Albert Lea, MN
Approximately 13,300 square foot 2 story Commercial building that was previously an Elementary School in Albert Lea, MN with a beautiful brick exterior and asphalt parking lot. This building is constructed with Spancrete, so it is a very solid structure on both levels and sits on 4 1/2 City lots which provides a lot of yard space and good sized parking lot. This property has been vacant for a while and all utilities are turned off. The city of Albert Lea has indicated they would be willing to work with anyone wanting to develop this building into apartments being there is a lack of rental units in The city, this building really has the potential for many uses such as a Charter School, Apartments, Warehouse, Commercial Office Space, Senior living, Brewery, Manufacturing Facility, Storage or anything you can imagine. Conveniently located just a few blocks south of Downtown and a short distance from Interstate 35W.
Don't miss out on this rare opportunity to own over 13,300 square feet of Commercial/Multifamily Space with a very low Reserve Price!
This Auction only has a 5% Buyers premium instead of the usual 10%
Buyer of this Building must be paid in full within 10 days of Auction close (April 6th 2016)
5% Buyers Premium will be added to winning bid. Ex: $50,000 winning bid will pay a $2500 buyers premium.
Winning bidder will receive a notarized quit claim deed to the property when paid in full.
This Auction has a low Reserve so the highest bidder over the reserve Wins!
Building is sold As Is/Where is.
Empire Wholesale and Anthony Socher are not legally responsible for an injuries that may occur on the property at any time.
| Bid Range | Minimum Increment | ||
|---|---|---|---|
| $0.01 | - | $75.00 | $1.00 |
| $75.01 | - | $150.00 | $5.00 |
| $150.01 | - | $250.00 | $10.00 |
| $250.01 | - | $500.00 | $25.00 |
| $500.01 | - | $1,000.00 | $50.00 |
| $1,000.01 | - | $5,000.00 | $75.00 |
| $5,000.01 | - | $50,000.00 | $100.00 |
| $50,000.01 | - | $75,000.00 | $250.00 |
| $75,000.01 | - | $100,000.00 | $500.00 |
| $100,000.01 | - | $2,500,000.00 | $1,000.00 |
| Buyer's Premium | |||
|---|---|---|---|
| 5.00% | |||
This auction is contracted and managed by: Empire Wholesale
Manager: Tony Socher
This auction is contracted and managed by Empire Wholesale.
This affiliate accepts Cash, Credit card up to $5000, Cashier's Check.
By placing a bid on this auction you are agreeing to the auction specific terms listed below in addition to K-BID user terms. For auctions contracted and managed by an Independent Affiliate, K-BID Online, Inc. is acting as a venue only and will not be involved in any disputes or issues regarding this auction.
Everything is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase.
There is a 13% BUYERS PREMIUM (13% BP) on this auction. All NON-Credit/Debit Card payments MADE IN-FULL (invoiced amount) will receive a 3% Reduction in BUYERS PREMIUM (10% BP).
Applicable Minnesota Sales Tax will be collected.
At the close of the auction active items will remain open until no bids have been received for three minutes.
IMPORTANT NOTE: If the high bidder of an item does NOT acknowledge the purchase, K-BID systems reserves the right to determine how and to whom it will be resold. If we determine that the winning bid was not a bona fide bidder, the item WILL NOT AUTOMATICALLY go to the next second-highest bid.
Auction Terms Addendum
This auction is contracted and managed by an independent auctioneer. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.
Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies to conduct online auctions.
They are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.
Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.
Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.
Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.
Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.
Auction Process
Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.
If bidding privileges are suspended due to unpaid invoices:
Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.
Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.
Sales Tax
Applicable sales tax will be collected by the independent auction company managing the auction.
