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The company's East River Plaza location in Manhattan was shuttered after only a little more than two years in operation.
On Saturday, the company turned out the lights at the store, which was rarely well trafficked. Here, employees at the store had removed prices from cell phones and other gear.
He's trying to convince Best Buy's board of directors to accept a bid from him that could be worth as much as $8.8 billion.
The company's plight has to be painful for Schulze. The retail chain was once famous for its packed stores and big earnings. Recently, though, the company has been in a sales slump.
On Saturday, the shelves in the audio section of the company's now shuttered East River Plaza location were nearly barren.
Best Buy used to be a big distributor of CDs and DVDs, but sales have been soft as consumers turn to the Internet for media purchases.