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KNIFE LAKE STORAGE FACILITY AUCTION
Auction Location: 2854 Highway 65, Mora, MN 55051.
Preview Date: Saturday, May 20, from
PROPERTY SOLD FOR:
Hammer Price = $325,000
Contract Price = $341,250
Auctioneer’s Note: This turnkey storage facility is available to be your next investment. Located off Highway 65 with easy access. Install a gate code lock for entry and run this property from anywhere while enjoying the cash flow. This facility has a high occupancy rate due to an average traffic count of 3,000 vehicles per day and in an area with numerous lakes. Live online bidding available. Online bidder must register 24 hrs. in advance.
Knife Lake Storage Facility – Mora, MN, Kanabec County
- Prime location w/Hwy. 65 Frontage
- Property offers 3-bedroom, 2 bathroom home
- 12-acre parcel for business expansion
Income vs. Expense Reports available upon request! Contact Shelly Weinzetl at Steffes Group, 763.300.5055.
TERMS: $10,000 down upon signing
For a detailed Buyer’s Prospectus with complete terms and conditions contact Shelly Weinzetl at Steffes Group, 763.300.5055 or 320.693.9371.
Downloads:
Buyer's Prospectus
Compliance Inspection Form
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TERMS: TERMS & CONDITIONS. The Terms and Conditions of Sale are set forth upon this page in this Buyer’s Prospectus and the Earnest Money Receipt and Purchase Agreement. The information set forth is believed to be accurate. However, the owner of the properties and Steffes Group make no warranties or guaranties expressed or implied. Prospective buyers are advised to consult with an attorney of their choice with respect to the purchase of any real property including but not limited to, seeking legal advice from their own attorney regarding disclosures and disclaimers set forth below. Auction staff will be at the sale site approximately one hour prior to sale time. The successful bidder will be required to sign an Earnest Money Receipt and Purchase Agreement at the close of the real estate auction. A total deposit of $10,000 of the Purchase price will be required. Those funds will be placed in the Steffes Group Auction Trust Account as good faith money until closing. Purchasers who are unable to close because of insufficient funds will be in default and the deposit money will be forfeited. Seller will provide 2017 taxes to be prorated to Closing Agent Fee will be shared equally between Buyer and Seller. Please note the bidding will not close and property will not be sold until everyone has had the opportunity to make his or her highest and best bid. The auction sale is for registered bidders and their guests. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, THIS IS A 5% BUYER’S PREMIUM AUCTION. FIVE PERCENT WILL BE ADDED TO THE FINAL BID TO ARRIVE AT THE CONTRACT SALE PRICE. THE PROPERTY WILL BE SOLD AS IS WITH NO WARRANTIES EXPRESSED OR IMPLIED. THE PROPERTY WILL BE SOLD SUBJECT TO OWNER CONFIRMATION. 1. Purchasing the property. 2. Purchasing the property at a price you can afford. 1. Estimate comparative value 2. Experienced buyers always decide what to pay before the bidding begins. 3. Inspect the property carefully. 4. Compare with other properties available in the area. 5. Check the selling price of previously sold properties. 6. Discuss your buying plans with a lender. Have your financing arrangements made in advance. 7. This sale is not subject to financing. Always bid on a property toward a price. Establish that price before the bidding begins. By doing this you will avoid getting caught up in the auction excitement and pay a price that is too high for the market or one that you cannot afford. It will also make you confident to bid to your established fair market value. Many bidders who do not plan ahead end up with regrets after the auction because they were too nervous or uncertain about their judgment to bid. Research and know the value of the property. Have your financing arranged before the auction. Establish your highest and best bid before the bidding begins. Make your bids promptly to force other bidders up or out without delay.
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