5 NEWS UPDATE: (6PM)
According to the state fire marshals' office, the fire appears to have originated in the back of the auction house side of the structure. The
structure consisted of several additions, and two homes that were joined to create one building.
The loss may exceed $1 million dollars.
At this time officials say they have have not isolated the exact cause for the fire, but are still working with Insurance investigators at this time.
Three schools and a road were forced to be closed in Marion County early Thursday morning, as crews battled a fire in the area.
The fire broke out before 5:00 a.m. at Chancellor's Restaurant & Auction and Blondie's on the Husky Highway.
That section of the road was forced to be shut down because of the smoke in the area.
Mannington Middle School, North Marion High School, and Blackshere Elementary School were also closed on Thursday. School officials said they made the decision to close schools based on the recommendation of 911 officials.
The owner of Chancellor's told 5 News that it was a family owned business, built in 1996 and recently remodeled. Luckily, other people's auction items weren't inside the building at the time the fire broke out.
They plan on opening something temporary for their auctions around Christmas time.
Stay with 5 News and WDTV.com for the latest on the fire.