St. Louis County nets $430K from land auction
St. Louis County announced that it successfully auctioned off 28 tax-forfeited properties Thursday afternoon and pocketed $429,585. A waterfront lot on Ely's Shagawa Lake fetched the highest price, but the county didn't disclose how big that winning bid was.
Other notable properties sold via the auction Thursday included a 40-acre parcel in Rice Lake and a 34-acre piece of property in Hibbing.
In all, 95 properties were offered for sale, including recreational land, homes and buildable lots. Those that were snapped up in auction remain available for sale on a first-come basis through the St. Louis County Land and Minerals Department, and listings will be available at stlouiscountymn.gov/landsales. Questions also may be directed by phone to (218) 726-2606.
The county plans its next auction of tax-forfeited properties in February, but the exact date has not yet been decided.
The county controls nearly 900,000 acres of tax-forfeited land, with most of it managed as forest. But St. Louis County officials have begun to make a more concerted effort to sell properties that are not suitable for forest management so as to foster development and bolster the county property tax base.