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
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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
Auction Terms Addendum
This auction is contracted and managed by an independent auctioneer. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.
Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies to conduct online auctions.
They are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.
Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.
Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.
Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.
Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.
Auction Process
Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.
If bidding privileges are suspended due to unpaid invoices:
Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.
Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.
Sales Tax
Applicable sales tax will be collected by the independent auction company managing the auction.
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.
