COMMERCIAL REAL ESTATE AUCTION

Auction of the real estate to be held on site at 1150 Industrial Park Road, Wapello.  Located 1 block west of Highway 61.

Auctioneer’s Note:  After 41 years in the auto mechanic business, Doug Mills has decided to retire and sell the buildings and shop equipment of Mills Sales & Service.  Bid your price at the live auction of the real estate and timed online auction of tools & equipment!  < Click Here > for the timed online auction of tools & equipment.

Open House on Tuesday, January 21^st from 11-Noon

PROPERTY SOLD FOR - $100,000.00

42’x88’ & 42’x60’ Buildings on 1 Acre M/L

If you are looking for a place to expand your business, don’t miss this auction!  This property lends itself too many possible business applications or storage uses.

The 42’x88’ building features an office with a front counter, waiting area, along with 2 private offices, break room, ½ bath and a gas forced air furnace.  The four bay shop has four 10’x10’ overhead doors, storage space, floor drain, ½ bath and a Reznor hanging gas heater.  The shop has 3 phase electric.

The attached 42’x60’ steel frame building is insulated with concrete floors, 10’x10’ overhead door, ½ bath and office area.  Zoned I-1.  City utilities.  All situated on a 1 acre corner lot.

Not included: Reznor oil furnace & tank, Forward vehicle lift, Alignment rack, (2) Air compressors, Attached air reels, Attached cabinets, Signage, Attached & unattached shop equipment.

Terms:10% down payment on February 4, 2020.  Balance due at closing with a projected date of March 20, 2020, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of March 20, 2020.
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
Gross             $3,046.87
Business Cr. ($1,119.96)
Net Taxes:     $1,926.00

SPECIAL PROVISIONS:

• This auction sale is not contingent upon Buyer's financing or any other Buyer contingencies.

• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.

• Seller shall not be obligated to furnish a survey.

• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

• If in the future a site clean-up is required it shall be at the expense of the buyer.

• The buyer acknowledges that they have 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 real estate.

• Steffes Group, Inc. is representing the Seller.

• Any announcements made the day of sale take precedence over advertising.

Owner: Mills Sales & Service
Doug Mills – Doug’s cell – 563.506.7820

David L. Matthews – Attorney for Seller

For information contact Russ Lamp at Steffes Group, 319.385.2000 or 319.212.0774