503 West Street
A 5% Buyer's Premium will be added to the final Sales Price. All applicable taxes will be assessed based on the sum of the sales price and buyer's premium.
Commercial Building
*****The seller has chosen to accept an offer prior to the scheduled auction date. *****
*****As a result, this commercial building is now under contract.*****
Carroll County
Whitaker Marketing Group is honored to present a Commercial Building located at 503 West Street, in Manning, Iowa.
This property boasts rental income and great investment potential. The property is composed of one tract, located at 503 West Street, in Manning, Iowa.
Highlights:
- Investment Potential
- Potential Rental Income
- Endless Possibilities
- 3- Phase Electrical
Location of Building: 503 West Street, Manning, IA 51455, located on the West side of Manning, Iowa.
Directions to the Building: From Casey's in Manning, Iowa, proceed west on 6th Street for just 0.7 miles. At that intersection 0.7 miles away, the building is situated on the northwest side, to the left.
Location of Auction: Sealed Bid Auction due by 5 PM CST on June 25th, 2024. You can download the bidding packet in the documents tab below or call our office and we can mail you a bidding packet.
Size: 11,760 SF +/- total for both Metal Commercial Buildings
Building 1 Store:
Year Built: 1979
Gross Building Area: 10,464 SF
Flooring: Asphalt Tile
Framing: Steel
Roof: Metal/Stl/Insul (51'-79' Wide)
Struct Floor: 4' R'Concrete
HVAC: Combination Forced Hot Air - Air Conditioning
Plumbing: 1- Sink-Kitchen, 1- Stainless Steel Sinks (lounge), 2- Stainless Steel Sinks (lounge)
Building 2 Warehouse:
Year Built: 1961
Gross Building Area: 1,296 SF
Electrical: Lighting Only
Framing: Pole Construction
Roof: Metal/ Frame (< 50' Wide)
Struct Floor: Earth
HVAC: No HVAC
Yard Extras:
#1- (1) Paving- Concrete, 6,800 SF, Concrete Parking, Average Pricing, Built- 1994
#2- (1) Yard Lighting- 1 Pole, 25 Pole Hight, 1 Light, 400 Watts, Built- 1979
#3- (1) Sidewalk Lift- 1 Sidewalk, Built 1994
Zoning: C-2, Central Commercial District
Utilities: The building has all utilities in place. (City of Manning) Fiber Internet to the building.
Taxes: $6,500.79 Estimated
Legal Description: 18-82N-36W Parcel ID: 13-18-478-002
Condition: Property is offered on an "AS - IS" basis.
Rental Status: The building is currently not rented out.
Environmental: The owner knows of no environmental hazards, but buyers are responsible to perform their own due diligence on all environmental risks.
Auction Sales Method: The real estate will be offered as 1 tract(s) of real estate. Sealed bids: Written bids will be received at the office of Whitaker Marketing Group, on or before June 25th, 2024 at 5 PM CST, and all bidders will be notified of receipt and sellers will be given one day to review offers and make their decision. No other bidding round will be performed. This is a one-chance sealed bid. Written bids can be mailed to Whitaker Marketing Group, 101 US Hwy 69, Huxley, IA 50124 or emailed to info@wmgauction.com. *Bid forms are available on the Documents tab. Bids should be for the total price, not per acre. Please submit your highest and best offer, as there will be no oral bidding. Seller reserves the right to reject any and all bids and to modify bidding requirements at their discretion. The seller would like 72hrs to consider the bids before notification to the winner. Buyers Premium: A 5% Buyers Premium will be charged and be added to the high bid amount to become the gross sales price. Survey: At the buyer's option and expense, they can have the property surveyed if desired. The final contract price will not be adjusted to reflect any difference between the advertised and actual surveyed acres. Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). Taxes: The real estate taxes will be pro-rated to the day of closing. Contract and Title: After the seller has picked the winning bid at the conclusion of the bidding, the high bidder(s) will enter into a real estate contract and the earnest money will be deposited in the Real Estate Trust Account of the seller's attorney. The Seller will provide a current abstract of title at their expense. The seller reserves the right to reject any and all bids. Subject to the first right of refusal. Earnest Payment: Earnest money in the amount of ten (10%) percent of the contract price shall be due with the acceptance of the offer. The payment may be in the form of a cashier’s check, personal check, company check, or wired funds. Earnest money will be deposited in the Real Estate Trust Account of the seller's attorney.
Closing: The sale closing is on August 9th, 2024, or such other date agreed to by both parties. Certified funds will be required at the time of closing for the remaining balance of the purchase. The balance shall be paid in the form of certified funds upon closing.
Agency: 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.
Seller(s): Ramsey Realty LLC
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Manning, Iowa 51455
United States