2nd Street, Victor, IA 52347 - Iowa County

Peoples Company is pleased to offer an excellent commercial real estate opportunity in Victor, Iowa, featuring three distinct tracts with versatile potential. Located in a prime area with convenient access to Interstate 80, these properties provide a range of investment possibilities, from industrial and warehouse space to retail and office opportunities. Tract 1 boasts a well-equipped industrial facility with multiple buildings and ample storage with proximity to Interstate 80, while Tract 2 offers a centrally located commercial building ideal for retail or office use. Tract 3 features a spacious, heated 4,900-square-foot building on a highly visible corner lot, perfect for a variety of business ventures. Whether you're looking to expand an existing operation or establish a new presence in a thriving community, these properties present a unique chance to invest in prime commercial real estate.

The properties are being sold via ONLINE ONLY auction with NO RESERVE. The bidding is currently LIVE and will remain open until Friday, April 18th, 2025, at 5:00 PM (CST). The three tracts may be inspected during open houses or by appointment: Open House dates are Saturday, March 22nd & Saturday, April 5th from 12:00 P.M. to 2:00 P.M.

A three percent (3%) Buyer's Premium will be added to the final bid price and included in the total purchase price.

Don't miss this exceptional opportunity to invest in prime commercial real estate in Victor, Iowa. Whether you're looking for industrial space, retail frontage, or a versatile business location, these tracts offer flexibility and strategic positioning to meet your needs. With easy access to Interstate 80, ample space, and high-visibility locations, these properties are well-suited for a variety of commercial ventures. Take advantage of this rare chance to secure valuable real estate in a growing community.

Details

Distance From Victor, IA:

Iowa City, IA - 40 miles

Cedar Rapids, IA - 56 Miles

Cedar Rapids Airport - 40 Miles

Williamsburg, IA - 20 Miles

Des Moines, IA - 75 Miles

Des Moines Airport - 87 MIles

Auction Details & Terms

Absolute, No Reserve, Online Only - Commercial & Industrial Property Auction

Bidding is Live!

Bidding Ends: April 18th, 2025 at 5:00 PM CST

Tract 1: 2107 B Ave Victor, IA 52347

Tract 2: 603 2nd Street Victor, IA 52347

Tract 3: 905 2nd Street Victor, IA 52347

Open Houses: Will be Saturday, March 22nd at 12:00 PM-2:00 PM & Saturday, April 5th at 12:00 PM -2:00 PM

Bidding Terms: A bid placed within 5 minutes of the scheduled close of the auction will extend bidding by 5 minutes until all the bidding is completed. If you plan to bid, please register 24 hours prior to close of auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.

Buyer's Premium: Buyer will be responsible for payment of a premium of 3% of the purchase price, payable at closing.

Co-Broker: Co-Broker must register client 24 hours prior to the Auction date by filling out our Broker Registration Form.

Earnest Money Payment: A 10% earnest money payment is required upon conclusion of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Company's Trust Account.

Closing: Closing will occur on or about Friday, May 23rd, 2025. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession of the property will be given at Closing.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a total price and not on a per acre basis. Seller reserves the right to accept or reject any and all bids. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.

Disclaimer: All property boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall property characteristics may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will