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Auction

LENDER ORDERED SEALED BID AUCTION: Quad County Corn Processors Ethanol Plant and Multi-Tract Commercial Real Estate Portfolio- Tract 3

Auction Info

Details

Quad County Corn Processors: Downtown 9,454 sq. ft. corporate office building on .35± acres At: 100 East Third Street/300 Crawford Street Galva, Iowa 51020

This is Tract 3 - and is one of 4 tracts that will be sold via lender ordered auction immediately following two judicial sales. Please see the listings for the other properties identified at Tract 1, Tract 2 and Tract 4. Tract 5 is an entirety purchase of Tracts 1-4. All equipment will sell as a package with each tract.

Inspections

Tract 1: Thursday, September 10 9:00am-3:00pm, Thursday, September 24 9:00am-3:00pm

Tract 2: Thursday, September 10 9:00am-3:00pm,  Thursday, September 24 9:00am-3:00pm

Tract 3: Friday, September 11 9:00am-12:00pm, Friday, September 25 9:00am-12:00pm

Tract 4: Friday, September 11 1:00pm-3:00pm, Friday, September 25 1:00pm-3:00pm

Bid Deadline

Sealed bid deadline Tuesday, September 29 at 4:00pm CDT

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Location

Details

The sealed bid auction is an exceptional opportunity for investors, agricultural enterprises, regional companies or government entities to purchase this highly functional facility with excellent visibility and accessibility.  The layout and finishes would be ideal for a regional headquarters, or an expansive co-working/flex space conversion or for a new start up looking to acquire and establish a dynamic, collaborative hub and instantly project corporate maturity, operational stability and industry leadership within the prime Northwest Iowa Ag-Industrial Corridor.  

In today’s modern business landscape, there is a push to bring teams back together and focus on in-person coworking.  The expansive 9,545 sq. ft. facility is uniquely engineered to achieve that goal with its massive, centralized gathering and presentation hall with full kitchen and banquet facilities.  The space is perfect for holding company-wide town hall meetings, shareholder assemblies, regional industry seminars or for hosting clients, VIP guests or civic groups.

Opposite the presentation hall are multiple executive conference rooms outfitted with advanced digital presentation infrastructure and large tables with ample seating for participants.  Adjacent to the meeting rooms are multiple fully equipped offices where your entire workforce can unite and work together collaboratively.

CLICK BELOW TO VIEW THE MATTERPORT 360 VIRTUAL TOUR:

CLICK BELOW TO VIEW THE DRONE VIDEO OF THE PROPERTY:

(Drone Video will be available soon)

AUCTION SUMMARY-

This highly anticipated renewable fuel sealed-bid auction features the complete corporate footprint of Quad County Corn Processors. Galva is in the heart of N.W. Iowa and the nations corn-belt. Whether you are an ethanol producer, regional grain operator/co-op looking to expand logistical capacity or a renewable energy developer eyeing a strategic retrofit to Sustainable Aviation Fuel (SAF), the auction presents an immediate pathway to operational scale, carbon abatement integration and unparalleled control of your feedstock and logistics channels.

This facility made history as the first ethanol plant in Iowa to produce commercial-scale cellulosic ethanol.  The auction includes four high-value commercial/ag properties strategically positioned for ethanol producers, agribusiness operators, commercial developers, and industrial logistics firms in the number one producing ethanol state in the nation.  Iowa accounts for roughly 30 of total U.S. ethanol output.

  • Tract 1: Ethanol Production Facility & Grain Elevator (Galva, IA)
    The flagship asset consists of a fully operational, 35-million-gallon annual capacity 78,029 sq. ft. ethanol plant sitting on 31± acres of enterprise zoning. The facility is anchored by a massive 3.7-million-bushel grain storage facility. This tract sells as an all-inclusive package containing all production machinery, plant equipment, and the company's full inventory of rolling stock.
  • Tract 2: 34.62± Acres Prime Commercial Development/Farmland (Galva, IA)
    Boasting exceptional logistical visibility and access, this 34.62± acre parcel runs directly along U.S. Highway 20, with 5,000 vehicles per day. It represents prime commercial development territory and is currently generating passive holding income while rented out as farmland.
  • Tract 3: Downtown Corporate Office Building (Galva, IA)
    Located in the commercial heart of downtown Galva, this updated 9,454 sq. ft. commercial office building sits on 0.35± acres. This property is being sold turnkey with the majority of office contents, furniture and fixtures.
  • Tract 4: Rail Transload Loading Facility (Cherokee, IA)
    Conveniently located 25 miles northwest of the main plant, this 2-acre dedicated rail loading facility features its own office and garage workshop setup. It does not include the land under the rail lines, just the adjacent 2± acre parcel and the rail loading equipment/pipes/pumps/valves/pipe supports and safety equipment.

 

Bidders will have the opportunity to buy the tracts individually or as a package.

