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Keywords:
ELY REAL ESTATE ONLINE AUCTION - CLOSED
Date & Time: AUCTION STARTS CLOSING - TUESDAY, OCTOBER 22, 2013 AT 7:00 P.M. CST
Location:
111 South 4th Ave. E.
ELY, MN 55731

Highlights: "ABSOLUTE AUCTION" NO MINIMUM NO RESERVE BEING SOLD TO THE HIGHEST BIDDER

This stone and brick building was built in 1933 as the home for the American Fraternal Union. The AFU was founded in 1898 to sell Life, Health and Accident Insurance. The building was dedicated later as a "grateful tribute to the members who served in defense of their country in World War II 1941 - 1945 and in memory of the ninety four members who made the supreme sacrifice."

GREAT FOR MINI SHOPS, MANUFACTURING, OR MANY OTHER USES!


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Categories: CLICK HERE TO VIEW AND BID (1)
Notes: INSPECTION:

Sunday October 13, 2013 from 12:00 P.M. to 3:00 P.M.
and
Sunday October 20, 2013 from 3:00 P.M. to 6:00 P.M.

PAYMENT:
TERMS: $7000 down within 24 hours of close of the sale, balance due within 30 days.
THIS PROPERTY IS BEING SOLD "ABSOLUTE" TO THE HIGHEST BIDDER!

PROCEDURE:
Online Bidding Only. The auction will start to close at 7:00 PM Tuesday,
October 22, 2013
. In addition
there will be Extended Bidding, which means items that have bids placed
within 5 minutes of its closing time, the time will extend for 5 minutes.
This will continue until there is no activity for 5 minutes.

Terms: The property is to be sold in "As is Where is" condition. All information and Dimensions are believed correct but are not guaranteed. Buyers shall rely on their own Information, judgment, and inspection of the Property

BIDS CANNOT BE RETRACTED ONCE PLACED.

PROPERTY CONDITION, DISCLAIMER, AND ABSENCE OF WARRANTIES:
This property is selling subject to any existing right-of-way easements, reservation of any mineral rights to the State of Minnesota, encroachments, zoning regulations, governmental agencies' regulation, leases, deed restrictions, and any applicable state or local laws.
This property is selling "as is" condition without warranties, guarantees or representation of any, either expressed or implied. Neither the Seller, its attorneys, any broker nor the Auction company personnel shall be liable for any damages, rescission, reformation, allowance, or adjustment based on the failure of the property, appliances, square footage, zoning, floor plans, ect., to conform to any specific standard or expectation.

It is the purchasers responsibility to conduct his/her own independent inspections, investigations, inquiries, and due diligence concerning the property offered for sale. Information is subgect to verification by all parties relying on it. All information and dimensions were derived from sources believed correct, but are not guaranteed.

REAL ESTATE TAXES:
Taxes due and payable in the year of closing shall be prorated to the date of closing.

TITLE:
Seller shall deliver an insurable title with no liens. Seller shall provide a limited warranty deed.

CLOSING AGENT:
Sellman Law Office
Hibbing, MN

POSSESSION:
The day of closing.

BUYER'S PREMIUM:
There will be a 10% buyer's premium added to the high bid amount. The high bid amount plus the 10% buyer's premium equals the purchase price.

WINNING BIDDER:
In the event you are the winning bidder, a down payment in the amount of $7000 and a signed Real Estate purchase agreement will be due within 24 hours of Auction Close. Balance due in 30 days of Auction Close or before as set forth in the Real Estate purchase agreement. Down payment must be made payable to "Edge Properties Trust". In the event the purchaser fails to close, the down payment will be retained by the Seller as liquidated damages.

You must read our terms and conditions and register before bidding on this Auction.

At The Close of The Auction Active Items Will Remain Open Until No Bids Have Been Received for Five Minutes.

Directions:
Contact: Do-Bid.com
4937 Spirit Lake Rd
Mountain Iron MN 55768
Phone: 800-843-3050
Fax: 218-735-8564
info@do-bid.com Web-page
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