7,296± Head Hog Facility on 7.54± Acres – Offered in 1 Tract

•        (1) 70’x277 hog confinement building built in 2019, with 8’ pit, (2) 12T bulk bins & (2) docks.
•        (1) 81’x225’ hog confinement building built in 2015, with 8’ pit, (2) 12T bulk bins & (1) dock.
•        (1) 85’x225’ hog confinement building built in 2012, with 8’ pit, (2) 12T bulk bins & (1) dock.
•        Connected with walkways & 28’x36’ equipment building.
•        Onsite backup generator.
•        Property is supplied by a well.
•        Located on hard surface road.
•        Situated on 7.54± acres.
•        Contract at $37 per pig space with approx. 6 years remaining on contract.  [ Click Here ] to view Swine Grow Finish Agreement
•        Included: (6) LP tanks, Onsite backup generator, Any item present on the day of final settlement/closing.
•        Not included: Skid loader, Skid loader attachments.
•        Tax Parcels 0314100007, 0314100009, 0314100011 = $8,388.00 Net 

How to Bid: There are three ways to submit a bid for this sealed bid auction format. All sealed bids need to be received by Wednesday, June 25, 2025 at 1:00PM CDT.
1. Request a Sealed Bid Form to be completed via DocuSign. Please make requests to mason.holvoet@steffesgroup.com
2. Download Sealed Bid Form from SteffesGroup.com. Email completed form to mason.holvoet@steffesgroup.com. If emailed, it shall be the bidder’s responsibility to confirm bid form has been received. [ Click Here ] for Sealed Bid Form.
3. Make an appointment with Mason Holvoet to fill out the Sealed Bid Form.  Contact Mason at (319) 470-7372.

Terms: If you are declared the winning bidder, 10% down payment is due upon acceptance. Balance due at final settlement/closing with a projected date of August 11, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of August 11, 2025 (Subject to Swine Grow Finish Agreement on buildings)
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 sealed bid real estate auction will have a 5% buyer’s premium. This means the 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.
•        Land will be offered in 1 tract.
•        Bidding will be total dollar amount.
•        There will be no “final round” of bidding, unless a tie bid occurs.  If a tie bid occurs, only the parties with tying bids will be contacted to raise said bid.
•        Seller reserves the right to accept, reject or counter offer any and all bids.  Seller may enter into negotiations with one or more Bidders.
•        Down payment is due upon acceptance and signing of the purchase agreement will take place through email and electronic document signatures.  In the event the acceptance is after 3:00pm, the down payment/earnest money will be due the following business day.
•        Buildings currently have a Swine Grow Finish Agreement in place at $37 per pig space with approx. 6 years remaining.  Selling subject to First Right of Refusal and assignment rights of Seaboard.  Selling subject to Seaboard’s assignment approval of new owner.  [ Click Here ] to view Swine Grow Finish Agreement
•        The Swine Grow Finish contract payment will be prorated to the date of final settlement/closing.
•        Facility #67216 is permitted for 7,296 head.  The Buyer shall be solely responsible for ensuring compliance with all applicable Iowa DNR, state and county regulations pertaining to this facility.
•        There is a current manure management plan (MMP).  Seller is willing to work with Buyer, if Buyer wishes to continue with current plan or Buyer has the option to implement a new MMP.  If Buyer wishes to continue with current MMP, it shall be the responsibility of both Buyer & Seller to work out an agreeable manure easement/agreement, post auction.  Closing shall not be held up due to lack of an agreeable manure easement/agreement.
•        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 Humboldt County & Iowa Laws & regulations.  Prior to final settlement/closing, the Buyer shall acquire the proper paperwork required by the Humboldt County Sanitarian for the septic system.
•        Buyer will reimburse the Seller for the remaining LP in the LP tanks on the day of possession, at the current rate at the time of possession.
•        The Seller is not required to provide a survey of the land.  If the Buyer chooses to obtain a survey, the cost of the survey will be the Buyer’s responsibility.  The total contract purchase price will not be adjusted to reflect any differences between the surveyed acres and acres stated.
•        This sealed bid auction is not contingent upon Buyer’s financing, appraisal(s), 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 and paid to Seller.
•        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, easements, rights-of-way, ordinances, resolutions, leases, and mineral reservations, 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 exclusively representing the Seller. Bidder acknowledges they are representing themselves in this real estate transaction.
•        Any announcements published or made the day of the submission deadline take precedence over advertising.