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McLeod County - Advertisement for Bids

McLeod County

Advertisement For Sealed Bids
September 23, 2021 through
October 18, 2021 at 12:00 p.m.

MCLEOD COUNTY LAND AND PROPERTY FOR SALE TOTALING 1.73 ACRES, MORE OR LESS, INCLUDING PID 220605140 (214 – 6 TH STREET, GLENCOE, MINNESOTA), PID 220605130 (212 – 6 th STREET, GLENCOE, MINNESOTA), AND PID 220604695 (FORMERLY 1.4 ACRES OF PID 220604690 LOCATED WEST OF CHANDLER AVENUE N. AND MINNESOTA HIGHWAY 22).
Sealed bids will be received up to 12:00 p.m. on October 18, 2021 at the McLeod County Government Center, 520 Chandler Avenue N., Glencoe, MN 55336 for the sale of the property and vacant land listed and owned by County of McLeod. Sealed bids must be delivered to the McLeod County Government Center during business hours (Monday – Friday, 8:00 am to 4:30 pm). The property and vacant land listed will be sold as one unit. The vacant land is generally described below: Lots 1, 4, 5, 6, and 7 of Block 85, Town of Franklin all of which lands are situated in the city of Glencoe, all located in the County of McLeod, State of Minnesota. Together with any vacated streets and alleys lying adjacent thereto. The property and vacant land (which would be split from the current parcel upon sale since it shares a parcel number with the McLeod County Government Center) consists of one (1) single family home structure and one (1) detached garage structure located at PID 220605140, one (1) single family home structure and one (1) detached garage structure located at PID 220605130, and the vacant land described above. There is pending easement and acquisition work on Minnesota Highway 22 with the Minnesota Department of Transportation Highway 22 improvements that could affect up to ten (10) feet of the portion of street front property adjoining the highway on Chandler Avenue N./Minnesota Highway 22, along with removal of one (1) access point to the property from Chandler Avenue N./Minnesota Highway 22 (see online packet for more information; easement definition and acquisition are expected to be completed prior to sale closing). All sealed bids received will be opened and reviewed at 8:30 a.m. on October 19, 2021 in the Martin McLeod Boardroom prior to the McLeod County Board of Commissioners Meeting at the McLeod County Government Center, 520 Chandler Avenue N., Glencoe, Minnesota. Only persons submitting a written bid will be allowed to be present at the sale. Anyone submitting a written bid will be allowed to bid on the parcel up for sale and raise their bid after the bids have been opened. The purchase agreement must include a preapproval letter for any financing. The minimum bid is $310,000.00. The successful bidder shall be prepared to execute a Purchase Agreement on the date of the sale and make a down payment of at least $5,000.00 with the balance due at agreed upon closing date. At the time of closing, a Limited Warranty Deed accompanied by evidence showing marketable title will be delivered to this successful bidder. Possession of the real estate will be delivered at the time of closing subject to the existing month-to-month rental agreement for the tenant occupying 214 – 6 th Street, Glencoe, Minnesota (PID 220605140). The real estate taxes due and payable in 2021 shall be paid by the Sellers. Real Estate Taxes payable in the year 2022 and thereafter shall be paid by the Buyer. All of the above property is being sold "AS IS" subject to all easements, agreements and restrictions of record. The Sellers reserve the right to reject any and all bids, to waive any irregularities in the bidding, and to accept bids in a manner they determine will be in their best interest.

Land information and sale procedure information is available on our website, at www.co.mcleod.mn.us, or, by contacting Sheila Murphy at sheila.murphy@co.mcleod.mn.us, or, Scott Grivna at scott.grivna@co.mcleod.mn.us.

(Published in The McLeod County Chronicle September 29, and October 6, 13)