53 Acres (subject to survey) 2 Tracts Wednesday, September 18, 2019 at 5:00 P.M.
Auction Venue: Chamber of Commerce, 530 Wilson Ave NW, Faribault, MN 55021
Location: The Lorentson Property is located in Section 35, Wells Township, Rice County, MN. In Faribault, MN at Exit 56 on US Interstate 35, proceed west on St. Hwy. 60 (Morristown Blvd.) to 38th Ave NW. Turn left or go south and go a short distance to the property. (Be watching for presale directional signs)
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
David Hvistendahl Hvistendahl, Moersch, Dorsey & Hahn P.A. 311 Water St. S. Northfield, MN 55057 Phone: (507) 645-9358
Auction Manager: Jim Huff (319) 931-9292 MN Broker # 40632445