Chickasaw County, IA
1.60 Acres M/L

805 E Spring Street
New Hampton, IA 50659
Listing #13713


Bid Online

Property Info

Description

Iowa DOT Online Auction (Tract 8) –  Entire city block and eight (8) buildings located in New Hampton, Iowa.  This site offers multiple storage options through a variety of building types.  Buildings include: #1 - 4,000 sq. ft. brick building with three (3) garage stalls and a climate controlled office area. Shop area, located at the south end of the building, is heated and has power overhead doors. Northern area features two stories for office or storage with a bathroom on each level. #2 – 4,800 sq. ft. brick shop attached to Building #1 with eight (8) power overhead doors. Area is heated and offers additional overhead storage.  #3 – 2,400 sq. ft. pole building with a large opening on the south side.  #4 - 1,963 sq. ft. dome building with a concrete foundation and wood framed roof.  #5 – 720 sq. ft. pole building with a concrete floor, walk in door and power overhead door.  #6 – 1,920 sq. ft. pole building with concrete floor and two overhead door openings.  #7 – 935 sq. ft. wooden building with metal roof.  #8 – 480 sq. ft. insulated garage with concrete floor and pit.  **See Attached “Building and Site Information” document for more details of the buildings** *Property is subject environmental contamination and Winning Bidder should fully understand the DNR LUST No. 7LTK50 REPORT.   Site is currently zoned R-2 Residential. See attachment for New Hampton R-2 Zoning Ordinances. Property is located within the city limits of New Hampton, Iowa on the eastern edge of town.  **Please contact agent prior to entering the property.  Interested parties can view the property at an open house or by appointment:  Open house is scheduled for Sunday, October 2nd from 2:00 – 4:00**  **This is tract 8 of a 9 tract auction that Peoples Company is handling through their online auction service. Contact Agents for more details on this property or how to place a bid online.**

Legal Description

Block 9, Fairview Addition to New Hampton, Subdivision of the SE 1/4 of Section 7, Township 95, Range 12 West. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Directions

From downtown New Hampton: Take Main Street / Highway 24 east to 3rd Avenue. Travel south on 3rd Avenue for one block to Spring Street. Property is located at the southeast corner of that intersection.  Look for signs.

  • Sign On Property: Yes
  • School District: New Hampton Community School District
  • General Area: Hampton
  • Online Bidding: Yes
  • Auction Date: Nov 17, 2016
  • Possession: Immediate possession will be granted through a Mutual Benefit Lease to be signed by Winning Bidder
  • Terms: Cash

Additional Info

Please click the "Bid Now" button located at the top right hand corner above the primary property photo to enter the online bidding website and to bid on this tract and the other properties included with this auction. Taxes: Iowa DOT is a tax exempt organization and there will be no tax proration at closing. Property will be added to the tax roll once the property has been transferred to the new owner. Call Agent for Details.


Bid Online

Auction Details

Iowa DOT Online Auction
Tract 8, 1.6 acre site with Various Buildings (Brick, Pole and Frame Buildings in Chickasaw Co)
(Locally known as 805 E Spring Street, New Hampton)
Thursday, November 17th at 4:00 PM Central.​

**This is Tract 8 of a 9 tract auction being handled through Peoples Company's Online Auction Service. Properties are located in the Iowa cities of Akron (Plymouth Co), Rock Valley (Sioux Co), Soldier (Monona Co), Corning (Adams Co), Gowrie (Webster Co), Jefferson (Greene Co), Centerville (Appanoose Co), New Hampton (Chickasaw Co), and Sabula (Jackson Co).

Bidding for this auction is currently LIVE and will remain open until bidding ends at 4:00 PM Central Time on Thursday, November 17th, 2016.  A bid placed within 5 minutes of the scheduled close of the auction will extend bidding by 5 minutes until all bidding is completed.  If you plan to bid, please register 24 hours prior to close of auction.  Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.

Please contact agent prior to entering the property.  Interested parties can view the property at an open house on Sunday, October 2nd from 2:00 – 4:00 PM.

ALL BIDS ARE TOTAL PRICE AND NOT PER ACRE.

Purchase Agreement and Earnest Money:
The Winning Bidder will receive an “Offer to Buy” document from the Iowa DOT shortly after the conclusion of the auction and will serve as the purchase agreement for the tract being purchased.  A non-refundable 10% earnest money payment is required upon conclusion of the auction and must be received by Peoples Company within two (2) business days from the day of the auction.  Earnest money will need to be received prior to Seller receiving possession of the property (Possession given by signing the Mutual Benefit Lease).  The balance of the purchase price will be due on or before Friday, December 9th, 2016.

Closing and Possession:
Possession will be granted through a “Mutual Benefit Lease” to be signed upon conclusion of the auction by the Winning Bidder for each tract and the Seller.  Once the Mutual Benefit Lease is signed and earnest money is deposited, possession of the property will be granted to the winning bidder.  This lease will terminate once the State Land Patent is received by the Winning Bidder.  Balance of purchase price due and payable on or before the closing date of Friday, December 9th, 2016.  If the balance is not paid on or before closing, the Buyer risks forfeiting the 10% earnest money and cancellation of the Mutual Benefit Lease

Building Lease:
There are not any current leases or tenants in these buildings or on these sites.  Possession will be given once the Mutual Benefit Lease is signed by Winning Bidder and Seller and 10% earnest money has been deposited with Peoples Company Trust Account.

Surveys:
No survey available for this property.  Contact agent with any questions regarding property boundary or legal description.

Title Information:
Title will be granted when the State of Iowa issues a Land Patent Deed approximately 60 - 90 days after the conclusion of the auction.  Buyer will not receive an abstract of title.  Should a Buyer want an abstract of title and / or a title search completed, it shall be at their sole discretion, responsibility, and expense.  Once all monies are received, Buyer should allow for 60-90 days for issuance of the State Land Patent.

Access to the Property:
Access available from Spring Street, 3rd Avenue and 4th Avenue.

Other Auction Terms:
This sale is subject to all easements, covenants, leases, and restrictions of record.

All property is sold on an “As is – Where is” basis with no warranties or guarantees, expressed or implied, made by the Auctioneer or Seller.

Seller reserves the right to accept or reject any and all bids.

Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.


Photos

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