Sioux County, IA
OBrien County, IA
Clay County, IA
Floyd County, IA
Bremer County, IA
MULTI-COUNTY County, IA
Pottawattamie County, IA
Adair County, IA
Scott County, IA

Multiple Areas

39.83 Acres M/L

Listing #: 14863

Iowa DOT Online Property Auction

Agents

Bid Now!

PROPERTY INFO

Description

Peoples Company is offering fifteen 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 for Tracts 1-8 on Thursday, April 2nd, 2020 at 2:00 PM Central Time Zone (CST) and all bidding for Tracts 9-15 concludes on Thursday, April 2nd, 2020 at 4:00PM Central Time Zone (CST). Closing to take place on or before Wednesday, May 6th, 2020. The tracts include various types of land located in ten different counties across the state of Iowa including Adair, Bremer, Clay, Floyd, Franklin, Hardin, O'Brien, Pottawattamie, Scott and Sioux Counties.

  • Sign On Property: Yes
  • School District: Various School Districts
  • General Area: Across Iowa
  • Online Bidding: Yes
  • Auction Date: Apr 2, 2020
  • Possession: At Closing
  • Terms: Cash

Additional Info:

Please click the "Bid Online" button located above the property description or visit PeoplesCompany.BidWrangler.com to bid on each tract.


Auction Details

Auction Terms & Details:

Bidding ends for Tracts 1-8 on Thursday, April 2, 2020 at 2:00 PM Central Time Zone (CST) and bidding for Tracts 9-15 concludes on Thursday, April 2, 2020 at 4:00 PM Central Time Zone (CST).

Peoples Company is handling the sale of fifteen properties owned by The Iowa Department of Transportation through their Online Auction Service. Properties are located in Sioux, O'Brien, Clay, Floyd, Bremer, Franklin, Hardin, Pottawattamie, Adair, and Scott Counties. Properties included in the auction consist of various types of land.

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, May 6th, 2020.

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, May 6th, 2020. 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 tracts of land have been surveyed if noted in the marketing materials. A current survey is not available for Tract 5 or Tract 11.

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.

Location


Description

Iowa DOT Tract 1 - Offering 2.71 acres m/l of potentially tillable land in a strong farming area! There is potential for approximately 2.31 tillable acres with a CSR2 of 85.6 (per Surety AgriData – soil structure may have changed during prior road construction). On top of row crop, vegetable or hay production potential, this property could be a great spot for a building site or for signage along Highway 60 if allowed by local Sioux County zoning laws. According to a 2015 DOT traffic survey, 4,750 cars pass by this property on Highway 60 daily. This tract is located just south of Hospers, IA along Highway 60, 410th Street, and Hospers Drive in Section 15 of Floyd Township. Access from IA Highway 60 is prohibited. Access to Hospers Drive may be allowed after filing application for a driveway through Sioux County.

Legal Description

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

Details
  • Acres: 2.71 Acres M/L
  • MLS Number: 599957
  • School District: MOC-Floyd Valley Community School District
  • CSR2: 85.60

Directions

From Hospers, Iowa: Travel southwest on Hospers Drive South for approximately 1.1 mile to 410th Street. Property will be located southeast of the intersection. Look for the Peoples Company sign.


Description

Iowa DOT Tract 2 - Offering 8.26 acres m/l of potentially tillable farmland in a strong farming area! There is potential to farm this tract with a CSR2 of 97.4 (per Surety AgriData – soil structure may have changed during prior road construction). On top of row crop, vegetable or hay production potential, this property could be a great spot for a building site or for signage along Highway 60 if allowed by local Sioux County zoning laws. According to a 2015 DOT traffic survey, 6,100 cars pass by this property on Highway 60 daily. This tract is located just north of Hospers, IA along Highway 60, Log Avenue, and Hospers Drive in Section 34 of Lynn Township. Access from IA Highway 60 is prohibited. Access to Log Avenue may be allowed after filing application for a driveway through Sioux County.

Legal Description

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

Details
  • Acres: 8.26 Acres M/L
  • MLS Number: 599971
  • School District: MOV-Floyd Valley Community School District
  • CSR2: 97.40

Directions

From Hospers, Iowa: Travel north for approximately 1 mile to the intersection of State Highway 60 and Hospers Drive North. Property will be located directly north of the intersection. Look for the Peoples Company sign.


