Absolute No Minimum Bid Real Estate Auction
4 acres of prime commercial property at the high-traffic corner of Highway 23 & Highway 47.
Income Potential: $3,375 annual rental income from two billboard leases.
Utilities: City water and sewer available along Hwy 47.
Endless Possibilities: Excellent site for a car lot, gas station, retail, or your next business venture.
This is a rare investment opportunity—property will sell absolute, regardless of price!
Auction Terms & Details
Terms: Property sells without reserve. All information is deemed reliable; buyers are responsible for verifying all details.
Eligible Bidders: Anyone 18 years or older (sane and sober) with the intent to purchase may bid.
Down Payment: $20,000 non-refundable down payment due at signing; balance due at closing.
Auction Ending: Scheduled to close at 8:00 PM CDT. Auction will extend if bids are placed within the final minutes, continuing until no bids are received for 3 minutes.
Closing: On or before December 6th at Home Security Abstract & Title, Milaca.
Buyer’s Premium: 6% buyer’s premium added to the high bid to determine the contract price.
Example: High bid $100,000 + $6,000 premium = $106,000 contract price.
Purchase Agreement: Buyer must sign purchase agreement and deliver earnest money within 48 hours of notification.
Broker Participation: Available—call Hiller Auction for details. Brokers/agents acting as principals are not eligible.
Listing Agent: Dan Hiller, Hiller Auction Inc.
Terms: This property is being sold with out reserve. All information is deemed reliable; however, it is the buyers’ responsibility to verify all information.
Eligible Bidders: Anyone 18 years of age (sane and sober) or older may bid on this property with the sole intent of purchasing.
Down Payment: $20,000 down payment Non-refundable due at signing with the balance due at closing.
Auction Ending Time: The scheduled ending time is 8pm CDT. However, it will extend if there is bidding in the final minutes and extend as many times as necessary until there is no bidding for 3 minutes.
Broker Participation: Available, call Hiller Auction for details. Brokers and/or Agents acting as a principal in this transaction are not eligible for broker participation.
Closing: On or before November 31st at Home Security Abstract & Title in Milaca.
Buyers Premium: A 6% buyer’s premium will be added over and above the high bid price. This will equal the contract price. Example: A bid of $100,000 + 6% or $6,000 = $106,000 contract price.
Signing of Purchase Agreement: Buyer will have 48 hours after being notified to sign the purchase agreement and deliver an earnest money check to Hiller Auction Inc.
Listing Agent: Dan Hiller with Hiller Auction
