KEOKUK, IA COMMERCIAL REAL ESTATE - SMITH

Tuesday, October 24, 2023 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at

(844) 847-2161

How to participate in a Virtual Online Auction

LOCATION

Lee County, Iowa

Physical Address: 511 Blondeau St. Keokuk, IA 52632

SELLER

John "Jack" & Mary Jo Smith

MANAGED BY

Jeff Hoyer (319) 759-4320

Dan Sullivan (319) 795-1833

GENERAL INFORMATION

This historic brick office building has 1188 square feet on each of the three levels with an additional 840 square feet to the rear of the building. Currently there are several private office spaces ranging in size, 2 large conference rooms, large reception area, kitchenette and three 1/2 baths. The top floor has been used as storage recently. There are 2 garage stalls with alley access. A very nicely landscaped courtyard connects the garage and building.

Lot Size: 35’ x 140’

Real Estate Taxes: $2,182.00

AUCTION BROCHURE

VIEW INTERACTIVE AUCTION BROCHURE

INTERNET BIDDING CATALOGS

CLICK HERE FOR INTERNET BIDDING AND IMPORTANT DOCUMENTS

SOLD!

TOTAL LUMP SUM - $39,500.00

OPEN HOUSE

Tuesday, October 10 • 4:00 PM - 5:00 PM

Or by appointment

METHOD & TERMS

The Smith property will be sold for a lump sum total dollar amount.

Immediately following the auction, the successful buyer 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 which will take place on or before December 22, 2023 upon delivery of a merchantable abstract and deed. Possession will be given at the time of closing, subject to the current tenants lease. Real Estate taxes will be prorated to the date of closing.

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, 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, LLC pertaining to this property. Real estate is being sold “AS IS”.