Description

Iowa DOT Tract 3 - Offering 9.20 surveyed acres of land adjacent to commercially zoned property near Sheldon, IA! There is potential to farm this tract with the entire parcel carrying a CSR2 of 100 (per Surety AgriData – soil structure may have changed during prior road construction). On top of agriculture potential, this property could be a great spot for a business or personal building site or for signage just off of the Highway 60 exit for Sheldon if allowed by local Sioux County zoning laws. According to a 2015 DOT traffic survey, 6,100 cars pass by this property on Highway 60 daily. This tract is located along Highway 60, McKinley Avenue, and The Union Pacific Railroad in Section 1 of Lynn Township. Access from IA Highway 60 is prohibited. Access to McKinley Avenue may potentially be allowed after filing application for a driveway through Sioux County.

Legal Description

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

Details
  • Acres: 9.20 Acres M/L
  • MLS Number: 599974
  • School District: Sheldon Community School District
  • CSR2: 100.00

Directions

From Sheldon, Iowa: Travel south out of town on County Highway L26/McKinley Avenue for approximately 0.5 miles. Property is located west of McKinley Avenue and northwest of the intersection of State Highway 60 and McKinley Avenue. Look for Peoples Company sign.


Description

Iowa DOT Tract 4 - Offering 4.81 acres m/l of land in O'Brien County, Iowa! This ex roadway now has the potential to be nearly 100% tillable. The property is located between Ritter, IA and Ashton, IA, just off of Highway 60 and between Northwest Boulevard and 270th Street in Section 4 of Floyd Township. Access from IA Highway 60 is prohibited. Access to Northwest Boulevard may potentially be allowed after filing application for a driveway through O'Brien County.

Legal Description

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

Details
  • Acres: 4.81 Acres M/L
  • MLS Number: 600014
  • School District: Sheldon Community School District
  • CSR2: 82.50

Directions

From Ritter, Iowa: Travel northeast on Northwest Boulevard to State Highway 60. The property will be found northwest of the intersection. Look for Peoples Company sign.


Description

Iowa DOT Tract 4 - Offering 0.53 acres m/l of Heavy Industrial zoned land located in the city limits of Spencer, Iowa! The zoning allows for multiple commercial and industrial uses including storage and warehousing, manufacturing, retail and repair services. This parcel is located just south of the airport within the Spencer West Technical Park area and has good access from West 18th Street. Lot dimensions on this 23,100 sq. ft. tract are 220' by 105'. Interested parties should contact Spencer, IA city officials for more information on permitted uses.

Legal Description

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

Details
  • Acres: 0.53 Acres M/L
  • MLS Number: 600024
  • Parcel Number: 963710227004
  • School District: Spencer Community School District
  • CSR2: 52.00

Directions

From Spencer, Iowa: Travel west out of town on West 18th for approximately 2.3 miles to the intersection of West 18th Street and County Highway M44/200th Avenue. Continue west through intersection and property will be located on the south side of the road. Look for the Peoples Company sign.


Description

Iowa DOT Tract 6 - Offering 0.12 acres m/l of land in Floyd County, Iowa! According to a 2015 DOT traffic survey, 11,600 cars pass by this property on U.S. Highway 18 daily making this a great spot for signage if local Floyd County zoning allows. The property is located west of Rudd, IA, just off of U.S. Highway 18 in Section 22 of Rock Grove Township. Access from U.S. Highway 18 is prohibited.

Legal Description

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

Details
  • Acres: 0.12 Acres M/L
  • MLS Number: 600032
  • School District: Rudd-Rockford-Marble Rock Community School District
  • CSR2: 80.00

Directions

From Rudd, Iowa: Travel south on Glass Avenue for 0.5 miles and turn west onto State Highway 18. Travel west on State Highway 18 for 2.5 miles. The driveway to the property will be on the south. Look for the Peoples Company sign.


