Minnesota Land Auctions

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Xxxx 340th Street, Florence Twp

$1

Xxxx 340th Street, Florence Twp

88 Acres Land MLS® # 6498375

Land Auction will be on April 10, 2024 at 11:00am. This tillable cropland is located in Southeastern Minnesota near Red Wing and Lake City MN. The farm is located in Sections 31 of Florence ...

LandProz Real Estate, LLCRegional Multiple Listing Service of Minnesota Logo

Pending
Lot 2 270th Street, Stokes Twp

$1

Lot 2 270th Street, Stokes Twp

80 Acres Land MLS® # 6483502

Come take a look at this 80 acres located between Roseau & Badger! The parcel is surrounded by tillable acreage on all sides. This is a perfect opportunity to own a piece of whitetail paradi...

Tru North AuctionsRegional Multiple Listing Service of Minnesota Logo

Active
Tbd 270th Avenue, Erhard

$1

Tbd 270th Avenue, Erhard

40 Acres Land MLS® # 6498707

AUCTION! PROPERTY PREVIEW: SATURDAY, March 30 from noon to 4pm and SUNDAY, April 7 from noon to 4pm. AUCTION DATE: April 11, 2024 @ 1pm. Auction Location: Underwood Comm Center 120 S Main...

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Active
Xxxx Laser Avenue, Delhi Twp

$1

Xxxx Laser Avenue, Delhi Twp

135 Acres Land MLS® # 6491295

Land Auction will be on March 13, 2024 at 1:00pm. This property offers a unique opportunity for those interested in conservation and wildlife. The land is enrolled in a CREP contract and you...

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Active
Xxxx Laser Avenue, Delhi Twp

$1

Xxxx Laser Avenue, Delhi Twp

150 Acres Land MLS® # 6491222

Land Auction will be on March 13, 2024 at 1:00pm. Introducing a fantastic opportunity for farmers and investors alike! This beautiful farm features 121.74 +/- of productive tillable, along w...

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Pending
52901 160th Street, Walnut Lake Twp

$1

52901 160th Street, Walnut Lake Twp

6 Acres Farm MLS® # 6489589

Land Auction will be on February 28, 2024 at 10:00am. This barn was built in 2007, it is a 51' x 392' farrow to finishing barn and holds 2,500 head. With a 1.2 million gallon pit with adequa...

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Active
Xxxx 220th Street, Willow Lake Twp

$1

Xxxx 220th Street, Willow Lake Twp

82 Acres Land MLS® # 6489510

Land Auction will be on March 13, 2024 at 10:00am. This farm features 82.31 +/- deeded acres and is located in the E½ of the NW¼ of Section 3 in Willow Lake Township, Redwood County, MN. Thi...

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Pending
20621 County Road 11, Sleepy Eye

$1

20621 County Road 11, Sleepy Eye

65 Acres Land MLS® # 6489418

Land Auction will bThis property right off a black top road at the intersection of Brown County 11 and County 25 just southwest of New Ulm, MN is paradise for many people with different feat...

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Active
Xxx Hwy 12, Benson

$1

Xxx Hwy 12, Benson

37 Acres Land MLS® # 6486272

Timed Online Only Auction March 4 - March 8, 2024. 34.4 (+-) Deeded Acres divided by US Hwy 12 and Railroad. 33.58 Tillable Acres...

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Pending
62500 120th Street, Adams Twp

$1

62500 120th Street, Adams Twp

3 Beds 3 Baths 225 Acres 3,220 SqFt Farm MLS® # 6480162

Auction Date: March 7, 2024 10AM at American Legion, Adams MN - 1% Buyers Premium Here is your chance at a great investment opportunity or to add more acres to your farm. This 227 +/- acre f...

Midwest Property ConnectionsRegional Multiple Listing Service of Minnesota Logo

Active
Section 30 Framnas Township, Morris

$1

Section 30 Framnas Township, Morris

82 Acres Land MLS® # 6484544

ONLINE ONLY AUCTION ENDING APRIL 1ST, 2024 @ 11:00am. Total of 81.89 ACRES. Excellent Tillable farmland with CPI of 92.5. Any interested buyers can obtain an information packet by calling o...

