Terms, conditions, etc

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  Lot #2  (Sale Order: 2 of 2) 
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Description Terms of Sale
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Offering a once-in-a-lifetime opportunity to purchase an attractive, well-located, commercial property, that housed a thriving retail business established by Marlene and Pat in 2001. The barn building (31' x 41') was moved onto the property in 2001, and was completely remodeled and refurbished in May 2001, including rewiring, insulation, windows, new front door, LED lighting, and 3 forced-air propane furnaces with 3 central air units. The interior of this structure was beautifully refurbished, keeping it's authentic original appearance. Asphalt shingles were replaced approximately 3 years ago. In 2003, a 21' x 34' 1-story addition was added on the North end of the original barn building, and includes an 8' x 10' door with opener. Utilities include a 500 gallon propane tank; water provided by the City of Granville; and electric supplied by Mid-America. The property has its own septic and leach-field system.

INSIDE PROPERTY DESCRIPTION: Main display and sales area on the main floor 31' x 32' with gas fireplace, L shaped counter, kitchen area, bathroom, wood flooring, 9' ceilings, track lighting, 5' wide bridge plank stairs to the second floor. The staging/wrapping/prepping room is 8' x 17' consisting of 2 long countertops with cabinets and one site has attached cupboards. Office room is 10' x 15' with an L shape Formica counter and a storage closet. The back storage room has a 12' long countertop with cabinets and a 18' x 20' storage room with electric door opener and the floor is cement. The second floor is irregular shaped due to the slant in the walls with the stairs from the main floor and the stairs to the third floor. This room measures 34' x 27' including the irregularities. Also, on the second floor is the storage room (18' x 34') with ample shelving. The third floor measures 19' x 23' with slanted walls.

TERMS: 20% non-refundable earnest money deposit, day of auction. Buyer agrees to sign a real estate contract day of the auction, with balance due and payable on or before January 15, 2021, when possession will be granted.

REAL ESTATE TAXES: The Seller will pay all of the real estate taxes up until the day of settlement and all prior taxes. The net taxes on the subject property are $910.00 per year.

POSSESSION: Possession given on or before January 15, 2021, and upon delivery of clear and merchantable title.

INVENTORY & BUSINESS PURCHASE: Any individual(s) considering purchasing the real estate, and would have an interest in continuing the presently-established business and acquiring the current inventory, may discuss options with the auction company (Jim Klein). Potential serious buyers must provide a letter of financial commitment from their lender, at which time the sellers will provide the following: Vendor list, P&L statement, Income tax records, Cash registers and POS equipment, over 11,000 Facebook followers, supplies, totes, wrapping & shipping materials, and Marlene's support-time to acclimate new owner (to be negotiated).

DISCLAIMER: Every effort has been made to insure the accuracy of the information provided, however no warranty is given concerning measurements, condition, age, or authenticity concerning this property, and will be sold "As-Is". This property is offered as a cash transaction, and NOT subject to any financing contingencies. The final bid is subject to the seller's approval. The Auctioneers/Broker in this transaction are representing the sellers interest, and all announcements made the day of sale shall supersede this ad.

AUCTIONEERS' NOTE: Wow ~ What a lifetime opportunity to acquire an already established business, or grow your own enterprise on this appealing, attractively-located site! If the open house dates/times are not convenient, please call the auction company for a private showing. Additional photos/videos available at www.iowaauctiongroup.com or www.kleinrealestate-auction.com

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This item is part of The Garden Gate
 Saturday, Nov 21, 2020 | 9:00 AM  Central
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Terms, conditions, etc
Terms, conditions, etc
Lot number: 2
Seller: Iowa Auction Group LLC
Event: The Garden Gate
Ends: Saturday, November 21 | 9:00 AM  Central

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