Description

Iowa DOT Tract 7 - Offering 2.64 acres m/l of land in Floyd County, Iowa! This ex roadway now has the potential to be nearly 100% tillable. There is potential to farm this tract with a CSR2 of 88.3 (per Surety AgriData – soil structure may have changed during prior road construction). On top of row crop, vegetable or hay production potential, this property could be a great spot for a building site or for signage along U.S. Highway 18 if allowed by local Floyd County zoning laws. According to a 2017 DOT traffic survey, 9,700 cars pass by this property on U.S. Highway 18 daily. This tract is located just north of Nashua, IA along U.S. Highway 18 and 260th Street in Section 2 of Riverton Township. Access from U.S. Highway 18 is prohibited. Access to 260th Street may potentially be allowed after filing application for a driveway through Floyd County.

Legal Description

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

Details
  • Acres: 2.64 Acres M/L
  • MLS Number: 600037
  • CSR2: 88.30

Directions

From Nashua, Iowa: Travel north for approximately 2.5 miles on State Highway 27 to 260th Street. Property will be located west of the intersection. Look for the Peoples Company sign.


Description

Iowa DOT Tract 8 - Offering 0.09 acres m/l of land in Bremer County, Iowa! There is potential for signage along Larrabee Avenue if allowed by local Bremer County zoning laws. According to a 2017 DOT traffic survey, 9,000 cars pass by this property on a daily basis. This tract is located on the north end of Denver, IA along Larrabee Avenue in Section 23 of Jefferson Township. Access from Larrabee Avenue is Prohibited.

Legal Description

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

Details
  • Acres: 0.09 Acres M/L
  • MLS Number: 600039
  • Parcel Number: 1023226006
  • School District: Denver Community School District
  • CSR2: 50.00

Directions

From Denver, Iowa: Travel North on North State Street / Larrabee Avenue for 0.75 miles. Property is found on the west side of the road. Look for the Peoples Company sign.


Description

Iowa DOT Tract 9 - Offering three parcels totaling 0.87 acres m/l of land in Franklin and Hardin County, Iowa! There is potential to farm this tract with the parcels carrying a CSR2 of 94 (per Surety AgriData – soil structure may have changed during prior road construction). There is also potential for signage along Sherman Avenue if allowed by the local zoning laws. According to a 2017 DOT traffic survey, 1,450 cars pass by this property daily. This tract is located in the town of Ackley, IA in Section 36 of Osceola Township in Franklin County and Section 1 of Etna Township in Hardin County. Access from Sherman Avenue is prohibited.

Legal Description

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

Details
  • Acres: 0.87 Acres M/L
  • MLS Number: 600042
  • Parcel Number: 891902227004
  • School District: AGWSR School District
  • CSR2: 94.00

Directions

Starting at the intersection of Sherman Avenue and Franklin Street, in Ackley, Iowa: Travel east on Sherman Avenue for approximately 0.4 miles. One parcel (#891902227004: Hardin County) will be found on the south side of the road and the other two parcels are found on the north side of the road in Franklin County. Look for the Peoples Company sign.


Description

Iowa DOT Tract 10 - Offering 0.06 acres m/l of land in Pottawattamie County. There is potential to farm this tract with a CSR2 of 95 (per Surety AgriData – soil structure may have changed during prior road construction). According to a 2015 DOT traffic survey, 590 cars pass by this property daily. This tract with a good access point off of 270th Street, is located west of McClelland, IA in Section 3 of Hardin Township, Pottawattamie County.

Legal Description

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

Details
  • Acres: 0.06 Acres M/L
  • MLS Number: 600047
  • Parcel Number: 754203100006
  • School District: Underwood Community School District
  • CSR2: 95.00

Directions

From McClelland, Iowa: Travel east on Idlewood Road for 0.5 miles until 270th street. Turn south on 270th Street and continue for approximately 0.5 miles. The property will be to the east. Look for the Peoples Company sign.


Description

Iowa DOT Tract 11 - Offering 10.00 acres m/l of land just off of the I-80 exit in Stuart, IA! This property is adjacent to both residential zoned property and tillable land. There is potential to farm this tract with a CSR2 of 85.6 (per Surety AgriData – soil structure may have changed during prior road construction). On top of the agriculture potential, this property would be a prime location for building sites just off of Stuart Road if allowed by local Adair County zoning laws and City of Stuart. According to a 2016 DOT traffic survey, 1,300 cars pass by this property daily. This tract has good current access and is located south of Stuart, IA in Section 9 of Lincoln Township in Adair County.

