COMMERCIAL REAL ESTATE AUCTION

HAMPTON, IOWA
917 6^th Street SW, Hampton, Iowa

Bidding Opens: Wednesday, January 5

Bidding Closes: Wednesday, January 12, 2022 at 4PM

Open House on Wednesday, December 29 from 4-5PM

Auctioneer’s Note: Bob has worked 48 ½ years at this location and has decided to retire. Steffes Group is pleased to offer the real estate and shop equipment on these Timed Online Auctions. The property could be suited for your business or storage needs.

30’x60’ BUILDING with 20’x60’ CANOPY

- 1,800 sq.ft. shop with (2) 12’ wide X 14’ tall overhead doors, office & ½ bath
- Property has radiant heat, 3 phase electric, city water & natural gas
- Attached 20’x60’ metal canopy with concrete floor
- The property is zoned light industrial
- Situated on a 100’x165’ lot

Included: Mounted Jib crane, Exhaust fan system, Any item present on the day of closing.
Not included: Refrigerator, Air compressor, Wood burning stove, All attached & unattached workbenches, shelving & equipment.

Terms:10% down payment on January 12, 2022. Balance due at closing with a projected date of February 25, 2022, upon deliver y of merchantable abstract and deed and all objections have been met.
Possession: Projected date of February 25, 2022.
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Real Estate Taxes – Tax Parcel 0733376013 – Net $658.00

Special Provisions:

• This online real estate auction will have a buyer’s premium of $1,000.  This will be added to the bid amount to arrive at the total contract purchase price.
• Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
• If a bid is placed with less than 4 minutes left on the auction, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
• The Buyer shall bear the responsibility and expense to have the septic system pumped (if required) & inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with the City of Hampton, Franklin County & Iowa Laws & regulations.  Prior to closing, the Buyer shall acquire the proper paperwork required by the Franklin County Sanitarian for the septic system.
• Seller shall not be obligated to furnish a survey.
• If in the future a site clean-up is required, it shall be at the expense of the Buyer.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited.
• The Buyer acknowledges that Buyer has carefully and thoroughly inspected the real estate and is familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the condition of the real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Don't Miss the Timed Online Welding Machine Shop Equipment Auction
Bidding Closes Wednesday, January 12 at 5PM

Ward’s Machine Shop, Inc. - Robert D. Harmon

John E. Coonley – Attorney for Seller

For information contact Steffes Group at 641.423.1947;
Nate Larson at 319.931.3944 or Steven Nelson 641.430.2591

Downloads:
Real Estate Contract