Pottawattamie County, IA, Webster County, IA, Polk County, IA, Jasper County, IA, Bremer County, IA, Black Hawk County, IA, Lee County, IA, Dubuque County, IA, Scott County, IA,
17.52 Acres M/L
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Statewide Auction, IA |
Listing #17432
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Bid Online
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Property Info
Description
Peoples Company is offering eleven 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 Thursday, April 4th, 2024, at 4:00 PM Central Time Zone (CDT). Closing is to take place on or before Wednesday, May 15th, 2024. The tracts include various types of land located in nine different counties across the state of Iowa including Black Hawk, Bremer, Dubuque, Jasper, Lee, Polk, Pottawattamie, Scott, and Webster Counties.
- Sign On Property: Yes
- General Area: State of Iowa
- Online Bidding: Yes
- Auction Date: Apr 4, 2024
- Possession: At Closing
- Terms: Cash
Bid Online
Auction Details
Auction Terms & Conditions:
Bidding ends Thursday, April 4th, 2024 at 4:00 PM Central Time Zone (CDT).
Peoples Company is handling the sale of eleven properties owned by The Iowa Department of Transportation through their Online Auction Service. Properties are located in Black Hawk, Bremer, Dubuque, Jasper, Lee, Polk, Pottawattamie, Scott, and Webster Counties. Properties included in the auction consist of various types of land.
A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. If you plan to bid, please register 24 hours prior to the close of the 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, May 15th, 2024.
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, May 15th, 2024. 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 tracts of land have been surveyed and the survey is available in the attachments on the listing website.
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(s) for details with access questions. Please do not assume access to any property.
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, May 15th, 2024.
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, May 15th, 2024. 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 tracts of land have been surveyed and the survey is available in the attachments on the listing website.
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(s) for details with access questions. Please do not assume access to any property.
Interactive Map
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Tract 1 - W Veterans Memorial Highway, Council Bluffs, IA 51501
Description
Iowa DOT Tract 1 - Offering 0.055 acres m/l of C-2 Commercial zoned land located within the city limits of Council Bluffs, Iowa! This parcel is located just north of Lake Manawa along W Veterans Memorial Highway. There is no permitted access from the highway. Lot dimensions on this 2,401 sq. ft. tract are 40.2' by 60'. Interested parties should contact Council Bluffs, IA city officials for more information on permitted uses. According to the 2016 Iowa DOT traffic counts, 11,300 vehicles pass by this site daily.
Legal Description
Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 0.06 Acres M/L
- Parcel Number: 744412352004
Directions
From the Intersection of Interstate 29 and Highway 92 (Exit 47): Travel west on Highway 92/275 for 1.5 miles and Tract 1 will be on the south side of the road.
Tract 2 - Highway 169, Fort Dodge, IA 50501
Description
Iowa DOT Tract 2 - Offering 1.12 acres m/l of land in Webster County, Iowa! With over 568 feet of Highway 169 frontage and has the potential for tillable production or even a building site if access and zoning allow. The land consists entirely of Wadena loam soils carrying a CSR2 of 56. According to a 2019 DOT traffic survey, 5,900 cars pass by this property on Highway 169 daily. Access is prohibited from Highway 169. The Buyer will need to apply for access off of the Lizard Creek Lane frontage road through the DOT District 1 Office. This tract is located just northwest of Fort Dodge along Highway 169 and Lizard Creek Lane in Section 13 of Douglas Township, Webster County, Iowa.
Legal Description
Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 1.12 Acres M/L
- CSR2: 56.00
Directions
From the Highway 169/190th Street Intersection: Travel north on Highway 169 for 0.5 mile and Tract 2 will be located on the west side of the road.
Tract 3 - Gordon Avenue, Des Moines, IA 50312
Description
Iowa DOT Tract 3 - Offering 0.197 acres m/l of land in Des Moines, Iowa! There is no current zoning on the property, however, it is surrounded by N3b Residential zoned properties. Access may be restricted from SW 63rd Street/Highway 28 and may be obtained from Gordon Avenue. The 8,565 sq. ft. lot is buildable according to the Polk County Assessor parcel information. Interested parties should contact the City of Des Moines for more information on permitted uses and access.
