SEDAN, MN COMMERCIAL REAL ESTATE - ABSOLUTE SALE - NO RESERVE!!

MnAutoAuctions.com

MnAutoAuctions.com

Auction Location: 28687 State Hwy 55, Lowry, MN 56349

Phone: 320-283-3250

Lot Categories: Commercial Property (1)

Auction Closed
06/17/2021 08:30 pm

Closed



Showing 1 to 1 of 1 items

Current Bid: $6,200.00
Next Required Bid: $6,300.00
High Bidder: #80755
Began Closing:
Thursday 06/17/2021
08:30 pm CDT

Lot is Closed

 


Auction Details:

SEDAN, MN COMMERCIAL REAL ESTATE - ABSOLUTE SALE - NO RESERVE!!

Commercial building in downtown SEDAN, MN Being sold without reserve

LOCATION:

Former highway department garage just North of Rooney's Bar in Sedan, MN. (No official address)

Inspection by appointment only. 

 

Legal Description: Sect - 6 Twp - 124 Range - 36 Lot - 18 Block - 5 SEDAN CITY, ORIGINAL PLAT S1/2 LOT 18, E1/2 LOT 19 BLOCK 5

 

$1000 Earnest money due with 48 hours of auction closing in person to sign Purchase Contract. 

Closing will be held at Minnewaska Title within 30 days of auction closing.

--ONLY 5% BUYERS PREMIUM--

Commercial Building in the heart of Downtown Sedan, MN. Only a few blocks off of State Highway 55. Great storage building for boats / cars / RV's. 

 

The city of Sedan DOES NOT HAVE city water or city sewer. This property does not have a well or septic. (NO WATER / SEWER BILL!!!)

 

Property is sold strictly AS IS, please inspect property. 

  1. AS-IS SALE. The Buyer shall accept the Property "AS-IS", "WHERE-IS", and "WITH ALL FAULTS" as of the closing date and the Buyer specifically agrees that neither the Seller nor the Auctioneer make any representations or warranties of any kind whatsoever, expressed or implied, to the Buyer as to the value, condition or fitness of the Property, environmental or otherwise, or any part thereof or improvements thereon. All descriptions, measurements and acreage provided by the Seller and the Auctioneer are to be used as a guide only. The Buyer acknowledges and agrees that it is the Buyer's sole responsibility to make such legal, factual and other inquiries, inspections and investigations as the Buyer considers necessary prior to bidding on the Property, and Buyer hereby warrants and represents that he shall have satisfied himself as to the location and condition of the Property, and all descriptions with respect thereto, prior to bidding, and that he has had the opportunity to do so. In certain circumstances the Seller will complete and provide a Property Condition Disclosure Statement. If a Property Condition Disclosure Statement is available, the Bidder may view such information.

 

PLEASE SEE ADDITIONAL TERMS UNDER THE 'TERMS' TAB.

Inspection

Auction Closing:

Thu, Jun 17, 2021
08:30 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: MnAutoAuctions.com

Manager: Nicholas Bullick


This auction is contracted and managed by MN Auto Auctions, the Dealer of Record is Minnewaska Motors for titled items in this sale, #DLR38124.

This affiliate accepts Cash, Cashier's Check, Debit and Credit cards up to $5,000. 

All vehicles are sold strictly ‘as is / where is’ - No Warranties; written, verbal, implied, or otherwise.  No refunds, credits, or discounts are offered. - Please inspect this item before bidding - Pick-Up Day is NOT Inspection Day-

It is your responsibility to inspect prior to purchase.  A ‘Test Drive’ does not equal a full mechanical inspection and will not reveal all mechanical issues.  Photographs are considered part of the item description, please use all information provided to you to assess the value of this item before bidding. 

As with all used cars, this car may come with typical used car issues, including minor mechanical issues and past due maintenance.

By placing a bid on this auction you agree to abide by these terms. 

"Paid" Items not picked up within 7 days are subject to a $100 a week storage fee unless prior arrangements have been made. "Paid" items not picked up within 90 days are considered abandoned and will once agin be property of Minnewaska Motors. 


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.

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.
  • Affiliates may lower reserves at any time:
    • 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 affiliate managing the auction.



28687 State Hwy 55
Lowry
MN, 56349


Phone: 320-283-3250

$99 delivery to anywhere within 30 Miles of Minneapolis. If you wish to have your vehicle delivered please email us at DELIVERY@mnautoauctions.com with your address and we will update your invoice to reflect the exact amount due including delivery. All vehicles that are delivered MUST be prepaid online through the SQUARE app on the K-bid.com website AFTER you email us and we update your invoice. NO CASH OR CHECKS on delivery. 

 

Standard delivery is still available for $2.25 per loaded mile OUTSIDE OF THE METRO AREA. Minimum delivery fee is $150.  WE ALSO SHIP NATIONWIDE!!

Payment in person is preferred due to the likelihood of decreased title transfer fees.