Farm Auction Guide

AUCTION

Commercial/Industrial Building

57745 190th St.,

Pacific Junction, Iowa

Adjacent to the I-29 & Hwy 34 intersection west of Glenwood, Iowa

Saturday,

December 5, 2009    

10 am

*24,000 square ft. American Steel Building on 4.65 Acres*

*Black Top Lot with 30 Parking Stalls*  

*Additional Grass Parking*

*Excellent Location*   *Multiple Use Possibilities*

BUILDING DESCRIPTION: Built in 1971, this American steel building is located west of Interstate 29 at the US Hwy 34 intersection, just a 30 minute drive south of the Omaha/Council Bluffs Metro area. This building offers 24,000 square feet of space with 12 foot sidewalls, an interior roof peak of 22 feet and 15 columns (25’ x 40’ bays). The sidewalls and entire roof are insulated and the sidewalls have been sheet rocked. Two-thirds of the building has dropped ceiling and one-third of the building has open ceiling. The floor is four inch, reinforced concrete. Presently, the building interior is divided into a 20’ x 21’ lobby; a 23’ x 100’ show room; a 100’ x 110’ main show room; a 31’ x 20’ office; a 14’ x 20’ break room; a 6’ x 14’ utility room; three bathrooms; and a heated 80’ x 100’ storage room with 10’ x 12’ overhead door.

LEGAL DESCRIPTION: S 400’ NW ¼ SW ¼ except E .77 acres in Section 8-T72N-R43W of 5^th PM, Mills Co. IA

LOT SIZE:  4.56 acres (this reflects east .77 acre taken by DOT for new intersection to be built for new bridge into NE)

GROSS TAXES:  $9738 (estimated)    YEAR BUILT: 1971     ZONED: Commercial

HEAT: entire building heated by forced air, propane, two 1,000 gal tanks are leased   A/C: entire building air conditioned

ELECTRICITY: MidAmerican Energy, 7,200 volt line, 600 amp service, 100 KVA transformer at building, III Phase voltage added in 1986. WATER: private well, 65 ft. deep, submersible pump, 11 GPM flow; city water now available near site  

EASEMENT: Natural gas pipeline easement, 66’ wide

AUCTIONEER’S NOTE TO POTENTIAL BUYERS: This property has been on the market, priced at $900,000+, for quite some time. The minimum bid at this auction will be $450,000. The property will sell if the minimum bid is exceeded.

TERMS: 10% down sale day, to be held in Broker’s Trust Account with balance due by cashier’s check at closing. If sale fails to close for buyer-related reason, buyer forfeits down payment to seller.  

CLOSING: On or before Tuesday, December 29, 2009 . 

TITLE:  Seller will provide an updated abstract showing merchantable title. Sale is subject to all easements of record.  

INSPECTION: Buyers should call auctioneers for information & to set up an appointment to see the property. Inspection period closes at beginning of auction.  AGENCY:  CENTURY 21 Rubey Realty and its representatives are seller’s agents. 

ATTENTION BIDDERS: Information in this bill was collected from sources deemed reliable.  Auctioneers and sellers assume no responsibility for its accuracy.  Bidders are advised to do their own research. Property sells “AS IS”.

Bob & Mary Biede, Owners

See pictures on www.Auctionbill.com

 CENTURY 21 Rubey Realty – Broker

Clint Rubey – Auctioneer         Rubey Auction Company – Clerks

1000 A Broadway, Red Oak, Iowa 51566    

712-623-2724   Email c21cw@aol.com