Former Aarokotah's Restaurant Auction
Commercial Auction
Friday, May 18, 2018
5:30 p.m.
Restaurant business building with excellent Main Street location.

A commercial business opportunity with an excellent location

@

Public Auction

on

Friday evening, May 18, 2018

5:30 p.m.

 

Located:  The Former Aarokotah's Restaurant, 317 Main Street, Mapleton, IA

Legal Description (abbr.): Lot 7 in Block 2, City of Mapleton, Monona County, IA 

General Information: The business building contains approximately 1,638 sq. ft. and is zoned Central Business Commercial. It has a highly unique excellent antiqued ceiling that has been restored, and the building will facilitate many uses. The main area is 40’ x 24’, there are 2 restrooms, a kitchen area, rear entry as well as Main Street exposure, and it has an excellent location. The current annual taxes are $794.00.

Terms & Conditions of Real Property Sale:

The successful bidders shall be required to pay 10% of the total purchase price on the day of the sale and shall sign a Real Estate Contract that states the entire balance shall be due and payable in approximately 30 days when the Seller has furnished an abstract showing merchantable title and gives a Warranty Deed. All real estate taxes will be prorated to the date of closing when full possession will be given. Midwestern Land & Auction, Inc., and all representatives represent the seller throughout the sale process. Any decisions or announcements made by the auctioneers on the day of sale will be final and will supersede previously given information. To inspect this property or if you have questions, please contact the auctioneers.

Personal Property:     No personal property will be offered at this sale.