Guthrie County, IA
0.56 Acres M/L

210 W Main Street |
Panora, IA 50216 |
Listing #14088

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Bid Online

Property Info

Description

Commercial building and land located along W. Main Street in Panora, Iowa to be sold via Online Only Auction. Online Bidding is currently LIVE and will remain open until 4:00 PM CST on Tuesday, March 6th. All bidding to be done online. The property includes 0.56 acres m/l and an approximately 3,830 sq. ft. metal insulated pole building built in 1998. Features of the building include 630 sq. ft. of office space and 3,200 sq. ft. of shop / garage area. The office area includes a separate office, service counter area, and bathroom. Other features include but not limited to: four (4) overhead garage doors 10 ft. and 14 ft. tall with electric openers, Heating and cooling systems include Reznor radiant heat, Clean Burn oil furnace, and an HVAC unit located in the office, three (3) automotive hoists included (Gibraltar and Benwill brands), and air lines installed throughout the building. *See Attached “Property Information” for more details* All utilities including water, sewer, electric, fiber optics (telephone / internet), and natural gas are located at the site and building. The property is located in the Central Business District Commercial area and interested parties should contact agent or city of Panora for questions regarding permitted uses. An additional 225 sq. ft. storage shed is included and measures approximately 15 ft. by 15 ft. The site offers great visibility and access from W. Main Street with a traffic count of 5,600 VPD. As home of Lake Panorama, other possible highest and best uses would include self-storage for boats, cars, campers, etc or any other permitted retail / commercial business uses. The building can be seen by appointment or by attending an open house Open House dates are Thursday, Feb. 15th from 4:00 – 7:00 PM and Sunday, Feb. 25th from 1:00 – 4:00 PM. Current Sidewalk Assessment attached to the property will be paid by Seller at closing. Any and all personal items (not fixtures to the property) will NOT be included in the sale and will be removed prior to closing.

Legal Description

Lot Two (2) and the West Forty-four Feet (W 44') of Lot Seven (7) and the North Eighty Feet (N 80') of the East Thirty-four feet (E 34') and the four and one half inches (4 1/2") of Lot Seven (7) and all of the North-South public alley between Lots Two (2) and Seven (7); all in Block "D" of the Original Town of Panora, Guthrie County, Iowa, subject to and together with any and all easements, restrictions, and covenants of record.

Directions

Directions: From Casey's at the intersection of Highway 44 in Panora, Iowa, head west on E. Main Street for 1/4 mile and property will be on the south (left) side of Main Street. Look for sign.

Sign On Property: Yes
School District: Panorama School District
General Area: Panora
Net Taxes: $3,226.00
Gross Taxes: $3,226.00
Online Bidding: Yes
Auction Date: Mar 6, 2018
Possession: At closing
Terms: Conventional & Cash

Bid Online

Auction Details

Auction Terms & Conditions:

*Bidding Concludes Tuesday, March 6th, at 4:00 PM CST
* BIDDING WILL TAKE PLACE ONLINE ONLY
Open House: Thursday, Feb. 15th from 4:00 – 7:00 PM and Sunday, Feb. 25th from 1:00 – 4:00 PM.

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.

Earnest Money Payment: A 10% earnest money payment is required within two (2) business days from the close of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in the Peoples Company Trust Account.

Closing: Closing will occur on or about Friday, April 20th. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Full possession of the property will be given at closing.

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer obtaining financing.

Bidder Registration: All prospective bidders must register with Peoples Company through the BidWrangler mobile bidding app or online. Contact Agent with any questions.

Other: 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, Peoples Company, or the Seller. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agent will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final. Existing fences, if any, are in as-is condition and will not be updated or replaced by the sellers.

Disclaimer: All property boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Buyer(s) should perform their own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.

Brokers Protected: Clients must be registered with a buying broker at least 48 hours prior to start of auction. Participating brokers please contact auctioneer for details and forms.

Interactive Map

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