FT MADISON, IA COMMERCIAL REAL ESTATE AUCTION
Begins:
Thursday, Apr. 3rd 2025 at 12:00 AM
Ends:
Tuesday, Apr. 29th 2025 at 10:00 AM
Fort Madison, Iowa
COMMERCIAL REAL ESTATE AUCTION
606 & 610 9th STREET, FORT MADISON, IOWA
BIDDING ENDS: TUESDAY, APRIL 29TH AT 10:00 A.M.
Open House/ Inspection: Tuesday, April 15th from 5:00 P.M. – 6:00P.M.
Upcoming Commercial Real Estate Auction – Downtown Fort Madison
General Description: Don’t miss this incredible opportunity to own two downtown commercial buildings selling together for one price! These buildings feature 4,679 sq. ft. of combined main level storefront space, a full partially finished basement under one storefront for storage, and four upstairs 1-bedroom, 1-bath apartments, offering excellent income potential. Both the storefronts and upstairs apartments are all electric but are all individually metered. The water is shared and provided by the landlord.
Auctioneer’s Note: These buildings offer versatile opportunities for retail, office space, and more, making them ideal for an entrepreneur looking to start a business while benefiting from additional rental income! While the apartments need some TLC, this property presents a great investment opportunity in the heart of Fort Madison. Additionally, grants and funding may be available through Downtown Revitalization Programs from the State of Iowa. We strongly encourage all interested parties to contact the Auction Company for a private showing. The auction will be conducted online only, allowing each bidder to conveniently participate using an electronic device from anywhere!
Terms: $7,500 earnest money deposit due at the end of the auction with the remainder due on or before May 29, 2025. The seller will provide a current abstract at their expense. Real Estate sells “as is, where is”. Sale is not contingent on Buyer’s financing or any other contingencies. Sale is subject to Seller’s confirmation.
Real Estate Taxes: Taxes will be prorated to the date of closing.
Reservations: Sellers reserve any all personal property in the buildings.
Inclusions: Any remaining personal property at the time of closing
Closing: Closing will take place on or before May 29, 2025. The balance of the purchase price will be payable at closing by guaranteed check or wire transfer.
Possession: At closing upon payment in full.
NO REAL ESTATE BUYERS PREMIUM!
***ALSO SELLING PERSONAL PROPERTY (Begins closing at 11:00 A.M.)***
This Auction includes all the remaining inventory from Gary’s Trading Post.
Highlights Include:
- Delta 14” metal lathe & accessories, 3-phase w/rotary converter
- Few Snap-On hand tools
- Lincon 225-amp welder
- Porta Power
- Kennedy tool chest
- hand & power tools
- Acoustic & electric guitars
- Amplifiers, microphone stand, etc.
- Clarinets, trombone & other instruments
- Taxidermy mounts
- Samuri Swords
- Geodes
- Sheaffer pens
- Gold & Silver jewelry
- Pocket watches
- coins & tokens
- Golf clubs & accessories
- Vintage cameras
- Beer signs
- RR keys, locks & badges
- Stamp albums
- Military buttons, knives & bayonets
- Chainsaws
- Glassware, collector plates & figurines
- Lots of misc. collectibles
- Mantle & banjo clocks
- furniture & shelving
Pickup/Removal of Personal Property: All items must be picked up Thursday, May 1st from 3:00PM – 6:00PM. Buyer’s Premium of 18% will be added to all personal property purchases! All personal property sells “as is, where is”. All items must be removed during the designated pickup time – NO EXCEPTIONS or will otherwise be subject to forfeiture without refund!!
GARY M. & NORMA L. DAVIS – SELLERS
LAW OFFICE OF GREGORY JOHNSON – ATTORNEY FOR THE SELLERS
Open House/ Inspection: Tuesday, April 15th from 5:00 P.M. – 6:00P.M.
PICKUP DATE & LOCATION: THURSDAY., MAY 1ST from 3:00 PM – 6:00 PM. S Buyer’s Premium of 18% will be added to all personal property purchases! All personal property sells “as is, where is”. All items must be removed during the designated pickup time – NO EXCEPTIONS or will otherwise be subject to forfeiture without refund!!
SIGN UP FOR A PICK UP TIME: https://www.signupgenius.com/go/904084AADAB29A0FD0-56099674-garys
Corey Fraise 319-470-0115