1321 S Lincoln St
Knoxville, IA 50138

Auctioneer: David Whitaker, ALC, CAI 515-460-8585 Auction Location DETAILS Commercial Land and Building Opportunity | KFC Building on a prime lot. Or build your dream! KFC / Taco Bell (Commercial Building Site) Marion County Property Description 1321 S Lincoln St, Knoxville, IA 50138 Location of Land Located 1000 ft North of Hwy 5 at the Knoxville exit. Location of Auction - Onsite at 1321 S Lincoln St, Knoxville, IA 50138 Legal Description SW SE N205.5' OF S801.5' OF W168' EXCW33' Zoning Commercial Possession Possession will execute at closing Restaurant Year built – 1976 Building Area 1,90 Sq ft Basement – Full Lot Area 27,248 Sq Ft Occupancy - Restaurant Roof Covering Rubber Membrane/ Conc Bathrooms – 2 3 Walk in freezers Parking lot – Concrete Chain link fence Traffic Counts 10,600 VPD on HWY 14 6,300 VPD on HWY 5 Population – 7,204 Near by Business McDonalds Hardees Fareway Grocery Walmart Sonic Knoxville Farm and Home US Cellular Dairy Queen Subway Dollar General Parcel ID 10707-000-00 Total Estimated Tax $6,184 Est - 2018 Terms and Condidtions The Business will be offered as one tract of land. “The land will be offered at auction on December 19th, 2019, 10:00 a.m. onsite; 1321 S Lincoln St, Knoxville, IA 50138. Bidders will bid as a whole dollar amount. There will be a 5% Buyers premium added to the hammer price. “Earnest money in the amount of ten (10%) percent of the contract price shall be due the day of the sale. Earnest money paid the day of the sale will be deposited in the Trust Account of the Seller's Attorney. Certified funds will be required at the time of closing for the remaining balance of the purchase. “The real estate taxes will be pro-rated to the day of closing. "The balance shall be paid in the form of certified funds upon closing, on or before January 20th, 2020. A Warranty Deed will convey the title. Updated abstract(s) will be provided to the buyer at the seller's expense. All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. This sale is subject to all easements, covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. All bids will be on a whole dollar amount basis. Seller reserves the right to reject any and all bids. Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the auctioneer. All decisions of the auctioneer are final. Any announcements the day of sale will take precedence over any preprinted materials.