40’x104’ Building on 2.81± Acres

•        Greiner pole building built in 2004 with (2) 16’x14’ overhead doors with openers and concrete floor with floor drain. 
•        Large, finished room with kitchenette, ¾ bath, Carrier wall unit and separate LP wall heater.
•        Building has Rathbun rural water & 200 amp electrical box.
•        Gravel parking area with balance of land available for future expansion.
•        Zoned C-1.
•        Situated on 2.81 acres with visibility from Highway 61.
•        Included: Portable chicken coop shed, Pool table, Budweiser pool table light, Pool cues, Refrigerator, Any items present on the day of final settlement/closing.
•        Not included: Attached gates & fencing, LP tank(leased), Freezer, Fuel barrel, Gun safe, TV, Picnic tables, Air compressor, Tire changer, Shelving, All personal property & any item listed on the construction equipment auction.
•        Tax Parcel: 15-13-200-015 = $1,480.00 Net Real Estate Taxes
  
•        View Real Estate Purchase Agreement

Terms: 10% down payment on December 10, 2024. Balance due at final settlement with a projected date of January 24, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of January 24, 2025.
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.

Special Provisions:

•        This online auction is a NO BUYER'S PREMIUM OR BUYER FEE auction.
•        If a bid is placed with less than 4 minutes left, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes.
•        Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures. In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
•        Real estate will be selling lump sum price.
•        Buyer shall bear the responsibility and expense to have the septic system pumped & 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 County & Iowa Laws & regulations.  Prior to closing, the Buyer shall acquire the proper paperwork required by the County Sanitarian for the septic system.
•        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 shall be responsible for any fencing in accordance with state law.
•        If in the future a site clean-up is required, it shall be at the expense of the Buyer.
•        All mineral rights, if any, held by Seller will be transferred to Buyer upon closing.
•        This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
•        All lines, drawings, boundaries, dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents.
•        The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are 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 or published made the day of sale take precedence over advertising.