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SELLS ABSOLUTE! Commercial Property - Brownton, MN

Bidding ends Monday, March 10, 2014  |  6:00 PM Central
Auction closed.
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Description:

Commercial Property. Two Story Building with Newer Membrane Roof Located Close to US Hwy 212<br><a href='http://www.faheysales.com/events/'><font color='red'> More Auctions by Fahey</font> </a>
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ABSOLUTE Online Real Estate Auction

ABSOLUTE Online Real Estate Auction

Lot # 1      

ABSOLUTE Online Real Estate Auction
Two Story Downtown Commercial Property
139 4th Avenue North, Brownton, MN

Two Story Brick Building
Built in 1911
Approximately 1,750 sq. ft on each level
14 ceiling height
Easy to divide with existing private entrances
Updated lower level & exterior
Firestone membrane roof with remaining warranty
Awnings on front & rear
PID # 16.050.0780
Lot Size 50 x 122
Lot 3, Block 14 Brownton townsite
Zoned Commercial
2013 real estate taxes $5,224.00 based on $91,500 estimated market value

Inspection By Appointment
For More Information Contact Greg Witt, Edina Realty.  320.234.0929 or gregwitt@edinarealty.com

Terms & Conditions:
Bidder Registration: Although there is no  obligation to bid, all prospective buyers MUST  register to bid at www.faheysales.com.  For assistance in registering call 320.864.3510.
Down Payment: $1,000.00 non-refundable earnest money down on purchase agreement at the close of bidding (Monday, March 10.)
Closing: Closing on this property shall take place on or before Friday, April 11, 2014.  Buyers wishing to close earlier will be accommodated.  
Failure to close by the Buyer: If for any reason you are unable to complete the transaction, your down payment money will be forfeited. 
Title: This property will be sold free & clear from any & all liens & encumbrances, but subject to any zoning, environmental, or other municipal, federal & state laws, easements, rights of way or other matters of record.  Buyer to accept property in as-is condition.
Seller & Auctioneers Disclaimer: All announcements and updates made by the auctioneer on the website, shall take precedence over any previously written material or oral statements made. Conduct of the auction, increments of the bidding & decisions as to the high bidder will be at the direction & sole discretion of the auctioneer. The information contained in this brochure is subject to the inspection & verification by all parties relying on it; no guarantee, expressed or implied, is given of the information contained in the brochure. No liability for its accuracy, error or omissions is assumed by the owners or the agents.  Property sells in as is condition.  Buyer will sign an as-is addendum.  
Terms: $1,000.00 non-refundable earnest money down on purchase agreement at the close of bidding (Monday, March 10, 2014 at 6:00 p.m.)  Cash, personal, & company checks or certified funds will be accepted.  Balance in full due on or before Friday, April 11, 2014,  the date of closing & possession.    Buyers wishing to close early will be accommodated.  Buyers to have financing arrangements made prior to bidding on the auction with no contingencies of any kind accepted in the purchase agreement.  A 10% buyers premium applies to this property and shall be made part of the purchase price.  Example: Total Bid price:  25,000 plus 10% buyers premium, Purchase price: $27,500 1031 tax exchange language can be included in the purchase agreement at the buyers request, however, any 1031 tax exchange shall not alter the terms, conditions, or closing date of this transaction. 
Taxes: 2014 real estate taxes to be prorated.
Agency Disclosure: Fahey Sales Auctioneers & Appraisers and Edina Realty represent the seller in this real estate transaction.  Dual agency may apply. 
Referral Fee (Broker Participation Accepted But Not Required) 5% of the bid price will be paid to the buyers agent that registers their client with the auction company prior to the client registering and bidding at www.faheysales.com.  Broker registration form and instructions can be found there.  
 


 
 
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