Auction Location: 101 S Park Street, Fairfax, MN 55332
Phone: 612-910-5674
Lot Categories:
Auction Closed
12/28/2014 08:00 pm
Closed
9600 Square foot Brick Commercial building in the heart of Fairfax MN .
Winning Bidder will be required to deposit a $2000 earnest money check to seller within 48 hours of the auction closing with the remainder of the purchase price due within 30 days from the end of the auction.
Winning Bidder will receive a Quit Claim deed to the building once balance is paid in full.
The building is currently free of any special assessments and taxes are paid in full.
Terms of sale are cash or conventional financing. Earnest money will be forfeited to seller if buyer can not qualify for financing or does not have funds to purchase property.
Building sold as is with all contents included.
Do not bid if you can not qualify to purchase or do not have funds to pay for purchase..
| 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 | |||
|---|---|---|---|
| 3.00% | |||
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.
Brokered by: Real Estate Marketing, Inc.
Agent: Laura Lorek #40350713
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 3% BUYERS PREMIUM (3% BP) on this auction.
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.
