A piece of history will welcome a new future on Saturday.

The former Lansing Corners property should have a new owner after the property is auctioned at 10 a.m. Saturday.

Greg Jensen, who will run the sale through Jensen Real Estate & Auction, said the property is a great location with a rich history.

“I’d like to see someone go in there, take over and make it a viable eating place again,” Jensen said.

The businesses, which dates back more than 60 years, is best known as a restaurant, but Jensen said options are wide-open when it comes to the property’s use. He noted there are many options for the well-known property.

“Everyone knows where the Lansing Corners are,” he said.

But the property’s rich history has been tainted by recent uncertainties. Since Ron and Karen Valentine closed the restaurant in 2008, the building’s assessed value has decreased by about $140,000 from $340,800 in 2009 to $200,600. Miller said the property has been listed at around $160,000.

More than $37,000 in taxes are also owed on the property, plus about $4,800 more from the first half of 2008’s taxes, according to Auditor-Treasurer Doug Groh.

The deed on the property cannot be transferred until the taxes are paid in full. However, Jensen said the purchase agreement will be clear and see that the new owner does not start his or her tenure in debt.

“They’ll get a squeaky clean piece of property,” Jensen said.

“Someone’s probably going to get a really good buy,” he added.