Commercial Building Overlooking The Des Moines River

• This 2,280 sq. ft. building is currently set up for a restaurant/bar but could be transformed for other business opportunities.
• The building offers a large L shaped bar, open seating area, galley kitchen, (2) restrooms, office and storage area.
• The large 24’x48’ deck offers additional outdoor seating and river views.
• (2) Lots - 26’x100 and 25’x50’
• This building is on the National Register of Historic Places, part of the Bonaparte National Historic Riverfront District.
• Included: L shaped bar, Any items present on the day of final settlement/closing.
• Not included: All restaurant & bar equipment: Coolers, SS Hood Ansul system, Undercounter sinks, SS kitchen sinks, TV’s, Jukebox, ATM, Dispensers, Pool table, Beer signs, Chairs, Tables, Bar stools, LP tank and any item listed on the restaurant equipment auction.
• Tax Parcels: 000641208463120, 000641208463125 = $1,376.00 Net Real Estate Taxes
• View Real Estate Purchase Agreement

Terms: 10% down payment on December 17, 2024. Balance due at final settlement with a projected date of January 31, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of January 31, 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 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 the 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.
• Seller shall not be obligated to furnish a survey.
• 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.
• 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, 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 representing the Seller.
• Any announcements published or made the day of sale take precedence over advertising.

Alicia M. Stuekerjuergen of Stuekerjuergen Law Firm, PLC – Closing Attorney