LEE COUNTY, IOWA LAND AUCTION - GILBERT/LANCE

Lee County, Iowa

Physical Address: 2475 372nd Street, Keokuk, IA 52632

The Gilbert/ Lance Property is located in Section 21, Jackson Township, Lee County, IA. 1 mile west of Keokuk, IA. From the U.S. Hwy. 61 bypass on the west edge of Keokuk, IA take Johnson St. Rd west a ½ mile to 250th St., turn right or north and go a ½ mile to 372nd St. Turn left or west and proceed a ¼ mile to the property. (Please Note: 372nd St. is an owned access to this property)

Monday, August 31 • 4:00 PM - 5:30 PM

45.93 acres± • 1 tract

Mark your calendars now for this upcoming Lee County, IA Real Estate Auction. This awesome property offers a well-built 3 bedroom brick ranch style home that includes 1,800 sq. ft. of living area. Other features of the home include 3 full baths, a nearly 100% finished walkout basement and an attached 2 car garage. Attributes to the home include 2 non-conforming bedrooms, family room/rec room in the basement and GeoThermal heating & Cooling. The balance of the property offers excellent hunting/recreational opportunities with its open grass areas and its heavily wooded timber and there is nice single car detached garage. We urge you to check out one of the most highly sought after properties that will be offered at auction in the Tri-State area in 2026.

• The tract is improved with nice brick style home that offers 1,800 sq. ft. of living area on the main floor, 3 bedrooms, 2½ baths and a 2-car attached garage.
• The basement offers 1,720 sq. ft. of finished living area and includes 2 nonconforming bedrooms, a large rec/family room and 1 bath.
• There is a large deck accessed from the upper level and concrete patio off the lower walkout basement.
• GeoThermal heating/cooling and public water.
• The balance of the property offers excellent hunting / recreational opportunities with its open grass areas, heavily wooded timber and there is nice single car detached garage.
• Access is on the east by 372nd St., which is an owned access road.
• Estimated Gross Real Estate Taxes: $5,869.00 (30.76 acres are in Forest Reserve)

The Gilbert/Lance property will be sold in one individual tract for a lump sum total dollar amount.

Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing in approximately 30 days on or about October 15, 2026, upon delivery of a merchantable Abstract and Deed. The Real Estate Taxes will be prorated to the date of closing. Full possession will be given at the time of closing. Subject to the Iowa Septic System Law the septic system required testing, which has been completed and the system passed inspection.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold “AS IS”.