| Date | December 7, 2026, 10:00 am (America/Chicago) |
|---|---|
| Tracts | 1 of 4 |
| Type | Live with online bidding |
| Tract Status | Active |
| Auction Location | American Legion, 900 1st St E, Park Rapids, MN 56470 |
Tract 2 of 4
Description
Tract 2 Description:
Tract 2 is the largest of the four tracts: 25.8± acres of residential ground within the city limits of Park Rapids, on the south end of town. It is zoned R-3 Medium Density Residential, which allows single-family homes, two-family homes, and twin homes. That gives a developer the flexibility to plan a mix of housing types on one site, subject to the city's lot requirements and approvals.
At this size, the tract fits a full residential development built out in phases, rather than a handful of lots. The ground is mainly flat, which simplifies planning streets, lots, and building sites, and helps keep development costs in check.
Buyers looking for an even larger footprint can combine Tract 2 with any of the three neighboring tracts, which together total 50.6± acres of residential and industrial ground.
Bullet Points
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25.8± acres, south end of Park Rapids city limits
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Zoned R-3 Medium Density Residential
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Allows single-family, two-family, and twin homes
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Mainly flat, well-suited to subdivision and phased development
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Largest of four tracts, 50.6± acres total available
Terms of Sale
BUYERS PREMIUM: No buyer’s premium or internet fees
TAXES: Prorated to date of close
TENANCY: Open tenancy for 2027
RENTS: Seller shall retain 2026 rents
MINERALS: State most likely owns
CLOSING COSTS: Buyer pays title search and title insurance. Closing costs split
CLOSING DATE: On or before 30 days from seller acceptance
DOWN PAYMENT: 10%
POSSESSION DATE: At closing
SURVEY: Seller to pay for survey
SELLER: McGrane
SALE ORDER: By the acre
SALE METHOD: Sells Subject to seller acceptance
Licensing
IN COOPERATION WITH WHITETAIL PROPERTIES REAL ESTATE LLC (40316821)
Jeff Evans, Minnesota Broker, License # 40316820
Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332
Jason Ziegler, Minnesota Land Specialist for Whitetail Properties Real Estate, LLC, 701.367.2376
Nate Anderson, Minnesota Land Specialist for Whitetail Properties Real Estate, LLC, 701.412.3526
