AUCTION DETAILS

Auction Details

Estherville, IA Commercial Real Estate

Photos

Brief Description

This auction presents you the opportunity to purchase this 4.68-acre site improved with a 20,000 SF commercial building formerly used as a retail store. The property boasts excellent Highway 9 visibility and will sell no matter the price to the public.

Auction Schedule

Online Bidding Only

Began: 07/17/17 at 12:00 PM CDT

Ended: 08/09/17 at 12:00 PM CDT

Inspection

Began: 08/05/17 at 1:00 PM CDT

Ended: 08/05/17 at 3:00 PM CDT

Location: 2702 Central Ave, Estherville, IA 51334

Share


Details

This auction presents you the opportunity to purchase this 4.68-acre site improved with a 20,000 SF commercial building formerly used as a retail store. The property boasts excellent Highway 9 visibility and will sell no matter the price to the public.

Questions should be directed to Paul McCartan, (515) 320-7600, paul@grafeauction.com

This commercially zoned property is 4.68-acres and has 200' of frontage on Iowa Highway 9 with daily traffic counts in excess of 3,800. The property is improved with a 20,048 square foot commercial building formerly used as a retail store front (Pamida/Shopko). The concrete parking lot is in need of stripping but boasts 113 parking stalls of which 6 are handicapped spots. 
 
The building was erected in 1976 with a renovation in 1994 and features metal siding and sprinklers. The property is zoned "CM" - commercial district and under current zoning allows for a retail store.
 
A June 9, 2005 environmental site assessment revealed no recognized environmental conditions (RECs) in connection with the site. However, asbestos containing materials were found on the site. Subsequently, in September 2005, an Operations and Maintenance Program Report was generated to minimize hazards from the ACMs.
 
Auction Conducted in Conjunction & Cooperation with:
Auction Management Corporation in Cooperation with Sale Barn Realty & Auction LLC, Richard Winegarden, 712-358-0974, 401 1/2 East Elm, Pocahontas, IA, Lic #F04384000
 
This auction features a grouped bid extension - please see details in terms below.
 
Terms:  Bank Proof of Funds Required to Bid, 10% Buyer’s Premium added to the winning bid to determine the sale price, 10% Earnest Money Deposit, close by September 13, 2017. Auctioneer is not responsible for bidding errors caused by internet outages, bid platform failures, or power failures.
 
All of the properties sell individually as "lots" however they are all tied together by the auction clock. We will set a bid deadline for all of the assets. Once we get within 5 minutes of that bid deadline, any bid placed on any of the assets will extend all of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window.
 
This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "Live Auction." If your opponent bids in the waning seconds of the auction, you still get another chance to bid.
 
With that in mind, don't wait out the bid until the last second, as it can put you at risk for not getting your bid in before the 5-minute clock runs out.

Gallery: Property Photos

Click on any image to view larger.

Map


Grafe Auction Company

http://www.grafeauction.com

1025 Industrial Dr. Spring Valley, MN 55975

Your auction should be printing now. If not, please click here.

AuctionServices


JOIN OUR MAILING LIST

We’ll keep you in the loop for all future auctions!