ONLINE ONLY LAND AUCTION - Little Cormorant Lake - Becker County, MN - 92 Acres with Lake Frontage

Peoples Company and Spilde Summer Realty are pleased to bring to market this expansive 92 acre lot (M/L) on the shores of Little Cormorant Lake. This property will be sold as two (2) tracts. Tract 1 offers a unique blend of privacy and access, perfect for a future home or retreat. Featuring 1850 feet (M/L) of lake frontage, the property boasts stunning views and a gentle slope down to the lake, ideal for lakeside enjoyment. Mature trees line the southern edge, providing a natural barrier and adding to the secluded feel. Tract 2 is a 9 acre farmstead M/L that has mature trees and good access. There is power to the farmstead. Meadowland Surveying will be completing the farmstead survey. These tracts are located on 190th Ave, just a short drive south of Audubon, MN. This land offers both the tranquility of nature and the convenience of nearby amenities. It’s an exceptional opportunity for those looking to build a lakeside getaway or invest in prime Minnesota land. Bidding will begin on Monday, December 9th 20,24 at 8:00 AM and end on Thursday, December 12th, 2024 at 11:00 AM. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all the bidding is completed. How to Bid: Open up the Peoples Company auction you are interested in at PeoplesCompany.com. Click on any of the BID NOW icons within that auction. This will take you to our Online Bidding platform. Find the auction you wish to participate in and select it. To participate in that auction click REGISTER TO BID. From there you will need to create a bidder account. Once that is created you can bid on any of our Online Auctions. Contact: Lindsey Brown with Peoples Company at 701-371-5538 or Lindsey@PeoplesCompany.com Legal Description Tract 1: NW1/4 NE1/4 & Lot 2 Less 6 Rods and 9 acres farmstead M/L (being surveyed by Meadowland Surveying) in 33-139-42 in Becker County, MN (83 acres M/L) Tract 2: 9 acre farmstead M/L in 33-139-42 in Becker County, MN (TDB by Meadowland Survey) The exact legal descriptions will be taken from Survey, Abstracts or Title work. Directions: In Audubon, MN at the intersection of Highway 10 and County Highway 11, drive south on Highway 11 for 2.8 miles to 190 Ave. Then turn right on 190th Ave and drive west for 1/2 mile. This will put you at the middle of the property on the it's north side. (Watch for the Peoples Company signs) Auction Terms & Details: Little Cormorant Lake, Becker County, Minnesota - Online Only Auction 92 Acres M/L being sold as 2 tracts. Bidding starts: Monday, December 9th, 2024 at 8:00 A.M. (CDT) Bidding ends: Thursday, December 12th, 2024 at 11:00 A.M. (CDT) Sellers: Robert Olek and Brad Olek Tract 1: NW1/4 NE1/4 & Lot 2 Less 6 Rods and 9 acres farmstead M/L (being surveyed by Meadowland Surveying) in 33-139-42 in Becker County, MN (83 acres M/L) Tract 2: 9 acre farmstead M/L in 33-139-42 in Becker County, MN (TDB by Meadowland Survey) Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/.... Potential bidders will be accessing this auction online by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform. Offering Becker County, Minnesota land through an ONLINE ONLY auction where all bidding must be done online through Peoples Company's bidding application. Bidding will go live on Monday, December 9th, 2024 at 8:00 A.M. and will remain open until Thursday, December 12th, 2024 at 11:00 AM Central Time Zone (CDT) with closing taking place on or before January 16, 2025. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all the bidding is completed. If you plan to bid, please register 24 hours prior to the close of the auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the internet service fails to work correctly before or during the auction. Tract 1 will be bid on a dollar amount per deeded acre (83 acres M/L) Tract 2 will be bid on a lump sum dollar amount. (9 acres M/L) Earnest Money Payment & Possession: A 10% earnest money payment is required upon the conclusion of the auction. The earnest money payment may be paid in the form of a check or wire transfer. All funds will be held in the Minnesota Title Company's Trust Account. This property is under a cash rent contract for the 2024 cropping season. Closing: Closing will occur on or about January 21, 2025. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers. Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Minnesota Title Company's Trust Account, the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing. Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Disclaimer: All property boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall property characteristics may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from Abstract.