Discover an exceptional investment opportunity in historic downtown Fort Madison, Iowa, with this commercial property featuring two storefronts totaling 4,624 sq. ft., as well as four 1-bedroom and one 2-bedroom upstairs apartments showcasing original hardwood floors and built-ins awaiting refurbishment. The main floor offers high tin ceilings and original woodwork, creating a versatile space ideal for retail, offices, a restaurant, or showrooms. Both buildings have a newer membrane roof, ensuring durability and reduced maintenance costs. An adjoining graveled lot provides ample parking or potential for an outdoor venue, enhancing its appeal for various business opportunities. This property combines income-generating potential with historic charm, making it a rare find in downtown real estate. Don’t miss out—contact us today to explore this unique opportunity! Auctioneer’s Note: Formerly known as Faeth’s Cigar Store, this property was an iconic downtown neighborhood bar and sporting goods business, offering tremendous potential for revitalization. The apartments, unoccupied since the 1990s, provide great income opportunities with restoration. Additionally, grants and funding may be available through Downtown Revitalization Programs from the State of Iowa. We strongly encourage all interested parties to contact the Auction Company for a private showing. The auction will be conducted online only, allowing each bidder to conveniently participate using an electronic device from anywhere! Terms: $10,000 earnest money deposit due at the end of the auction with the remainder due on or before February 24, 2025. The seller will provide a current abstract at their expense. Real Estate sells “as is, where is”. Sale is not contingent on Buyer’s financing or any other contingencies. Sale is subject to Seller’s confirmation. Real Estate Taxes: Taxes will be prorated to the date of closing. Reservations: Faeth’s Neon building sign, floor safes, 1933/34 World’s Fair Chicago mahogany & marble bar along with matching marble wall & art deco wall sconces, bar stools, Lozier shelving and all other personal property Inclusions: Any remaining personal property at the time of closing Closing: Closing will take place on or before February 24, 2025. The balance of the purchase price will be payable at closing by guaranteed check or wire transfer. Possession: At closing upon payment in full. NO REAL ESTATE BUYERS PREMIUM! WILLIAM R. FAETH lll – SELLER FEHSEKE LAW OFFICE ATTORNEY FOR THE SELLER

Framework is 96" from end to end; The letters are 13" tall with the widest letter being 10"; The sign does work, but some bulbs are damaged; The sign measures approx. 24" top to bottom

This well-documented U-shaped mahogany bar, purchased from the 1933/34 Chicago World's Fair/Century of Progress Worlds Exposition Pabst Blue Ribbon Casino, features marble front panels and a matching marble back bar with Art Deco mirrors and sconces. The front bar spans 30'1" with six marble panels across the front and three on the sides, complemented by a footrest that measures 8 3/4" tall and 9" wide. The 7' wide return connects seamlessly, while the 22" wide countertop stands 42" tall at its highest point. The back bar mirrors these dimensions, with a 16" width countertop and a 1" thick marble backsplash, including mirrored panels up to 54" tall. (NOT INCLUDED are the bar stools, bottle coolers, and a three-hole stainless sink)

They are floor mounted swivel stools; 30 1/2" tall; Seat has been reupholstered

They are floor mounted swivel stools; 30 1/2" tall; Seat has been reupholstered

They are floor mounted swivel stools; 30 1/2" tall; Seat has been reupholstered

They are floor mounted swivel stools; 30 1/2" tall; Seat has been reupholstered

They are floor mounted swivel stools; 30 1/2" tall; Seat has been reupholstered

They are floor mounted swivel stools; 30 1/2" tall; Seat has been reupholstered

They are floor mounted swivel stools; 30 1/2" tall; Seat has been reupholstered

They are floor mounted swivel stools; 30 1/2" tall; Seat has been reupholstered

They are floor mounted swivel stools; 30 1/2" tall; Seat has been reupholstered

They are floor mounted swivel stools; 30 1/2" tall; Seat has been reupholstered

Currently Plugged in and working; 26 1/2" deep x 64 1/2" W x 3 3/4" H

20 1/2" D x 95" W x 30" H with 4 " backsplash

Currently plugged in and working; 26 1/2" D x 50" W x 34" H

Both are in excellent condition

Dusty but in great condition

Does have some chips

Dovetail Cigar Box

Majority are 1 and 5 cent sales tax tokens and includes others

includes: Pabst Blue Ribbon, Meister Brau, Griesedieck Bros., Prager,

Winston Select & Camel Advertisements

Vice Roy, Bell Aire, Newport, Kent, Winston, Village of Tobaccoville

Nice original labels

15" x 7 1/2" Diameter

1 knife has a broken blade

Lotions, ointments, salad dressing, & more

Jar includes original product; label is starting to come loose

Dirty & rusty; Does not pump up

12 1/2" Tall; Has a small chip in bottom corner

Plastic handle

Virginia Mascot Cheroots Cigar Box

Murphy's Varnishes Advertisement, Conditions vary

The Mystic Oracle, Up to Date Book of Wonders, Parlor Pastimes Pamphlet, Fishing & Valentine's Greeting Postcards, Joke Books, Brand Raft Puzzle Books, Metropolitan Life Ins. Co., "The Lost Jap", WM F. Kiel & Son The Tornado Plastic Letter Openers, Cartoon Newspaper clippings,

In working condition

Collection of black and whit e photos of Fort Madison, Iowa homes. Some of the photos are marked on the backside with address & home owner

Also includes Gillette, Pocket mirror, Falstaff Ashtrays, American Snuff tins, tobacco tins, assorted buttons, Ronsonol, & more

Appears NOS;

Hammers, trowels, monkey wrench, door hardware

one has a Budweiser label, the others are unmarked

Appears NOS

Appears NOS

Approx. 11

Very good overall condition

Dated as early as 1929

10" x 20"

Camel Ash Tray, Gem Razor Kit, Bottle Openers, Wire rim glasses, Precision tools, tape

Tin cup, horseshoe games, Dominion blank cartridges, etc.

