| 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 3 of 4
Description
Tract 3 Description:
Tract 3 offers 15.1± acres of industrial ground within the city limits of Park Rapids, on the south end of town. Zoned I-1 Light Industry District, it suits businesses that need room to build or expand, such as a shop, warehouse, contractor yard, or similar light industrial use, subject to the city's permitted uses and approvals.
The ground is mainly flat, which matters most for industrial buyers. Large building pads, parking, truck movement, and outdoor storage all go in easier on level ground, with less site work up front.
At 15.1± acres, there is room for a sizable facility with space left over for a yard area or future expansion. A developer could also look at dividing the ground into smaller industrial sites, if the city approves it.
Bullet Points
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15.1± acres, south end of Park Rapids city limits
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Zoned I-1 Light Industry District
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Mainly flat, well-suited to large building pads and yard space
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Room for a sizable facility with space to expand
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One 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
