Lot# 1

Location: Elk Horn, IA

Closed on:

February 21, 2024 | 02:41PM CDT

High Bid $145,000
Bid Increments
Bids over 0 must be in 250 increments
Bids over 5,000 must be in 500 increments
Bids over 10,000 must be in 1,000 increments
Bids over 50,000 must be in 2,500 increments
Bids over 100,000 must be in 5,000 increments
Bids over 250,000 must be in 10,000 increments
Bids over 500,000 must be in 25,000 increments
Bids over 1,000,000 must be in 50,000 increments
Max Bid?
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  • Max Bids are executed by the automated bidding system on the bidders behalf
  • Max Bids may be increased at any time before the item closes.
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  • Max Bids are executed on the order they have been placed.
    • If there are more than one max bids placed for the same amount the first max bid recorded will be executed
    • If a single bid is placed at the amount of a previously entered max bid, the max bid will have precedence and be executed at that amount
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    • If the Max Bid is not high enough to meet reserve the max bid will be executed and "Reserve Item" will be displayed.
  • Bidder may increase their max bid until the Reserve is met if they desire.
DESCRIPTION
Property Address:
4036 Union Street, Elk Horn, IA 51531

Location Contact:
Landon @ 712-789-0082

Description:
This property is 4.34 acres +/-, it is a grain facility that operated at capacity unit the fall of 2021 and had grain in house until March of 2023. This property is zoned commercial, this property has city utilities. Total grain storage capacity of 975,000 bushel using flat storage, Bin storage capacity is approx. 606,000 bushel.

Legal Description:
2-78-37 Morningside Addition OL's 6 & 7; W140' of OL's 8, 9, & 10; N 58' of the E 66.30' OL8; Vac Hill St Lying Bet. OL 7 & 8, parcel A of Pt Govt Lot 14.

Office/Scale:
Office building is approximately 1,800 sq/ft. This is a all metal clad building. The office has a full basement area. Main level has 2 restrooms, 2 large private offices and large lobby/receiving area. Office also has central air and hot water heater and water softener. Appliances are included. Concrete deck scale is 70' x 10' with grain probe and digital scale head.

Old Elevator:
The older elevator on this property has not been recently used other than the receiving leg. There are 2 steel grain bins. Both of the bins have aeration floors and 8" discharge augers. There is a Harvestore silo of approximately 10,000 bushel capacity. This is served by a Sweet brand grain receiving leg with dump pit. The leg is a Duke II 75' approximately 3500 BPH capacity w/top 8 way distributor.

Flat Storage Building:
100' x 60' steel frame steel clad building with all concrete floor. This building does have an overhead U trough auger that is fed by a U trough from the Sweet leg at the old elevator and aeration tube drying.

182' x 60' steel frame metal clad flat storage building, all concrete floor. This building does have an overhead U trough auger that is fed by a down spout from the Sweet leg at the old elevator and aeration tube drying.

Quonset Building is 100' x 48'. This building has a full concrete floor, overhead south door. This building also has aeration tube drying.

Grain Bin Storage & Legs:
Sweet grain leg of approximately 3500 BPH with dump pit between 2 flat storage buildings. Approximately 10,000 steel grain bin with aeration floor and discharge auger. At this leg are 2 - approximately 900 bushel steel overhead loadout bins.

Bin #1 - South bin is approximately 251,000 bushel capacity, 75' diameter. This bin has aeration floor, dual Sukup fans and 12'" discharge auger. This bin is serviced by overhead drag from main receiving leg.

Bin #2 - is approximately 78,700 bushel capacity, 60' diameter. This bin has aeration floor, dual Sukup fans and 10'" discharge auger. This bin is also serviced by the main receiving leg.

Bin #3 - is approximately 52,500 bushel capacity, 48' diameter. This bin has aeration floor, dual Sukup fans and 10" discharge auger. This bin is also serviced by the main receiving leg.

Bin #4 - North bin is approximately 224,000 bushel capacity, 75' diameter. This bin has aeration floor, dual Sukup fans and 12" discharge auger. This bin is serviced by overhead drag from main receiving leg.

Hunter receiving leg is approximately 120' - 8,000 BPH capacity. This leg has a covered drive over pit. Drags going out to bins are also 8,000 BPH.

Personal Property:
30' x 10' electric drive auger. This was used on some of the bins occasionally.

500 gallon fuel tank and containment, electric metered pump.

Terms:
High bidder will enter into a purchase agreement upon conclusion of the auction. A 10% earnest deposit to be placed with closing agent by February 23, 2024 5:00 PM CST. Balance of purchase price to be paid in full with certified funds upon closing and delivery of deed. Closing to take place on or before March 22, 2024. Closing fees to be shared equally between Buyer and Seller. Buyer title insurance for the account of the buyer. Closing will be between Buyer and Seller and or their attorney. All Real Estate taxes shall be prorated as of February 23, 2024. Full possession to be given upon closing. Sale of the property is not conditional upon the ability of the buyer to secure financing. 1.5% Buyer's Premium charged on overall total final bid amount only. Final bid is subject to the confirmation of the Seller. The property is subject to all recorded easements, covenants, restrictions and reservations of record. Broker and Seller make no representations, warranties, or guarantees regarding such rights.

Property and equipment are sold on an “AS IS WHERE IS" basis with no warranties or guarantees expressed or implied by the Broker or Seller. No operational assessments have been made by DPA Auctions; it has been photographed only. Agency Steve Peterson, Doug Rickett, Paige Peterson Broker are acting as Sellers limited agents and as such, solely represent the Seller in this transaction. We obtained the information above from sources we believe to be reliable. However we make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions prior sale, lease, financing, or withdrawal without notice. We include any projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your legal advisors should conduct your own investigation of the property and transactions. This will be real property ONLY. No personal property.

Notes:


DOCUMENTS

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Category: Real Estate

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Elk Horn, IA 51531

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Equipment Sold "AS IS, WHERE IS": All equipment/property is sold "AS IS, WHERE IS" with no warranty or guarantees, expressed or implied, No operational assessments have been made by DPA Auctions on this item, it has been photographed ONLY.