Polk County, IA, Greene County, IA, OBrien County, IA, Osceola County, IA, Calhoun County, IA, Tama County, IA, Jasper County, IA,
0.00 Acres M/L

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--, IA --
Listing #14047


Bid Online

Property Info

Description

Peoples Company is offering 24 individual tracts owned by the Iowa Department of Transportation through an ONLINE ONLY auction where all bidding must be done online or through Peoples Company’s bidding app.  Bidding will be LIVE until the end of the auction on Wednesday, January 10th, 2018.  Bidding for all tracts will end on Wednesday, January 10th, 2018 with the closing to take place on tracts 1 – 12 on or before Wednesday, February 14th, 2018 and tracts 13 – 24 to take place on or before Wednesday, March 14th, 2018.  The tracts include commercial development land, tillable farmland, recreational property, and a commercial building and are located in 15 Iowa Counties.

Legal Description

Long legal description on file. Full legal description can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

  • Sign On Property: Yes
  • Online Bidding: Yes
  • Auction Date: Jan 10, 2018
  • Terms: Cash

Additional Info

Please click the "Bid Online" button located above the property description for information on each specific tract and to bid on this and the other properties. 

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

Auction Terms & Details:

Bidding Concludes Wednesday, January 10th, at 2:00 PM Central

Peoples Company is handling the sale of 24 properties owned by The Iowa Department of Transportation through their Online Auction Service. These tracts are grouped as tracts 1 - 12 and Tracts 13 - 24. Properties are located in 15 Iowa Counties including: Calhoun, Clayton, Greene, Jasper, Jefferson, Mills, Muscatine, O’Brien, Osceola, Polk, Pottawattamie, Tama, Union, Wapello, and Warren. Properties included in the auction consist of tillable farmland, future development land, recreational properties, and a commercial building.

All bidding concludes on Wednesday, January 10th, 2018 with Tract 1 – 12 closing at 2:00 PM Central Time Zone (CST) and Tracts 13 - 24 closing at 4:00 PM Central Time Zone (CST).

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. 

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 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 the closing date of Wednesday, February 14th, 2018 for Tracts 1 - 12 and Wednesday, March 14th, 2018 for Tracts 13 - 24.

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 is due and payable on or before the closing date of Wednesday, February 14th, 2018 for Tracts 1 - 12 and Wednesday, March 14th, 2018 for Tracts 13 - 24. 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.

Farm & Building Leases:
All leases have been terminated on these properties and possession will be given once the Mutual Benefit Lease is signed by Winning Bidder and Seller.

Surveys:
All properties have been surveyed. Surveys will be recorded with the county recorder's office for which that property is located. This will be recorded along with the State Land Patent.

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:
Neither the Seller nor Peoples Company guarantee access to the properties. Winning bidder will be responsible for acquiring access to the properties at their sole expense. Call Agent for details with access questions. Please do not assume access to the property.

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.
We obtained the marketing information from sources we believe to be reliable. However, we make no guarantee, warranty or representation about it. We include projections, opinions, assumptions or estimates for example only and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.


Description

Iowa DOT Online Auction (Tract 1) – 2.44 surveyed acres m/l of commercial land located just northwest of downtown Des Moines along the Keo Way corridor.  Great location with 29,800 cars per day (per 2016 traffic counts) traveling by the property and several commercial projects / developments taking place in the area.  Land is currently zoned Multiple-Family Residential (R-3) with a density of 1 dwelling per 2,500 sq. ft. of lot area but the city of Des Moines will be updating the zoning classification for this area to be MX-3 the middle of the 2018 year.  MX-3 zoning is a new zoning code and should open up more possibilities for uses on the  property.  The MX-3 zoning is  intended for mixed-use development which would include but not limited to everything from multi-family housing, office, hotel, retail/commercial. Interested parties should contact city officials for questions regarding rezoning.  The draft of the new zoning code and zoning maps can be seen at the following link:  https://plandsm.dmgov.org/.   Utilities stubbed into site with sewer and water at Keo Way.  **This is tract 1 of a 24 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. Full legal description can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 2.00 Acres M/L

Directions

Southeast quadrant of the intersection of Interstate 235 and Keo Way in Des Moines, Iowa.


Description

Iowa DOT Online Auction (Tract 2) – 0.11 surveyed acres m/l located just east of downtown Des Moines and northeast of the East Village Neighborhood.  The property is currently located within an R-4 Multi-Family zoning area and other commercial development would require rezoning.  The zoning for this area will be adjusted in the upcoming 2018 year to be RX-2 which would still accommodate multi-family uses.  The development of this tract would be limited and best suited to be assembled with adjoining properties.  Contact city of DSM Planning and Zoning for details.  Legal access to this lot will be prohibited from Pennsylvania Avenue and Interstate 235.  Access will need to be gained at Buyer’s sole responsibility and expense.  **This is tract 2 of a 24 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. Full legal description can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 0.00 Acres M/L

Directions

Southeast quadrant of the intersection of Interstate 235 and Pennsylvania Avenue in Des Moines, Iowa.


