Tuesday, May 21, 2013
Covering Dallas, Monmouth, Independence, Falls City and surrounding areas since 1868
The former Weyerhaeuser mill site and its associated properties in Dallas will be auctioned off Tuesday morning separately, then bids will be taken on the entire property.
August 21, 2012
DALLAS -- Weyerhaeuser's property in Dallas is slated to be auctioned Tuesday morning.
The auction is scheduled for 11 a.m. at 1551 SE Lyle St., Dallas. The approximately 154 acres of property will be sold "as is" in multiple tracts, with the possibility it could be purchased as a whole unit.
The auction includes the 66-acre mill site and property on which Van Well Building Supply and the Dallas Fire Department training facility are located.
Joe Tarpley of John Dixon & Associates, the real estate and brokerage firm conducting the auction, said the likely auction order will be the mill property first, followed by the log yard located on the west side of Main Street. The Van Well property will be auctioned third. The remaining tracts, including industrial and residential/farm land, will be auctioned last.
Then, after the individual parcels are auctioned, bidders will have a chance to purchase the entire property as one package. Tarpley said the top bid from the eight individual parcels will be totaled and 5 percent added for an opening bid. If someone bids, then the auction will begin again until the property is sold as one whole unit.
Tarpley said the first property inspection on Aug. 7 attracted several prospective buyers.
"We've had a lot of interest in the mill site," Tarpley noted.
A second property inspection is scheduled Mondayfrom 10 a.m. to 4 p.m.
For more information about the auction: www.johndixon.com; Brad Davies, 800-479-1763, for online bidding details.
The auction will take place as the Itemizer-Observer goes to press Tuesday. A story will be posted on the I-O website, www.polkio.com, following the auction.