Sleepy Eye MN Grain Elevator Real Estate Auction

Empire Wholesale

Empire Wholesale

Auction Location: 313 2nd ave NW, Sleepy Eye, MN 56085

Phone: 612-910-5674

Lot Categories: Commercial Property (1)

Auction Closed
11/25/2018 07:30 pm

Closed



Showing 1 to 1 of 1 items

Current Bid: $6,200.00
Next Required Bid: $6,300.00
High Bidder: #299543

Reserve Not Met

Began Closing:
Sunday 11/25/2018
07:30 pm CDT

Lot is Closed

 


Auction Details:

Once in a life opportunity to own the Sleepy Eye Uptown grain elevator located on the CP Rail road with 200k+ bushel capacity, scale and ramp. Lot is privately owned and not leased land. Would make a great brewery, Rock climbing facility, Warehouse or just re open it for grain storage/shipping by rail.

There is only a 5% buyers fee instead of the typical 13% fee for this Auction.

This building is owned Free and Clear and has no liens or assessments and will sell with a very low reserve.

Winning Bidder of this Building must deposit a $2500 non refundable down payment cashiers check within 48 hours from the close of the auction with the remainder balance due 30 days from the Auction closing unless arranged prior to auction close with Empire Wholesale 612-910-5674

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, Deed will be recorded in new owners name within 48 hours of the purchase price being paid in full.

This Auction has a low reserve!

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.

Inspection

Auction Closing:

Sun, Nov 25, 2018
07:30 pm

Removal:


Bidding Increments:

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.

 


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.

  • Bidders are responsible for all activity under their account.
  • Account information and passwords must not be shared.
  • All bids are binding and may not be retracted.

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

  • Items with a reserve will not sell unless the reserve price is met.
  • Reserves may be lowered at any time at the independent auction company's discretion:
    • During the auction: updated reserve status will be displayed.
    • After closing: the highest bidder may be awarded the item if the reserve is lowered.
  • At closing, items with active bidding will remain open until no bids are received for three (3) minutes.
  • Outbid notifications are not sent once an item enters the closing 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:

  • Reinstatement is at K-BID’s discretion
  • Requires payment of:
    • 20% penalty on unpaid invoice(s)
    • $25 reinstatement fee
  • A valid government-issued ID must be provided
  • Unpaid items will not be awarded

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.



313 2nd ave NW
Sleepy Eye
MN, 56085


Phone: 612-910-5674

No shipping available for this auction.