731 Main Street, Wabasso, MN 56293

$25,100
Property Type: Commercial Lot Size (sq. ft.): 15,246 Status: Closed
Current Price: $25,100 List Date: 7/09/2024 Last Modified: 9/11/2025

Overview

Description

TERMS: Successful bidder will be required to enter into an “AS IS”, non-contingent purchase agreement and pay $5,000 non-refundable earnest money down payment the day of auction. A 5% Buyers Premium shall be added to the highest accepted bid and constitute the purchase price. Balance is due with certified funds on or before August 30, 2024, the date of closing. Buyer shall accept the existing month to month lease with the current tenants and negotiate any new lease or extension. Seller makes no guarantees that the current tenants will enter into a new lease. Possession is the date of closing. Seller shall pay current any delinquent real estate taxes. Real Estate Taxes on the 2024 tax statement shall be pro-rated to the date of closing. Buyer to accept 2025 and thereafter. Property is sold subject to Owner Confirmation. Seller reserves the right to reject or negotiate any and all bids or waive any informalities or irregularities in the sale process and control all rules and pr ...

Listing Details MLS# 6565809

General Property Information

Buyer’s Premium?
Yes
Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
4
Owner Occupied
No
Year Built
1926
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
10445
Garage Stalls
Yes
For Sale or Lease
For Sale
Acres
0.35
Lot Dimensions
120x130
Assessment Pending
Unknown

Property Features

Accessible: None Air Conditioning: Central Air CMU Style: Office Construction Materials: Brick; Frame Construction Status: Previously Owned Current Use: Business Service Exterior: Brick/Stone Financing Terms: Cash Fuel: Propane Heating: Forced Air Loan Terms: Cash Lot Description: Corner Lot Miscellaneous Information: Overhead Doors On Site Utilities: Electric Common Parking Characteristics: Parking Lot Potential Use: Office; Professional Road Frontage: City Street; Paved Streets; Sidewalks Roof: Rubber Sewer: City Sewer/Connected Stories: One Topography: Level Water: City Water/Connected

Contract Information

Auction Type
Reserve
Off Market Date
2024-08-09
Closed Date
2024-08-29
Sales Close Price
25100
Contingency
None
ListPrice
Yes
Owner is an Agent?
No
Auction?
Yes

Location Tax and Other Information

House Number
731
Street Name
Main
Street Suffix
Street
Postal City
Wabasso
County
Redwood
State
MN
Zip Code
56293

Assessments

Assessment Balance
244.3
Tax With Assessments
2804

Basement

Foundation Dimensions
130x89x55x14x75x74

More Information

Building Information

Building Finished SqFt
3750
Building SqFt
10445

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No
Overhead Doors
Yes

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Land

Unit 1

Unit Number
Yes
Monthly Rent
1200
Unit Total SqFt
10445
Leased?
Yes
Lease Expiration Date
2012-12-17

Unit Details

Total Units
Yes

Office/Member Info

Association
WCAR

Location, Tax and Other Information

Legal Description
ORIGINAL LOTS 10 THRU 13 & W 20' LOT 14
Listing City
Wabasso
Map Page
999
Municipality
Wabasso
School District
Wabasso
School District Phone
507-342-5114
Zip Plus 4
3480
Property ID Number
932000140
Tax Year
2024
Tax Amount
2559.7
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No
Auctioneer License
64-06

Directions & Remarks

Public Remarks
TERMS: Successful bidder will be required to enter into an “AS IS”, non-contingent purchase agreement and pay $5,000 non-refundable earnest money down payment the day of auction. A 5% Buyers Premium shall be added to the highest accepted bid and constitute the purchase price. Balance is due with certified funds on or before August 30, 2024, the date of closing. Buyer shall accept the existing month to month lease with the current tenants and negotiate any new lease or extension. Seller makes no guarantees that the current tenants will enter into a new lease. Possession is the date of closing. Seller shall pay current any delinquent real estate taxes. Real Estate Taxes on the 2024 tax statement shall be pro-rated to the date of closing. Buyer to accept 2025 and thereafter. Property is sold subject to Owner Confirmation. Seller reserves the right to reject or negotiate any and all bids or waive any informalities or irregularities in the sale process and control all rules and proced
Directions
Main Street Wabasso

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Construction Materials

Brick
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Financing Terms

Cash
Yes

Fuel

Propane
Yes

Heating

Forced Air
Yes

Lot Description

Corner Lot
Yes

Parking Characteristics

Parking Lot
Yes

Road Frontage

City Street
Yes
Paved Streets
Yes
Sidewalks
Yes

Roof

Rubber
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Topography

Level
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes

CMU Style

Office
Yes

Current Use

Business Service
Yes

Loan Terms

Cash
Yes

Potential Use

Office
Yes
Professional
Yes
IDX
Listing Office: Kerkhoff Auction & Real Estate
Last Updated: September - 11 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.