Auction Information

Real Estate - Day 1 - Onsite Bidding

217 Rath St., Waterloo,  IA 50703
Contact Information
Merv Hilpipre
Email: [email protected]
Phone: 319.415.0816
Auction Schedule
Auction Dates

Start Date: Jun 27, 2022

End Date: Jun 27, 2022

Auction Description

 

ANOTHER HILPIPRE
Two Day AUCTION
REAL ESTATE AND SHEET METAL EQUIPMENT
Owner going out of business
GENERAL SHEET METAL WORKS, INC.
217 RATH ST. -- Waterloo, IA
DAY 1 – Mon., June 27, 12:00 pm (NOON) :
Real Estate: ONSITE BIDDING ONLY
 
 
General Sheet Metal REAL ESTATE Property Details: TOTAL 22,000 sq. ft.
 
This property is located in the Rath Industrial Area - Brown Field Redevelopment:

The City offers Free land and tax rebates for industrial developments in this area - negotiable per project (based on value and jobs). The City has approximately 6+ acres of industrial land in this area, and there is also private land within the TIF district. The City will grant the equivalent of "free land" through tax rebates for development occurring on private land with this area.

THESE Lots were combined and given current Parcel # 8913-25-426-012:

BUILDING 1 used to be 215 Rath Street - Lot 10; Morning Side Addition, Lot 10, Blk 3, SE 10’ Lot 11 Blk 3; Originally Parcel # 8913-25-426-005; Built 1940 - 5680 sq feet includes bathroom/small office in front.

BUILDING 2 - 217 Rath Street - Lot 9: Morning Side Addition, Lot 7 Blk 3, Lot 8 Blk 3, Lot 9 Blk 3; Originally Parcel # 8913-25-426-004; Built 1939 - 4840 sq feet including 2 bathrooms, 1 with shower; 1 office newly remodeled approx. 20' x 25'.

WAREHOUSE - Lot 8: 11,3000 sq feet -built/1980.

GARAGE - Lot Lot 7: Built 1975 - 480 sq ft; Paved 1980.

VACANT LOTS - Lot # 4 & Lot #5: Approx .33 acre total; Morning side addition Lot 4 Blk 3, Lot 5 Blk 3; Parcel # 8913-25-426-00.
 

GO TO THE AUCTION SECTION
and click on details for the 
Day 2 auction - Tuesday, June 28
Sheet Metal Equipment


Click on the document to download and view the Flyer for both days

Auction Documents

Auction June 27 and June 28 2022

Download
Catalog
Terms & Conditions
REAL ESTATE SELL WITHOUT GUARANTEE-- SELLS AS IS, LIKE IS,
WHERE IS, UPON BUYERS OWN JUDGEMENT.   NO WARRANTEES OR GUARANTEES.
 
"Seller disclaims all warranties, expressed or implied with the respect to the goods sold hereunder, including, without limitation all implied warranties of merchantability and fitness." Purchaser agrees to indemnify and hold Merv E. Hilpipre Auction Company and Associates, and all Seller and Associates, harmless from any and all claims, damages, or losses of any kind, arising from the sale or use of the goods sold here under. Further, Purchaser agrees to indemnify and hold Merv E. Hilpipre Auction Company and Associates, and all Seller and Associates, and Webcast Providers and Associates, harmless from any and all bidders’ chosen technology devices they use for webcast bidding. Including but not limited to service disconnection, time delay, non-compliant software, unable to access, etc.
 
Auctioneer Notes
The property has great potential. Total 22,000 Sq. feet. Call us today to schedule an appointment to view property.
Payment Information
DAY OF AUCTION: Purchaser to make three separate payments.

1st Payment: Down payment of 10% of the gross sales.  Payable to the Trust account of the attorney's office. This office to be determined.

2nd Payment: Buyers' Premium of 5% .  Payable to the Auction Co. 

3rd and Final payment:  This payment will be due at time of closing.  Approximately 30 days after the auction.

The Attorney office handling the closing will be posted soon.