Appanoose County, IA
10.95 Acres M/L

23619 Iowa 5 South |
Centerville, IA 52544 |
Listing #13714

Info
Photos
Attachments

Bid Online

Property Info

Description

Iowa DOT Online Auction (Tract 7) – Offering 10.95 acres m/l of land and six (6) buildings located in Centerville, Iowa. This site offers multiple storage options and end user possibilities through a variety of building types. Buildings include: #1 – 11,200 sq. ft. concrete building built in 1988 with six (6) garage stalls and a climate controlled office area. Shop area is heated, has power overhead doors and exhaust fans. Office area features storage, utility room, bathroom and break area. #2 – 2,400 sq. ft. Morton pole building built in 1988 has concrete floors and four (4) overhead doors. #3 – 2,400 sq. ft. pole building built in 1996 a large opening on the east end. Previously used for materials storage. #4 - 1,560 sq. ft. hoop building built in 1998 has an 8 ft. concrete foundation and a canvas top. #5 – 1,568 sq. ft. pole building built in 1978 with asphalt floor and a 15 ft. door opening. #6 – 400 sq. ft. garage built in 1999 with a power overhead door. **See Attached “Building and Site Information” document for more details of the buildings. Site does not currently have a zoning designation and future zoning and property taxes will be subject to the properties use. (Contact agent for questions about permitted uses and zoning). GPS equipment that is attached to Building #1 will be removed prior to the transfer of the property along with any associated networking equipment. Property is located on the south end of Centerville off of Highway 5. 0.23 acres of land in the northwest corner have been surveyed off of this property for future construction of a communications tower. **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 Thursday, September 29th from 4:00 – 6:00** **This is tract 7 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

Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Directions

From downtown Centerville at the intersection of Highway 2 & Highway 5: Travel south on Highway 5 for 2 miles. Property will be on the west side of the road. Look for signs.

Sign On Property: Yes
School District: Centerville Community School District
General Area: South end of Centerville, IA along Highway 5
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.

Please contact agent prior to entering the property. Interested parties can view the property by appointment or at an open house on Thursday, September 29th from 4:00 – 6:00 PM.

Bid Online

Auction Details

Iowa DOT Online Auction
Tract 7, 10.95 acre m/l site with Various Buildings (Concrete, Hoop, Pole and Frame Buildings in Appanoose Co)
(Locally known as 23619 Iowa 5 South, Centerville)
Thursday, November 17th at 4:00 PM Centralâ€‹

**This is Tract 7 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 Thursday, September 29th from 4:00 – 6:00 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 9^th, 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 9^th, 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:
A survey has been completed on this site. See attached survey and legal description under attachments. The State Land Patent will be recorded within 60-90 days from the date of closing.

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 to this property available from Highway 5.

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.