Legal Description

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

Details
  • Acres: 10.00 Acres M/L
  • MLS Number: 600049
  • Parcel Number: 0409100003
  • School District: West Central Valley Community School District
  • CSR2: 85.60

Directions

From Exit 93 on Interstate 80: Travel south from Stuart, Iowa on Stuart Road for approximately 0.5 miles. Driveway will be located on the east side of the paved road. Look for the Peoples Company sign.


Description

Iowa DOT Tract 12 - Offering 0.12 acres m/l of R-3 Mixed Residential zoned land in Bettendorf, Iowa! There is potential for a building site or signage along Grant Street and State Street if allowed by local City of Bettendorf zoning laws. According to a 2018 DOT traffic survey, 22,300 cars pass by this property on a daily basis. This tract is located in downtown Bettendorf, IA along State Street and Grant Street. Access to this property is prohibited from U.S. Highway 67/Grant Street.

Legal Description

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

Details
  • Acres: 0.12 Acres M/L
  • MLS Number: 600052
  • Parcel Number: 84295510509, 842955104091
  • School District: Bettendorf Community School District

Directions

The property is located west of the intersection of U.S. Highway 67 and 12th Street on the south side of the road. Look for the Peoples Company sign.


Description

Iowa DOT Tract 13 - Offering 0.15 acres m/l of land in Bettendorf, Iowa! There is potential for a building site, personal residence, or signage along allowed by local Bettendorf zoning laws. Access is allowed from both 12th Street and Brown Street. This tract is located within the City of Bettendorf, IA at the intersections of 12th Street, 13th Street, and Brown Street.

Legal Description

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

Details
  • Acres: 0.15 Acres M/L
  • MLS Number: 600053
  • Parcel Number: 84295510607, 84295510507
  • School District: Bettendorf Community School District

Directions

From the intersection of U.S. Highway 67 and 12th Street: Travel west for approximately 0.1 mile to 10th street. Turn right (north) onto 10th Street and travel north to Brown Street. Turn right (east) on Brown Street and travel to 12th Street. Property will be located southeast of the intersection. Look for the Peoples Company sign.


Description

Iowa DOT Tract 14 - Offering 0.23 acres m/l of C-3 General Business zoned land in Bettendorf, Iowa! There is endless potential multiple types of businesses or signage along Grant Street/U.S. Highway 67 if allowed by local Bettendorf zoning laws. According to a 2018 DOT traffic survey, 22,300 cars pass by along U.S. Highway 67 daily. This tract is located within the City of Bettendorf and has alley access. Access from U.S. Highway 67 is prohibited.

Legal Description

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

Details
  • Acres: 0.23 Acres M/L
  • MLS Number: 600054
  • Parcel Number: 84295610901
  • School District: Bettendorf Community School District

Directions

From the intersection of U.S. Highway 67 & 12th Street: Travel south one block to State Street. Travel east one block to 13th Street. Travel north to alleyway for access to the property. Look for Peoples Company sign.


Description

Iowa DOT Tract 15 - Offering 0.04 acres m/l of C-2 Community Commercial zoned land in Bettendorf, Iowa! There is potential for signage or advertising along Grant Street/U.S. Highway 67 if approved by local Bettendorf, Iowa Planning & Zoning. According to a 2018 DOT traffic survey, 22,300 cars pass by this property daily. This tract is located within the City of Bettendorf and has alley access. Access from U.S. Highway 67 is prohibited.

Legal Description

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

Details
  • Acres: 0.04 Acres M/L
  • MLS Number: 600055
  • Parcel Number: 84295610601
  • School District: Bettendorf Community School District

Directions

From the intersection of U.S. Highway 67 & 12th Street: Travel south one block to State Street. Travel east one block to 13th Street. Travel north to alleyway for access to the property. Look for Peoples Company sign.


PHOTOS

Tract 1 Photos

Tract 2 Photos

Tract 3 Photos

Tract 4 Photos

Tract 5 Photos

Tract 6 Photos

Tract 7 Photos

Tract 8 Photos

Tract 9 Photos

Tract 10 Photos

Tract 11 Photos

Tract 12 Photos

Tract 13 Photos

Tract 14 Photos

Tract 15 Photos