Zielsdorf Auction & Real EstateRegional Multiple Listing Service of Minnesota Logo

Pending
Lot 1 270th Street, Stokes Twp

$1

Lot 1 270th Street, Stokes Twp

120 Acres Land MLS® # 6483547

Tillable acreage located between Roseau & Badger! Nice piece of tillable acreage, Seller had wheat in the field for the 2023. Field has been turned over and will be ready for the 2024 planti...

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Pending
Tbd Se 1/4, Crookston

$1

Tbd Se 1/4, Crookston

138 Acres Land MLS® # 6478435

138 acres of highly productive farmland located 1 mile SE of Crookston Mn. This farm is conveniently located right off Hwy #9, one-half mile south of US # 2. This farm will be sold on auct...

RE/MAX BemidjiRegional Multiple Listing Service of Minnesota Logo

Pending
Xxx 215th St., Collinwood Twp

$1

Xxx 215th St., Collinwood Twp

14 Acres Land MLS® # 6480925

This is "Tract 2" of a 2 tract auction. This is a split of an existing parcel (tract 1 will be to the south) and a building eligibility will be called out and preserved for this tract on th...

Whitetail Properties RealRegional Multiple Listing Service of Minnesota Logo

Pending
Xx 215th St, Collinwood Twp

$1

Xx 215th St, Collinwood Twp

64 Acres Land MLS® # 6480881

This is tract 1 of a 2 tract auction. This is a tillable tract that lies south of 215th St. and totals approx. 64.4 +/- acres with 62.28 +/- FSA tillable acres. The average overall CPI rat...

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As of March 19, 2024 there are 21 active Minnesota Land Auctions land & farm listings for sale with an average listing price of $1. The highest-priced land listing is $1, while the lowest priced land listing can be purchased for $1. Minnesota Land Auctions land & farm listings have an average price of $0 per acre, based on land listings with an average of 98 acres.

Land Auctions in Minnesota - Explained.

Land auctions are a popular method of buying and selling real estate, where interested buyers gather in one location (or submit bids online) to bid on a piece of land. Auctions can offer many advantages over traditional real estate transactions, such as transparency, competitive pricing, and speed of sale. In this article, we will explore the basics of land auctions and what buyers and sellers can expect.

What is a land auction?

A land auction is a public sale where interested buyers compete to purchase a piece of land. The auction is typically held in a designated location, such as a conference center or public hall, and is run by an auctioneer who oversees the bidding process. The auctioneer will start the bidding at a minimum price and buyers will place bids until the highest bidder is declared the winner.

Types of land auctions

There are several types of land auctions, each with its own rules and procedures. The most common types of land auctions include:

Absolute auction: In an absolute auction, the property is sold to the highest bidder, regardless of the price. This type of auction is typically used when the seller wants to sell the property quickly and is willing to accept any offer.

Reserve auction: In a reserve auction, the seller sets a minimum price for the property, and the auction will only proceed if the bidding reaches that minimum price. This type of auction is commonly used when the seller has a specific price in mind for the property.

Minimum bid auction: In a minimum bid auction, the seller sets a minimum bid price, and the bidding will only start at that price. This type of auction is often used when the seller wants to ensure a certain level of interest in the property.

How to participate in a land auction

To participate in a land auction, interested buyers must register with a real estate agent, the auction house or auctioneer. They will then receive a bidder number, which they will use to bid on the property. Buyers should research the property and familiarize themselves with the terms and conditions of the auction before attending.

Benefits of land auctions

Land auctions offer several benefits to both buyers and sellers. For buyers, auctions provide a level of transparency and fairness, as all bids are made in public, and buyers can see who they are competing against. Additionally, auctions often result in a lower purchase price, as buyers are competing against each other to purchase the property.

For sellers, auctions offer a fast and efficient way to sell their property. Unlike traditional real estate transactions, auctions can be completed within a matter of weeks, and the seller can receive a fair market value for their property.

Conclusion

Land auctions are an effective way to buy or sell real estate, offering benefits such as transparency, competitive pricing, and speed of sale. Whether you are a buyer or seller, it is important to do your research and understand the different types of auctions and their procedures. By working with a reputable agent and auctioneer, you can ensure a fair and efficient transaction.