Virtual Online Auction
Sale Date: Thursday, June 1, 2023
Sale Time: 10:00 AM CST
Seller: Colfax Livestock Sales LTD & The Shawn Cogley Estate
12 Acres± located at 335 N. Walnut Street, Colfax, IA 50054
SOLD!
$660,000.00
LOCATION & PROPERTY INFORMATION
Mark your calendars now to participate in this unprecedented Central Iowa Real Estate Auction. Due to the untimely passing of Mr. Shawn Cogley, the Cogley family has decided to sell the Colfax Livestock facility.
This facility offers several modern features including a livestock ring scale, large sales arena, office area and full service dining area.
The livestock holding area has ample space to control 2,500-3,000 head of cattle or other livestock and the business sold nearly 30,000 head of livestock in 2022.
The facility also has an additional income stream for housing rest cattle traveling from all areas of the United States due to its ideal location on heavily traveled Interstate 80.
The property encompasses approximately 12 acres with a large graveled parking area and a potential of a small pasture area in the western portion.
This property will be offered as a turn key business with all components in place including fully furnished kitchen and office area.
If you have ever had the desire to own an ongoing profitable livestock auction that is conveniently located in a progressive rural community, we urge you to take a look at this unprecedented business opportunity!
Please Note: Colfax Livestock has several auctions scheduled including a horse sale for Sunday, April 30th and there are regular sales scheduled every Saturday through May 20, 2023. Please feel free to attend any of these events or call the auction company with any questions you may have.
Auction Managers:
John Probasco (641) 856-7355
Jim Huff (319) 931-9292
Representing Attorney:
Rick L. Lynch
Lynch Law Office
207 S. Washington Street
Bloomfield, IA 52537
(641) 664-3188
AERIAL VIDEO
METHOD
The Colfax Livestock Sales LTD facility will be sold for a lump sum total dollar amount. Bidding is NOT contingent upon financing, an appraisal or inspection.
TERMS
Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before Monday, July 3, 2023 upon delivery of a merchantable abstract and deed.
At the conclusion of the auction, the successful bidder(s) shall enter into a written agreement with the seller. Signing of said agreement will be executed via email or DocuSign. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing.
The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its “as is” condition and there are no expressed or implied warranties pertaining to the real estate. All announcements sale day shall take precedence over any prior advertising either written or oral.
