OWNER
McIver Trust
AUCTION LOCATION
LandProz.com
or
In-Person at
AuctionCast Studios
1800 Roscoe Avenue, Zumbrota MN
PROPERTY DESCRIPTION
LandProz is pleased to present the New Solar Development Auction in Benton County, MN. This 71.7 +/- Acres will be offered to the public to bid their price via AuctionCast at LandProz.com.
Rare brand-new solar investment opportunity located east of St. Cloud in Benton County, Central Minnesota, featuring approximately 71.7 +/- acres of farmland/development land ownership. The property is part of a very large, approved solar energy project, with brand-new construction scheduled to begin in July 2026. A new long-term solar lease with scheduled increases provides the potential for strong, positive net cash flow, with the first payment estimated for February 2027 at closing. The project is being developed by a large national solar company, with energy being purchased by a very large publicly traded utility company, adding significant strength to the overall opportunity. With proper permitting, excellent relationships with local authorities, potential tax-saving strategies, future appreciation potential, and additional upside, this is a rare turnkey investment opportunity for an investor seeking long-term income and real estate ownership. Buyers have the opportunity to acquire the property at the beginning of its solar income stream, potentially receiving the first payment at closing.
Please contact LandProz Auction Manager Brian Haugen at 507-208-0791 for more information regarding this property.
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PROPERTY FEATURES
• 71.7 +/- Deeded Acres
• Brand NEW rare solar investment opportunity
• East of St.Cloud in Benton County in Central Minnesota
• New long term solar lease with increases and 1st Payment estimated February 2027 at closing
• 71.7 +/- Acres of farmland/development land ownership
• Brand NEW construction starting July 2026
• Part of a very large approved, new construction solar project
• Large national solar company
• Very large publicly traded utility company buying energy
• Strong, positive net cash flow
• Upside potential
• Future appreciation gains
• Proper permitting with excellent local authority relations
• Bid your price
• Tax savings strategies
• Turnkey investment with first payment to buyer at closing
• Rare opportunity to buy a full-length retail solar farm at first payment
• Real Estate Taxes: TBD
TERMS
10% [non-refundable] of earnest money down on the day of the auction or mailed to LandProz Real Estate Trust: 111 East Clark St, Albert Lea, MN 56007 within 3 business days. Earnest money will be held in the listing brokerage escrow account until closing. Only approved bidders will be registered to bid. This is being advertised as a reserve sale, and sellers may choose to accept or reject any and/or all bids. Sellers may choose, at sellers’ sole discretion, during or after the auction sale to deem the reserve lifted on the tract offered, and at that point the tract will be confirmed by the auctioneer. Buyers will need to provide a letter of credit or proof of funds to the auction manager or auction company prior to being approved for bidding. The closing will be on or about February 1, 2027, subject to title and construction of the solar array. First solar income payment estimated in February of 2027 and will go to the buyer at closing. There will be no financing contingencies. Bidding will be dollars per deeded acres of 71.7 +/- acres. The acres may change due to survey or other factors, and the final acres will be updated and multiplied by the auction bid price for the final purchase price at closing. The possession of the property will be upon closing. Please contact the auction manager for more information. Buyers to perform their own due diligence and sellers or seller’s agent do not guarantee building or homesites as the property is being sold as-is where-is with all faults, and that seller or seller's representative is not making any warranties or representations of any nature, whether express or implied, nor do any agents of seller make any warranties or representations of any nature, whether express or implied, with no guarantees. Any statement made on the day of the auction takes precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee its accuracy.
CONFIDENTIALITY OF DUE DILIGENCE MATERIALS
As a condition of becoming a Registered Bidder and receiving access to due diligence materials concerning the Property, Bidder acknowledges and agrees that all due diligence materials furnished by Seller, Seller’s representatives, Auction Company, Broker, or their agents (the “Confidential Information”), including but not limited to agreements, easement agreements, lease agreements, payment histories, revenue information, operating information, surveys, title materials, financial records, maps, reports, correspondence, and other property-related documents, are confidential and proprietary.
Bidder shall use the Confidential Information solely for the purpose of evaluating the Property and determining whether to participate in the auction and purchase the Property.
Bidder shall not disclose, distribute, copy, reproduce, publish, transmit, or otherwise make available any Confidential Information to any person or entity except Bidder’s attorneys, accountants, lenders, financial advisors, consultants, and agents who have a legitimate need to review such information for purposes of evaluating the Property and who agree to maintain the confidentiality of such information.
Bidder shall not post, publish, or distribute any Confidential Information through any public medium, including social media, websites, marketing materials, electronic communications, or industry publications.
If Bidder elects not to purchase the Property, or upon request by Seller or Auction Company, Bidder shall promptly destroy or delete all Confidential Information and any copies thereof, except as required to be retained by law or in the ordinary course of professional recordkeeping.
Seller and Auction Company make no representation that disclosure of the Confidential Information is authorized by any third party. Bidder acknowledges that certain materials may contain confidential information belonging to third parties and agrees to maintain the confidentiality of such information.
The obligations contained in this provision shall survive the conclusion of the auction regardless of whether Bidder submits a bid or purchases the Property.
Bidder specifically agrees that any wind energy easement agreements, amendments, payment schedules, revenue statements, annual payment information, operator correspondence, and related documents provided during due diligence shall be treated as confidential information and shall not be disclosed to any third party except as expressly permitted herein.
