Tuesday, May 7 4 pm Sealed Bid Deadline
703 North Main Street
Pine Island, MN 55963


Monday, April 22 • noon to 2:00 pm
Monday, May 6 • noon to 2:00 pm
Other times by Appointment



Former Fast Food Restaurant with Drive-Thru

2,384 Sq. Ft. Building on .45± Acres

Double Pane Windows • Ceramic Floors
Roof Mounted Heat/Air Conditioning Forced Air System
Vent Hoods w/Fire Protection
Walk In Cooler • Security System
1-600 AMP 3-Phase, 2-200AMP, 1-100 AMP Electrical Panels

22 Parking Spaces in the Asphalt Parking Lot

Built in 1996

City Water & Sewer
Zoned C-2, Highway Commercial

Great High Traffic Location on North Main Street

Parcel Number: 68.400.0011
County: Goodhue /SD255
Subdivision: Hills C Addition Lots 1-3- Plat: 68400
Lot Sq. Ft.: 23,986; Acres: .45
Property Taxes: $9,752

Pine Island Economic Development Authority
Devin Swanberg, Executive Director
(507) 356-8103, pieda@bevcomm.net

Also included in the May 7th Sale:
Platted Land (12 Res/3 Comm), Dodge Center, MN
3.81± Acres Development Land, Dodge Center, MN
2.56 ± Acres Development Land, Dodge Center, MN
Half-Acre Corner Lot, Dodge Center, MN


Broker Participation

Broker Participation is welcome but not required. A 2% commission will be paid to the licensed broker who, at the time of registration, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest, is not entitled to a commission.

Payment Information

Sealed bids will be received by Maas Companies until Tuesday, May 7, 2019 at 4:00 pm CDT. After this time, the seller of the applicable property, in its sole discretion, may either declare one (or none) of the bidders the winner and the auction process ended or may invite the high bidders to participate in a limited live auction. Should the auction process continue to a limited live auction, the event will be held on Friday, May 10 at 11:00 am CDT. Buyers will be able to participate via phone. Buyers are strongly encouraged to submit their highest and best offers by May 7. Neither seller is obligated to accept any bid or offer, and no bid or offer will be binding on a seller until the seller has entered into a fully executed purchase agreement for the property.

Full Terms

Selling Subject to Owner Confirmation and Subject to Prior Sale. Selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. See Bidder Kit for complete terms.

In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.

Principal Auctioneer, Tyler Maas #55-145; Diane Maas, President.