Commercial Real Estate Auction – Algona IA

901 Main St Algona IA.

Sealed Bids accepted until June 8, 2020

Top 5 bidders will be invited to live auction on June 12, 2020 at time and place to be determined

Legal Description: LOTS 1 & 2 BLK 100 CALL’S ADD & PT OF DEPOT GROUNDS LOC IN SE NW DESC AS: BEG AT SE COR LOT 1 BLK 100 CALL’S ADD TH S 50′; TH NWERLY POINT 50′ S OF SW COR OF LOT 3 BLK 100; TH N 50′ OF SW COR OF LOT 3; TH SEERLY ALONG S LINE OF LOTS 3,2,1 BLK TO POB

Property features; 5234 sq. feet shop. Currently set up for auto body. Spray master 2000 paint booth, Bendpak hydraulic auto lift, Industrial air compressor, Forced air furnace, Central air, Infrared tube heat, office, 14’ side walls, overhead doors, heavy electrical service, metal lined, fully concreted

 Taxes; Current taxes $2670.00 with Business Property Tax Credit

Inspection:  Contact Brett Venteicher (Referee) at 515 320 6887 to schedule viewing of the property.

Terms; Sealed bids on property to include, name, address, phone, email address, and bid amount to be

Mailed to Hoffman Auctions P O Box 343 Titonka IA 50480. Sealed bids must be received by June 8, 2020.

 Top 5 Bidders will be invited to live auction on June 12, 2020, and have opportunity to raise bids. Time and place will be disclosed via phone after 5 top bidders determined.

 10% down day of auction. Buyer to sign purchase agreement day of sale. Taxes prorated to day of closing. Purchase not contingent on financing, inspection or any other contingencies. Purchase is subject to court approval. 

Closing date on or before July 15, 2020
Contact us with any questions.