8" x 16"

Falstaff, Winston's Pro Rodeo, Soda Fountain Management, Star coin book, Raleigh Cigarettes, 1939 Am. Legion National Convention, & more

Some have advertisements

hanger is broken

24"

14" x 19"

Rulers include: Stanley #136 1/2; Lufkin #388; Stanley #66 1/2; Stanley #161 & Others

10" x 13"

1 staple is missing

corner of binding torn

Dad's Day; Very good overall condition

Very good overall condition

Rose Bowl

Very good overall condition

Very good overall condition; Has some writing on cover

Very good overall condition; Has some writing on cover

Iowa Vs. California; very good overall condition

Very good overall condition

good condition; Has some writing on cover

Very good overall condition

some dog eared corners; Has some writing on cover

Very good overall condition; Has some writing on cover

Very good overall condition; Has some writing on cover

Very good overall condition; Has some writing on cover

water damage; dog eared corners; Has some writing on cover

Very good overall condition; Has some writing on cover

Very good overall condition

very good condition

Has some writing on cover; very good condition

very good overall condition; Has some writing on cover

Very good overall condition; Has some writing on cover

Very good overall condition; Has some writing on cover

Very good overall condition

Has some bent corners; Has some writing on the cover

Scorecard has been written on

Scorecard has been written on

Scorecard has been written on

Overall good condition

Has some writing on cover; very good condition

One guide has bent corner

Overall good condition

1942 Baseball record book, 1951 Who's Who in Baseball, 1951 Guide & rules for slow pitch softball

Overall good condition

Very Rough Corners

very good condition

Conditions vary

very good condition

Very good condition

Scorecard has been written on

Who's Who in Baseball, 1974 Baseball handbook, 1938 Baseball facts/figures, World series encyclopedia, etc.

Train Tickets from Fort Madison to San Diego

Rough bottom Binding; some water damage

some writing on one cover

Baseball handbooks, 1950 baseball scorecard, 1939 Baseball schedules, football schedules, & more

12" x 20"; Approx. 8 posters; some have folded corners; Includes original envelope, packet of approx. 15 price stickers, & merchandizing plan

Includes Dorthy Wilson, Richard Cromwell, Lillian Bond Star Shaped Posters, Pricing stickers, Five 10 1/2" x 16 1/2" May Clark posters; Two 8" x 30" Hollywood Lunch Banner Posters

14" x 16"

The Daisies of the Diamond Field & The Polo Grounds in 1887

37" x 48"; Water damage at the top of poster from storage; still has wax paper cover over it

All have water damage and in rough condition

All have water damage and in rough condition

Both have water damage

12" x 30" x 72"

Some rust on the frame

Water damage; frame is rusty

Frame is rusty; water damage

Frame is rusty; water damage

Frame is rusty; water damage

Frame is rusty; water damage

Frame is rusty; water damage

Frame is rusty; water damage

Frame is rusty; water damage

Frame is rusty; water damage

Frame is rusty; water damage

Frame is rusty; water damage

Frame is rusty; water damage

Frame is rusty; water damage

25" D x 22 1/2" W x 39" H; Combination will be given to buyer at pickup

3 doors

17 1/2" x 21 1/2"

22" x 26"; Does have a bent bottom left edge

26" x 34"

Approx. 13

Hamm's, Falstaff, Miller Highlife, Local Pickup only

Pabst Blue Ribbon, Budweiser, Schlitz, Miller Lite, etc...

local pickup only

Has a little water damage

Has a little water damage

Copenhagen Snuff Can openers, Stag Beer Cans, & Virginia Smoking Tobacco Tins

184 cassettes

24 in the box

24 in the box

Approx. 18 baskets

16" x 28"

warmer

19" x 25"; 3 in very good condition, 1 has water damage

All have some damage; Bentwood & straight back

36" x 27"

Approx. 50

34 different knots

#97 Danny Litwhiler 1949 Bowman Baseball Card. Nongraded, corner edges are slightly creased, other wise appears to be in good overall condition

Ealy Wynn 1949 Bowman#110 Baseball Card. Ungraded, corners are slightly creased, otherwise appears in good overall condition.

1949 Bowman #111 Red Schoendienst Baseball Card. Ungraded, corner edges are slightly creased, otherwise appears to be in good overall condition.

1949 Bowman #146 Mike McCormick Baseball Card. Ungraded, corner edges are slightly creased, otherwise appears to be in good condition.

Ungraded, obvious crease and paper peel

Ungraded

Ungraded, creased and dirty from smudges

1912 John Ferry Recruit Little Cigars tobacco/baseball card. Ungraded

19.5"d X 18"w X 28"h. Was purchased from the J. Parod Shoe Store in Fort Madison , Iowa. Works and combination will be given to buyer at pickup. Must bring your own help and equipment to move.

No identifying marks. 28"d X 31.5"w X 46.3"h. No identifying marks. Works and combination will be given to buyer at pickup. Must bring your own help and equipment to move.

12 gauge dies.

Reloading bullets, new in sealed boxes

Drill, pipe cutter, old utensils, etc.

Some of the stitching is coming loose

Vintage new old stock playing cards with duck images

New old stock Kern Insurance desk pads. Approx. 20

Alpha I

Pepsi, 7UP, etc. Majority are rough conditiion

1,000 quantity per case.

250 quanity per case

500 quantity per case