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Sold $500,000 | Boondocks Auction 16.41 ac +/-, Truck Stop | Restaurant | 30 Unit Hotel/Motel

Sold 500,000

3061 220th St, Williams, IA 50271

Bid OnlinePrint Sale Bill

Auctioneer: David Whitaker

515-460-8585

Auction Location

Details

Boondocks 16.41 ac +/-, Truck Stop | Restaurant | 30 Unit Hotel/Motel

General Description:

The property is composed of one tract of land totaling 16.41 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

Legal Desctription

16.41 Acres located in SW of the SE Sec33-89N-23W

Zoning

Property is classified as Commercial

Under Ground Storage Tanks

See the documents tab for the NFA certificate.

Possession

Possession is to be determined

Individual Tract Information

16.41 acres Truck Stop | Restaurant | Hotel | Personal Property

Restaurant

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

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

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


Mechanics Shop

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 Buildings

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


Showing

Showing by Appointment Only

Fuel System and Amenities

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

Taxes

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

Terms and Conditions

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."

HEL & WETLANDS

Land is classified as NHEL

CROP Contract

ARC County, currently farmed by tenant for the 2018 crop year.

FSA Farm #

1949

FSA Tract #

#6781

FSA Farmland Acres Total

3.43

FSA Cropland Acres Total

3.43

FSA DCP Cropland Total

3.43

CSR2

81.9 (Source) Agridata

Corn Base

3.43

Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction.  

Photos

Drone Video

Documents

Sale Bill

FSA Info

Farmland Soil Map

Certificate of No Further Action (Fuel Tanks)

Environmental Covenant

Under Ground Storage Tanks

Lagoon Permit

Plat of survey

Welch oil equipment

Property line over FSA boundaries

Restrictive covenant on neighboring property

Easement to Welch motels

Auctioneer: David Whitaker

515-460-8585

Location

Specializing in Selling Farmland

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Blake Pekkala
Blake Pekkala
13:29 12 Jul 19
David and Ann were a tremendous help when we had to clear out my dad's house after he passed away. I was worried that it would be a difficult process since I live in Minnesota and my dad lived in Iowa. David and Ann coordinated with our realtor to take inventory of my dad's farm without me having to be there physically. They arranged everything for online bidding and made it easier than I could have imagined. I came down for auction pick-up day to meet them and thank them for all their help. I can't say enough about how easy they made the process. I was also surprised by the amount of money that seemingly ordinary possessions were able to bring at auction. They had excellent communication the whole time and were very helpful in answering vehicle title questions. They were also very knowledgeable about a lot of the farming equipment that I was unfamiliar with. They run a very organized operation and are great people to work with!
kyle olson
kyle olson
20:22 02 Jul 19
David and his wife always do an exceptional job! I have referred personal property auctions to them a few times and they do a great job in getting the items in front of the most people possible with their online platform and advertising. We have also worked some real estate deals and have had very smooth transactions. Highly recommend!
Anne Nouri
Anne Nouri
08:22 23 Oct 18
A great knowledgeable and professional team to work with! David and his team are the right group to handle the sale of any asset category. They always go above and beyond with the best marketing campaign to deliver results.
Shane Henderson
Shane Henderson
05:05 23 Oct 18
Great Farmland Auction Company in Central Iowa. They will market you farmland better than any other Company.
Nancy Abram
Nancy Abram
11:19 28 Sep 18
Our family worked with David and Ann on valuation of our farm. They were very professional, provided accurate and timely information and had absolutely the best follow-up habits and practices. I would strongly recommend them in dealing with farmland sales in Iowa. They are incredibly knowledgeable about current trends and local situations. Their marketing recommendations are excellent. David was proactive, and anticipated any issues or concerns we had in dealing with our family farm. Nancy Abram Associate Professor of Practice, Marketing Tippie College of Business University of Iowa
Eileen Yeggy
Eileen Yeggy
04:23 28 Sep 18
When our Mother passed away we needed to determine a fair market value for her farm.Whitaker marketing group provided us with an outstanding report that detailed many metrics that any buyer would be interested in knowing.Calls were returned promptly and questions were thoroughly answered.I would recommend Whitaker Marketing group as an indispensable source for your auction needs. Thomas and Eileen Yeggy
TJ Trau
TJ Trau
04:09 29 Jul 18
Exceptional company with outstanding service. Whatever your auction needs, Whitaker Marketing Group is the company you want to do business with! David and Ann made purchasing a house a breeze! Cannot thank them enough for all of their work!
Nathan Rippke
Nathan Rippke
17:31 27 Jul 18
David and team always do a great job. They always keep the crowd/audience engaged and deliver a fantastic experience. Highly recommend!
Andrea Dahlberg
Andrea Dahlberg
22:01 17 Nov 17
Whitaker Marketing Group is making a difference in the fundraising community of Central Iowa! I have been so impressed with their level of professionalism and excitement to help raise money for our community! I recommend WMG to anyone talking about fundraising, sharing that they are worth every penny and that they are the best auctioneer company in the state!
Brandi Nelson
Brandi Nelson
13:00 07 Sep 17
David is a very talented auctioneer and hard worker. His knowledge of land and land sales is outstanding. He will work hard for you & get you top dollar every time!
Sue Eldridge
Sue Eldridge
02:43 01 Sep 17
Whitaker Marketing Group was much more than a business we used. David and his wife, Ann, were with us each step of the way as we made the decision to sell our farm. He walked us through the auction process and took care of all the paperwork, working closely with our family attorney of 40 years to complete the legal process. David's advertising and superior auctioneering skills allowed us to realize a great price for our ground. During the sale process, he also helped us negotiate a fair price on an acreage, which we are currently designing as our dream home. we would definitely recommend Whitaker Marketing Group for all your real estate or auction needs. We are glad to call David and Ann friends after working so closely with them! Sue and Brian Eldridge
Steven Brockshus
Steven Brockshus
01:44 01 Sep 17
David is driven to provide his clients the best & most competitive service possible. 5-stars from me!
Brian Tucker
Brian Tucker
00:57 01 Sep 17
The Whitaker Marketing Group is amazing to work with. They are extremely friendly, honest, knowledgeable, hard working, and talented. They make auctions fun and get the job done.
Mike Swartzendruber
Mike Swartzendruber
21:12 31 Aug 17
Very professional before, during and after the auction. High quality marketing. Kept me informed of how the purchase process was progressing.
Eric Deters
Eric Deters
17:22 31 Aug 17
I hired David for an auction. Him and his wife were very professional. Their auction software made the auction go very smoothly. It was very easy for the customers to register and pay for their auction items. Davids auction chant is very easy to understand and makes people laugh out loud with his one liners. I would recommend David to anyone and I will definitely be hiring him again for all my future auctions. Thanks again David for all you do!
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