Advanced Restoration Real Estate Dispersal

Rice Auction Company

 

Date(s) 11/15/2020 - 12/1/2020

ONLINE AUCTION ONLY, all bidding will take place on this online platform. Final bid subject to seller approval.

Past Auction
Online-Only Auction
Bidding Notice:

ONLINE Auction ONLY

Auction Notice:

Final bid is subject to seller approval.

Auction Information
Name Advanced Restoration Real Estate Dispersal
Auctioneer
Type Online-Only Auction
Date(s) 11/15/2020 - 12/1/2020
Auction Date/Time Info
ONLINE AUCTION ONLY, all bidding will take place on this online platform. Final bid subject to seller approval.
Preview Date/Time Open house on Sunday, November 22nd from 3-5 p.m. CST.
Checkout Date/Time Purchase agreement will be signed on December 1, 2020 with 10% down due at that time.
Location
Buyer Premium No Buyers Premium
Description
Advanced Restoration Real Estae Dispersal Selling 2 - Commercial buildings in Bedford Iowa in 2 separate auctions. All interior furnishes and personal items will NOT sell with the buildings. Building 1: 507 Central - Bedford, IA Very nice commercial building, extensive work done inside and out. Main floor currently divided into lobby, 4 offices, a printer/IT room, conference room and storage space with a communial kitchen and two separate bathrooms, all main walls can be removed for open floor plan. Street-side roll up door 9'6" wide x 9'2" tall. South side of building has lean-to storage with 11'8" wide x 11'10" tall overhead door. Basement has entrance from main floor and rear walk-through and roll-up door. Solid basement with drains. Rear-alley access overhead doors 2 - 11'6" wide x 11' tall, one ramp into basement, one into wash bay. Many opportunities to make this building what you need. Yearly taxes: $702 Building 2: 510 Central - Bedford, IA Commercial property with shop, overhead storage, storage bays and office/apartment. Extensive interior and exterior work has been done to this property. Alley overhead door is 11'6" wide x 9'8" tall. Street side overhead door 9'6" wide x 11'6" tall. This building is very versatile and can provide income potential, upstairs apartment 13'8" x 22' bedroom, 10'6" x 4'8" upstairs bath (with toilet, single sink and shower) and 10'6" x 4' 8" walk-in closet. Yearly taxes: $2,442 Jake Rice - Agent/Auctioneer - 641-202-3315 Jim Hughes - Broker - Jim Hughes Real Estate - 712-520-7300 Final bid subject to seller approval.
METHOD OF AUCTION: Online auction ONLY, each building will be sold on a per dollar basis. TERMS: 10% down day of auction with balance due at closing on or before December 31, 2020. ACCEPTANCE OF BIDS: Successful bidders will enter into a purchase contract immediately following the auction. Final bid subject to seller approval. Your bidding is not subject to financing, so financing must be arranged prior to auction. POSSESSION: At closing on December 31, 2020. AGENCY: Auctioneers Jake Rice & Jim Hughes Real Estate are agents for & represent the sellers. All bidders will be considered customers, not clients. DISCLAIMER: Announcements made by the auctioneer at the time of sale will take precedence over any previously printed material or any other statements made. All information contained in the online bidding site and all related materials are subject to terms & 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 or the auction company. Each potential bidder is responsible for conducting his or her own independent investigations, inspections, inquiries, and due diligence concerning the property. The information contained in this online listing is believed to be accurate, but is subject to verification by all parties relying on it. No liability for its accuracy or omissions is assumed by the seller or the auction company. All sketches & dimensions on this website are approximate. Conduct of the auctions increments of bidding are the direction & discretion of the auctioneer.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 49,000.00 1,000.00 USD
49,000.01 - 74,500.00 500.00 USD
74,500.01 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium No Buyers Premium
Payment Terms
TERMS: 10% down day of auction with balance due at closing on or before December 31, 2020. A seller accepted winning bid will enter into a purchase agreement on December 1, 2020.
Buildings are located at 507 Central Bedford, IA 510 Central Bedford, IA
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.