Auction Information

65.25 Acres m/l, Wapello, Co., Ottumwa, IA

Sealed Bid Land Auction- Bids due by Nov, 20th at 5:00 PM CST, Ottumwa, IA

11/20/2025, 05:00 PM

Online Bidding Site

Sealed Bid Land Auction, 65.25 m/l Acres, Wapello, Co, Ottumwa, IA

Peoples Company two tracts of land located within the city limits of Ottumwa, Iowa, to be sold at public auction via Sealed Bid Auction. Bids due by Thursday, November 20th, 2025.

These tracts offer a diverse range of opportunities. Zoned R1-60 (Single-Family Low-Density District), they carry strong potential for future residential development. In addition, the properties are located adjacent to a substation with transmission lines running parallel, creating possible opportunities for future solar energy use.

Together, the tracts feature 57.6 cropland acres carrying a CSR2 rating of 62, making them well-suited for continued use as productive row crop farmland.

Dont miss your chance to acquire a diversified property on the edge of Ottumwa, Iowa, with both agricultural and long-term development potential.

This auction is being conducted as a Sealed Bid Auction: Sealed Bids, in writt...

This auction is being conducted as a Sealed Bid Auction: Sealed Bids, in written or electronic format, for the Property will be due no later than 5:00 P.M. CST, on Thursday, November 20th, 2025.

Auction Details & Terms

Sealed Bid Submittal Process & Deadline: Sealed Bids, in written or electronic format, for the Property will be due no later than 5:00 P.M. CST, on Thursday, November 20th, 2025, to the following:

Riley Sieren

Peoples Company

219 Westwood Cir

Kalona, Iowa 52247

Call Agent for email address

Sealed Bids for the Property shall be submitted on the Sealed Bid Submittal Form that can be obtained by contacting Listing Agent Riley Sieren by phone at (319) 591.0111 or by email (Call Agent for email address). Handwritten bids, if legible, may be acceptable in the Seller and Brokers sole discretion. Please complete each blank field provided in the Sealed Bid Submittal Form. Bids can be submitted via mail or email, but must be received by the deadline date to be considered.

Upon the receipt of all submitted bids, the Seller may accept or reject any bid or offer or enter into negotiations with one or more Bidders. Upon the Sellers acceptance of any bid or offer, the winning Bidder(s) and Seller shall enter into a binding Purchase Agreement to Buy. The Seller shall not be obligated or bound to sell the Property until Seller has entered into a fully executed Purchase Agreement.

Agency: Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge that they are representing themselves in completing the sales transactions.

Farm Program Information: Farm Program Information is provided by the Wapello County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc., are subject to change when the farm is reconstituted by the Wapello County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required at the time of signing the Purchase Agreement. The earnest money payment may be paid in the form of or check or wire transfer. All funds will be held in the Peoples Company Trust Account.

Closing: Closing will occur on or before Tuesday, December 30th, 2025. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

Possession: Possession of the farm will be given At Closing, Subject to Tenant's Rights.

Farm Lease: The farm lease has been terminated and will be open for the 2026 cropping season.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. Peoples Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc., may vary from figures stated within the marketing material. The buyer should perform his/her investigation of the property before bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the Abstract.

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Directions

From IA Highway 34, turn south at the roundabout onto Highway 63. Travel for approximately a half mile. Turn west onto East Mary Street and travel for approximately 1.5 miles. Turn south onto South Webster Street and travel for a half mile. The tracts will be located on the west side of the street. Look for signs.