Auction Location: 500 Larson Ave N, Lake Mills, IA 50450
Phone: 641-357-5417
Lot Categories: Material Handling/Storage (353), Electrical Equipment (104), Fire/Rescue/Safety Equipment (102), Garage Items (85), Office Supplies (76), Janitorial Equipment (61), Power Tools/Shop Equipment (61), Manufacturing Equipment (47), Hand Tools/Hardware (47), Storage/Buildings (46) Show More
Auction Closed
04/10/2023 04:00 pm
Closed
Manufacturing Plant Liquiation - Lake Mills Iowa
Questions may be addressed to I-35 Auctions via email or phone
contact@i35auctions.com
641-357-5417
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A national manufacturer is selling the following equipment at its Lake Mills production facility. The following 1,200+ lots are organized as follows:
0100 production machinery
0200 power and hand tools
0300 maintenance equipment
0400 maintenance equipment (continued)
0500 maintenance parts & supplies
0600 maintenance parts & supplies (continued)
0700 electrical items
0800 electrical items (continued)
0900 storage/material handling
1000 storage/material handling (continued)
1100 storage/material handling (continued)
1200 material carts
1300 material carts (continued)
1400 office furniture
1600 office supplies
1800 outdoor furniture
2000 safety PPE
2200 janitorial equipment & supplies
2400 kitchen appliances, foodservice
2600 miscellaneous
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This auction begins closing at 4:00 PM on Monday, April 10, 2023
Open House Inspection: Saturday, April 1st 10 AM - 2 PM
Helpful things to know about the facility when coming for inspection or removal: the check-in/out area will be located in the cafeteria area. To get there, enter thru the employee door next to the outdoor break area.
Most of the facility is at ground level multiple overhead doors easy removal. A limited number of items are upstairs which we have indicated in the lot descriptions.
A forklifts and driver is available for assisting with loading. Please plan to bring items needed for removal of your items (tools, ladders, carts, pallets). Fans and other items can be removed by our staff with one day advance notice for a $20 fee per lot will be charged if customers want us to take down any fans.
Condition of items: the facility cut aluminum extrusions in their operations. Some items from the production floor are coated in metal shavings. We strongly suggest you wear long sleeves, gloves and safety glasses.
| Bid Range | Minimum Increment | ||
|---|---|---|---|
| $0.01 | - | $75.00 | $1.00 |
| $75.01 | - | $150.00 | $5.00 |
| $150.01 | - | $250.00 | $10.00 |
| $250.01 | - | $500.00 | $25.00 |
| $500.01 | - | $1,000.00 | $50.00 |
| $1,000.01 | - | $5,000.00 | $75.00 |
| $5,000.01 | - | $50,000.00 | $100.00 |
| $50,000.01 | - | $75,000.00 | $250.00 |
| $75,000.01 | - | $100,000.00 | $500.00 |
| $100,000.01 | - | $2,500,000.00 | $1,000.00 |
| Hammer Price Tier | Buyer's Premium | Cap | |
|---|---|---|---|
| $0.00 - $4,999.99 | 13.00% | ||
| $5,000.00 - infinity | 10.00% | $1,000.00 | |
This auction is contracted and managed by: I-35 Auctions
Manager: Jon Tofte
PAYMENTS ARE DUE BY CLOSE OF BUSINESS APRIL 14TH. Winning bidders who have not paid their invoices by this time will be listed as no-shows.
For invoices less than $5,000, preferred payment method is online through your K-BID Dashboard prior to removal. For invoices over $5,000, the preferred payment method is wire transfer or cashier's check.
Payment methods we accept include:
Please pick up your items in a timely manner. Paid lots left behind for more than 10 days are considered abandoned and will become the property of I-35 Auctions. No notice or reminders will be made.
Any refunds issued for unclaimed purchases are subject to a restocking fee not to exceed 25%. The decision whether to issue any refund is at the discretion of I-35 Auctions' management.
