2314 West Mount Pleasant, West Burlington, IA 52655

Property Description

$200,000 is the nominal opening bid price. This property will be offered a timed online auction with bidding ending November 5, 2026. Please reach out for more details about this property and how the bidding process will commence. Income Producing Commercial Property on 3.96± Acres • 50'x120' steel frame dock height building, divided into 26'x50' storage area & 50'x94' warehouse. (16) loading docks w/ 9'x9.5' overhead doors & edge of dock levelers. Building has a concrete ramp & walk-up entrance. The building has been used for cold storage for several years, as the restroom, furnace & central air have not been in use. Currently leased at $1,800/month. • 20'x40' garage, 12'x12' overhead door, currently leased at $300/month. • 24'x48' garage, (3) 10'x10' overhead doors, currently divided into two units, double unit currently leased at $300/month, single unit currently leased at $125/month. • (4) under canopy outdoor parking spots inside the gate, currently leased at $50/month. • (53) outdoor parking spots inside the gate, currently leased at $30/month. • (3) outdoor parking spots outside of the gate, currently leased at $20/month. • 9'x13' shed, used for personal use. • 28'x64' canopy w/ concrete & blacktop parking lot & perimeter fencing w/ (2)Linear powered gates & semi truck electric plugins. • Zoned I-2, General Industrial District. • Property was previously a trucking terminal with above ground compressed natural gas tanks & fueling stations. Phase I Environmental Site Assessment was completed on June 6, 2023, see website for assessment. • 3 phase electric & natural gas are on the property. Water has not been hooked up in over 20 years. • Tax Parcel: 10-27-400-014 • Assessed Value: $449,700.00 • Real Estate Taxes: $11,918.00 Net • Not included: Bear Cave Storage Name & Signage. Seller will remove the Bear Cave Storage signage attached to the canopy prior to final settlement/closing, old canopy sides will remain. All tenant's vehicles, trailers & personal items. This real estate auction will have a 5% buyer's fee.