Excellent Small Commercial Lot with Hwy 7 Frontage

Lots start closing Wednesday, February 21, 2018  |  7:00 PM Central
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SELLS ABSOLUTE!
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DO NOT BID ON THIS LOT - INFORMATION ONLY.

DO NOT BID ON THIS LOT - INFORMATION ONLY.

Lot # 0

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Excellent Small Commercial Lot with Hwy 7 Frontage, SELLS ABSOLUTE

Excellent Small Commercial Lot with Hwy 7 Frontage, SELLS ABSOLUTE

Lot # 1

Located with frontage on Hwy 7 West and access on Kouwe Street.

Location:
401 4th Ave. NW (Hwy 7 West), Hutchinson, MN 55350

Contact Greg Witt, REALTOR for a private showing at (320) 234-0929 or GregWitt@edinarealty.com.

Legal: .51 acres of Block 9, North Half Hutchinson
PID#: 23.056.0720
2017 real estate taxes: $1,166.00
Classification: C5, Commercial Conditional

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 320.854.3510.
Down Payment: $1,000 non-refundable earnest money down on purchase agreement at the close of bidding (Wednesday, February 21, 2018 at 7:00 p.m.).
Closing: Due on or before March 30, 2018. 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 non-refundable earnest money down on purchase agreement at the close of bidding (Wednesday, February 21, 2018). Cash, personal & company checks or certified funds will be accepted. 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: $20,000 winning bid + 10% buyers premium = $22,000 sale price. Property sells absolute to highest bidder. 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: 2018 real estate taxes prorated to closing date.
Agency Disclosure: Fahey Sales Auctioneers & Appraisers and Edina Realty represent the seller in this real estate transaction. Dual agency may apply.
Broker Participation Accepted But Not Required: A broker referral fee of 5% 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.
Auction Brochure.pdf
Aerial Photo.pdf
Survey.PDF
Brokers Registration.pdf
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