Wright County, MN
17.00 Acres M/L
Great River Centre - Highway 101 & County Road 39
Otsego, MN 55330
| Price | Click to Bid Online |
| Listing | #15834 |
Property Info
Description
Legal Description
Details
Directions
Covenants
- Sign On Property: Yes
- Parcel Number: Multiple
- School District: 0728 Elk River
- Zoning: Commercial
Additional Info
The City of Otsego is located 33 miles from downtown Minneapolis and is optimally located on the major travel corridors of Interstate 94, U.S Highway 10, U.S. Highway 169, and Minnesota Highway 101. With the City encompassing 30 square miles, there are many prime locations available for all types of development including residential, commercial, and industrial.
In addition to attracting new development, the City’s elected officials and staff understand the value of supporting our existing business sector and are here to assist in your growth and expansion within the community.
*above information gathered from https://www.ci.otsego.mn.us/ City of Otsego
Brief Community Profile
- Population: 18,130 (Minnesota State Demographer as of 4-1-2019)
- Households: 6,254 (Minnesota State Demographer as of 4-1-2019)
- Median Home Value: $258,455 (Wright County Assessor)
- Median Age: 34.3 (American Community Survey, 2019)
- Median Household Income: $105,290 (American Community Survey, 2019)
- Percentage of High School Graduates: 97.9% (American Community Survey, 2010)
*above information gathered from https://www.ci.otsego.mn.us/ City of Otsego
Interactive Map
Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.
Tracts
Description
Legal Description
Details
- Acres: 5.14 Acres M/L
- Parcel Number: 118--252-002010
Directions
Description
Legal Description
Details
- Acres: 2.00 Acres M/L
- Parcel Number: 118-338-000010
Directions
Description
Legal Description
Details
- Acres: 2.70 Acres M/L
- Parcel Number: 118-252-003020
- Net Taxes: $7,652.00
Directions
Description
Legal Description
Details
- Acres: 7.31 Acres M/L
- Parcel Number: 118-239-000090
Directions
Bid Now
Auction Details & Terms
Auction Details:
This is a 'Minimum Bid' Auction with all Tracts being sold to the highest bidder that bids over $1.00 per sq ft.
Opening Bid per Tract will reflect the sq ft amount.
This Online Only Auction will begin to close on Wednesday, January 19, 2022 at 1:00 PM CST
How to Bid?
Open up the Peoples Company auction you are interested in at PeoplesCompany.com. Click on any of the BID NOW icons within that auction. This will take you to our Online Bidding platform. Find the auction you wish to participate in and open it up. To participate in that auction click REGISTER TO BID. From there you will need to create a bidder account. Once that is created you are able to bid on any of our Online Auctions.
Co-Broker:
Co-Broker must register client 24 hours prior to the Auction date by filling out our Broker Registration Form.
Buyer’s Premium: A five percent (5%) Buyer’s Premium will be added to the final bid price and included in the total purchase price.
Auction Method: Property will be offered as four individual tracts. All bids will be on a price per square foot basis for each tract. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. All 4 tracts will be tied together for the auction closing. If there is a bid on any one of the 4 tracts in the last three minutes all tracts bidding period will extend for 3 minutes. This will continue until there is no increase in bids on any of the 4 tracts for a period of 3 minutes. If you plan to bid, please register 24 hours prior to close of auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.
Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or good check. All funds will be held in Custom Home Builders Title Company Trust Account.
Closing: Closing will occur on or about Monday, March 1, 2022. The balance of the purchase price will be payable at closing in the form of guaranteed check or wire transfer.
Possession: Possession of the property will be given at Closing,
Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Custom Home Builders Title Company, LLC the required earnest money payment. The Seller will provide a owner’s policy at their expense. Auction is not contingent upon Buyer obtaining financing. Buyer to be provided a limited warranty deed upon closing. Buyer acknowledges they have reviewed the preliminary title work. Seller to provided clear and marketable title.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction.
Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company or Seller. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auction Company.
Disclaimer: All lot lines, field boundaries and the total square feet of each lot are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, total square feet of each tract, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding during the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from Owner's Policy. All preliminary title work, convenants, conditions, agreements, restrictions, easements and documents are available to view as attachments on the Peoples Company website. Please call the listing agent, Michelle Weinzetl, if you have any questions.
Photos
Tract 1 Photos
Tract 2 Photos
Tract 3 Photos
Tract 4 Photos
