Sioux County, IA
13.17 Acres M/L

3110 Eagle Avenue |
Rock Valley, IA 51247 |
Listing #13719

Info
Photos
Attachments

Bid Online

Property Info

Description

Iowa DOT Online Auction (Tract 2) – 13.17 acres m/l of commercial land and four (4) buildings located in Rock Valley, Iowa in the Westview Business Park area along primary highway US Hwy 18. Buildings include: #1 – 7,525 sq. ft. precast concrete building built in 1996 with four (4) garage stalls and power overhead doors. This building consists of two separate shop areas with just over 1,000 sq. ft. of finished office area. #2 - 3,600 sq. ft. pole building built in 1996 with six (6) garage stalls and complete with a steel roof and steel siding. #3 – Approximately 1,960 sq. ft. dome building built in 1996 with concrete foundation and stick built roof. #4 – 320 sq. ft. insulated building with large overhead door and concrete floors. **See Attached “Building and Site Information” document for more details of the buildings** The zoning for this site would be Light Industrial (See attached I-1 zoning ordinance or contact agent / City of Rock Valley for questions about permitted uses and zoning). Utilities are available to the site with Sewer and Water through the city of Rock Valley, Electric through North West REC, Natural Gas through MidAmerican, and Fiber Optic through Premier Communications. The two small sheds located north and east of Building #1 have been removed and will not be included with the sale of the site. Property is located on the western edge of Rock Valley with frontage along US Hwy 18. Property has good access from side street (Eagle Avenue). Per 2015 traffic counts, there are over 5,000 vehicles that pass by this property daily on US Hwy 18. There are three (3) easements on this property. A road Right Of Way (ROW) easement along the western edge, an easement for the Rock Valley sign in the northeast corner, and a utility easement through the northern portion of the property. See attached document titled "Easements" for legal descriptions and surveys of the easements. **Please contact agent prior to entering the property. Interested parties can view the property at an open house or by appointment: Tuesday, October 4th from 11:00 AM to 1:00 P.M.** **This is tract 2 of a 9 tract auction that Peoples Company is handling through their online auction service. Contact Agent for more details on this property or how to place a bid online.**

Legal Description

Long legal description on file. Contact agent for full legal description to the property. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Directions

From Rock Valley, Iowa: Travel south on 16th Avenue / Main Street for ½ mile. Turn right (west) on US Hwy 18 / 10th Street / 310th Street for 1 mile until Eagle Avenue. Turn left (south) and first driveway on the left. Look for signs.

Sign On Property: Yes
School District: Rock Valley Community School District
General Area: Rock Valley
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

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.

Interested parties can view the property at an open house or by appointment: Tuesday, October 4th from 11:00 AM to 1:00 P.M.

Bid Online

Auction Details

Iowa DOT Online Auction
Tract 2, 13.17 acre site with Various Buildings including Precast Concrete Building, Pole Buildings, and Dome Storage Building in Sioux Co
(Locally known as 3110 Eagle Avenue, Rock Valley)
Thursday, November 17th, at 4:00 PM Central

**This is Tract 2 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 or by appointment: Tuesday, October 4th from 11:00 AM to 1:00 P.M.**

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:
Property has been surveyed and will be recorded with the Sioux County Recorder’s office along with the State Land Patent. 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 is located on the west side of property along Eagle Avenue. Access from US Hwy 18 will be prohibited.

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.