Wapello County, IA, Jefferson County, IA, Muscatine County, IA, Clayton County, IA, Pottawattamie County, IA, Mills County, IA, Union County, IA, Warren County, IA,
0.00 Acres M/L

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Listing #14048

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Property Info

Description

Peoples Company is offering 24 individual tracts owned by the Iowa Department of Transportation through an ONLINE ONLY auction where all bidding must be done online or through Peoples Company’s bidding app. Bidding will be LIVE until the end of the auction on Wednesday, January 10th, 2018. Bidding for all tracts will end on Wednesday, January 10th, 2018 with the closing to take place on tracts 1 – 12 on or before Wednesday, February 14th, 2018 and tracts 13 – 24 to take place on or before Wednesday, March 14th, 2018. The tracts include commercial development land, tillable farmland, recreational property, and a commercial building and are located in 15 Iowa Counties.

Legal Description

Long legal description on file. Full legal description can be found in the attachments under "Survey with Legal Description". *Full legal description will be taken from the State Land Patent provided by the State of Iowa.

Online Bidding: Yes
Auction Date: Jan 10, 2018
Terms: Cash

Additional Info

Please click the "Bid Online" button located above the property description for information on each specific tract and to bid on this and the other properties.

Taxes: Iowa DOT is a tax exempt organization and there will be no tax proration at closing. Property will be added to the tax roll once the property has been transferred to the new owner. Call Agent for Details.

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Auction Details

Auction Terms & Details:

Bidding Concludes Wednesday, January 10th, at 4:00 PM Central

Peoples Company is handling the sale of 24 properties owned by The Iowa Department of Transportation through their Online Auction Service. These tracts are grouped as tracts 1 - 12 and Tracts 13 - 24. Properties are located in 15 Iowa Counties including: Calhoun, Clayton, Greene, Jasper, Jefferson, Mills, Muscatine, O’Brien, Osceola, Polk, Pottawattamie, Tama, Union, Wapello, and Warren. Properties included in the auction consist of tillable farmland, future development land, recreational properties, and a commercial building.

All bidding concludes on Wednesday, January 10th, 2018 with Tract 1 – 12 closing at 2:00 PM Central Time Zone (CST) and Tracts 13 - 24 closing at 4:00 PM Central Time Zone (CST).

A bid placed within 5 minutes of the scheduled close of the auction will extend bidding by 5 minutes until all bidding is completed. If you plan to bid, please register 24 hours prior to close of auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.

ALL BIDS ARE TOTAL PRICE AND NOT PER ACRE.

Purchase Agreement and Earnest Money:
The Winning Bidder will receive an “Offer to Buy” document from the Iowa DOT shortly after the conclusion of the auction and will serve as the purchase agreement for the tract being purchased. A 10% earnest money payment is required upon conclusion of the auction and must be received by Peoples Company within two (2) business days from the day of the auction. Earnest money will need to be received prior to Seller receiving possession of the property (Possession given by signing the Mutual Benefit Lease). The balance of the purchase price will be due on or before the closing date of Wednesday, February 14th, 2018 for Tracts 1 - 12 and Wednesday, March 14th, 2018 for Tracts 13 - 24.

Closing and Possession:
Possession will be granted through a “Mutual Benefit Lease” to be signed upon conclusion of the auction by the Winning Bidder for each tract and the Seller. Once the Mutual Benefit Lease is signed and earnest money is deposited, possession of the property will be granted to the Winning Bidder. This lease will terminate once the State Land Patent is received by the Winning Bidder. Balance of purchase price is due and payable on or before the closing date of Wednesday, February 14th, 2018 for Tracts 1 - 12 and Wednesday, March 14th, 2018 for Tracts 13 - 24. If the balance is not paid on or before closing, the Buyer risks forfeiting the 10% earnest money and cancellation of the Mutual Benefit Lease.

Farm & Building Leases:
All leases have been terminated on these properties and possession will be given once the Mutual Benefit Lease is signed by Winning Bidder and Seller.

Surveys:
All properties have been surveyed. Surveys will be recorded with the county recorder's office for which that property is located. This will be recorded along with the State Land Patent.

Title Information:
Title will be granted when the State of Iowa issues a Land Patent Deed approximately 60 - 90 days after the conclusion of the auction. Buyer will not receive an abstract of title. Should a Buyer want an abstract of title and / or a title search completed, it shall be at their sole discretion, responsibility, and expense. Once all monies are received, Buyer should allow for 60 - 90 days for issuance of the State Land Patent.

