Timed Online Real Estate Auction
203 S. Maple Ave. • Logan, IA 51546
ONLINE BIDDING
Bidding Opens: Friday, July 31, 2026 • 10:00 a.m.
Bidding Begins Closing: Friday, August 7, 2026 • 10:00 a.m.
LEGAL DESCRIPTION: W 150′ Lots 1 & 2, Block 56
Property Address: 203 S. Maple Ave., Logan, IA 51546
Lot Size: 120′ × 150′
Building: 2,184 Sq. Ft. Commercial Building
Zoning: Commercial
Additional Improvements: Block Storage Building
Income Potential: Existing Billboard Producing Rental Income
Annual Real Estate Taxes: $1,883.00
Auction Closes: Friday, August 7, 2026 • 10:00 a.m. with a soft close
PROPERTY HIGHLIGHTS
Commercial properties offering this combination of visibility, location, and versatility rarely become available in Logan.
Formerly home to Seeley Trailer Sales, this well-known property has served the community for many years and is now ready for its next chapter.
Situated on a generous 120′ × 150′ commercially zoned lot, the property features a 2,184 square foot commercial building, an additional block storage building, and an existing billboard that generates rental income. Whether you are looking for retail space, office space, a contractor’s shop, warehouse, storage facility, investment property, or redevelopment potential, this property offers exceptional possibilities.
Property Features
- Prime commercial location
- Highly visible location with excellent accessibility
- Zoned Commercial
- 2,184 sq. ft. commercial building
- Large 120′ × 150′ lot
- Additional block storage building
- Overhead doors
- Existing billboard generating rental income
- Excellent business exposure
- Endless possibilities for business, investment, or redevelopment
OPEN HOUSE DATES
Inspect the property during one of the scheduled open houses:
Thursday, July 23, 2026 • 5:00–7:00 p.m.
Friday, July 31, 2026 • 5:00–7:00 p.m.
Thursday, August 6, 2026 • 5:00–7:00 p.m.
Private showings are also available by appointment.
To schedule a private showing, contact the Logan Office at 712.644.2151.
REAL ESTATE TAXES
Annual real estate taxes are $1,883.00 and will be prorated to the date of closing.
METHOD OF AUCTION
The property will be offered by Timed Online Real Estate Auction and sold on a total dollar basis through www.spencergroups.com, subject to Seller confirmation.
SELLER CONFIRMATION
Your bid is not subject to financing or any other contingencies.
The Seller reserves the right to accept or reject the final high bid on or before 5:00 p.m. on August 7, 2026.
If the Seller accepts the final high bid, the successful Buyer shall immediately execute a Real Estate Purchase Agreement and deposit 10% of the purchase price as a non-refundable earnest money deposit into the Blair Title Trust Account, where it shall remain until closing.
CLOSING
The Seller shall provide the Buyer with an updated abstract of title.
The Buyer shall obtain a title opinion prepared by an attorney of the Buyer’s choice.
Closing shall occur on or before September 4, 2026.
The Buyer and Seller shall each pay their customary closing costs associated with a real estate transaction. In addition, the Buyer shall pay the $300 closing fee charged by Blair Title for facilitating the closing of this transaction.
Possession shall be given at closing unless otherwise agreed upon by the parties.
AUCTIONEER’S NOTE
This is an outstanding opportunity to purchase a well-known commercial property in the heart of Logan. Formerly home to Seeley Trailer Sales • Service • Rentals, this property has served the community for many years and is ready for its next chapter.
The property offers a 2,184 square foot commercial building situated on a 120′ × 150′ commercially zoned lot, along with an additional block storage building and an existing billboard that provides rental income. Its excellent location and visibility make it well suited for retail, office, service, contractor, warehouse, storage, investment, or redevelopment uses.
Whether you are an investor, entrepreneur, or established business owner, this property presents an excellent opportunity to own a highly visible commercial property in Logan. We encourage all prospective buyers to inspect the property, complete their own due diligence, and register to bid online.
TERMS & CONDITIONS
Announcements made by the Auctioneer on auction day or emailed to registered bidders shall take precedence over any previously printed material or oral statements.
The property is being sold AS IS, WHERE IS, with no warranties or representations, either expressed or implied, made by the Seller or the Auction Company.
Prospective purchasers are responsible for conducting their own inspections, investigations, inquiries, and due diligence prior to bidding.
All information contained in this brochure is believed to be accurate; however, it is subject to verification by all interested parties. Neither the Seller nor the Auction Company assumes responsibility for errors, omissions, or inaccuracies.
All sketches, dimensions, aerial photographs, and maps are approximate and are based upon GIS aerial photography, county assessor records, and other sources believed to be reliable.
The conduct of the auction, bidding increments, and resolution of any bidding disputes shall be at the sole discretion of the Auction Company.
AGENCY DISCLOSURE
Spencer Auction Group, Ed Spencer Real Estate & Farms America, Inc., its brokers, auctioneers, agents, and associates represent the Seller exclusively in this transaction.
OWNERS
Seeley Family Revocable Trust
Kohorst, Fischer, Plumb Law Firm – Attorney for the Trust
Contact Ed Spencer, Broker/Auctioneer 402.510.3276 or Hannah Johnsen Broker Assoc./Auctioneer 712.592.9794 with questions.
Ed Spencer Real Estate/Farms America/Spencer Auction Group, 322 E 7th St. Logan, IA 51546
Office: 712.644.2151