Description

Iowa DOT Online Auction (Tract 3) – Offering 0.40 acres m/l of land and a commercial building located in Jefferson, Iowa. The building in 2,430 sq ft. and has a 30 ft. by 30 ft. heated shop area, a 30 ft. by 33 ft. office area, and a cold storage area. The balance of the land is a graveled lot.  Utilities are located in the proximity but interested parties should do their own inspection as to the availability and location of the utilities.  Property is located in northern Jefferson, Iowa just off of N Elm Street. There is no access to this property.  Winning Bidder will be responsible to obtaining access at their sole expense.  **Please contact agent prior to entering the property.  Interested parties can view the property by appointment only by contacting the listing agent.

Legal Description

Long legal description on file. Full legal description can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 0.00 Acres M/L

Directions

From downtown Jefferson, Iowa at the intersection of Lincoln Way and North Elm Street: north on North Elm Street for ½ mile.  Property will be on the east side of the road. Look for signs.


Description

Iowa DOT Online Auction (Tract 4) – Offering 40.57 acres m/l of potentially high quality tillable farmland in a strong farming area!  This property could be 100% tillable with a CSR2 rating of 94.9 (per Surety AgriData – soil structure may have changed during prior road construction) and located just south of Sheldon, Iowa in Section 4 of Carroll Township.  Farm Lease open for 2018 farm year.  Access from IA-Hwy 60 or Nest Avenue will be prohibited.  Winning Bidder will be responsible to obtaining access at their sole responsibility and expense.  **Please contact agent prior to entering the property** **This is tract 4 of a 24 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 can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 40.00 Acres M/L
  • CSR2: 94.00

Directions

From Sheldon, Iowa:  East out of town on US Hwy 18 for 1.5 miles.  Turn right (south) on Country Club Road / Nest Avenue for 1.5 miles.  Take the IA 60 North ramp and property can be seen to the east of the road.


Description

Iowa DOT Online Auction (Tract 5) – Offering 6.60 acres m/l of potentially tillable farmland in a strong farming area!  There would be an estimated 4.22 tillable acres with a CSR2 of 95.4 (per Surety AgriData – soil structure may have changed during prior road construction) and located on paved road just southeast of Sheldon, Iowa in Section 4 of Carroll Township.  Farm Lease open for 2018 farm year.  Access from Co Hwy B20 / 330th Street will need to be granted by O’Brien County Engineer’s Office.  Access from IA Hwy 60 is prohibited.  **Please contact agent prior to entering the property** **This is tract 5 of a 24 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 can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 6.00 Acres M/L
  • CSR2: 95.00

Directions

From Sheldon, Iowa:  East out of town on US Hwy 18 for 1.5 miles. Turn right (south) on Country Club Road for 1 mile. Turn left (east) on Co Rd B20 / 330th Street for ½ mile and property sets on the south side of the road.   


Description

Iowa DOT Online Auction (Tract 6) – Offering 10.74 acres m/l of potentially tillable farmland in a strong farming area!  There would be potential for the entire tract to be tillable acres with a CSR2 of 86.5 (per Surety AgriData – soil structure may have changed during prior road construction) and located just north of Sibley, Iowa in Section 17 of Wilson Township.  Farm Lease open for 2018 farm year.  Access from IA Hwy 60 is prohibited.  **Please contact agent prior to entering the property** **This is tract 6 of a 24 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 can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 10.00 Acres M/L
  • CSR2: 86.00

Directions

From Sibley, Iowa:  East out of town on 170th Street for 1 mile until IA Hwy 60.  Turn left on ramp to IA Hwy 60 and travel north for 5 miles until 120th Avenue.  Turn right and property sets immediately on the north side of the road.


Description

Iowa DOT Online Auction (Tract 7) – Offering 2.72 acres m/l of potentially tillable farmland in a strong farming area!  There would be potential for the entire tract to be tillable acres with a CSR2 of 86.4 (per Surety AgriData – soil structure may have changed during prior road construction) and located just southwest of Knierim, Iowa in Section 8 of Greenfield Township.  Farm Lease open for 2018 farm year.  There is an electric easement on this tract consisting of 0.52 acres with Corn Belt Power Cooperative (Humboldt, Iowa) to maintain their utility poles and electric lines.  Access from US Hwy 20 is prohibited.  **Please contact agent prior to entering the property** **This is tract 7 of a 24 tract ONLINE ONLY auction. 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 can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 2.00 Acres M/L

Directions

From Knierim, Iowa:  South out of town on Xenia Avenue for ½ mile until US Hwy 20.  Turn right (west) on US Hwy 20 and travel west for 1 mile.  Property sets on the north side of the road.


