New Ulm, MN
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.
| 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.
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.
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.
| 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 |
