Cannabis & Hemp Insurance
Price : $1
Status : ACTIVE
Size : 166699
Lot Size (Acres) : 21.31
Cap Rate : 50263
APN : 088426204282002
City Tax Rate : Boone, Iowa
Year Built : 1985-2003
Utilities : Water, Electricity, Gas, Trash
Sale Type : Cash
Company Name : Peoples Company
Phone : 515.423-9235

Peoples Company is pleased to be representing the sale and Online Only Auction of the E Krieger Land LLC commercial greenhouse complex located in the northwest corner of Boone, Iowa. This proud, small Iowa town was recently Voted #1 Affordable Small Towns…Where You’d Actually Want to Live by Realtor.com and the 2019 Insurify Best Up and Coming Housing Market Award. The Krieger family has been a staple in the greenhouse business for five generations. With over 166,699 square-feet of available growing area, including a shipping room with five overhead doors for unloading semis, and great access to US Interstate 35, this turn-key greenhouse operation offers an abundance of opportunities!

The property is being sold by ONLINE Only auction. The bidding is currently LIVE and will remain open until Thursday, August 5th, 2021 at 3:00 PM (CST). The greenhouse complex may be inspected during open houses or by appointment: Open House dates are Wednesday, July 21th from 4:00PM-7:00PM & Sunday, July 25th from 1:00 P.M. to 4:00 P.M.

The Ludy greenhouses are gutter-connected, pre-galvanized, rust-resistant steel hoop buildings with a complete overhead copper pipe watering system with sprayers for all growing areas and alternating overhead production lines for flowering pots. Modine high efficiency II heaters equipped with Wadsworth Control Systems are installed throughout the complex to control the temperature and vents. The plant / production room is a humidity-controlled environment with growing lights to aid in marketing crops earlier and/or producing a double crop. This area of the greenhouse complex was previously used to grow and dry industrial hemp.

This greenhouse complex has an abundance of poured concrete for moving plants and equipment anywhere around the facility and the production bays are comprised of a mixture of soil and pea gravel to minimize muddy ground from the overhead sprinkler system. This system allows for controlled nutrient applications to plants in various stages of production throughout the greenhouse. Recently, some bays have been fallow, which may present an opportunity for future organic crop production. Rain water is collected and runs to an improved underground drainage tile. The drainage tile in Drainage District #137 was completely renovated in the 2019 and there will be a drainage assessment through 2039. The 8.70 FSA NHEL tillable acres (see attached FSA and Tillable Soils Map) on the east side of the property are currently planted into a pure alfalfa stand with high-producing soil types of Canisteo and Nicollet clay loams. These high-quality farmland acres may be used to create your own nursery, raise your own crops, or provide other income-producing options.

The property lies within the city limits of Boone, Iowa and is currently zoned M-3 (Light Industrial). See attached “M-3 Permitted Uses” or contact listing agent/City of Boone for questions on a use of the property. Boone is fully served with all modern utilities and services. Utilities include city water provided by the city of Boone carrying approximately 80 pounds of pressure with a consistent pH balance, three-phase electric and natural gas provided by Alliant Energy, and 2″ water mains inside the greenhouse to supply the capacity for watering plants. The buildings are serviced by a private septic tank. There is an on-site 200-kW Cummins diesel GenSet backup generator with only 393 hours of running time that is able to supply three-phase power for the entire greenhouse complex in the event of an emergency power outage.

Additional information and bidding instructions are found here: https://peoplescompany.com/listings/auctions-land-commercial-boone-county-iowa-21-acres-listing-number-15530

AD: OKLAHOMA Medical Marijuana 9 Acres + Grow License * Owner Financing
Selling this beautiful 9 ac tract cleared and flat includes a cultivation License $175,000. There is currently a brand new rural water tap and septic system already on the property jus bring your generators, trailers and start growing outdoors or put up greenhouses.
Call 405-437-8896 for more info.
Contact Listing Owner
Cannabis & Hemp Banking
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