November 30, 2020

FOR SALE: Ayrshire Grain Facility

DSC_0863 compAryshire facility sale bill – PDF

Ayrshire Sealed Bid Form – PDF

LOCAL ADDRESS: 1307 Francis Street, Ayrshire, Iowa

Real Estate includes 5 steel bins 50,000 bushels each, flat grain storage 50,000 bushels (300,000 bushels total storage), 2 grain receiving pits, 1 grain leg (4,000 bph), 1 grain leg (3,000 bph), 10’X70’ pit scale and office. Excludes gas pump and tank.

A plat is available for inspection at the office of MaxYield Cooperative, 313 3rd Avenue NE, West Bend, Iowa.

SEALED BIDS will be accepted at the office of MaxYield Cooperative, 313 – 3rd Avenue NE, West Bend, Iowa (“Seller”) up to 5:00 p.m. on the 15th day of September, 2014. All bids shall be firm bids. The five highest bidders will be invited to attend the auction on the 17th day of September, 2014 at 10:00 a.m. (the “date of sale”) at the office of MaxYield Cooperative 313 – 3rd Avenue NE, West Bend, Iowa. The five highest bidders will then be given an opportunity to make further bids in person on the date of sale.

DSC_0868 compThis property will be sold on the following terms.

1. A Real Estate Contract in the form acceptable to Seller will be signed by the Buyer immediately after the sale. Ten percent (10%) of the bid amount shall be paid to the Seller, in good funds acceptable to Seller, upon execution of the Real Estate Contract. The balance of the bid amount shall be paid at closing on the date agreed upon by the parties (Final Payment Date) which shall occur no later than (30) days after the date of sale. Upon final payment, title shall be conveyed to Buyer by Quit Claim Deed.
2. The LP tank (located on the southeast portion of the Real Estate) and the radio communications repeater equipment (located at the top of the grain leg) together with the related items, are excluded from the sale. Seller shall have the right to remove the radio communications repeater equipment and related items at Seller’s expense up to 12 months after the date of sale. Within six months after the date of sale, Seller, at its expense, shall remove the LP tank, pump and plumbing but not the foundation for the LP tank.
3. Possession shall be given on the Final Payment Date. Buyer shall have the option on the date of sale to pay in good funds acceptable to Seller (in addition to the required payment of ten percent (10%) of the bid amount) an additional forty percent (40%) of the bid amount to the Seller at which time Buyer shall be entitled to take immediate possession of the Real Estate upon the delivery to Seller of a certificate of insurance evidencing casualty insurance upon the improvements in an amount greater than the remaining balance of the Real Estate Contract and liability insurance in the amount of $1,000,000.00 per claimant per incident. Seller shall be named as an additional insured up to the date of final payment. During the period of possession prior to the date of final payment, Buyer shall have the right to make improvements or repairs to the Real Estate but shall not be allowed to remove any improvements existing on the Real Estate as of the date of sale.
4. The Abstract of Title shall be continued at Seller’s expense and delivered to Buyer for examination.
DSC_0866 cmop5. Title shall be conveyed by Seller by Quit Claim Deed.
6. Real estate taxes, special assessments and utilities shall be prorated to date of possession or the Final Payment Date, whichever is earlier. Seller shall pay the costs of preparation of the Quit Claim Deed and transfer tax for the Quit Claim Deed.
7. The Real Estate is being sold in “AS IS” condition with all faults. Seller does not make any representations or warranties of any kind whatsoever, either express or implied, with respect to the Real Estate or any property that belongs to or is part of the Real Estate.
8. Office is served by city sewage system.
9. Seller reserves the right to reject any and all bids at the sole discretion of the Seller.

To view the property contact: Walt Reichert, Area Leader, 712-363-0758 (C), 712-852-2481 (O)
A copy of the proposed Real Estate Contract and Quit Claim Deed shall be available for inspection upon request.

The terms of this sale shall be subject to announcements that may be made as of the date of sale.

Share Your Thoughts

*