Access to the Property:
Neither the Seller nor Peoples Company guarantee access to the properties. Winning bidder will be responsible for acquiring access to the properties at their sole expense. Call Agent for details with access questions. Please do not assume access to the property.

Other Auction Terms:
This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties or guarantees, expressed or implied, made by the Auctioneer or Seller.

Seller reserves the right to accept or reject any and all bids.

Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.
We obtained the marketing information from sources we believe to be reliable. However, we make no guarantee, warranty or representation about it. We include projections, opinions, assumptions or estimates for example only and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Interactive Map

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.

Tract 19 - 1211 Berdan Street, Eddyville, IA 52553

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Attachments

Description

Iowa DOT Online Auction (Tract 19) – Potential building site consisting of 0.64 surveyed acres m/l of land located along the Wapello/Mahaska County line on the eastern edge of Eddyville, Iowa. This property offers paved road frontage and is currently zoned residential. With the Eddyville-Blakesburg-Fremont Junior/Senior High just ½ mile away this could be an ideal spot to build a home. *Please check with the City of Eddyville to check on building permit availability and restrictions. **This is tract 19 of a 24 tract auction that Peoples Company is handling through their online auction service. Contact Agent for more details on this property or how to place a bid online.

Legal Description

Details

Acres: 0.00 Acres M/L

Directions

From Eddyville-Blakesburg-Fremont Junior/Senior High, travel west along Berdan Street for ½ mile. The property is located on the south side of the road, watch for signs.

Tract 20 - US Highway 34, Agency, IA 52530

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Description

Iowa DOT Online Auction (Tract 20) – 0.47 surveyed acres m/l of recreational land located along US Highway 34, just east of Fairfield, Iowa. Property offers highway frontage and is not currently zoned, however adjacent land zoning is agriculture. There is no access to this property. Winning Bidder will be responsible to obtaining access at their sole expense. **This is tract 20 of a 24 tract auction that Peoples Company is handling through their online auction service. Contact Agent for more details on this property or how to place a bid online.

Legal Description

Details

Acres: 0.00 Acres M/L

Directions

From Agency exit along US Highway 34, travel east along highway for one mile. The property is located on the south side of the road, watch for signs.

Tract 21 - US Highway 34, Fairfield, IA 52556

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Description

Iowa DOT Online Auction (Tract 21) – 8.14 surveyed acres m/l of recreational land including a large pond located along US Highway 34, just east of Fairfield, Iowa. Property offers highway frontage and is not currently zoned, however adjacent land zoning is agriculture. The pond has a surface area of more than 3.5 acres m/l. **This is tract 21 of a 24 tract auction that Peoples Company is handling through their online auction service. Contact Agent for more details on this property or how to place a bid online.

Legal Description

Details

Acres: 8.00 Acres M/L

Directions

From Fairfield, travel east on US Highway 34 Business for approximately 2 miles to the intersection of US Highway 34. Continue east for 2 miles and the property will be on the north side of the road, watch for signs.

Tract 22 - US Highway 61, Muscatine, IA 52761

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Description

Iowa DOT Online Auction (Tract 22) – 0.71 surveyed acres m/l of land located along US Highway 61, just west of Muscatine, Iowa. Property offers over highway frontage and is not currently zoned, however adjacent land zoning is agriculture and residential. There is no access to this property. Winning Bidder will be responsible to obtaining access at their sole expense. **This is tract 22 of a 24 tract auction that Peoples Company is handling through their online auction service. Contact Agent for more details on this property or how to place a bid online.

Legal Description

Details

Acres: 0.00 Acres M/L

Directions

From Downtown Muscatine: Travel southwest on West Mississippi Drive to Hershey Street. Head west of Hershey Avenue for 3 miles to US Highway 61. Travel south of US Highway 61 for 3.5 miles. Continue southwest on US Highway 61 for approximately 2 miles and the property will be located on the northwest side of the road, watch for signs.

Tract 23 - US Highway 61, Muscatine, IA 52761

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Description

Iowa DOT Online Auction (Tract 23) – 2.45 surveyed acres m/l of commercial land located along US Highway 61, just west of Muscatine, Iowa. Property offers over 1,800 ft. of highway frontage. Land is currently zoned Commercial. **This is tract 23 of a 24 tract auction that Peoples Company is handling through their online auction service. Contact Agent for more details on this property or how to place a bid online.

