Location Information
County
Franklin
State
Iowa
Address
Olive Ave. / Co. Rd. S43 @ 220th St.
Nearest City
Sheffield
Acreage Details: 246.97 (Acres, m/l)
246.97 acres, m/l, located near Chapin, Iowa or 3 miles south of Sheffield, Iowa on the west side of Olive Ave./ Co. Rd. S43 will be offered in two parcels via the Choice and Privilege Method at a Hybrid Auction.
These are high-quality farms north of Chapin located along a hard-surfaced road. See Individual Auction Items for details.
AUCTION TO BE HELD
Thursday, January 16, 2025, at 10:00 a.m.
In-Person & Online
Ridge Stone Golf Club
7 Brickyard Rd.
Sheffield, IA 50475
ONLINE BIDDING: bid.hertz.ag
ONLINE REGISTERED BIDDERS will receive their Bid # and additional property information via e-mail within 48 hours prior to auction.
Method of Sale
This land will be offered by the Choice and Privilege Method with the choice to the high bidder to take one or both parcels. Should the high bidder not select both parcels, the contending bidder will have the privilege to select the remaining parcel at the high bid. Should the contending bidder elect not to purchase the parcel that remains, the remaining parcel will be offered with another round of bidding.
Details
246.97 acres, m/l, located near Chapin, Iowa or 3 miles south of Sheffield, Iowa on the west side of Olive Ave./ Co. Rd. S43 will be offered in two parcels via the Choice and Privilege Method at a Hybrid Auction.
These are high-quality farms north of Chapin located along a hard-surfaced road. See Individual Auction Items for details.
AUCTION TO BE HELD
Thursday, January 16, 2025, at 10:00 a.m.
In-Person & Online
Ridge Stone Golf Club
7 Brickyard Rd.
Sheffield, IA 50475
ONLINE BIDDING: bid.hertz.ag
ONLINE REGISTERED BIDDERS will receive their Bid # and additional property information via e-mail within 48 hours prior to auction.
- Please note a complete and final series of Bidding Instructions that includes sale-specific terms and conditions will be available prior to each auction sale, and will be read by the auctioneer, prior to the start of bidding on the day of the sale.
- ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE TIME OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. All decisions of the Auctioneer are final.
- This auction is open and public. Bids for the sale will be called from the auction site. Bids may come from persons in attendance on-site from where auction is being administered, persons bidding online, or over the phone.
- All bidders must be pre-approved by Hertz Farm Management/Hertz Real Estate Services (Hertz).
- Hertz reserves the right to deny registration of any bidder if there is a question as to the person’s credentials, intent, or fitness for bidding.
- Hertz represents the Seller(s) in this transaction.
- Bidding is not contingent upon financing, nor is it contingent upon any Buyer or Lender inspection.
- Minimum bid increments are at the discretion of the auctioneer throughout the auction.
- The successful bidder will be required to execute a Sales Agreement at the conclusion of the auction and submit the appropriate down payment in a timely manner as instructed by the Auctioneer.
- The subject property is being offered under the sale-specific terms. Preliminary terms are provided in the printed and electronic versions of the auction brochure. Final terms will be provided prior to the beginning of bidding on the day of sale and will be included in the Real Estate Sales Agreement.
- The information in the auction brochure was obtained from sources deemed reliable, but Hertz, its licensees, and its employees make no guarantees as to its accuracy.
- Prospective bidders are urged to fully inspect the property prior to the auction and to rely on their own conclusions; doing so is the complete responsibility of each prospective bidder. Bidding is based solely upon bidder inspection and due diligence.
- All real estate and any improvements are being offered and sold on an “As-Is, Where-Is, With ALL Faults” basis, without any warranties or representations, express or implied, as to the fitness for a particular use, access, water quality or quantity, physical or environmental condition. Neither the Seller(s) nor the Auction Company are warranting any specific zoning classification, location of utilities, assurance of building permits, driveway permits, or water or septic permits.
- Any and all acreage figures, diagrams, and/or dimensions included in the marketing materials are based on information currently available but are not guaranteed. All drawn property boundaries in the marketing materials are approximate. Any soil productivity rating reference that is included in the marketing materials is based on the information currently available in the USDA/NRCS soil survey database, and these numbers are subject to change upon periodic update by USDA/NRCS.
Terms
- Please note a complete and final series of Bidding Instructions that includes sale-specific terms and conditions will be available prior to each auction sale, and will be read by the auctioneer, prior to the start of bidding on the day of the sale.
- ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE TIME OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. All decisions of the Auctioneer are final.
- This auction is open and public. Bids for the sale will be called from the auction site. Bids may come from persons in attendance on-site from where auction is being administered, persons bidding online, or over the phone.
- All bidders must be pre-approved by Hertz Farm Management/Hertz Real Estate Services (Hertz).
- Hertz reserves the right to deny registration of any bidder if there is a question as to the person’s credentials, intent, or fitness for bidding.
- Hertz represents the Seller(s) in this transaction.
- Bidding is not contingent upon financing, nor is it contingent upon any Buyer or Lender inspection.
- Minimum bid increments are at the discretion of the auctioneer throughout the auction.
- The successful bidder will be required to execute a Sales Agreement at the conclusion of the auction and submit the appropriate down payment in a timely manner as instructed by the Auctioneer.
- The subject property is being offered under the sale-specific terms. Preliminary terms are provided in the printed and electronic versions of the auction brochure. Final terms will be provided prior to the beginning of bidding on the day of sale and will be included in the Real Estate Sales Agreement.
- The information in the auction brochure was obtained from sources deemed reliable, but Hertz, its licensees, and its employees make no guarantees as to its accuracy.
- Prospective bidders are urged to fully inspect the property prior to the auction and to rely on their own conclusions; doing so is the complete responsibility of each prospective bidder. Bidding is based solely upon bidder inspection and due diligence.
- All real estate and any improvements are being offered and sold on an “As-Is, Where-Is, With ALL Faults” basis, without any warranties or representations, express or implied, as to the fitness for a particular use, access, water quality or quantity, physical or environmental condition. Neither the Seller(s) nor the Auction Company are warranting any specific zoning classification, location of utilities, assurance of building permits, driveway permits, or water or septic permits.
- Any and all acreage figures, diagrams, and/or dimensions included in the marketing materials are based on information currently available but are not guaranteed. All drawn property boundaries in the marketing materials are approximate. Any soil productivity rating reference that is included in the marketing materials is based on the information currently available in the USDA/NRCS soil survey database, and these numbers are subject to change upon periodic update by USDA/NRCS.