Items have not been tested unless otherwise described in the lot descriptions. I-35 Auctions makes no warranty as to the condition of items offered herein. Buyer is responsible for inspecting items prior to purchase. Used items come with used issues, including minor mechanical issues, interior and exterior imperfections. Pick up day is not inspection day.
I-35 Auctions is not responsible for accidents, injuries or damage to property while visiting the auction site.
Buyers are solely responsible for assuring proper trailering of goods and securely fastening their own loads. I-35 Auctions and the seller are not responsible for any accidents which may occur due to improper loading, stowage or securing of loads. I-35 Auctions does reserve the right to refuse to load any vehicle that is deemed unsafe.
Auction managed by I-35 Auctions, Clear Lake, Iowa
This auction is contracted and managed by an independent affiliate. By placing a bid on this auction, you are agreeing to the auction specific terms listed on this page in additions to the K-BID user terms and agreements.
K-BID Online, Inc. (K-BID) is responsible for maintaining the K-BID.com website. K-BID.com serves as the venue used by independent auction companies (Affiliates) to present their online auctions to bidders.
K-BID’s role in the auctions listed on K-BID.com is limited to providing the venue for affiliate auctions. Affiliates are not employees, agents, representatives or partners of K-BID Online, Inc. K-BID’s knowledge about individual auctions and individual auction transactions is limited to the information appearing on the website.
By placing a bid on K-BID.com, bidders are verifying they are at least 18 years old and acknowledging they understand and will comply with both the K-BID.com website terms and the auction specific terms. Bidders MUST NOT share their password or account information with anyone. Bidders are responsible for bids placed on their account.
Inspection dates/times are available for every auction. Bidders are strongly encouraged to inspect prior to placing bids. Removal day is not inspection day. When an auction ends, and the winning bidder invoice appears on the bidder’s dashboard, the bidder is obligated to honor their bid(s).
Every auction item is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase.
Bidders are responsible for knowing and complying with auction terms. Failure to comply with removal terms may result in bidding privileges being disabled. Once a bid is placed it cannot be retracted.
Sellers and their agents are prohibited from bidding on their own assets.
Items with a reserve will not be sold unless the reserve price has been met.
At the close of the auction, active items will remain open until no bids have been received for three minutes.
Applicable sales tax will be collected by the affiliate managing the auction.
In the event that bidding rights are terminated due to no-show invoices, bidders MAY be reinstated at the discretion of K-BID only after a penalty fee of 20% of the unpaid invoice(s) and a reinstatement fee of $25.00 has been paid to K-BID and a scanned copy of your driver's license emailed to us. INVOICED ITEMS WILL NOT BE AWARDED. The payment is punitive and meant to deter no-shows. Duplicate bidder accounts will be deactivated when they are determined to exist. If possible and at our discretion, K-BID reserves the right to delete any bid we believe has been placed by a suspect bidder. Any registration that shows up on our fraud detection system may be placed on hold and bids removed until the user is verified. K-BID Online, Inc reserves the right to disallow anybody from bidding on its website. Cases of obvious bidding with no intent to redeem will be referred to appropriate legal authorities.
Affiliates may lower a lot reserve at any time before or after an auction closes. If the reserve is lowered while the auction is in progress, the applicable reserve message will appear below the Next Required Bid information (Reserve Not Met or Reserve Has Been Met); the asset will sell to the high bidder if the lowered reserve amount is met. If the reserve is lowered after the auction closes, the highest bidder at auction close will receive a winning bidder invoice.
Once an auction begins its closing process, outbid notifications will not be sent.
Once a bid is placed it cannot be retracted.
Shipping:
Parcel shipments:
$18.50 handling fee per shipping box, plus freight. We try to fit everything in one box when possible. Large orders, oversized items or items requiring special packaging will be charged a higher handling fee.
We ship via Spee-Dee, UPS and USPS.
Pallet shipments:
Minimum $60 per pallet handling fee, plus freight charges. Please let us know if your receiving location is residential or business and if you have a loading dock and/or forklift.
Online payments can be made through your K-BID Dashboard or we can process your payment in person on pick up day. If you want items shipped, please wait until freight charges are added before paying your invoice.