Legal Description
Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 0.20 Acres M/L
- Parcel Number: 7825-11-640-007 & Part of 7825-11-640-006
Directions
From the Interstate 235/63rd Street Intersection (Exit 4): Travel south on 63rd Street/Highway 28 for 1.1 miles to Gordon Avenue. Tract 3 is located at the southwest corner of this intersection.
Tract 4 - SW 63rd Street, Des Moines, IA 50312
Description
Iowa DOT Tract 4 - Offering 0.776 acres m/l of land in Des Moines, Iowa! There is no current zoning on the property, however, the adjacent properties to the north and east are N3b Residential zoned and the property directly to the south is MX3 Commercial zoned. According to the 2016 DOT traffic counts, 24,000 vehicles pass by this property along 63rd Street/Highway 28 each day. Access may be restricted from SW 63rd Street/Highway 28 and may be obtained from Tonka and Winona Avenue. The six individual lots total 33,821 sq. ft. Interested parties should contact the City of Des Moines for more information on permitted uses and access.
Legal Description
Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 0.78 Acres M/L
- Parcel Number: Parts of 7825-11-640-021, 7825-11-640-022, 7825-11-640-023, 7825-11-640-024, 7825-11-640-025 & 7825-11-640-026
Directions
From the Interstate 235/63rd Street Intersection (Exit 4): Travel south on 63rd Street/Highway 28 for 1.4 miles to Tonka Avenue. Tract 4 is located along 63rd Street between Tonka Avenue and Winona Avenue.
Tract 5 - 12535 Highway F17, Mingo, IA 50168
Description
Iowa DOT Tract 5 – Offering 0.704 surveyed acres m/l of recreational land located along County Highway F17, north of Mingo, Iowa, and west of Baxter, Iowa. The property offers highway frontage and is currently zoned residential. There is no access to this parcel from County Highway F17. The land is located in Section 21 of Clear Creek Township, Jasper County, Iowa.
Legal Description
Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 0.70 Acres M/L
- Parcel Number: 0121200006
Directions
From Baxter: Head west on County Highway F17 for 7.3 miles. The property will be located on the south side of the road.
Tract 6 - Highway 63, Waverly, IA 50677
Description
Iowa DOT Tract 6 - Offering 2.79 acres m/l of land in Bremer County just off Highway 63, northeast of Waverly. There is potential to convert this property to tillable row crop/hay or take advantage of the high-traffic location for other uses. According to a 2021 DOT traffic survey, 7,300 vehicles pass by this site daily. Excellent soil types can be found across the parcels with an average CSR2 rating of 84.7. The north parcel does not have legal access, and the south parcel has access off Highway 63 from the current driveway. There is no current zoning, and the surrounding properties are zoned Agriculture. The land is located in Sections 24 & 26 of Warren Township, Bremer County, Iowa.
Legal Description
Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 2.79 Acres M/L
Directions
From Waverly, IA: Head east out of town on Highway 3 for 6.5 miles. At Highway 63, head north for 2.5 miles. The south parcel will be located on the west side of Highway 63. The north parcel will be located .5 miles north, also along the west side of Highway 63.
Tract 7 - Logan Avenue, Waterloo, IA 50703
Description
Iowa DOT Tract 7 - Offering 0.703 acres m/l of land in Waterloo, Iowa! This property includes three separate parcels of land. The north two parcels are adjoining and are located along the west side of Highway 63/Logan Avenue and the north side of the Chicago, Central & Pacific Railroad. The two northern tracts combine for total of a 26,026 sq. ft. and are in a C-1 Commercial zoned area according to the Black Hawk County Assessor site. There is current access to the northernmost parcel from Highway 63. The south parcel consists of a 4,583 sq. ft. lot located at the corner of Logan Avenue, Kern Street, and Highway 63/East Mullan Avenue with a previous address of 1048 Logan Avenue. According to the Black Hawk County Assessor site, this lot is in an R-2 Residential zoned area. There will be no access allowed from Highway 63. Interested parties should contact Waterloo, IA city officials for more information on permitted uses and access to either parcel.
Legal Description
Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 0.70 Acres M/L
- Parcel Number: 891314276007, 891314276010 & 891313353001
Directions
From Downtown Waterloo: Travel north on Highway 63 for 1.3 miles to Kern Street. The southern parcel will be located southwest of the Highway 63/Kern Street intersection. Continue north on Highway 63 for 0.3 mile and the northern parcels will be located just north of the railroad tracks on the west side of the road.
