Sealed bids being accepted for purchase of Pine Edge Inn

Once again a landmark in Little Falls is facing the demise of being sold.

The Pine Edge Inn has been placed on the block for sale and sealed bids will be accepted by the Weaver Brothers Company, Anoka (present owners) until 3 p.m. on Monday, Sept. 24.

Problems of bankruptcy, foreclosures and lose of licenses have plagued the business for a number of years. The business closed in January, 1999. The owners, Judy and Joe Anderson, did not apply for a license to operate the business.

On March 9, 1999 the business was sold by the Morrison County Sheriff at a public auction. The original mortgage on the property, which was in default, was taken out in January, 1992 for $336,000. At the time of the published foreclosure notice the mortgage amount was $331,227. Lake County State Bank, Long Prairie was the lone bidder at the amount of $352,350. The Andersons failed to redeem the property within the six moths allotted from the sale.

In October, 1999 the property was purchased by the Weavers. At that time John Weaver told the Morrison County Record, “We have owned real estate in Little Falls for 43 years. Little Falls needs a successful Pine Edge Inn. Our interest is to preserve the Inn’s historical integrity.”

In March, 2000, Weaver told the Little Falls City Council, “The Pine Edge is one of your diamonds, but, it needs to be polish. The Inn has a lot of potential, We plan to put it in tip-top shape.”

In October, 2000 the purchase was leased and plans to re-open the business was is full swing. “Weaver told the Record, “We are no less determined to make this diamond sparkle in Little Falls than we were before. We are determined that we will have the Pine Edge shining again.”

The business closed again Jan, 16, 2001. It has sat empty since that closure.

The property is for real estate only—no personal property is included and it will be sold in “as is” condition” The sale is cash only and must close within 45 days.

Weaver Brothers reserve the right to reject any or all bids.

A short history on the sale flyer stated that the Pine Edge Inn was built in 1923 as a fraternity headquarters. In 1939, the Madden’s (Madden’s Resort) converted it to the Pine Edge Inn & Supper Club.

It states that Charles Lindbergh’s reception was held at the Pine Edge Inn after his flight across the Atlantic.

The flyer also explains, that in 1989 Madden’s sold it and in 1991 it changed hands again. In 1999 the current owner bought it and it was extensively renovated.

The property for sale includes the Pine Edge Inn and a vacant retail/office building next door. It is listed at $837,500 with a minimum bid of $495,000. The Weavers reserve the right to reject all bids.

Attempts by the Record to reach the Weavers for a comment have gone unanswered.

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