Tract 8 - Oak St. & US Hwy 63 (Park St.), Toledo, IA 52342

Tract 8
Description

Iowa DOT Online Auction (Tract 8) – Offering 2.8 acres m/l located within the city limits of Toledo.  Property is not currently zoned but is located next commercial and residential uses (Fareway Grocery Store adjacent to the north).  Contact City of Toledo, Iowa for future land uses and zoning.  Utilities are located in the area with sewer and water through the City of Toledo, electric and natural gas through Alliant Energy, and internet services through Iowa Telecom and Mediacom.  Frontage streets offer good visibility as this corridor has traffic counts of 7,000 VPD on Park Street and almost 5,000 VPD on US Hwy 30.  (Per 2013 Iowa DOT Traffic Counts) Access from US Hwy 30 is prohibited.  **Please contact agent prior to entering the property** **This is tract 8 of a 24 tract ONLINE ONLY auction. 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 can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 2.00 Acres M/L

Directions

From the County Courthouse in Toledo, Iowa: Travel west on High Street toward N. Main Street.  Turn left (south) on US Hwy 63 / S. County Road for 1 mile until stop light. Turn left (east) on Oak Street and property sets immediately on the right side of the road.


Description

Iowa DOT Online Auction (Tract 9) – Offering 0.25 acres m/l located within the city limits of Toledo.  Property is not currently zoned but is located next to R-2 Residential Zoning.  Contact City of Toledo, Iowa for future zoning.  Utilities are located in the area with sewer and water through the City of Toledo, electric and natural gas through Alliant Energy, and internet services through Iowa Telecom and Mediacom.  Located on S. Broadway Street just before the overpass but access to property will need to be confirmed by the City of Toledo.  Access from US Hwy 30 is prohibited.  **Please contact agent prior to entering the property** **This is tract 9 of a 24 tract ONLINE ONLY auction. 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 can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 0.00 Acres M/L

Directions

From the County Courthouse in Toledo, Iowa: Travel south on Broadway Street for 1 mile.  Property sets immediately on the left side of the road before overpass.


Description

Iowa DOT Online Auction (Tract 10) – Offering 0.22 acres m/l located within the city limits of Toledo.  This open lot is not currently zoned but is located next to residential zoning.  Contact City of Toledo, Iowa for future zoning.  Utilities are located in the area with sewer and water through the City of Toledo, electric and natural gas through Alliant Energy, and internet services through Iowa Telecom and Mediacom.  Located on S. Church Street adjacent to US Hwy 30 but access to property will need to be confirmed by the City of Toledo.  Access from US Hwy 30 is prohibited.  **Please contact agent prior to entering the property** **This is tract 10 of a 24 tract ONLINE ONLY auction. 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 can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 0.00 Acres M/L

Directions

From the County Courthouse in Toledo, Iowa: Travel south on Broadway Street for just over 1 mile and continue on overpass.  Turn left (east) on E. Summit Street for one block until S. Church Street.  Turn left (north) and property is located one block north on right side of the road.


Description

Iowa DOT Online Auction (Tract 11) – Offering 0.30 acres m/l of bare ground located just outside the city limits of Tama, Iowa and a short distance to the US Hwy 30 Business road.  There would be great visibility to this property with approximately 4,500 VPD traveling by this property on US Hwy 30.  This open lot is not currently zoned but is likely to be zoned Ag.  Contact City of Tama County, Iowa for future zoning.  There is no legal access to this property.  Access from US Hwy 30 is prohibited.  **Please contact agent prior to entering the property** **This is tract 11 of a 24 tract ONLINE ONLY auction. 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 can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 0.00 Acres M/L

Directions

From Tama, Iowa: Travel east out of town on E. 5th Street for just over 1 mile until L Avenue. Turn left (north) for ½ mile. Property is located approximately 530 feet northwest of end of road. Property and sign can be seen while traveling southeast on US Hwy 30.


Description

Iowa DOT Online Auction (Tract 12) – Offering a 0.43 acre m/l residential lot located within the city limits of Monroe, Iowa.  Utilities would be located in the proximity to the property.  Contact the City of Monroe, Iowa for details on utility access.  There would be great visibility from adjacent IA Hwy 163 with over 8,000 VPD traveling by this property.  (Per the Iowa DOT traffic counts for 2014) There is a current driveway to this lot.  Access from IA Hwy 163 is prohibited.  **Please contact agent prior to entering the property** **This is tract 12 of a 24 tract ONLINE ONLY auction. 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 can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Details
  • Acres: 0.00 Acres M/L

Directions

From the Monroe, Iowa Public Square: Travel south through town on Commerce Street for ½ mile.  Property sets on the right (west) side of the street at the dead end.  Look for sign.



Interactive Map

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.


Video

Click the “play” button below to watch an aerial drone video of this property.


Attachments

Tract 1 Photos

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