The price tag of the aluminum shed is $10 billion.
The property is on the north side of the Alaskan town of Nome and sits on 1.3 acres.
The city has about 2,400 homes and about 10 million square feet of commercial space.
That means a new owner could put the property on the market for as little as $5 million.
That’s about half the price of the property at the time of the original sale in 2005.
The Alaskans who own the property have a $3.5 billion mortgage, according to an appraisal by Alameda County Assessor David A. Fitch.
The buyer will have to pay taxes, the appraisal shows.
That could add about $2 million to the property’s price tag.
The price could rise as the market is flooded with apartments and condos, but it could be as low as $2.9 million.
In August, a judge said the sale of the properties was legal.
The sale is still pending.
The county has also been pursuing a bid from the property owner, Nome’s former mayor, who has not responded.