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PRODID:-//eluceo/ical//2.0/EN
VERSION:2.0
CALSCALE:GREGORIAN
BEGIN:VEVENT
UID:a634c223-f235-4f3e-98e3-fd84f14bf725
DTSTAMP:20261028T071202Z
SUMMARY:Ackley\, IA Commercial Real Estate (Live Auction with Online Biddin
 g)
DESCRIPTION:These two Ackley\, IA commercial buildings will be offered at a
 uction. These properties offer excellent opportunities for the DIYer to fi
 nish the renovation on these two commercial properties that are ripe with 
 opportunity for positive cash flow. \n\n301 Mitchell\, Ackley is on a 20
 ' x 100' corner lot. The building is classified as a commercial building a
 nd is brick in construction. The building was built in 1890 and is 2\,000 
 square feet on the main level with a second-story and full unfinished base
 ment. The building is heated by forced air and has a rubber roof. The buil
 ding has been updated with all new wiring and PEX plumbing but offers plen
 ty of opportunities for your DIY touches. The main floor was a former rest
 aurant\, now used as an office and sales shop in the front with a workshop
  in the back including 3-phase electrical. \n\nThe upper level has two ap
 artment areas. There is an efficiency apartment area on the south end that
  is close to completion (approximately 75%) with supplemental electric hea
 t. The north end has a 2-bedroom apartment that is approximately 50% compl
 eted. A definite DIY opportunity to turn some sweat equity into cash. \n\
 nThe building has been updated with newer windows and roof and does have a
  portion of the exterior wall that is in need of some repair. An estimate 
 is being obtained for the repair. \n\n712 Main\, Ackley is on a 24' x 1
 00' lot. The building is classified as a commercial/multi-residential buil
 ding. The building was built in 1890 and is 1\,680 square feet with a 468 
 square foot addition that was built in 2015. The primary structure is 2-s
 tories with a full basement and has a tar/gravel roof. The building is cu
 rrently used as storage. The upper level has an apartment remodel that is 
 in progress\, and the basement is unfinished. This property offers an exce
 llent opportunity for sweat equity updates to turn this property into a so
 lid cash flow property. \n\nThe public may preview and inspect the proper
 ty from 10a to 3p on November 11\, from 11a to 2p on November 12\, and co
 ntact Paul McCartan\, call/text (515) 320-7600 with any questions. \n\nMi
 chael A Smith of Craig\, Smith and Cutler LLP is acting as attorney for th
 e seller and will handle all aspects of closing on behalf of Grafe Auction
  Company and Seller.\n\nVisit https://www.grafeauction.com/event/ackley-ia
 -commercial-real-estate for more details about this event.
X-ALT-DESC;FMTTYPE=text/html:<p>These two Ackley\, IA commercial buildings 
 will be offered at auction. These properties offer excellent opportunities
  for the DIYer to finish the renovation on these two commercial properties
  that are ripe with opportunity for positive cash flow. </p>\n\n<p><stron
 g>301 Mitchell\, Ackley </strong>is on a 20' x 100' corner lot. The build
 ing is classified as a commercial building and is brick in construction. T
 he building was built in 1890 and is 2\,000 square feet on the main level 
 with a second-story and full unfinished basement. The building is heated b
 y forced air and has a rubber roof. The building has been updated with all
  new wiring and PEX plumbing but offers plenty of opportunities for your D
 IY touches. The main floor was a former restaurant\, now used as an office
  and sales shop in the front with a workshop in the back including 3-phase
  electrical. </p>\n\n<p>The upper level has two apartment areas. There is
  an efficiency apartment area on the south end that is close to completion
  (approximately 75%) with supplemental electric heat. The north end has a 
 2-bedroom apartment that is approximately 50% completed. A definite DIY op
 portunity to turn some sweat equity into cash. </p>\n\n<p>The building ha
 s been updated with newer windows and roof and does have a portion of the 
 exterior wall that is in need of some repair. An estimate is being obtaine
 d for the repair. </p>\n\n<p><strong>712 Main\, Ackley</strong> is on a
  24' x 100' lot. The building is classified as a commercial/multi-resident
 ial building. The building was built in 1890 and is 1\,680 square feet wit
 h a 468 square foot addition that was built in 2015. The primary structur
 e is 2-stories with a full basement and has a tar/gravel roof. The buildi
 ng is currently used as storage. The upper level has an apartment remodel 
 that is in progress\, and the basement is unfinished. This property offers
  an excellent opportunity for sweat equity updates to turn this property i
 nto a solid cash flow property. </p>\n\n<p>The public may preview and ins
 pect the property from 10a to 3p on November 11\, from 11a to 2p on Novem
 ber 12\, and contact Paul McCartan\, call/text (515) 320-7600 with any que
 stions. </p>\n\n<p><em>Michael A Smith of Craig\, Smith and Cutler LLP is
  acting as attorney for the seller and will handle all aspects of closing 
 on behalf of Grafe Auction Company and Seller.</em></p><p>Visit https://ww
 w.grafeauction.com/event/ackley-ia-commercial-real-estate for more details
  about this event.</p>
URL:https://www.grafeauction.com/event/ackley-ia-commercial-real-estate
DTSTART;VALUE=DATE:20201112
LOCATION:301 Mitchell\, Ackley\, IA 50601
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