|Name||Boondocks Real Estate Auction: Truck Stop/Restaurant/Hotel|
|Auctioneer||Whitaker Marketing Group|
|Type||Live Webcast Auction|
|11/28/2018 @ 10am @ Titan Machinery in Williams, IA|
|Preview Date/Time||By Appointment|
|Checkout Date/Time||Real Estate Closing: 12/31/2018|
|Location|| Titan Machinery
3093 220th St.
Williams, IA 50271
|Buyer Premium||5% Buyers Premium|
Boondocks Auction 16.41 ac +/-, Truck Stop | Restaurant | 30 Unit Hotel/Motel Auction Info November 28, 2018 @ 10 A.M. | Showing by appointment Welch Oil Inc- Boondocks Truck Stop | Boondocks Restaurant | Boondocks Hotel Hamilton County PROPERTY DESCRIPTION- The property is composed of one tract of land totaling 18 acres, more or less, in Sec 33-89N-23W 16.41 Taxable Acres Iowa DNR Reg # 198608152 LOCATION OF LAND- Located at exit 144 on the North East corner of Interstate 35. Truck Stop/ Restaurant -3065 220th St, Williams, IA 50271 Hotel -7518, 3061 220th St, Williams, IA 50271 LOCATION OF AUCTION- Titan Machinery Building; 3093 220th St, Williams, IA 50271 LEGAL DESCRIPTION- 18 Acres located in SW of the SE Sec33-89N-23W ZONING- Commercial TERMS AND CONDITIONS The Business will be offered as one tract of land. "The land will be offered at auction on November 28, 2018, 10:00 a.m. at the Titan Machinery Building; 3093 220th St, Williams, IA 50271. Bidders will have the option to bid on tract 1 comprised of 16.41 ac +/- , as well as the buildings located on the property to include all the personal property. Bidders will bid as a whole dollar amount. There will be a 5% Buyers Premium added to the hammer price. "Earnest money in the amount of ten (10%) percent of the contract price shall be due the day of the sale. Earnest money paid the day of the sale will be deposited in the Real Estate Trust Account of the Seller's Attorney by the following business day. Certified funds will be required at the time of closing for the remaining balance of the purchase. "The real estate taxes will be pro-rated to the day of closing. "The balance shall be paid in the form of certified funds upon closing, on or before December 31, 2018. A Warranty Deed will convey the title. Updated abstract(s) will be provided to the buyer at the seller's expense. "The current owner/tenant will have farming rights until March 2019."The seller reserves the right to reject any and all bids." POSSESSION- Possession will execute on December 31, 2018 CROP CONTRACT- ARC County, currently farmed by tenant for the 2018 crop year INDIVIDUAL TRACT INFORMATION Tract 1 - Bid as a whole amount on 16.41 acres to include: Restaurant (All Equipment Included) Year built - 1972 Walk-in Freezer Addition in 2000 Building Area 5,180 Sq ft Gross Building Area 11,580 Sq Ft Occupancy - Restaurant Label - B1-1S BRK/BLK Ceiling - Suspended Blk- Mineral Exterior Walls Brick on Block - 8" Floor Covering - Ceramic, Carpet, Quarry tile Framing R'Conc- Average Foundation - Reinforced Concrete HVAC - Combination FHA- AC Roof Covering Rubber Membrane/ Conc Bathrooms - Water closet qty-5, Urinal qty-2, Lavatory qty-5, Sink kitchen qty- 2, Stainless stl triple sinks qty- 2 Convenience Store/ Truck Stop (All Equipment Included) Year built - 1984 Building Area 3,304 Sq ft Gross Building Area 11,580 Sq Ft Occupancy - Store - Convenience Label - A1-1S BRK/BLK Ceiling - Suspended Blk- Mineral