Auction Location: 400 5th avenue, Hartland, MN 56032
Phone: 612-910-5674
Lot Categories: Commercial Property (1)
Auction Closed
06/12/2018 08:00 pm
Closed
The former Freeborn High School building and land which includes an approximately 30,000 square foot building and 7.79 Acres of land that is zoned commercial. The School was recently used as a Jewish Summer camp up until a few years ago. The building cosmetically is in rough condition on the interior due to vandalism that occurred after the summer camp was moved and the building sat vacant, there are some broken windows and graffiti on the interior walls, but you are getting a very large amount of square footage built with a beautiful brick exterior, Spanish tile roof and almost 8 acres of land in City limits! This property had a 2017 tax value of $600,800 up until last year when the taxes were lowered to entice new business to this property. This is a rare opportunity to own this much land within city limits in southern MN and be only a block away from Freeborn Lake.
2018 Property taxes: $688
Property Address: 400 5th Avenue Freeborn MN 56032
Property ID: 250070030
This building was a former foreclosure so the water and electric have not been active at this property and may need repair.
There is only a 5% buyers premium for this auction instead of the typical 10%
Please Call Empire Wholesale for questions regarding Payment 612-910-5674.
Please bring a flashlight to the inspection as there is no electric at he property.
Winning bidder will receive a notarized quit claim deed to the property when paid in full.
Property is sold As Is/Where is.
Empire Wholesale and Anthony Socher are not 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 5% BUYERS PREMIUM (5% BP) on this auction. .
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.
This auction is contracted and managed by an independent affiliate. By placing a bid on this auction, you are agreeing to the auction specific terms listed on this page in additions to the K-BID user terms and agreements. K-BID Online, Inc. (K-BID) is responsible for maintaining the K-BID.com website. K-BID.com serves as the venue used by independent auction companies (Affiliates) to present their online auctions to bidders. K-BID’s role in the auctions listed on K-BID.com is limited to providing the venue for affiliate auctions. Affiliates are not employees, agents, representatives or partners of K-BID Online, Inc. K-BID’s knowledge about individual auctions and individual auction transactions is limited to the information appearing on the website. By placing a bid on K-BID.com, bidders are verifying they are at least 18 years old and acknowledging they understand and will comply with both the K-BID.com website terms and the auction specific terms. Bidders MUST NOT share their password or account information with anyone. Bidders are responsible for bids placed on their account. Inspection dates/times are available for every auction. Bidders are strongly encouraged to inspect prior to placing bids. Removal day is not inspection day. When an auction ends, and the winning bidder invoice appears on the bidder’s dashboard, the bidder is obligated to honor their bid(s). Every auction item is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase. Bidders are responsible for knowing and complying with auction terms. Failure to comply with removal terms may result in bidding privileges being disabled. Once a bid is placed it cannot be retracted. Sellers, and their agents, are prohibited from bidding on their own assets. Items with a reserve will not be sold unless the reserve price has been met. At the close of the auction active items will remain open until no bids have been received for three minutes. Applicable sales tax will be collected by the affiliate managing the auction. In the event that bidding rights are terminated due to no-show invoices, bidders MAY be reinstated at the discretion of K-BID only after a penalty fee of 20% of the unpaid invoice(s) and a reinstatement fee of $25.00 has been paid to K-BID and a scanned copy of your driver's license emailed to us. INVOICED ITEMS WILL NOT BE AWARDED. The payment is punitive and meant to deter no-shows. Duplicate bidder accounts will be deactivated when they are determined to exist. If possible and at our discretion K-BID reserves the right to delete any bid we believe has been place by a suspect bidder. Any registration that shows up on our fraud detection system may be placed on hold and bids removed until user is verified . K-BID Online, Inc reserves the right to disallow anybody from bidding on its web site. Cases of obvious bidding with no intent to redeem will be referred to appropriate legal authorities. Affiliates may lower a lot reserve at any time before or after an auction closes. If the reserve is lowered while the auction is in progress, the applicable reserve message will appear below the Next Required Bid information (Reserve Not Met or Reserve Has Been Met); the asset will sell to the high bidder if the lowered reserve amount is met. If the reserve is lowered after the auction closes, the highest bidder at auction close will receive a winning bidder invoice. Once an auction begins its closing process, outbid notifications will not be sent.
Once a bid is placed it cannot be retracted.
Auction Terms Addendum
This auction is contracted and managed by an independent affiliate. 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 (“Affiliates”) to conduct online auctions.
Affiliates 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.
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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:
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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 affiliate managing the auction.
No shipping available for this auction.
