Rice County Minnesota Land Auction

Real Estate

Location: 530 Wilson Ave NW, Faribault, MN

The Lorentson Property is located in Section 35, Wells Township, Rice County, Mn. In Faribault, Mn. at Exit 56 on U.S. Interstate 35 proceed west on St. Hwy 60 (Morristown Blvd.) to 38th Ave NW. Turn left or south and go a short distance to the property. (Be watching for presale directional signs)

5 p.m. Wednesday, September 18th, 2019
53 Acres┬▒ (subject to survey) ┬Ľ 2 Tracts
For this auction's sale bill, catalog or poster, CLICK HERE
Click on thumbnails to see larger photos and descriptions
Photo #1 Photo #2 Photo #3 Photo #4

This listing was posted on 08-21-19, for more photos and updates CLICK HERE.

TRACT INFORMATION

Tract 1 – 51 acres± (subject to survey)

  • FSA information indicates 38.51 acres tillable
  • Soils include Hayden, Hamel & Hawick
  • Productivity Index is 64
  • This parcel has excellent potential for future development for many business ventures including industrial or an urban subdivision. There is access to city sewer, water, natural gas and the parcel has ample road frontage on Calvary Dr.
  • Zoned C-2 light industrial
  • Access is by 38th Ave. & Calvary Dr.

Tract 2 – 2 acres± (subject to survey)

  • This parcel offers unlimited commercial business opportunities and has high traffic visibility with St. Hwy. 60 road frontage. City sewer, water and natural gas are located on the property, all ready for your future business project.
  • Zoned C-2 light industrial
  • Access is by 38th Ave. & Calvary Dr.

METHOD & TERMS

The Lorentson Property will be sold in 2 individual tracts, based on a survey that is currently in progress, with the said surveyed acres being used to constitute the final settlement price. Tract 1 will be sold first on a price per acre basis. Tract 2 will be sold next for a Lump Sum, total dollar amount. The tracts will NOT be offered in their entirety or in any combinations at the conclusion of the auction.

Ten (10%) percent of the bid price to be due on the day of sale with the balance due upon delivery of merchantable title. Closing is scheduled to be in approximately 30 days, on or before Friday, October 18, 2019. Immediately following the auction, the successful bidder shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing subject to a farm lease for the 2019 crop year. The farm sells with full farming rights for the 2020 crop year.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate, however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.


Richard A. Lorentson – Owner
Ann Artley – Power of Attorney

 

Representing Attorney: David Hvistendahl, Hvistendahl, Moersch, Dorsey & Hahn P.A., 311 Water St. S.,  

Northfield, MN 55057, Phone: (507) 645-9358

 

 

Rice County Minnesota Land Auction

For more information, call:
Auction Manager: Jim Huff (319) 931-9292 ┬Ľ MN Broker # 40632445


Also Visit: Auctioneer's Website
Questions about this auction? Phone 217.847.2160 or email our office at [email protected].

Website by Gallatin Publishing Co., 609B S. Main, Gallatin, MO 64640. If online display fails, call 660.663.2154. All Rights Reserved. ©2019
Sullivan Auctioneers, LLC

[email protected]

September 21 at Hannibal, MO
Gilbert Wendt Estate
September 24 at Agency, IA
The Boyd E. Mourer Collection
September 25 at Blandinsville, IL
The Former Blandinsville Veterinary Clinic
September 26 at Kingsley, IA
Collector Tractor Auction
September 28 at Macomb, IL
Jensen Land & Lake Home
October 4 at Corwith, IA
Kossuth County, Iowa
October 7 at Quincy, IL
William H. Jr. & Ruth A. Deters Family Farm
October 8 at Lancaster, MO
Construction Equipment
October 10 at Oelwein, IA
Johnson Family Farm
October 11 at Tennessee, IL
Leroy R. McClure Estate
October 17 at Donnellson, IA
Dorothy I. Schock Estate
October 18 at West Point, IA
The Patricia Hoenig Estate