Johnson - Hancock County Iowa Real Estate Auction

Farm Auction in 1375 Ford Avenue Corwith, IA 50430, Corwith Iowa, United States

21 Friday
February 21st, 2020 1:00 PM
Steffes Group Inc.
Phone: (701) 237-9173

Johnson - Hancock County Iowa Real Estate Auction

Farm Auction in 1375 Ford Avenue Corwith, IA 50430, Corwith Iowa, United States

Friday at - 21st February , 2020


TERMS & CONDITIONS All items sold AS IS WHERE IS. Payment (Cash or Check) must be made sale day before removal of items. Announcements made sale day take precedence over all previous advertising. Titles (if any) will be mailed to buyers within two weeks of auction date. A document fee of $35 applies to all titled vehicles.  

International buyers please check your importing regulations prior to bidding. Real Estate terms and conditions will vary per auction.    



Steffes Auctioneers Inc.

2000 Main Avenue East

West Fargo ND 58078-2210

Phone: (701) 237-9173(701) 237-9173

Toll Free: (800) 726-8609(800) 726-8609

Fax: (701) 237-0976

E-Mail: [email protected]  [email protected]


Scott Steffes ND81 & MN14-51

Bob Steffes ND82 & MN14-09

Brad Olstad ND319 & MN14-70

Clark Sather ND463 & MN54-05      


Scott Steffes, Broker

Rodney Steffes, Licensed Sales Associate

Geri Paul, Licensed Sales Associate

Ashley Huhn, Licensed Sales Associate    


Steffes Auctioneers Inc

24400 MN Highway 22 South

Litchfield, MN 55355

Phone: (320) 693-9371(320) 693-9371  

Fax: (320) 693-9373

Email: [email protected]

[email protected]

[email protected]

[email protected]


Eric Gabrielson, MN47-006, ND890

Ashley Huhn, MN47-002, ND843

Randy Kath, MN47-001, ND894


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Location has been calculated by address and may not be 100% accurate.

Auction Items For Sale

Selling a 9,840 Morton Building on 5 acres M/L and 135,000 bu. grain storage & Cattle Lot on 4.80 Surveyed Acres. For information contact Nate Larson at Steffes Group, 641.423.1947 or 641.530.5528 or Duane Norton at Steffes Group, 641.423.1947 or 515.450.7778.


Located 4 miles east of Corwith on 160th Street, then 2 miles south on Ford Ave to 1375 Ford Avenue, Corwith, IA.


Auction to be held at the Wesley Community Center,

200 Main Street, Wesley, Iowa

Open House on Friday, February 7th from 1-2 P.M.


Selling in Two Tracts!
Tract #1 – 9,840 sq.ft. Morton Building on 5 Acres M/L
Tract #2 – 153,500 bu. Grain Storage & Cattle Lot on 4.80 Surveyed Acres

Auctioneer’s Note:Looking for a House/Shop combination?  Or looking for an opportunity to expand your business or farming operation?  Bid your price on this Morton building and grain elevator with a small feedlot with hoop buildings.


Tract #1 – 9,840 sq.ft. Morton Building on 5 Acres M/L
Built in 2015 is a 72’x120’ Morton building with concrete floors, 24’x16’ overhead door w/opener, 14’x55’ concrete semi dock w/ overhead door and sliding end cap doors.  Attached to this building is a ready to be finished 30’x40’ area that could be finished as an office or possible home, with concrete floors & insulation, along with a 40’x82’ concrete approach.  There is a well on the property and water is run to the building, but has never been turned on.  The property has electric and is situated on 5 acres M/L.

Included: All items present on the day of closing

Not included: Farm machinery


Tract #2 – 153,500 bu. Grain Storage & Cattle Lot on 4.80 Surveyed Acres

125,000 bu. grain elevator (the elevator has not been used for over 30 years)
(3) 9,500 bu.(approx..) grain bins
56’x220’ hoop building with concrete fence line feed bunks
(2) 36’x40’ hoop buildings
16’x35’ concrete silage bunker

10’x34’ truck scale with a 511 sq.ft. office.
Situated on 4.80 surveyed acres.
There is a well on this property. 
There are easements for the adjoining land owner for access of the grain bins & dryer not included with this tract and located south of the elevator.  Copies of the survey available. <Click Here>

Included: (2) Bulk bins,Concrete fence line feed bunks, Attached fencing & gates, All items present on the day of closing.

Not included: (2) 250 gal. LP tanks, Grain in grain bins, Grain bin spreaders, Fuel tanks, Farm machinery, Office equipment.

Terms:10% down payment on February 21, 2020.  Balance due at closing with a projected date of April 6, 2020, upon delivery of merchantable deed and all objections have been met. 

Possession: Projected date of April 6, 2020.

Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Tract #1
Net Taxes            $3,762.00 (Approx.)

Tract #2
Net Taxes               $427.00 (Approx.)


Special Provisions:

  • This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
  • This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
  • Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
  • Tract #2 has been surveyed, copies of the survey available online. The Seller shall not be obligated to furnish a survey on Tract #1.
  • If in the future a site clean-up is required it shall be at the expense of the buyer.
  • The buyers acknowledge that they have carefully and thoroughly inspected the real estate and is familiar with the premises. The buyers are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the condition of the real estate.
  • Steffes Group, Inc. is representing the Seller.
  • Any announcements made the day of sale take precedence over advertising.

Owner: Jacob Johnson

Joseph A. Peiffer – Attorney for Seller

For information contact
Nate Larson at Steffes Group, 641.423.1947 or 641.530.5528
Duane Norton at Steffes Group, 641.423.1947 or 515.450.7778