Online only auction of unique commercial property situated on a .70-acre lot with excellent exposure and high traffic counts in SHELDON, IA
This Property Features An Approx. 8,376 square foot building
which offers showroom space, heated shop space and storage space!
Auction Date & Time: October 29, 2026 @6:00 P.M.
Property Address: 420 N. Second Ave., Sheldon, IA 51201
Legal Description: A parcel of land in the Northwest Quarter of the Southeast Quater (NW ¼ SE ¼) of Section Thirty (30) in Township Ninety-Seven (97) North Range os Forty-Two (42) West of the Fifth Princial Meridian (5th PM), in the City of Sheldon, referred to as Parcel P, and containing 30,490 Square Feet, more or less, according to the Palt of David L> Wilberding, L.S., as recorded as inst.#2008-0440 (Plat Book 5-95); subject to established highway
General Description: Location, visibility, and potential come together with this unique commercial property situated on a .70-acre lot with excellent exposure and high traffic counts. Whether you’re an investor, entrepreneur, established business owner, or simply looking for your next opportunity, this property offers plenty of possibilities. The existing commercial building was originally constructed in 1951 with an addition completed in 1988 with a total of approx. 8,376 square which includes an approx. 1656 square foot showroom area! This building offers showroom space, office space, heated shop space, overhead doors and storage space! This building has Asphalt shingles on the West Additon and the remainder of the building is a flat roof. This property is currently serviced with electric but the water and gas service has been turned off. The building could use some TLC but with strong visibility and an affordable entry point, this property could be an excellent fit for a new business venture, investment property, expansion of an existing operation, or an additional location for an established business. Commercial properties with this combination of exposure, lot size, affordability, and potential don’t come along every day. Take advantage of this rare opportunity and bid with your future plans in mind! This property offers great potential for the right person for either a business use or a personal use! When an opportunity to purchase a commercial property on a well traveled road arises it is something that you want to give serious thought to purchasing! The adjoining owner to this property does have an easement to use the driveway on this property to access their adjoining property. This property did at one time have a fire in the building at one time that was partially repaired. All buyers are solely responsible to visit with Zoning/City to ensure that their intended use for the property will be permitted.
Taxes: The current Real Estate Taxes according to the O’Brien County Treasurer are approx. $1,994.00 per year. Seller will pro-rate the taxes to the date of closing.
Method of Sale: This property will be sold in total dollars on an online only auction! All bidding will take place online at zomercompany.com. An auto extension feature will be utilized. It is recommended to be logged in and registered on two devices for the auction as the auction is closing. Auction will close for bidding on October 29, 2026, beginning at 6:00 P.M.
Possession: December 4, 2026.
Closing Day: Closing day shall on or before December 4, 2026.
Terms: Purchaser(s) shall be required to pay a non-refundable $10,000 of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before December 4, 2026, when the buyer shall receive a clear and merchantable title to the property. This property is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Seller does not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. All measurements, footages, years built etc. are not guaranteed and buyers are encouraged to do buyers due diligence. The building on this property does need some TLC and is being sold as is, where is. Any announcements made day of the auction will supersede any advertisements. Buyers are responsible for complying with all zoning and permitted uses and are solely responsible to check with City of Sheldon Iowa to verify that their intended use for the property will be permitted. Auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the seller.
Auction Company:
Zomer Company
1414 Main St., Rock Valley, IA 51247
www.zomercompany.com
712-476-9443