Exterior Walls Brick on Block - 8" Floor Covering - Ceramic, Carpet, Quarry tile Framing R'Conc- Average Foundation - Reinforced Concrete HVAC - Combination FHA- AC Roof Covering Rubber Membrane/ Conc Bathrooms - Water closet qty-4, Urinal qty-2, Lavatory qty-4, Stall Shower- 2 Hotel / Motel (All Furnishings Included) Year built - 1979 Units-30 Building Area 11,016 Sq ft Gross Building Area 13,568 Sq Ft Occupancy - Hotel/ Motel Label - B1-1S FR Ceiling - Drywall - textured Exterior Walls- Vinyl Frame Floor Covering - Vinyl, Tile, Carpet Framing Wood- Average Foundation - Reinforced Concrete HVAC - Hot Water/ Room AC units Roof Covering- Asphalt shingles Bathrooms - 30 Common Area - 1,516 Sq Ft Managers Apartment - 1,036 Sq Ft Hotel Garage Year built - 1985 Building Area 280 Sq ft Mechanic Shop (Lift and Shop Equipment Included) Year built - 1972 Building Area 2,880 Sq ft Gross Building Area 11,580 Sq Ft Occupancy - Metal Shop - Steel Frame Label - A3-1S MTL/STL Bathrooms - Lavatory qty-1 Out Building 1 Metal Warehouse 32' x 106' x 14' Year built - 1984 Building Area 3,392 Sq ft Gross Building Area 3,392 Sq Ft Occupancy - Metal Warehouse - Steel Frame Label - B2-1S MTL/STL Out Building 2 Metal Shed 10' x 30' Year built - 1974 Building Area 300 Sq ft Gross Building Area 300 Sq Ft Occupancy - Metal Shed - Wood Frames Out Building 3 Metal Warehouse 32' x 106' Year built - 1977 Building Area 1,500 Sq ft Gross Building Area 1,500 Sq Ft Occupancy - Metal Warehouse - Steel Frame Label - B2-1S MTL/STL Fuel System / Other Amenities 30,000 Gal Propane Tank 2-12,000 Gal Fuel Tanks Horz stl-Dual w/ saddles 1-26,000 Gal Fuel tank Horz stl-Dual w/ saddles Tank piping 1977 Tank Pump Stations 1977 Tank Containment Area 1974 Concrete 528 Sq Ft Tank Containment Area 1974 Concrete 784 Sq Ft Lighted Canopy- 1974 2,640 Sq Ft Lighted Canopy- 1996 2,948 Sq Ft Fencing- 1995 112' Paving- 197 165,300 Sq Ft (Truck Stop) Paving- 24,600 Sq Ft (Hotel) Sign Poles- Steel 1974 (80' tall 18" diameter) Sign Poles - 1974 (20' tall 4" diameter) Sign Poles - 1974 (15' tall 15"diameter) Sign Poles - 1985 (20' tall 16" diameter) LP Tank 30,000 Gallons Wind Turbine 1990 Parcel ID 2018-2019 Taxes (16.41 Taxable Acres) 40892333400004 $16,996.00 HTTP://HAMILTON.IOWAASSESSORS.COM/PARCEL.PHP?GID=6924 04089233400003 $8,310.00 HTTP://HAMILTON.IOWAASSESSORS.COM/PARCEL.PHP?GID=6923 Total Estimated Tax $25,306 Farmland Description - F ZW1/4 SE1/4 33-89-23 … FSA Farm # #1949 FSA Tract #s #6781 FSA Farmland Acres Total +/-3.43 FSA Cropland Acres Total +/-3.43 FSA DCP Cropland Total +/-3.43 Tillable CSR2 Weighted Average 81.9 (Source) Agridata HEL Status - NHEL Corn Base- 3.43 Acres, Total Base Acres 3.43 Acres All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. All sales are presumed to be made by the individual judgment of the purchaser. The property is being sold "as is". Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. Any announcements the day of sale will take precedence over any preprinted materials. Seller reserves the right to reject any and all bids.
|Bid Amount||Bid Increment|
|0.00 - 1,000,000.00||50,000.00 USD|
|1,000,000.01 - 9,999,999.99||25,000.00 USD|
|Buyer Premium||5% Buyers Premium|
10% down on the day of the auction- Certified funds will be required at the time of closing for the remaining balance of the purchase.