Iowa Farmland Auctions & Selling Farmland is not just land and crops … Its Our Business

Commercial Property Auction-NO RESERVE


1321 S Lincoln St, Knoxville, IA 50138

December 19th
10 Am CST

Bid OnlinePrint Sale Bill

Auctioneer: David Whitaker ALC, CAI


Auction Location


KFC / Taco Bell | Commercial Land and Building Site For Sale At Auction, Name Your Price

KFC / Taco Bell | Commercial Land and Building Site



Year built – 1976

Building Area 1,990 Sq ft

Basement – Full

Lot Area 27,248 Sq Ft

Occupancy - Restaurant

Roof Covering Rubber Membrane/ Conc

Bathrooms – 2

3 Walk-in freezers

Parking lot – Concrete

Chain link fence

Lot Size: 0.64 Acres

2018 Taxes: $6,184

Home of the Knoxville Raceway which holds the official Sprint Car Nationals

Knoxville Raceway is the 4th largest outdoor facility in Iowa

Easy access to Highway 5 & Knoxville Municipal Airport

Area is anchored by Walmart, Fareway, McDonald’s, and Knoxville Farm & Home

Grease interceptor

Drive through opportunity

Potential for office use

PARCEL ID- 10707-000-00

2018 Taxes: $6184


1321 S Lincoln St, Knoxville, IA 50138


Located 1000 ft North of Hwy 5 at the Knoxville exit.


SW SE N205.5' OF S801.5' OF W168' EXCW33'


Onsite at 1321 S Lincoln St, Knoxville, IA 50138


Highway 14 10,600 VPD

Highway 5 6,300 VPD


1 Mile

Population- 8,197

Avg HH Income- $58,448

Total Households- 3,536

3 Mile

Population- 9,856

Avg HH Income- $61,476

Total Households- 4,127

5 Mile

Population- 17,783

Avg HH Income- $66,744

Total Households- 7,123


McDonalds, Hardees, Fareway Grocery, Walmart, Sonic, Knoxville Farm and Home, US Cellular, Dairy Queen, Subway, Dollar General




The Business will be offered as one tract of land. “The land will be offered at auction on Dec. 19th, 2019, 10:00 a.m. onsite; 1321 S Lincoln St, Knoxville, IA 50138. 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 Trust Account of the Seller's Attorney. 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 Jan. 20, 2020. A Warranty Deed will convey the title. Updated abstract(s) will be provided to the buyer at the seller's expense.

All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. This sale is subject to all easements, Covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. All bids will be on a whole dollar amount basis. Seller reserves the right to reject any and all bids. Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the auctioneer. All decisions of the auctioneer are final. Any announcements the day of sale will take precedence over any preprinted materials.


Drone Video


Sale Flyer

Auctioneer: David Whitaker ALC, CAI



Specializing in Selling Farmland

Join Our Mailing List
Kathy Baker Kim Jass-Ramirez
Kathy Baker Kim Jass-Ramirez
13:23 19 Nov 19
Based on our experience, we would highly recommend the Whitaker Group. We were very pleased with the process and the results of both our live land auction and the online auction of our equipment and personal goods. David, Ann, and their crew are knowledgeable, personable, and hard working through every step from planning to closing. Denny and Kathy Bakerread more
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!read more
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!read more
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 more
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 Iowaread more
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 Yeggyread more
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!read more
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!read more
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!read more
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!read more
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 Eldridgeread more
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 more
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 more
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!read more
Next Reviews