4 Acre Commercial Lot
Real Estate Auction

4 Acre Commercial Lot

Real Estate Auction

Monday - August 31st, 2009

Personal Property Starts Selling at 9 am & Real Estate sells at Noon

Address: 7541 St Hwy 15 - Brownton, MN

Owner: Armin Rathke Estate

Location: An exceptional location on the NW corner of the intersection of St Hwy 15 & US Hwy 212.  A Fantastic high traffic location.  30 minutes W of the Metro w/direct access to both highways.  The lot has a modern well, and a 24'x26' shop/office w/bathroom.  The lot also generates about $3000/year from billboard lease which can be renewed at the buyers option.

2009 Taxes: $954 NH

Description: 3.77 Acre lot zoned commercial in Sec 31, Twp 115, Range 29, Mcleod County, MN.  East 413.3' of S 625.36' of SW 1/4 of NW 1/4 except Hwy right of way.

Terms: No Buyers Premium.  The buyer shall pay 10% non-refundable earnest money down on the day of the auction and enter into a purchase agreement with the balance to be paid upon closing in approx 45 days.  The property will be sold in "AS IS" condition and a Personal Representative Deed with no written warranties expressed.  2009 taxes and billboard income to be prorated as of the date of closing.  Septic to be updated at the buyers expense.  Subject to any easements of record.  The seller or seller's agents are not responsible for any errors in information.  This is a guide.  Buyers are responsible to collect their own information.  Anything said the day of the auction takes precedence over any written material.  Seller has the right to reject any and all bids.  Auctioneer has the right to run the sale however he feels best serves the seller.  Sale of real estate is contingent upon court approval.

Auctioneer: Larry Mages #72-004

507-228-8352

Auctioneers: Matt Mages - New Ulm

Joe Wersal - Winthrop

Joe Maidl - Lafayette

John Goelz - Franklin

See Our Auction Page of this Web site for Information on Personal Property being sold at the same location and time.