Tract 8 - Highway 218 / La Porte Road, Washburn, IA 50702
Description
Iowa DOT Tract 8 – Offering 7.36 surveyed acres m/l of recreational land located along Highway 218/La Porte Road, on the southern edge of Washburn, Iowa. The property offers highway frontage but does not have highway access. The property is partially within the city limits of Washburn, IA, and is on the edge of Residential and Agriculture zoning. This is a unique opportunity to own a small recreational parcel close to town. The land is located in Section 29 of Cedar Township, Black Hawk County, Iowa.
Legal Description
Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 7.36 Acres M/L
- Parcel Number: 881229426003
Directions
From Waterloo, IA, head south on Highway 218 for 3.5 miles. The property will be located on the west side of the road, just south of Washburn.
Tract 9 - Highway 2 / Bluff Road / Highway 61, Fort Madison, IA 52627
Description
Iowa DOT Tract 9 – Offering 1.69 surveyed acres m/l of land located along Bluff Road and Highway 2, just northwest of Fort Madison, Iowa. The property is not currently zoned and has no current access but offers good highway frontage along Highway 2 and the Highway 61 Exit 18 offramp. The adjacent properties are zoned Commercial and Agriculture. According to the 2022 Iowa DOT traffic count study, the daily vehicle count along Highway 61 and Highway 2 are 4,870 and 2,980 respectively. Additionally, 1,300 vehicles travel along Bluff Road each day. The land has good soil types with an average CSR2 of 82.4. The property is located in Section 2 of Jefferson Township.
Legal Description
Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 1.69 Acres M/L
- Parcel Number: Part of 021714024050100
Directions
From Highway 61 Exit 18: The property is located along the Highway 61 southbound ramp at Exit 18 with additional frontage along Highway 2 and Bluff Road.
Tract 10 - 9491 Olde Davenport Road, Dubuque, IA 52003
Description
Iowa DOT Tract 10 - Offering a surveyed two-acre site with a home located just south of Dubuque, Iowa! This county acreage site features a historic 2,560-square-foot, five-bedroom, two-bath home. The house has had many upgrades including newer windows and roof and has an oversized attached one-stall garage. The home is being sold as-is and the Buyer will be responsible for updating or replacing the well and septic system. Open House times are listed below. The home is located along paved Olde Davenport Road, just off of the SW Arterial in Section 13 of Table Mound Township, Dubuque County, Iowa.
Open House: Sunday, March 24th from 11:00 AM to 1:00 PM
Open House: Sunday, March 24th from 11:00 AM to 1:00 PM
Legal Description
Lot 2-2 O'Rouke Farms Addition. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 1.81 Acres M/L
- Parcel Number: 1513326003
Directions
From the Highway 61/Highway 52 Intersection: Travel southeast on O'Rourke Drive for 0.5 miles to the T Intersection of Olde Davenport Road. Head northwest on Olde Davenport Road for 700 feet and the property will be on the west side of the road.
Tract 11 - Highway 67, Bettendorf, IA 52722
Description
Iowa DOT Tract 11 - Offering 0.12 acres m/l of vacant land in Bettendorf, Iowa! This 5,130 square foot C-2 Commercial zoned parcel is located along Grant Street/US Highway 67 in downtown Bettendorf. This excellent location in downtown Bettendorf is just off Interstate 74 and has 11,000 vehicles pass by daily according to a 2022 Iowa DOT traffic study. There is no current access to this tract.
Legal Description
Long legal description on file. *Full legal description will be taken from the State Land Patent provided by the State of Iowa.
Details
- Acres: 0.12 Acres M/L
Directions
From 1-80 E toward Chicago, merge onto Interstate 74 E, via Exit 298 towards Davenport/Bettendorf, Iowa. Continue south for 4 miles to U.S. Highway 67 and merge onto Kimberly Road. Kimberly Road becomes 13th Street. Continue straight to Grant Street and turn left, and then proceed for approximately 0.30 miles to 16th Street and turn south. The property is located along Grant Street/U.S. Highway 67 in downtown Bettendorf, Iowa.
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Travis Smock
LAND AGENT
