THURSDAY, January 28th, 2021 10:00AM - Featherlite Center, Fairgrounds, Cresco, IA - Lands of America

THURSDAY, January 28th, 2021                   10:00AM
       Featherlite Center, Fairgrounds, Cresco, IA

       124 N. Elm St.
      Cresco, IA 52136
 Mark Burke (563)380-2868

PARCEL BREAKDOWN
              Property will be offered as:
LOT #1 - North 4 Bins and leg & pit ONLY to Be Moved
                           OR
          LOT #2—South 2 bins to Be Moved
                           OR
   LOT #3 - Land ONLY (.566 net acres more or less)
                           OR
                COMBINATION OF LOTS:
         *Land with north 4 bins and leg & pit
            *Land with all bins and leg & pit

(Sale of south 2 bins will be sold at Seller’s discretion.)

LOT #1:

4 Bins—206,000 Bushels
  And Grain Leg & Pit
      To be moved.
63,000 bushel peak capacity
48’ x 10 rings

     Two bins
     50,500 bushel peak capacity
     42’ x 40’

42,000 bushel peak capacity
36’ x 18 narrow ring
Full floor aeration

RECEIVING LEG and PIT
12” auger to leg
Adjustable flow rate
Pit hard-wired with lights and
sump pump
NOTE: Seller will be taking leg down
as it needs a bottom idler and will not
be putting it back up.

110’ 5,000 bushel per hour leg
25 HP motor

LOT #2:
2 Bins—134,000 Bushels
      To be moved.

  Two bins
  67,000 bushel peak capacity
  48’ x 11 rings
  Full floor aeration
  Built in 2007

LOT #3: LAND ONLY

         800 amp service with
         pad mount transformer

         Utility shed for storage

ADDRESS OF PROPERTY: 9851 Corporate Road, Cresco, Iowa

LEGAL DESCRIPTION: The North 241 Feet of the South 339 Feet of Lot 4, Irregular Survey of the South Half
of Section 22, Township 99 North, Range 11 West of the 5th P.M., Howard County, Iowa.

Taxes will be prorated to date of closing.

REAL ESTATE TAXES: $3,438 (Includes 2 large bins to south)

DRIVEWAY: The current owner leases the drive thru driveway from the neighbor. The new
buyer would be responsible for negotiating their own lease.

If bins are sold to be moved, Buyer would have 45 days after closing to have them removed from site.

BIDDER REGISTRATION: Prospective buyers must provide name, address, and phone number to
clerks prior to sale. Bidders must also furnish a letter of credit from their bank.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing,
      if needed, and are capable of paying cash at closing.
TERMS: 10% Down Day of Sale, with the balance cash due upon completion of legal documents
     including surveys. Successful bidders will sign a Purchase Agreement following the close of
     bidding. All information contained in this brochure and all related materials are subject to the
     Terms and Conditions outlined in the Purchase Agreement.
POSSESSION AND CLOSING: August 2, 2021
NOTE: Owners reserve the right to accept or reject any and all bids.
NOTICE: All information contained in this brochure has been gained from sources deemed reliable; however,
bidders are invited to inspect the property and make their own investigations with respect thereto. All sales will
be presumed to be made upon the individual judgment of the purchaser. Each potential bidder is responsible
for conducting his or her independent inspections, investigations, and inquires and due diligence concerning the
property. The information contained in this brochure or other related material is subject to verification by all
parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or Burke Real Es-
tate. Drawings and maps are not to scale and are included as a visual aid only. All acreages are approximate and
have been estimated based on legal descriptions or aerial photographs. This information may not be totally ac-
curate and possibly subject to change. Announcements made day of sale take precedence over any advertised
or preprinted materials.

 All of the property is being offered on an “as is, where is” basis, and no warranty or representation,
   either expressed or implied, concerning the property is made by the Seller or Burke Real Estate.