$20,000 earnest money deposit (cashier's check or wire) must be included with each sealed bid offer for each property. A deposit equaling 20% of the purchase price is due within 48 hours of bid acceptance, balance due at closing on or about Friday, October 23, 2026, or such other date as may be mutually agreed upon in writing by the parties. Deposit monies are earnest monies and non-refundable.  Deposits of non-winning bidders will be returned immediately following the auction.

BUYER PREMIUM: Bidder acknowledges that there is a ten percent (5%) Buyer Premium
which will be added to the final bid price to be paid by the highest bidder and will be
incorporated into the total selling price. Bid Price plus a 5% Buyer Premium equals TOTAL
Purchase Price. The highest bidder also will acknowledge that Maas Companies, Inc. is the
Agent for the Seller.

DOWN PAYMENT: Minimum First Non-Refundable Down Payment must be paid by wire
transfer or by certified funds in the amount of $20,000 AND must accompany a
completed/signed Sealed Bid Form. Bidder acknowledges that Sealed Bid Offers without a First
Non-Refundable Down Payment will not be considered. Deposit monies are payable to: Lincoln
Savings Bank.  Bidder also acknowledges that such deposit will be held until a high bidder is
declared by the seller.  Escrow agent will refund such deposit if Bidder is not the high bidder
within forty-eight hours of notification by the Seller. For the high bidder, if the deposit is less
than 20% of the Purchase Price, including Buyer’s Premium, an additional deposit is due
bringing the full deposit to 20% of the total Purchase Price, (Second Non-refundable Down
Payment) and is payable within 48 hours of being declared the high bidder by the Seller and/or
Auctioneer. Bidder agrees that the Deposit(s) will be applied to the purchase price at time of
closing on or before Friday, October 23, 2026, or such date as may be mutually agreed upon in
writing by the parties.

BID CONSIDERATION: All offers are subject to Owner/Lender/Confirmation.
ACCEPTANCE OR REJECTION: All sealed bids are subject to Seller’s acceptance or
rejection.  The Seller will be notified of the Bid Prices immediately following the Bid Deadline.
 The Auctioneer will either notify the Bidder if the auction is complete and a high bidder is
identified, or in the event of a tie, the auction will continue with each tie bidder being given the
chance to raise their initial bid or keep the bid as is. Bidders will be notified of the Seller’s
selling decision in writing via email or telephone. At no time may Bidders revoke their Sealed
Bid Offers.

SIGNING PURCHASE DOCUMENTS: The final Purchase Documents will be emailed to the
Winning Buyer for electronic signature using the email address associated with the buyers’
Sealed Bid Form.  Winning Buyer must sign the Purchase Documents within 24 hours after they
are sent to the Winning Bidder.  If Winning Buyer fails to sign the Purchase Documents within
24 hours, Auction Company may declare Winning Buyer to be in default of these Terms and
their Earnest Money Deposit subject to forfeiture.  The asset purchase agreement (the “Purchase
Agreement”) is included in the Bidders Kit.  There will be no changes made to the purchase
agreement.

BACK UP BIDDER: The back-up bidder's deposit will be returned within three (3) business
days after receiving the total deposit due from the high bidder. In the event money is not received
from the high bidder within the time specified, the back-up bidder shall* become the high bidder
at the Purchase Price stated on their Sealed Bid Form. *If the offer presented by the Buyer is too
low, Seller has the right to present a Counteroffer to Back-Up Bidder that they can Accept/Reject

or Increase their initial sealed bid amount to an amount of their choosing.  The back-up bidder is
obligated to transmit money as stated above within three (3) business days of notification of their
bid being accepted. If the Back Up Bidder fails to close, they are subject to the Cancellation
Terms listed below.

CLOSING: The balance of the purchase price shall be due in full at Closing, which is to be on
or before Friday, October 23, 2026. Funds shall be payable to: Lincoln Savings Bank and must
be sent via wire transfer. Each party shall be responsible for its own attorney’s fees. Attorney,
Laura M. Hyer, with Bradley & Riley PC (319)861-8742 will be coordinating the closing.
TITLE: Seller will provide title to the real estate in the form of a Quitclaim Deed and will
provide title to the equipment in the form of a Bill of Sale and on an AS-IS, WHERE-IS, WITH
ALL FAULTS, NO WARRANTIES OR GUARANTEES EXPRESSED OR IMPLIED basis.
The real estate and personal property will be sold free and clear of any liens and encumbrances.
TAXES: Taxes for 2026, if any, are to be prorated to the date of closing. Seller will be
responsible for taxes and special assessments for the year 2026 up to date of closing if
applicable.

INSPECTIONS: The Bidder acknowledges that the Bidder has inspected the buildings, real
estate and equipment and is purchasing such assets on an AS-IS, WHERE-IS, WITH ALL
FAULTS, NO WARRANTIES OR GUARANTEES EXPRESSED OR IMPLIED basis. The
bidder also acknowledges that there are no express or implied representations or warranties by
Seller as to physical conditions, quality of construction, workmanship or fitness for any
particular purpose. The Bidder further acknowledges that the information and descriptions
contained in this Bidder’s Kit are believed by the Seller and Auction Company to be accurate;
however, such information and descriptions are not guaranteed.

