Burlington, IA Commercial Real Estate Auction

Farm Auction in 1201 South Main Street Burlington, IA 52601, Burlington Iowa, United States

30 Tuesday
30th March, 2021

Burlington, IA Commercial Real Estate Auction

Farm Auction in 1201 South Main Street Burlington, IA 52601, Burlington Iowa, United States

Tuesday at - 30th March , 2021

Description

Three Bay Automotive Shop & Garage on Corner Lot in Burlington, IA! For information contact Nate Larson at Steffes Group, 319.385.2000 or 319.931.3944

Commercial Real Estate Auction

BURLINGTON, IOWA
Located at 1201 South Main Street, Burlington, IA 52601


Bidding Opens: Tuesday, March 30th      

Bidding Closes: Tuesday, April 6, 2021 at 3PM


Open House on Monday, March 22nd from 1-3PM



THREE BAY AUTOMOTIVE SHOP & GARAGE ON CORNER LOT

  • 27’x41’ automotive shop with (3) 10’x10’ overhead doors and a 22’x16’ office & ½ bath, built in 1938
  • Approx. 41’x51’ detached garage with 9’x10’ overhead door, built in 1935
  • 0.583 acre corner lot with concrete parking area
  • Zoned C-2

 

Not included:LP tank, 3 vehicle lifts, Air compressor, All attached & unattached automotive equipment & shelving.
Included: Any item present on the day of the real estate closing.

Real Estate Terms:

Terms:10% down payment on April 6, 2021.  Balance due at closing with a projected date of May 21, 2021, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of May 21, 2021.

Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.


Real Estate Taxes – Tax Parcel 16-04-363-016

Net                              $1,280
Assessed Value:    $59,000



Special Provisions:

  • This online auction will have a 5% buyer’s premium.  This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
  • Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures.
  • This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
  • This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
  • Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
  • If in the future a site clean-up is required, it shall be at the expense of the buyer.
  • The buyer acknowledges that buyer has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the condition of the real estate.
  • Steffes Group, Inc. is representing the Seller.
  • Any announcements made the day of sale take precedence over advertising.

 

Don’t miss the Timed Online Auction

of the Vehicles & Automotive Equipment

Rings 1-3 - Located at 1201 South Main Street, Burlington, IA 52601
Rings 1-3 -  Loadout: Thursday, April 8th - 9AM - 4PM and Friday, April 9th - 9AM - 2PM

Bidding Opens: Tuesday, March 30th

Bidding Closes: Tuesday, April 6, 2021

 

RING 1 - Cars, Cube Van, Trucks & Camper

RING 2 - Lifts, Air Compressor & Shop Equipment

RING 3 - Golf Cart, Riding Mowers, Oils, Tires & More

RING 4 - Mobile Home, Hand Guns, Furniture & Household Items

 

Delbert S. Holtkamp Estate
Farmers & Merchants Bank & Trust – Executor
Kelli S. Johnson – Trust Officer
Sara L. Haas – Attorney for Estate


For information contact Nate Larson at Steffes Group,
319.385.2000 or 319.931.3944

Disclaimer


TERMS & CONDITIONS All items sold AS IS WHERE IS. Payment (Cash or Check) must be made sale day before removal of items. Announcements made sale day take precedence over all previous advertising. Titles (if any) will be mailed to buyers within two weeks of auction date. A document fee of $35 applies to all titled vehicles.


International buyers please check your importing regulations prior to bidding. Real Estate terms and conditions will vary per auction.    


WEBSITE ADDRESSES (ONLINE & ONLINE ONLY) www.steffesauctioneers.com   www.IQBID.com    


CORPORATE OFFICE


Steffes Auctioneers Inc.


2000 Main Avenue East


West Fargo ND 58078-2210


Phone: (701) 237-9173(701) 237-9173


Toll Free: (800) 726-8609(800) 726-8609


Fax: (701) 237-0976


E-Mail: [email protected]  [email protected]


AUCTIONEER LICENSES

Scott Steffes ND81 & MN14-51


Bob Steffes ND82 & MN14-09


Brad Olstad ND319 & MN14-70


Clark Sather ND463 & MN54-05      


REAL ESTATE MARKETING


Scott Steffes, Broker


Rodney Steffes, Licensed Sales Associate


Geri Paul, Licensed Sales Associate


Ashley Huhn, Licensed Sales Associate    


LITCHFIELD OFFICE


Steffes Auctioneers Inc


24400 MN Highway 22 South


Litchfield, MN 55355


Phone: (320) 693-9371(320) 693-9371  


Fax: (320) 693-9373


Email: [email protected]


[email protected]


[email protected]


[email protected]




AUCTIONEER LICENSES


Eric Gabrielson, MN47-006, ND890


Ashley Huhn, MN47-002, ND843


Randy Kath, MN47-001, ND894

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