Property Info

Description

Clinton County, Iowa Packing Plant - Situated in the heart of the Midwestern Corn Belt, Peoples Company presents this turnkey, eastern Iowa packing plant located within the city limits of Camanche, Iowa. The packing plant will be offered through a Sealed Bid Sale Method where Buyers must submit their bid before 5:00PM (CST) on Wednesday, May 22nd, 2024.

Located directly northeast of the U.S. Highway 67 and 7th Avenue intersection, this USDA inspected, medium-sized packing plant, built in 2022, is situated on 12.50 acres m/l and includes approximately 25,684 square foot of floor space. The throughput when the plant was fully operational was 40-45 head per day with an opportunity to expand 80 head per day on the current footprint. Additionally, the facility is designed to easily expand to 150 head per day on a single shift or 300 head per day on two shifts to achieve greater economies of scale. Currently zoned commercial (Heavy Industrial, see attached Zoning Map & Permitted Principal Uses and Requirements), the plant has electricity through MidAmerican and is connected to all city utilities, with a modern wastewater system to pre-clean the water before sending it back to the city.

The plant is currently fitted to handle 40-45 head per day for the hotbox, carcass cooler, and refrigerated cold storage. The southernmost portion of the plant contains a number of offices with one large boardroom, two separate locker rooms available for employees, and a large eating area that can also serve for presentations to large groups. There are two overhead load-out doors located on the southeast corner of the plant that allow efficient loading of perishable products to transport to distributors and retailers across the nation. Additionally, there is a notable retail space on the west side of the plant facing 7th Avenue that provides direct-to-customer sales for additional revenue opportunities. Located immediately adjacent to U.S. Highway 67, minutes from U.S. Highway 30, and 20 miles from Interstate 80, this plant's prime location provides immediate interstate access to large metropolitan markets within a five hour radius along with a transportation system to bring in feed and grain.

The secured gate entry into the facility is located on the northwest corner of the property and has two gated entrances with one devoted to shipping & receiving traffic and another for car traffic. Upon entry into the facility, there is a foundation for truck scales located just south of the loading docks that has a buried electrical line to the foundation, but the deck and weigh bars would need to be installed. The livestock unloading area, located on the north side of the facility, consists of two chutes to accommodate both semis or fifth-wheel/bumper hitch trailers by various sized livestock producers. There is over 42,300 square feet of concrete parking lots located around the facility.

According to Grow Clinton, Community and Economic Development there is a large, robust manufacturing workforce pool available in the immediate area (see attached Clinton, Iowa Laborshed Area Executive Summary). There may be additional Iowa Economic Development Authority (IEDA) statewide incentive programs to offset some of the costs incurred to locate, expand, modernize, promote growth of an Iowa facility, and/or industrial new jobs training (260E). In addition, there is a 10-year property tax abatement available from the City of Camanche, Iowa. Contact listing agents for additional information or available contacts to refer for immediate assistance.

As the demand for beef and ground beef private label brands have steadily increased over the last two decades, should a Buyer want to expand the cooler space or processing capacity of the plant, focus on shifting into custom portioning or grinding, vary the types of livestock harvested for developing markets, or adapt the plant to operate under many different styles of production, there is an adequate footprint to expand and modify the facility should it be an option for future, long-term business endeavors.

To request a full information package and access to the data room, please contact Doug Bear or Andrew Zellmer. Access to the data room will be granted upon execution of a Non-Disclosure Agreement.

Legal Description

Tract includes "Parcel F" located in the Northwest Quarter of the Northwest Quarter in Section Twenty-seven (27) North, Township Eighty-one (81) North, Range Six (6) West of the 5th P.M. in Clinton County, Iowa. Exact legal description to be taken from Abstract.

Directions

From City Hall in Camanche, Iowa: Head north on 9th Avenue and turn right (east) onto S. Washington Blvd. Continue for 1 mile and turn left onto U.S. Highway 67 and continue for 0.50 miles and take the first exit from the roundabout. The facility will be located on the east side of 7th Avenue.

From Clinton, Iowa: Travel south out of town on U.S. Highway 67/S 4th Street for approximately 3 miles and turn left (south) and continue for approximately 1.25 miles and take the first exit from the roundabout. The facility will be located on the east side of 7th Avenue at 1902 7th Avenue.

Sign On Property: Yes
MLS Number: 692826
Parcel Number: 1018761000
School District: Camanche Community School District
General Area: Camanche, Iowa
Gross Taxes: $67,916.00
Water: City of Camanche
Sewer: City of Camanche
Building Type: Warehouse
Construction Type: 8" Concrete Walls, Metal Roof
Zoning: Commercial
Year Built: 2022

360° Tour

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Interactive Map

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Video

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Downloads

Sealed Bid Terms and Conditions

Site Plan

Plant Layout

City of Camanche, Iowa Zoning Map

Chapter 2 - City of Camanche Community Protection Nuisances

Chapter 3.6.8 - City of Camanche Permitted Principal Uses and Requirements

Chapter 18 - City of Camanche Zoning Ordinances

Clinton, Iowa Laborshed Area Executive Summary (2021)

Clinton County Map - Transportation Network

Marketing Brochure

Data Room

If you are interested and would like access into the Data Room, please contact Doug Bear at Doug.Bear@PeoplesCopmany.com. All interested parties will be required to sign a Non-Disclosure Agreement (NDA) and once this NDA is completed, you will be provided access into the Data Room.

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Auction Details & Terms

Auction Location Map

Sale Terms and Conditions: Peoples Company is handling the sale of the beef packing plant located in Camanche, Iowa through a Sealed Bid Sale.

Sealed Bid Submittal Process & Deadline: Sealed Bids, in written or electronic format, for the Property will be due no later than 5:00 P.M. CST, on Wednesday, May 22nd, 2024, to the following:

Doug Bear
Peoples Company
12119 Stratford Drive, Suite B
Clive, IA 50325
Doug.Bear@PeoplesCompany.com

Sealed Bids for the Property shall be submitted on the Sealed Bid Submittal Form that can be obtained by contacting Listing Agent Doug Bear by phone at (515) 745.3192 or by email at Doug.Bear@PeoplesCompany.com. Handwritten bids, if legible, may be acceptable in the Seller and Broker’s sole discretion. Please complete each blank field provided in the Sealed Bid Submittal Form. Bids can be submitted via mail or email but must be received by the deadline date in order to be considered.

Upon the receipt of all submitted bids, the Seller may accept or reject any bid or offer, enter into negotiations with one or more Bidders, or withdraw the Property from market without notice. Upon the Seller’s acceptance of any bid or offer, the winning Bidder and Seller shall enter into a binding Offer to Buy. The Seller shall not be obligated or bound to sell the Property until Seller has entered into a fully executed, definitive Offer to Buy.

Agency: Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge that they are representing themselves in completing the sales transactions.

The Sealed Bid Terms & Conditions can be referenced in their entirety in either the Attachments Section or in the marketing brochure.