LENDER OWNED AUCTION: May 7, 2019 Former A & W Restaurant Pine Island, MN
Details
703 North Main Street
Pine Island, MN 55963
Inspections
Monday, April 22 noon to 2:00 pm
Monday, May 6 noon to 2:00 pm
Other times by Appointment
Bid Deadline
Tuesday, May 7 4 pm Sealed Bid Deadline
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Location
Details
Former Fast Food Restaurant with Drive-Thru
2,384 Sq. Ft. Building on .45 Acres
Double Pane Windows Ceramic Floors
Roof Mounted Heat/Air Conditioning Forced Air System
Vent Hoods w/Fire Protection
Walk In Cooler Security System
1-600 AMP 3-Phase, 2-200AMP, 1-100 AMP Electrical Panels
22 Parking Spaces in the Asphalt Parking Lot
Built in 1996
City Water & Sewer
Zoned C-2, Highway Commercial
Great High Traffic Location on North Main Street
Parcel Number: 68.400.0011
County: Goodhue /SD255
Subdivision: Hills C Addition Lots 1-3- Plat: 68400
Lot Sq. Ft.: 23,986; Acres: .45
Property Taxes: $9,752
Pine Island Economic Development Authority
Devin Swanberg, Executive Director
(507) 356-8103, pieda@bevcomm.net
Also included in the May 7th Sale:
Sealed bids will be received by Maas Companies until Tuesday, May 7, 2019 at 4:00 pm CDT. After this time, the seller of the applicable property, in its sole discretion, may either declare one (or none) of the bidders the winner and the auction process ended or may invite the high bidders to participate in a limited live auction. Should the auction process continue to a limited live auction, the event will be held on Friday, May 10 at 11:00 am CDT. Buyers will be able to participate via phone. Buyers are strongly encouraged to submit their highest and best offers by May 7. Neither seller is obligated to accept any bid or offer, and no bid or offer will be binding on a seller until the seller has entered into a fully executed purchase agreement for the property.
Selling Subject to Owner Confirmation and Subject to Prior Sale. Selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. See Bidder Kit for complete terms.
In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.
Principal Auctioneer, Tyler Maas #55-145; Diane Maas, President.
Broker Participation is welcome but not required. A 2% commission will be paid to the licensed broker who, at the time of registration, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest, is not entitled to a commission.
Re: LENDER OWNED AUCTION: May 7, 2019 Former A & W Restaurant Pine Island, MN
703 North Main Street
Pine Island, MN 55963
To Whom It May Concern: Pursuant to your request, please sign and date this release to receive documents relating to the above noted property. The Seller did not prepare these documents and has no knowledge of their accuracy or completeness. None of the documents shall constitute a representation or warranty of any kind by Seller as to the accuracy or completeness of any information delivered. Accordingly, Seller expressly disclaims any responsibility therefor, including any consequences of any reliance by anyone on them. Please note that the documents and the information contained therein are confidential, and by acknowledging receipt, you agree to keep such information confidential and that you shall not, without the prior written consent of Seller, share any of the documents with anyone other than Potential Buyer and representatives of Potential Buyer who need such information for the purpose of evaluating the premises and who are informed of the confidential nature of the information and also agree to be bound by the terms of this confidentiality provision. By this acknowledgement, you further agree that you will return to me the originals and any copies of the materials forthwith upon demand if the contemplated transaction is not consummated. Please do not hesitate to contact our office with any questions you may have.