No shipping available for this auction.
| Bidder | Placed | High Bid |
|---|---|---|
|
105501
|
Mar 27 08:30pm
| $40,100.00 |
|
185563 ^
|
Mar 27 08:29pm
| $36,600.00 |
|
105501
|
Mar 27 08:29pm
| $36,500.00 |
|
185563
|
Mar 27 06:39pm
| $35,100.00 |
|
105501 ^
|
Mar 27 06:39pm
| $35,000.00 |
|
185563
|
Mar 27 06:39pm
| $35,000.00 |
|
105501 ^
|
Mar 27 06:31pm
| $34,877.77 |
|
227487
|
Mar 27 06:31pm
| $34,777.77 |
|
105501 ^
|
Mar 27 06:31pm
| $32,980.77 |
|
227487
|
Mar 27 06:31pm
| $32,880.77 |
|
105501 ^
|
Mar 27 06:30pm
| $31,100.66 |
|
227487
|
Mar 27 06:30pm
| $31,000.66 |
|
105501 ^
|
Mar 27 06:30pm
| $30,088.66 |
|
227487
|
Mar 27 06:30pm
| $29,988.66 |
|
105501 ^
|
Mar 27 06:29pm
| $29,700.88 |
|
227487
|
Mar 27 06:29pm
| $29,600.88 |
|
105501 ^
|
Mar 27 06:29pm
| $29,400.33 |
|
227487
|
Mar 27 06:29pm
| $29,300.33 |
|
105501 ^
|
Mar 27 05:48pm
| $29,100.00 |
|
127659
|
Mar 27 05:48pm
| $29,000.00 |
|
105501 ^
|
Mar 25 09:20pm
| $28,300.00 |
|
127659
|
Mar 25 09:20pm
| $28,200.00 |
|
105501 ^
|
Mar 23 02:40pm
| $27,600.00 |
|
221426
|
Mar 23 02:40pm
| $27,500.00 |
|
105501 ^
|
Mar 21 05:21pm
| $27,100.00 |
|
127659
|
Mar 21 05:21pm
| $27,000.00 |
|
105501 ^
|
Mar 19 02:20pm
| $26,000.00 |
|
221426
|
Mar 19 02:20pm
| $25,900.00 |
|
105501 ^
|
Mar 19 02:18pm
| $25,600.00 |
|
221426
|
Mar 19 02:18pm
| $25,500.00 |
|
105501 ^
|
Mar 19 02:18pm
| $25,400.00 |
|
221426
|
Mar 19 02:18pm
| $25,300.00 |
|
105501
|
Mar 16 04:23pm
| $25,200.00 |
|
221426
|
Mar 16 04:09pm
| $25,100.00 |
|
105501
|
Mar 16 01:27pm
| $25,000.00 |
|
203008
|
Mar 15 11:55pm
| $15,000.00 |
|
221426
|
Mar 14 10:44am
| $13,400.00 |
|
160600
|
Mar 10 09:08am
| $13,300.00 |
|
221426
|
Mar 08 09:49pm
| $12,100.00 |
|
203008
|
Mar 08 12:51pm
| $12,000.00 |
|
160600
|
Mar 08 12:31pm
| $10,750.00 |
|
127659
|
Mar 07 02:36pm
| $10,100.00 |
|
160600
|
Mar 07 10:07am
| $10,000.00 |
|
127659
|
Mar 07 09:34am
| $8,000.00 |
|
221426
|
Mar 06 10:23pm
| $7,600.00 |
|
160600
|
Mar 06 09:16pm
| $7,500.00 |
|
203008
|
Mar 06 09:08pm
| $5,000.00 |
|
221426
|
Mar 05 02:55pm
| $3,075.00 |
|
160600
|
Mar 05 02:28pm
| $3,000.00 |
|
221426
|
Mar 04 07:52pm
| $2,575.00 |
|
145992
|
Mar 04 05:56pm
| $2,500.00 |
|
221426
|
Mar 04 03:36pm
| $1,575.00 |
|
131788
|
Mar 04 02:57pm
| $1,500.00 |
|
160600
|
Mar 04 12:43pm
| $500.00 |
|
221426
|
Mar 04 10:07am
| $200.00 |
|
127659
|
Mar 03 10:23pm
| $100.00 |
