DULUTH, MN (KDAL) – St. Louis County is holding an online auction for properties from its former shoreland lease program.
The auction is open now on publicsurplus.com with bidding open until March 11 at 11 a.m. It features 11 properties located on Elbow Lake, Bear Island Lake and Bear Island River. A catalog highlighting the properties can be found at stlouiscountymn.gov/shorelandsales.
Properties from the former shoreland lease program are unique from other tax forfeited properties that the county auctions because they involve two prices. The first is the price of the land, which is the starting bid and can be bid up.
Additionally, there is a fixed price for the cabins and other improvements owned by the former leaseholder. As a condition of the sale, the winning bidder must agree to pay the improvements price to the former leaseholder.
The St. Louis County Board discontinued the shoreland lease program in 2012. Leaseholders at the time were given the option to purchase the land they’d been leasing at market value, to relinquish the lease to the county for sale, or to continue leasing for the lifetime of the leaseholder.
St. Louis County had been offering the relinquished properties for sale through it’s regular auctions of tax forfeited properties, but is now holding an auction specifically for these former shoreland lease program properties.
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