Legal Description

Details

Acres: 2.00 Acres M/L

Directions

From Downtown Muscatine: Travel southwest on West Mississippi Drive to Hershey Street. Head west of Hershey Avenue for 3 miles to US Highway 61. Travel south on US Highway 61 for 2.5 miles. Property will be located on the west side of the road, watch for signs.

Tract 24 - 1st Street/IA Highway 76, Marquette, IA 52157

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Description

Iowa DOT Online Auction (Tract 24) – 0.17 surveyed acres m/l of commercial land located just south of US Highway 18 along 1^st Street in the City of Marquette. Great visibility with 4,140 cars per day (per 2014 traffic counts) traveling by the property. Land is currently zoned C-2 Commercial. There is no access to this property. Winning Bidder will be responsible to obtaining access at their sole expense. **This is tract 24 of a 24 tract auction that Peoples Company is handling through their online auction service. Contact Agent for more details on this property or how to place a bid online.

Legal Description

Details

Acres: 0.00 Acres M/L

Directions

Located just south of Marquette Drive along Iowa Highway 76 / 1^st Street.

Tract 13 - US Hwy 59/US Hwy 6 & Willow St., Oakland, IA 51560

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Description

Iowa DOT Online Auction (Tract 13) – Offering 0.59 acres m/l located in Oakland, Iowa and along the US Hwy 59 corridor. Highly visible location with over 4,700 VPD pass by the site. (Per 2016 Iowa DOT Traffic Counts). Property is currently in a residential zoned area but has industrial use to the south and highway commercial to the north so would be potential for rezoning. Any rezoning would need to be approved by City of Oakland Planning and Zoning. Utilities are located within proximity to the lot with sewer and water through the city of Oakland, electric and natural gas service through MidAmerican, and telephone and internet services through Frontier Communications. Contact the City of Oakland and providers for details on utility access and availability. Access from US Hwy 59 / US Hwy 6 is prohibited. **Please contact agent prior to entering the property** **This is tract 13 of a 24 tract ONLINE ONLY auction. Contact Agents for more details on this property or how to place a bid online**

Legal Description

Details

Acres: 0.00 Acres M/L

Directions

From the Intersection of US Hwy 59 and US Hwy 6: Travel southwesterly for ¾ of a mile on US Hwy 59 / US Hwy 6 until Willow Street. Property sets on the southeast corner of Willow Street and US Hwy 59. Look for sign.

Tract 14 - US Hwy 34 & 188th Street, Pacific Junction, IA 51561

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Description

Iowa DOT Online Auction (Tract 14) – Offering 4.65 acres m/l located just west of Interstate 29 with frontage along newly constructed US Hwy 34. Property is located within the Commercial Overlay District for the I-29 / US Hwy 34 Corridor Master Plan with the future land use showing Highway Commercial. For further information, contact the Mills County Building and Zoning Department. Per the Corridor Master Plan, the following utilities are available to the site or proposed to be extended to the area to accommodate development: water and sewer through Glenwood Municipal Utilities, natural gas by Black Hills Energy, electricity by MidAmerican Energy, and communications through Western Iowa Networks or Spiral Communications. *Bidder should perform their own due diligence with these utilities to confirm location and availability. Highly visible location adjacent to the newly constructed Love’s Truck Stop and over 7,000 VPD pass by the site. (Per 2016 Iowa DOT Traffic Counts). Contact the Mills County Engineering and utility providers for details on utility access and availability. Potential to be farmed with a high CSR2 value of 95.3 and no farm lease in place for the 2018 farm year. Access from US Hwy 34 and 188^th Street is prohibited. Winning Bidder would be responsible gaining access to the property. **Please contact agent prior to entering the property** **This is tract 14 of a 24 tract ONLINE ONLY auction. Contact Agents for more details on this property or how to place a bid online**

Legal Description

Details

Acres: 4.00 Acres M/L

Directions

From the Intersection of US Hwy 34 and Interstate 29: Travel west for ¼ mile until 188^th Street or first intersection. Property sets on the northwest corner of 188^th Street and US Hwy 34. Look for sign.

