OverviewThis property is sold
SOLD! $1,775,000. Closed on June 6, 2018.
Online Auction is Rescheduled; Bidding will begin on April, 3, 2018.
1,500,000+ BU STORAGE
Concrete Silo, Steel Bin, & Flat Storage
OVERVIEW: The Farmers Grain Co. of Julesburg, CO, locally known as the “Kontny Elevator”, is one of several remaining privately owned grain elevators within 150 miles of Julesburg, CO. This family-owned business was purchased in 1943 from the Julesburg Cooperative Grain Company and has continuously served producers within northeast Colorado, southwest Nebraska, and the panhandle of Nebraska buying and selling their corn and wheat. Jim Kontny announcing his retirement and subsequent sale of Farmers Grain Co. provides a unique opportunity for existing grain companies in the area to expand, new grain companies to the area to expand a footprint in this area, or grain producers within this area to purchase a grain facility to merchandise their commodities.
Farmers Grain Co. consists of a grain storage and distribution facility on a 5.675-acre site, located in the Town of Julesburg, Colorado in the northeast corner of Colorado. The majority of the facilities are located along 1st Street between Oak and Ash Streets, with Butler flat storage located northeast of Ash Street along 2nd Street. The improvements consist of a grain elevator facility with licensed storage capacity of 1,838,000 bushels, but effective usable storage of 1,500,000+ bu storage. The storage consists of two concrete elevator complexes with a total of 52 concrete bins. Elevator A includes 90-foot elevators with headhouse built in 1947, and annex built in 1953. Elevator B includes 102-foot elevators with headhouse built in 1976. Toward the northwest part of the site along 2nd Street are three large metal grain bins with a capacity of 600,300 bushels. Two were built in 1978 and one was added in 2000. These three facilities have two unloading pits each with 10,000 bph legs.
A 28,800 square feet Butler building is located on the northeast part of the site with flat storage capacity of 332,000 bushels.
Situated within the cement silos and metal grain bins are five metal quonset buildings. They are licensed for 317,000 bushels of storage but four of the five quonsets are currently not suitable to store grain and used to store personal property. One quonset currently stores 36,000+/- bushels.
The office and scales are situated on the corner of Oak Street and E 1st Street (Hwy #138/#385). Office includes offices, scale room with moisture & protein testers, and receipt of grain samples from robotic grain probes. Scales include 45’ – 50 ton scale and 70’ – 60 ton scale.
There is no rail access but there is the main UP rail line across the highway to the southeast. Personal property is included and a list of personal property will be provided within the detail brochure.
Location: Farmers Grain Co. is located along the north side of East 1st Street (aka US Highway 138 and US Highway 385) and south side of East 2nd Sreet, between Oak Street on the west and Birch Street on the east, in the Town of Julesburg, Sedgwick County, Colorado
Street Address: 102 Oak Street, Julesburg, CO 80737
Lot Size: 5.675 acres
Legal Description: Julesburg Union Pacific 1st S2 Block 38; Julesburg Union Pacific 1st Block 38 Lots 1-5 in N2; Julesburg Union Pacific 1st Block 37 S2; Exc Lots 7, 8 & 9 S RR Span 9240 Sq Ft to Chevron Oil; Julesburg Union Pacific 1st N2 Block 37; Julesburg Vernon First Addition
Property Taxes: 2017 real estate taxes payable in 2018: $24,841.88
GRAIN STORAGE DESCRIPTION
The following Quonsets are used for personal property storage, the buildings are currently not suited to store grain.
Other Support Improvements: Type – Built – Size
Main Office Building
1917-2005 895 square feet
Block Equipment Storage Bldg.
1943 1,600 square feet
Wood Equipment Storage Bldg.
1959 720 square feet
Metal Control-Mechanical Bldg.
1986 400 square feet
Vacant Block Retail Building
1960 2,720 square feet
2 Metal Grain Dryers
1954-1967 500 bushels/hour capacity
1944-2005 50 ton; 45’ length
1986 60-ton; 70’ length
MEASUREMENTS: All stated acreage, square footage, and bushel storage in the initial brochure, detail brochure, and visual presentations are approximate and are obtained from county records and/or property appraisal. The county tax records and/or property appraisal may indicate different acreage, square footage, and/or bushel storage and no warranty is expressed or implied as to exact acreage, square footage, and/or bushel storage of property. All bids are for the total parcel without regard to exact acreage, square footage, and bushel storage. There will be no adjustment in purchase price if acreage, square footage, and bushel storage is different than what is stated in this brochure and/or stated at the auction.
ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. Property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transaction Broker. Reck Agri Realty & Auction does not offer broker participation for the “FARMERS GRAIN CO. RETIREMENT AUCTION”. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker.
SALE TERMS/PROCEDURE: The “FARMERS GRAIN CO. RETIREMENT AUCTION” with RESERVE is an online only auction with RESERVE. The Farmers Grain Co. Retirement Auction property to be offered as 1 parcel. Competitive bids will determine the outcome of the auction. Seller reserves the right to accept or reject any and all bids. Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price not price per acre.
