NO RESERVE LAND AUCTION

NO RESERVE
LAND AUCTION
60 Acres Potential Development Land
2700 Richard Downing Ave, Council Bluffs IA
Thursday, Sept 10th @ 10AM
Auction being held at McCoy’s Sports Bar
1900 Madison Ave, Council Bluffs IA
Gross Taxable Acres: 60
Real Estate Taxes: $1132.00
Drainage Tax: $315.00
Directions: Take I-80/I-29 in Council Bluffs to S. 24th St. (Exit 1B), go south on S. 24th St. .5 miles
to Richard Downing Ave., then West on Richard Downing Ave .2 mile to the property.
Auctioneers Comment: This is a rare opportunity to purchase a highly desirable tract of land with
numerous development options, at a NO-RESERVE PUBLIC AUCTION. This property is
bordered on the west by a residential subdivision, to the north by a large sports complex, and to
the south by a commercial agricultural business and a proposed industrial business, the opportunities are endless. This property is .5 mile south and .2 mile west of the I-80/I-29 corridor off the S.
24th Street exit in Council Bluffs Ia.
Seller: Scott Wells, Referee for Owners
Attorney: Tony Tauke, Attorney for Referee
Auctioneer: Byron Menke
402-630-6469
Listing Agent: Scott Wells
402-510-5245
Terms & Conditions on Back
Terms & Conditions:
Method of Bidding: Contract price will be the number of acres, 60, times the high bid per acre.
Earnest Deposit: The successful bidder will enter into a purchase agreement at the conclusion of the auction, and will provide a nonrefundable earnest deposit equal to 10% of the contract price. Down payment may be paid in the form of a cashier's check, personal check,
corporate check, or wire transfer with prior approval from Referee and their attorney. The remaining balance shall be due and payable in
the form of a cashier's check or wire transfer on the date of closing. The purchase agreement will offer no contingencies for financing, or
any other alterations to the contract, so Buyers are urged to make sure they have financing arranged and are capable of paying by cashiers
check or wire transfer upon closing.
Real Estate Taxes: Real Estate Taxes will be prorated to the date of closing.
Closing Date: Closing to be on or before October 15th, 2015
Drainage Taxes: 2015 Drainage Taxes will be paid for by the Seller.
Possession: Buyer will receive possession at closing, subject to tenants rights until March 1st, 2016.
Lease Terms: Lease with current tenant has been terminated for the 2016 Crop year.
Closing & Title Insurance: Sellers will provide Free and Clear Title to the property using Title Insurance, provided by Title Core National
with the cost split 50/50 between the Buyer and the Seller. Closing will be conducted by AW Tauke with Stuart Tinley Law Firm.
Agency Disclosure: Scott Wells, NP Dodge Real Estate, and Byron Menke, United Country Menke Auction & Realty, are agents for and
represent the Seller. Bidders will not be considered clients.
Disclaimer: Announcements made at the time of the sale will take precedence over any previously printed material or any other oral
statements made. All information contained in the brochure and all related materials are subject to the terms and conditions outlined in
the agreement to purchase. The property is being sold on an AS IS, WHERE IS, basis and no warranty or representation either expressed
or implied concerning the property is made by the Seller, agent or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it. No liability for its accuracy, error
omissions is assumed by the Seller, agent or the auction company. All acreages are approximate and have been obtained from the county
assessors records. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.
Subject Property
2700 Richard
Downing
PO Box 249
Treynor IA 51575