New Ulm Grain Elevator and Property
Lot #2
Item: dac8-4971773

New Ulm, MN

This Lot is:

Closed

Mon, Sep 30, 2024 7:31pm CDT

High Bidder: #32785

Current Bid:

$11,600.00

Next Required Bid: $11,700.00

Shipping: No
Online Payment: Yes
Location / Contact:
300 Valley Street South, New Ulm, MN 56073
Phone: 507-327-6496

Lot Description:

New Ulm Grain Elevator and Property 

300 Valley Street South, New Ulm, MN 56073 

Brief Tax Description – South German Park E 325’ x 50’ AND E Central 25’ x 50’ of South German Park Former RR Property 

Class 234- 3A Industrial Land and Building 

Current assessed value - $84,700 

Current Taxes – 1,550 per year (1st half has been paid) 

Brown County Parcel ID No. - 00123000000012


Silo descriptions – all added in approximately 1968 

4 cement stave each with approximately 10,908 bushel capacity 

3 cement stave each with approximately 17,525 bushel capacity 

1 metal silo with approximately 123,182 bushel capacity 

 

These descriptions and other provided information is believed to be accurate but any potential buyer should rely on their own inspection of the property, and seller disclaims any express or implied warranties or representations herein. Any years or amounts provided herein are estimates, and should be confirmed by any potential buyer.   

There is a 10% buyers premium on this auction.  If the winning bid is $50,000 the BP will be $5,000. BP Cap of $1000.00 DOES NOT apply to Real Estate auctions.  The winning bidder will be expected to pay STJ Auctions the buyers premium within 48 hours of auction close.  

The buyer will then be put in contact with the Title Company or Lawyer who will actually prepare the Purchase Agreement and perform the real estate closing.  Buyer will be responsible for any title work or closing costs.  

BY PLACING A BID, BIDDER ACKNOWLEDGES AND AGREES TO ACCEPT THE PROPERTY IN AS-IS CONDITION, AND COMPLETE THE SALE WITHIN 30 DAYS OR AS DIRECTED BY the title company, all of which will also be included in the purchase agreement. 

K-Bid is only providing the computer systems to run the auction and has no additional responsibility regarding the sale.    

Inspection

Auction Closing:

Mon, Sep 30, 2024
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
10.00%


This auction is contracted and managed by: STJ Auctions

Manager: Jan Stordahl


Questions? Call 507-327-6496 prior to bidding with questions.

 


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 placed by a suspect bidder. Any registration that shows up on our fraud detection system may be placed on hold and bids removed until the user is verified. K-BID Online, Inc reserves the right to disallow anybody from bidding on its website. 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.

 



300 Valley Street South
New Ulm
MN, 56073


Phone: 507-327-6496

N/A

Thank you for bidding! 

You may pay via credit card for amounts under $4,000.  Any amount over that needs to be certified check or wire transfer. 

 

Bid History

53 Bid(s)
Bidder Placed High Bid
32785
Sep 30 07:16pm
$11,600.00
160759
Sep 30 06:58pm
$11,100.00
477373 ^
Sep 29 05:59pm
$11,000.00
32785
Sep 29 05:59pm
$11,000.00
477373
Sep 29 03:14pm
$10,500.00
32785 ^
Sep 29 03:13pm
$10,300.00
477373
Sep 29 03:13pm
$10,200.00
32785
Sep 29 11:04am
$10,100.00
316514
Sep 29 05:52am
$10,000.00
32785 ^
Sep 29 05:51am
$9,900.00
316514
Sep 29 05:51am
$9,800.00
32785
Sep 26 07:05pm
$9,700.00
213113
Sep 25 08:56pm
$9,600.00
32785 ^
Sep 25 08:56pm
$9,500.00
213113
Sep 25 08:56pm
$9,400.00
32785 ^
Sep 25 08:56pm
$9,300.00
213113
Sep 25 08:56pm
$9,200.00
32785
Sep 22 05:54pm
$9,100.00
478210 ^
Sep 22 05:53pm
$9,000.00
32785
Sep 22 05:53pm
$9,000.00
478210
Sep 22 04:56am
$8,100.00
32785 ^
Sep 22 04:56am
$7,100.00
478210
Sep 22 04:56am
$7,000.00
32785 ^
Sep 22 04:56am
$6,100.00
478210
Sep 22 04:56am
$6,000.00
32785
Sep 21 03:58pm
$5,075.00
478210 ^
Sep 21 03:57pm
$5,000.00
32785
Sep 21 03:57pm
$5,000.00
478210
Sep 21 09:48am
$3,575.00
352978
Sep 16 08:34pm
$2,075.00
131788
Sep 16 10:29am
$1,575.00
352978 ^
Sep 16 10:28am
$1,500.00
131788
Sep 16 10:28am
$1,500.00
352978 ^
Sep 16 10:28am
$1,050.00
131788
Sep 16 10:28am
$1,000.00
352978 ^
Sep 15 09:58am
$950.00
224221
Sep 15 09:58am
$900.00
352978 ^
Sep 15 09:58am
$675.00
224221
Sep 15 09:58am
$625.00
352978 ^
Sep 15 09:31am
$525.00
267822
Sep 15 09:31am
$500.00
352978
Sep 14 10:31pm
$425.00
474361
Sep 14 07:20pm
$400.00
254259 ^
Sep 14 07:20pm
$325.00
474361
Sep 14 07:20pm
$300.00
254259 ^
Sep 14 07:20pm
$260.00
474361
Sep 14 07:20pm
$250.00
254259 ^
Sep 14 07:20pm
$105.00
474361
Sep 14 07:20pm
$100.00
254259
Sep 14 04:27pm
$51.00
474361
Sep 14 02:30pm
$27.00
224221
Sep 14 01:17pm
$11.00
474361
Sep 14 09:25am
$5.00