Sealed Bid Auction - Peoples Company is pleased to offer the Shellsburg, Iowa Grain Elevator to the public via a sealed bid auction. This property offers over 700,000 bushels of storage capacity through multiple bins, silos, flat buildings and the wooden elevator. Bids will be due on Wednesday, July 24th at 5:00 P.M. CST. The C-1 Commercial zoned property in the heart of the City of Shellsburg allows for commercial grain storage or personal grain storage as well as offering multiple outbuildings that could be storage, shop or office space. The 3.69 acres m/l with frontage along SW Commercial Street, SW Grand Avenue, SW Canton Street, and the Iowa Northern Railway is also well suited for redevelopment. Surrounding properties range from commercial businesses and self-storage to residential properties and Wildcat Golf Course to the west. The property is being offered in its entirety, as four individual parcels, or as any combination thereof. Contact Agent for more details. The Northwest Parcel is 1.35 acres m/l and consists of a large wooden grain elevator, four concrete silos, two metal bins, two unload pits, two grain legs, a horizontal conveyor, an electrical shed, a grain dryer, a 12 ft x 70 ft scale, and the main office building. Storage on the elevator is estimated at 100,000 bushels, the two larger concrete silos are approximately 112,000 bushels each, the smaller concrete silos hold approximately 61,000 bushels each, and the steel bins store approximately 84,000 bushels each. The west grain pit and shed, west grain leg, electrical service and shed, and the conveyor system above the concrete silos was new in 2022. The conveyor system from the silos to the elevator was rebuilt internally at that time. The wooden elevator was built in 1965 and features a covered drive-through pit, thirteen individual bins that hold approximately 7,000 bushels each and three smaller internal bins that hold approximately 2,500 bushels each. The original 680 square foot office was built in 1939 and 600 square foot was added in 1968. The office features a basement, an upstairs conference room, two bathrooms, offices, and has been remodeled as needed over the years. A new drive-through pit enclosed by a 17 ft x 40 ft building was built in 2022 and attached to an all-new grain leg. A new electrical service was also brought in at this time and enclosed in a 15 ft x 22 ft building. This parcel has road frontage along SW Commercial Street, SW Canton Street, SW Grand Avenue and has approximately 520 ft of Iowa Northern Railway frontage. The Northeast Parcel is 0.49 acres m/l and consists of two large storage buildings. The west building, built in 1966, is a 2688 sq ft grain and fertilizer storage building with a 1748 sq ft warehouse building attached. The east building is a 4784 sq ft warehouse building built in 1952. This parcel is located northeast corner of the intersection of SW Commercial Street and SW Grand Avenue and has approximately 205 ft of Iowa Northern Railway frontage. The Southwest Parcel is 1.12 acres m/l and consists of three buildings including a quonset and metal building that have both been used for flat storage and the facility's main shop. The quonset building is 40 ft x 120 ft and was built in 1956. The metal grain storage building is 50 ft x 82 ft and was built in 1957. The shop is a 54 ft by 36 ft pole-type building built in 1956. The shop has four overhead doors facing Commercial Street and has a second floor for storage. There is a large open lot area on this parcel where elevator equipment and semis have typically parked creating an excellent opportunity for future building sites or outdoor storage possibilities. This parcel is located at the southwest corner of the intersection of SW Commercial Street and SW Grand Avenue. The Southeast Parcel is 0.63 acres m/l and consists of two buildings, a post-frame warehouse building, and a metal flat grain storage building. The metal grain storage building is 40 ft x 122 ft and was built in 1958. The post-frame warehouse building is 52 ft x 98 ft and was built in 1977. This parcel is located at the southeast corner of the intersection of SW Commercial Street and SW Grand Avenue. Open Houses: Wednesday, June 26th from 11:00 AM to 1:00 PM CST Sunday, July 14th from 11:00 AM to 1:00 PM CST Do not miss the opportunity to own this commercial grain facility with limitless potential for storage and business development of all types. The Seller will entertain offers on equipment along with the Real Estate allowing for the opportunity to own a turn-key business.