Tract 15 - Co Rd L35 / 221st Street S., Pacific Junction, IA 51561

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Description

Iowa DOT Online Auction (Tract 15) – Offering 8.44 acres m/l of located just southeast of Pacific Junction, Iowa and just east of Interstate 29 on Exit 32. Property consists of open, seeded to grass area and a large pond with over 2 ½ acres of surface area. Enjoy the pond by casting a fishing rod or watching the dabbling ducks and other waterfowl. Potential for a building site with highway frontage and easy access to amenities in the Omaha Metro and other communities. Buyer should do their own due diligence and inspections regarding the feasibility of a building site and other potential uses of the property. Bidder/s should also perform their own due diligence with utility providers to confirm location and availability. There is not a current driveway to the property and Winning Bidder would be responsible gaining access to the property. **Please contact agent prior to entering the property** **This is tract 15 of a 24 tract ONLINE ONLY auction. Contact Agents for more details on this property or how to place a bid online**

Legal Description

Details

Acres: 8.00 Acres M/L

Directions

From Pacific Junction, Iowa: Travel south out of town on N. Ellison Street / 195^th Street for just over 1 mile until 221^st Street S / Co Rd L35. Turn left (east) for just over 1 mile and property sets on the left side of the road. Look for sign.

Tract 16 - US Hwy 34/2 Lakes Drive, Afton, IA 50830

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Description

Iowa DOT Online Auction (Tract 16) – Offering 5.70 acres m/l of located just northwest of Afton, Iowa and adjacent to US Hwy 34. Property consists of a piece of ground approximately 85’ - 90’ wide that borders the north side US Hwy 34 and currently seeded to grass. There are high quality soil types with an average CSR2 value of 75 so the Buyer would have the potential to continue mowing/baling hay or put into row crop production. Buyer should do their own due diligence and inspections regarding the feasibility of intended use. **Winning Bidder would be responsible gaining access to the property** Please contact agent prior to entering the property. **This is tract 16 of a 24 tract ONLINE ONLY auction. Contact Agents for more details on this property or how to place a bid online**

Legal Description

Details

Acres: 5.00 Acres M/L

Directions

From Afton, Iowa: Travel west out of town on W. Jefferson Street and continue as road turns to Old US Hwy 34. Road will turn north and travel a total distance just under 2 miles until new US Hwy 34. Property begins on the northwest corner of 2 Lakes Drive and US Hwy 34. Look for sign.

Tract 17 - US Hwy 34/Quail Avenue, Afton, IA 50830

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Description

Iowa DOT Online Auction (Tract 17) – Offering 4.98 acres m/l of located just northeast of Afton, Iowa and adjacent to US Hwy 34. Property currently seeded to grass but would welcome all potential uses: potential to continue mowing/baling hay, put into row crop production (CSR2 of 63.9), or with almost 3,500 VPD passing by the property – opportunity to sell fruits and vegetables at a roadside stand! Buyer should do their own due diligence and inspections regarding the feasibility of intended use. **Winning Bidder would be responsible gaining access to the property** Please contact agent prior to entering the property. **This is tract 17 of a 24 tract ONLINE ONLY auction. Contact Agents for more details on this property or how to place a bid online**

Legal Description

Details

Acres: 4.00 Acres M/L
CSR2: 63.00

Directions

From Afton, Iowa: Travel north out of town on N. Douglas Street until US Hwy 34. Turn right (east) for just under 2 miles until Quail Avenue / Co Rd P61. Turn left and property sets immediately on the right hand side of the road. Look for sign.

Tract 18 - Highway 92/R57 Highway, Indianola, IA 50125

Price Per Acre: $6,153

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Description

Iowa DOT Online Auction (Tract 18) – Offering a 0.52 acre m/l parcel located west of Indianola, Iowa along Highway 92 and R57 Highway. There is great visibility from the adjacent paved roads on the south and west side of the property with approximately 4,600 VPD passing by this property. Potential to convert this property to tillable farmland (CSR2 of 90) or use the high traffic location for a different use. Buyer should do their own due diligence and inspections regarding the feasibility of intended use. **Winning Bidder would be responsible gaining access to the property** **This is tract 18 of a 24 tract ONLINE ONLY auction. Contact Agents for more details on this property or how to place a bid online**

Legal Description

Details

Acres: 0.00 Acres M/L
CSR2: 63.00

Directions

From downtown Indianola, travel west on Highway 92 for 3 miles to the intersection of R57 Highway. Property is located at the NE corner of the intersection. Look for sign.