Immediate Possession Available on Grain Bins!

Feed Mill & Grain Facility on 2.48± Acres

•        This facility offers 9 grain bins with 321,304± bushel capacity (assessor bushels), with additional flat grain storage in a 48’x148’ Quonset building.
•        Facility has 4 legs, 3 dump pits and an American 20’ grain dryer.
•        Cardinal 11’x70’ truck scale with Probe-A-Load grain probe & scale head.
•        Buildings include:

o   48’x148’ Quonset building w/ concrete floor, 24’x14’ overhead door & overhead auger.

o   32’x48’ heated storage building w/ concrete floor & 12’x13’ & (2) 12’x8’ overhead doors.

o   32’x36’ office with retail area & ½ bath.

o   36’x36’ feed mill with Prater 12ST160, 3 ton feed mixing mill with overhead bins and a corn cracker in basement.

o   36’x80’ steel framed building w/ dock, 10’x10’ & 8’x8’ overhead doors.

•        Property has city water, city sewer and city gas for the grain dryer.  Propane gas for the office and heated building.
•        Assessed Value: $319,210.00
•        Tax Parcel 0625126001 = $7,962.00 Net
•        Included: 250 gal LP tank, Window AC, Corn Stove, Any item present on the day of final settlement/closing.
•        Not included: 500 gal LP tank, Portable augers, Moisture tester, Computers, All tools & equipment & Tenant’s items.

How to Bid: There are three ways to submit a bid for this sealed bid auction format. All sealed bids need to be received by Thursday, September 11, 2025 at 5:00PM CDT.
1. Request a Sealed Bid Form to be completed via DocuSign. Please make requests to mason.holvoet@steffesgroup.com
2. Download Sealed Bid Form from SteffesGroup.com. Email completed form to mason.holvoet@steffesgroup.com. If emailed, it shall be the bidder’s responsibility to confirm bid form has been received.
3. Make an appointment with Mason Holvoet to fill out the Sealed Bid Form.  Contact Mason at (319) 470-7372.

Terms: If you are declared the winning bidder, 10% down payment is due upon acceptance. Balance due at final settlement/closing with a projected date of October 27, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Possession: Projected date of October 27, 2025 or Immediate Possession Available! The Buyer may elect to take immediate possession of the property. Possession shall be granted upon execution of the real estate purchase agreement and hold harmless agreement, and upon receipt of the required down payment (Subject to tenant’s rights on the 32’x48’ heated storage building).
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions:

•        This sealed bid real estate auction will have a 5% buyer’s premium. This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
•        Property will be offered in 1 tract.
•        Bidding will be total dollar amount.
•        There will be no “final round” of bidding, unless a tie bid occurs.  If a tie bid occurs, only the parties with tying bids will be contacted to raise said bid.
•        Seller reserves the right to accept, reject or counter offer any and all bids.  Seller may enter into negotiations with one or more Bidders.
•        Down payment is due upon acceptance and signing of the purchase agreement will take place through email and electronic document signatures or in person at Steffes Group, Inc, Mt. Pleasant, IA Office.  In the event the acceptance is after 3:00pm, the down payment/earnest money will be due the following business day.
•        The 32’x48’ heated storage building currently has a 6 month lease ending November 2025.  Lease is $150/month.  Lease payment will be prorated to the date of final settlement/closing.  It shall be the Buyer’s responsibility to terminate said lease, if so desired.
•        Buyer will reimburse the Seller for the remaining LP in the LP tanks on the day of possession, at the current rate at the time of possession.
•        The Seller is not required to provide a survey of the land.  If the Buyer chooses to obtain a survey, the cost of the survey will be the Buyer’s responsibility.  The total contract purchase price will not be adjusted to reflect any differences between the surveyed acres and acres stated.
•        This sealed bid auction is not contingent upon Buyer’s financing, appraisal(s), or any other Buyer contingencies.
•        If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited and paid to Seller.
•        The Buyer shall be responsible for any fencing in accordance with state law.
•        If in the future a site clean-up is required, it shall be at the expense of the Buyer.
•        All mineral rights, if any, held by Seller will be transferred to Buyer upon closing.
•        This real estate is selling subject to any and all covenants, restrictions, encroachments, easements, rights-of-way, ordinances, resolutions, leases, and mineral reservations, as well as all applicable zoning laws.
•        All lines, drawings, boundaries, dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents.
•        The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
•        Steffes Group, Inc. is exclusively representing the Seller. Bidder acknowledges they are representing themselves in this real estate transaction.
•        Any announcements published or made the day of the submission deadline take precedence over advertising.