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Fire Sale on a Turn Key Golf Course!! |
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Watch this Listing
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Listing ID: 112803 |
Status: Deleted
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Starting Bid: |
$195,000 (Reserve NOT Met) | |
Number of Bids: |
0 Bid History | |
High Bidder: |
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Bidding Opens: |
Feb 09, 2010 2:10 PM |
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Bidding Ends: |
Mar 14, 2010 9:00 PM
(Central)
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Starting Bid: |
$195,000 |
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Contact: |
John Gustafson |
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--- PLACE YOUR MAXIMUM BID --- |
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| PROPERTY NAME: |
The Greens at Howard Lake |
| TYPE: |
Public Golf Course |
| LAND AREA: |
78.37 Acres |
| # OF TEES: |
21 |
| RATING: |
white 69.2 slope rating 119 course rating 35.4 |
| TOPOGRAPHY: |
Rolling |
| SIZE OF BUILDING: |
36 x 90 Clubhouse/Maintenance Building |
| EMPLOYEES: |
3 |
| ROUNDS PER YEAR: |
3000 - 4000 |
| ZONING: |
Single Family Residential – 10,500 SF Min. Lot Size |
| UTILITIES: |
Private, City Services Available |
| IRRIGATION SYSTEM: |
Toro automatic valve and head system using two drilled 6' wells with a storage pond |
| REAL ESTATE TAXES: |
$8,300 |
Great opportunity within the city limits of Howard Lake, a growing community only 35 miles west of Minneapolis on Hwy 12.
This 9 Hole 3,319 yard Par 36 course built in 1995 features undulating greens and water hazards coming into play on two holes. The signature hole is #7, a 147-yard, par 3, requiring a tee shot over a pond to a green with mounds guarding the right side and a wooded area in back. Blue grass on fairways and bent grass on the greens. There are 12 leased carts. Also has a driving range with 10 tees and practice chipping/sand areas. SALE INCLUDES LAND, BUILDING, EQUIPMENT & BUSINESS. Equipment list will be provided upon request. This is a perfect opportunity for the hands off buy and hold land investor. The site is zoned residential and could be platted into as many as 180 single family lots. Lease the golf course as an interim use to cover holding costs.
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----- No Bids for Auction ----- |
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Thank you for participating in this online auction. It is important that you familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding! Do not bid until you have read the following terms and conditions. By bidding you are representing to us that you have read and agree to be bound by the terms and conditions for this sale as stated herein. If you do not agree with any of the terms and conditions stated DO NOT BID or you will be bound by those terms and conditions. By bidding you agree to all disclosures. - To bid on our property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
- While auction is "active", all bids MUST be placed online. Winning bid is subject to seller approval. Winning bidder will be given the first opportunity to purchase the property.
- All bids are placed in US Dollars.
- If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
- The bidding will be open and everyone will have access to the bid history during the auction.
- As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
- If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
- The high bidder will be notified via email after the auction ends.
- Property is for sale through other sources and Seller reserves the right to postpone or cancel this auction at any time for any reason.
- Sale is “as-is”, "where-is". Personal viewing is encouraged.
- DO NOT BID IF YOU DO NOT INTEND TO CONSUMMATE THE SALE. There will be consequences to unethical bidders.
- Within 1 day of auction close, winning bidder will be asked to obtain loan pre-approval or show proof of funds and sign a sales contract at the winning bid amount and based on the terms described here.
- Closing will take place at a mutually agreeable title company within 30 days of signing the contract.
- When contract is signed, winning bidder will pay $1000 earnest money within 48 hours to be held in escrow by Coldwell Banker Commercial Orion.
- Winning bidder may, at their option and expense order a title examination and insurance.
- Seller will include the following personal property in the sale: None
- Seller will exclude the following real property from the sale: None
YOU ARE ENTERING INTO A BINDING CONTRACT. THERE ARE NO REFUNDS OR BID CANCELLATIONS. THE REGISTERED BIDDER IS PERSONALLY RESPONSIBLE, LEGALLY AND FINANCIALLY FOR ALL AUCTION ITEMS BID UPON WHETHER REPRESENTING ONE'S SELF OR ACTING AS AN AGENT. AN ONLINE BID ACCEPTED AT PUBLIC AUCTION IS A LEGAL AND BINDING CONTRACT TO PURCHASE. ANY BIDDER WHO FAILS TO CONSUMATE A PURCHASE WILL BE BANNED FROM BIDDING AT ALL FUTURE SELLER AUCTION EVENTS AND MAY BE PURSUED FOR CIVIL AND/OR CRIMINAL VIOLATIONS.
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