Mediapolis, IA
Located at 310 Mack Lane.

Bidding Opens: Wednesday, September 20^th    
Bidding Closes: Wednesday, September 27, 2023 at 1PM 

Preview Date: Wednesday, September 13^th, from 1-3PM

Auctioneer’s Note:  Mullins Auto Body & Truck has served Mediapolis for almost 30 years from this location. These adjoining buildings can be suited for your business or storage needs. Get ready to expand your business in the thriving community of Mediapolis, IA.

4,360 Sq. Ft. of Adjoining Buildings: 

40’x60’ building, built in 1994.

•        Large workshop area w/ 12’x14’ OH door, radiant heat & floor drain.
•        Attached 16’x40’ shop w/ 12’x14’ OH door, radiant heat & floor drain.
•       Office with storage above.
•       Restroom.

Included: (4) Window A/C units, Any items present on the day of final settlement/closing.
Not included: 32’x48’ garage building, Saima Titan paint booth with paint mixing room, Air compressor, Attached & unattached work benches & shelving, Hose reels, All items listed separately on equipment auction.

 
PAINT BOOTH & GARAGE - SOLD SEPARATELY
(Internet Buyer's Premium is 10.0% capped at US $1,000.00 per lot on Paint Booth & Garage)

 2007 Saima Titan Accu-Draft, Paint Booth, 30'x14' inside, full down draft, full lighting, drive in/pull out configuration, 7' grate entry ramp, natural gas heat system, (2) 3-phase WEG 15 hp. fan motor’s (Buyer will be responsible for safe removal of paint booth by October 27, 2023)      

 ICI Auto Color Paint Mix System, scale, monitor, computer, color matching system, mix racks, mixers, also includes Safety-Kleen 1077 paint gun cleaner

 32’X48’ Garage with (2) overhead doors. (Buyer will be responsible for safe removal of garage by October 27, 2023)

 
Real Estate Terms & Conditions:
Terms: 10% down payment on September 27, 2023. Balance due at final settlement with a projected date of November 10, 2023, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of November 10, 2023.
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. The seller shall pay any unpaid real estate taxes payable in prior years.

2021 Real Estate Taxes - Tax Parcel: 02-26-452-008 = $1,782.00 Net

Special Provisions:

•        The real estate auction will have a 5% buyer’s premium. This means a buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
•        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.
•        The Seller shall not be obligated to furnish a survey.
•        This auction sale is not contingent upon the 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.
•        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.
•        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 made on the day of sale take precedence over advertising.

Seller: Duane Mullin
William R. Jahn Jr. of Aspelmeier, Fisch, Power, Engberg & Helling, P.L.C., – Closing Attorney