ONLINE BIDDING PROCEDURE: The “Farmers Grain Co. Retirement Auction” Property will be offered for sale as 1 parcel. BIDDING WILL BE ONLINE ONLY. Bidding will begin @ 8:00 am MT on APRIL 3, 2018. The auction will “soft close” @ 12:00 noon, MT on APRIL 5, 2018. Bidding will continue in 10 minute increments until 10 minutes have passed with no new bids. Bidding remains open as long as there is continued bidding on the parcel. Bidding will close when 10 minutes have passed with no new bids on the parcel.
To bid at the online auction:
1. Download RECK AGRI MOBILE APP through the Apple App Store or Google Play OR visit www.reckagri.com and click on the Farmers Grain Co. Retirement Auction property page to register to bid.
2. Your registration must be approved by Reck Agri Realty & Auction before you may bid. See Bidder Requirements below.
3. If you have questions regarding the bidding process and/or registration, call Reck Agri Realty & Auction at 970-522-7770.
BIDDER REQUIREMENTS: Requirements for Buyer(s) to be approved to bid online: 1.) Review and agree to the terms and conditions of the detail brochure; 2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the property and/or bank loan approval letter with no contingencies; and 3.) Sign and return to Reck Agri Realty & Auction the Bidder Approval Request form. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. Detail Brochure may be obtained by visiting Farmers Grain Co. Retirement Auction property page at www.reckagri.com or by calling Reck Agri Realty & Auction.
SIGNING OF PURCHASE CONTRACT: Immediately following the closing of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Contract to Buy and Sell Real Estate for the amount of the bid. Required earnest money deposit to be in the form of a personal, business, or corporate check for 15% of the purchase price which is due upon the signing of the contract and to be deposited with Reck Agri Realty & Auction. Purchase contract will not be contingent upon financing. Terms and conditions of the detail brochure and announcements shall be incorporated and made a part of the contract. Sample contract is available within the detail brochure.
CLOSING: Buyer(s) shall pay in electronic transfer funds or cashier’s check (Good Funds), the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before April 27, 2018. Closing to be conducted by Sedgwick County Title and the closing service fee to be split 50-50 between Seller and Buyer(s).
TITLE: Seller to pass title by Warranty Deed free and clear of all liens. Title Insurance to be used as evidence of marketable title and cost of the premium to be split 50-50 between Seller and Buyer(s). The Buyer(s) to receive a TBD title commitment within Detail Brochure, updated title commitment with Buyer(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner’s title insurance policy in an amount equal to the Purchase Price after closing. Property to be sold subject to existing roads and highways; established easements and rights-of-way; prior mineral reservations as shown within these Terms and Conditions; and other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record. Title commitments are available for review within the Detail Brochure and at the auction and title commitment and exceptions will be incorporated and made a part of the Contract to Buy and Sell Real Estate.
POSSESSION: Possession upon closing, subject to stored grain for customers, and reservations by Seller.
PROPERTY CONDITION: The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller.
REAL ESTATE TAXES: 2018 real estate taxes due in 2019, to be prorated to day of closing.
LEGAL DESCRIPTION: Legal descriptions are subject to existing property boundaries or land-use trades, if any.
MINERALS: Seller to convey all OWNED mineral rights to Buyer(s).
ONLINE ONLY LAND AUCTION
FARMERS GRAIN CO. RETIREMENT AUCTION
Bidding begins: APRIL 3, 2018 @ 8:00 am MT
Bidding closes: APRIL 5, 2018 @ 12:00 noon, MT
Bid Closing Meeting will take place at Reck Agri Auction Center on APRIL 5, 2018, 10:00 a.m. – Noon
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- Sedgwick County, CO
- FARMERS GRAIN CO. RETIREMENT AUCTION
- SOLD! $1,775,000. Closed on June 6, 2018.
- 102 Oak Street, Julesburg, Colorado
- Online Auction is Rescheduled; Bidding will begin on April, 3, 2018.
- Office w/50 ton & 60 ton truck scales
- Add’l five Quonsets used for misc storage
- For upright storage – 10,000 bph unloading capacity
- Majority of facility is gravity fed to load trucks
- Adjacent to Hwy #385/#138, 2.2 mi to I – 76
- Address: 102 Oak St., Julesburg, CO
- Personal property included
- One of the several remaining privately owned grain elevators within 100 to 150 mi radius of Julesburg, CO
- Strategically located within Northeast CO, Southwest NE, & Panhandle of NE
- BIDDING WILL BE ONLINE ONLY
- Bidding will begin @ 8:00 am MT on April 3, 2018
- The auction will “soft close” @ 12:00 noon, MT on April 5, 2018
- Bid Closing Meeting will take place at Reck Agri Auction Center on APRIL 5, 2018, 10:00 a.m. - Noon