125 Railway, Gillett Grove, IA - Whitaker Marketing Group - Auctions & Real Estate
125 Railway, Gillett Grove, IA
David & Ann  Whitaker - Real Estate Agents
David & Ann Whitaker - Real Estate Agents
125 Railway, Gillett Grove, IA
DATE ENDING7/10/2023 10:02:21 PM
Bid Count:10
Winning Bidder:a****e
Starting Bid:$5,000.00
Bid Increment:$1,000.00
Current Bid$9,000.00
Bidding complete

A 10% Buyer's Premium will be added to the final Sales Price. All applicable taxes will be assessed based on the sum of the sales price and buyer's premium.


Gillett Grove House and Shop For Sale
Clay County
July 10th, 2023 at 5:00 pm
Open House: Sunday June 25th 1-3 PM

Whitaker Marketing Group Presents these properties located at:
506 3rd St Gillett Grove, IA 51341  &  125 Railway St Gillett Grove, IA 51341

These property needs some TLC but Show great potential. 

See each individual lot for more details.

Condition: Property is offered on an "AS - IS" basis. 

* This is a soft close auction- bids received within 5 minutes of close will extend bidding time



Welcome to 125 Railway, Gillett Grove, IA! This commercial building presents a unique opportunity for entrepreneurs and businesses looking for a versatile space in a prime location. With its A-1 Agricultural zoning, this property offers a range of possibilities for various commercial ventures.

Situated on a regular lot measuring approximately 291.78 feet by 50.00 feet, this property spans over 0.34 acres (14,589 square feet). The lot provides ample space for parking, expansion, or any other modifications you may require.

The centerpiece of this property is Building , a one-story warehouse built in 1940. While the building requires some attention, its 828 square feet of space offers great potential for storage purposes.

This building allows you the opportunity to renovate and customize the space to meet your specific needs. The adjustments required include the installation of heat in the 828 square feet area.

The building is equipped with one manual overhead door measuring 9 feet wide and 8 feet high. Its presence ensures ease of operation for loading and unloading goods or equipment.

Located at 125 Railway, this commercial building benefits from its strategic position, offering easy accessibility and high visibility. Whether you're looking to establish a storage facility, expand your business operations, or convert the space into a unique commercial venture, this property provides the ideal canvas to fulfill your aspirations.

Don't miss out on this opportunity to acquire a commercial building in Gillett Grove, IA. Contact us today to schedule a viewing and explore the potential this property holds for your business.

Zoning -                 A-1 Ag
Lot Dimensions-    291.78 x 50
Lot Area-               .34 Acers: 14,589 SF
Building-               Warehouse (Storage), 1 Story, Built 1940, 828 SF




Auction Sales Method: The real estate will be offered as 2 seperate tract(s) of real estate.

Survey: At the buyer's option and expense, they can have the property surveyed if desired. The final contract price will not be adjusted to reflect any difference between the advertised and actual surveyed acres.

Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). 

Taxes: The real estate taxes will be pro-rated to the day of closing. 

Contract and Title: Immediately upon the conclusion of the bidding, the high bidder(s) will enter into a real estate contract and the earnest money will be deposited in the Real Estate Trust Account of the seller's attorney. The Seller will provide a current abstract of title at their expense. The seller reserves the right to reject any and all bids.

Earnest Payment: Earnest money in the amount of ten (10%) percent of the contract price shall be due with the acceptance of the offer. The payment may be in the form ofcashier’s check, personal check, company check, or wired funds.  Earnest money will be deposited in the Real Estate Trust Account of the seller's attorney.


Closing: The sale closing is on August, 24th, 2023, or such other date agreed to by both parties. Certified funds will be required at the time of closing for the remaining balance of the purchase. The balance shall be paid in the form of certified funds upon closing. 

Possession will be granted at closing, or such other date agreed to by both parties, subject to the current commercial lease. 


Agency: Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. 

All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. This sale is subject to all easements, covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. All bids will be on a whole dollar amount basis. Seller reserves the right to reject any and all bids. Any announcements made auction day by the auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the auctioneer. All decisions of the auctioneer are final.


Buyers Premium: 10% Buyer's Premium - There will be an additional 10% fee added to the hammer price paid by the buyer.

What is My Farm Worth? Get a free valuation here:

506 3rd St
Gillett, Iowa 51341
United States
David & Ann  Whitaker - Real Estate Agents
David & Ann Whitaker - Real Estate Agents