Commercial Land for Auction in Nodaway, Iowa

Sealed Bid Auction – Peoples Company is pleased to offer Nodaway Elevator, Inc. to the public through a sealed bid auction. This established commercial grain facility is currently licensed to store 786,000 bushels of grain and includes a combination of grain bins, flat storage buildings, and the original wooden elevator. Sealed bids are due Friday, November 20th at 5:00 P.M. CST.

Open Houses:

Wednesday, October 28th from 11:00 AM to 1:00 PM CST

Sunday, November 8th from 11:00 AM to 1:00 PM CST

In addition to substantial grain storage capacity, the property includes a large service shop, office space, and a modern scale for receiving grain. The offering also includes just over 4 acres of high-quality tillable farmland located along adjoining pavement, providing additional space for future expansion or continued row crop production. The property will be offered in its entirety.

Nodaway Elevator has been family-owned and operated since 1957, with deep roots in Adams County and Southwest Iowa. Throughout its history, the family has continued to maintain, improve, and expand the facility as needed. The most recent major expansion was completed in 2017 and included an approximately 220,000-bushel grain bin, grain leg, and new drive-over pit. Additional information outlining the capacity of the remaining grain storage is available in the property attachments.

Located in a strong agricultural area with significant row crop production, the facility is well positioned for continued agricultural or commercial use. Its location provides convenient access to county pavement, state highways, and regional interstate routes.

The main shop features multiple service bays capable of accommodating semis and trailers for service and repairs. Improvements include a concrete floor with drains, overhead doors, and heat. A second, smaller shop provides additional workspace for cars, trucks, equipment, or general maintenance. The office includes city water and sewer, two restrooms, a reception area, and indoor storage space.

The auction includes four owned parcels, along with the portion of the facility situated on land leased from BNSF Railway Company. A copy of the current railway lease is available upon request from the listing agent. Contact the listing agents for additional information regarding the lease and property.

Don’t miss this unique opportunity to own a commercial grain facility offering exceptional potential for grain storage, agricultural operations, or future business development. The Seller will also entertain offers on equipment in conjunction with the real estate, providing buyers the opportunity to acquire a turnkey operation ready for immediate use.