DUE DILIGNECE MATEIRALS: The seller has compiled a Data Room of documents to
assist a buyer in performing their Due Diligence.  This includes Phase 1/Phase 2 Environmental
Reports if available for each tract.  Please request/sign/return a Due Diligence Release from
Auction Company granting access to Due Diligence Materials.

STORAGE TANKS:  Seller acknowledges that the majority of the tanks have been emptied but
not cleaned.  The new buyer will be responsible for cleaning tanks prior to plant restart.
ADDITIONAL TERMS: Once the Bidder’s Sealed Bid Offer is submitted, it is Non-
Revocable. The Sealed Bids are due no later than Tuesday, September 29, at 4:00pm CDT
2026.

Auctioneer will either notify the Bidder if the auction is complete and a high bidder is identified,
or in the event of a tie, the auction will continue with each tie bidder being given the chance to
raise their initial bid or keep the bid as-is. Bidders will be notified of the Seller’s selling decision
in writing via email or telephone. At no time may Bidders revoke their Sealed Bid Offers.
All offers are subject to Owner/Lender/Confirmation.

CANCELLATION; LIQUIDATED DAMAGES: IF WINNING BIDDER BREACHES
THESE TERMS, THE WINNING BID MAY BE REJECTED BY THE AUCTIONEER
AND/OR SELLER AND WINNING BIDDER’S INITIAL BIDDING DEPOSIT WILL BE
RETAINED BY AUCTIONEER (WHETHER OR NOT WINNING BUYER ACTUALLY
MADE SUCH PERFORMANCE DEPOSIT), OR (B) IF NO PERFORMANCE DEPOSIT
WAS SHOWN/DEPOSITED AT THE TIME OF REGISTRATION, A FLAT AMOUNT
OF $20,000 WILL BE DUE FROM WINNING BIDDER.  THE $20,000 IS INTENDED AS
COMPENSATION AND NOT A PENALTY OR FORFEITURE.
THE PROPERTY MAY BE SOLD IMMEDIATELY TO ANOTHER BIDDER OR
PLACED IN ANOTHER AUCTION.  IF THE EVENTUAL SALE PRICE FOR THE
PROPERTY IS MORE THAN $20,000 LESS THAN THE BREACHED BID PRICE,
THEN ORIGINAL WINNING BIDDER IN BREACH WILL BE REQUIRED TO PAY
THE DIFFERENCE TO EQUAL THE ORIGINAL BID. BIDDER IN BREACH SHOULD
ALSO BE ADVISED: SEVERAL STATE STATUTES GIVE THE AUCTION
COMPANY/SELLER THE RIGHT TO PURSUE LEGAL ACTION AGAINST BIDDERS
WHO REFUSE TO COMPLETE THE TRANSACTION.  THIS MAY INCLUDE (BUT IS
NOT LIMITED TO) SUIT TO COMPEL COMPLETION OF THE SALE AND/OR
CRIMINAL CHARGES OR FRAUD OR OTHER INTENTIONAL ACT.
YOU ARE ENTERING INTO A BINDING CONTRACT; THERE ARE NO BID
CANCELLATIONS OR REFUNDS.  THE REGISTERED BIDDER IS PERSONALLY,
LEGALLY AND FINANCIALLY RESPONSBLE FOR ALL AUCTION ITEMS BID
UPON WHETHER REPRESENTING ONESELF OR ACTING AS AN AGENT, A
SUBMITTED SEALED BID IS A LEGAL AND BINDING CONTRACT AND NON-
PERFORMANCE IS GROUNDS FOR CIVIL/CRIMINAL PROSECUTION.
THESE TERMS AND CONDITIONS ARE MADE SUBJECT TO THE TERMS OF THE
PURCHASE AGREEMENT, IN THE EVENT OF A CONFLICT BETWEEN THESE
TERMS AND CONDITIONS AND THE TERMS OF THE PURCHASE AGREEMENT,
THE PURCHASE AGREEMENT SHALL CONTROL.

Broker Participation is welcome but not required. A 1% commission will be paid to the licensed broker who registers the bidder who pays for and settles for the real estate. A broker buying on their behalf, or on behalf of any business entity which they hold an interest or on behalf of a family member or a family member’s business entity, is not entitled to a commission.

Prospective buyers are invited to evaluate individual assets or take advantage of the seamless operational synergies of the entire corporate package. Access to due diligence materials is available with the signing of a Due Diligence Release.  Bidder Kits are available by request.  Bidder Kits have the terms and conditions, tax/parcel information, along with the Sealed Bid forms required to bid.

All Highest and Best Offers can be emailed or sent via traceable courier prior to the deadline on Tuesday, September 29th at 4:00 PM CDT.  Since this is a Sealed Bid Auction, bidders will not have an opportunity to raise their bid.  As a result, we remind bidders to submit their Highest and Best Offers by the bid deadline.

Please sign in or create an account to sign the due diligence release for this project.