NAZIM ALLEY ESTATE REAL ESTATE FOR SALE ON BIDS (01-04)

NAZIM ALLEY ESTATE
REAL ESTATE FOR SALE ON BIDS

TRACT I:    Lot Four (4), the Southwest Quarter of the Northwest Quarter
    (SW1/4 NW1/4) and the West Half of the Southwest Quarter
    (W1/2 SW1/4) lying North of the railroad right-of-way, of Section
    Two (2), in Township One Hundred Sixty (160) North, Range
    Forty-three (43) West of the Fifth Principal Meridian in Minnesota,
    EXCEPTING THEREFROM the following described tract, to-wit:
    Beginning at a point on Northwest Railroad Right-of-Way 297 feet
    Northeast of the West line, thence Northwest perpendicular to rail
    road right-of-way 198 feet, thence Northeast parallel with railroad
    right-of-way 396 feet, thence Southeast to north line of railroad
    right-of-way; thence Southeast on north line of railroad right-of-        way to the point of beginning, containing 119.00 acres, more or less.
    (ID No. 12,0005800)

TRACT II: Lots Seven (7) and Eight (8), of Block Eleven (11) in the Townsite     of West Greenbush, according to the Plat thereof on file and of         record in the office of the County Recorder, Roseau County,
    Minnesota. (ID?No. 52.0024100-Commercial Property)

The commercial property is a brick construction building with a steel roof, 50’ x 70’ with a 6’ overhang in rear and with a full basement beneath. Said property also contains a 20’ x 12’ annex storage building, block construction; and a 24’ x 24’ steel storage building with a 16’ overhead door. Present bakery area in back of bldg. is 27’ x 45’ wide; restaurant seating 22’ x 25’ wide; south side is office area 25’ x 35’.

Sealed bids will be accepted at the Law Office of John M. Carter, P.A. 101 Main Avenue North, P.O. Box 218, Roseau, MN 56751, until Thursday, January 5, 2012 until 10:00 a.m., at which time the bids shall be opened and considered. Those bidders submitted the four (4) highest bids shall have the opportunity to increase their bids orally following the bid opening. Each bidder must indicate the bidder’s name on the outside of their respective bid envelope. The seller, Ferial Abraham, Personal Representative, reserves the right to reject any and all bids, waive any irregularities or negotiate a private sale. Sale is for cash and the successful bidder must furnish 5% of the purchase price as a down payment and enter into a Purchase Agreement on or about January 5, 2012.

Please direct any inquiries to:        John M. Carter
                Attorney for Seller
                101 Main Avenue North
                Post Office Box 218
                Roseau, MN 56751
                Phone: 888-463-2240
                FAX: 218-463-2241

(December 21 & 28, 2011)