Asset Details
Property 1 - Commercial building containing approximately 12,852 sqft residing on approximately 15.29 acres. It is currently being utilized as a Bar and Grill named The Ickey Nickel Bar & Grill.
Address is 4700 41st St in Sioux City, IA 51108 (Parcel 894712300015)
Property 2 - Unimproved adjacent lot consisting of approximately 0.60 acres. It is utilized as an access to the Commercial Building.
Address is 4700 1/2 41st St in Sioux City, IA 51108 (Parcel 894712300020)
Firearms Prohibited
Members of the public attending the auction are prohibited from carrying/possessing a firearm(s) at the auction, even if carrying/possessing a firearm(s) is otherwise permitted under state or local law. The term “firearm” means any weapon (including a starter gun) which will or is designed to or may readily be converted to expel a projectile by the action of an explosive.
Asset Info
Notice of Public Auction Sale
Under the authority in Internal Revenue Code section 6331, the property described below has been seized for nonpayment of internal revenue taxes due from Michael A Verzani. The property will be sold at public auction as provided by Internal Revenue Code section 6335 and related regulations.
Property 1 - Commercial building containing 12,852 sqft on approximately 15.29 acres. Property is home to The Ickey Nickel Bar & Grill.
Address is 4700 41st St in Sioux City, IA 51108
Property 2 - Unimproved adjacent lot consisting of approximately 0.60 acres. Used as an access to the Commercial building.
Address is 4700 1/2 41st St in Sioux City, IA 51108
Minimum Bid is $271,552.60
A tract of land in the West Half (W ½) of the Southwest One Quarter (SW ¼) of Section Twelve (12), Township Eight Nine (89) North, Range Forty-seven (47) West of the 5th Principal Meridian, Sioux City, Woodbuty County, Iowa more particularly described as follows:
Commencing at the Northwest comer of the Soµthwest One Quarter (SW ¼) of Section Twelve (12), thence South One Degree Fifty-three Minutes Two Seconds (S 01°53'02") East (bearing assumed with all subsequent bearings referenced there from) along the. West line of Southwest One Quarter (SW¼) of Section Twelve (12) for a distance of Thirty-three and Two Hundredths Feet (33.02') to the point of beginning; thence North Ninety Degrees Zero Minutes Zero Seconds (N 90°00'00") East for a distance of Seven Hundred Sixty-eight and Fifty-three Hundredths Feet (768.53');'thence South Sixty-three Degrees Five Minutes Thirty-seven Seconds (S 63°05.'37") East for distance of Twenty-eight and Twenty-eighty Hundredths Feet (28.28'); thence South Twenty-two Degrees Fiftyafour Minutes Twenty-seven Seconds (S 22°54'27") West for a distance of One Thousand Three Hundred Ninty-two and Seventy-two Hundredths Feet (1,392.72'); thence South Eighty-nine Degrees Thirty-four Minutes Fifty-seven Seconds (S �9°34'57") West for a distance of Thirty-five and Eight Hundreths Feet (35.08'); thence South Thirty-eight Degrees Twenty-two Minutes Zero Seconds (S 38°22'00") Wesf for a distance of Two Hundred Sixty-nine and Five Hundreths Feet (269.05') to a point on the West line of the Southwest One Quarter (SW¼) of the Southwest One Quarter (SW ¼); thence North One Degree Fifty-three Minutes Two Seconds (N01 °53'02") West along said West line of the Southwest One Quarter (SW¼) for a distance of One Thousand Five Hundred Forty and Seventy-two Hundredths Feet (1,540.72') to the point of beginning.
Said tract contains 15.29 acres more or less.
A 33 FOOT TRACT OF LAND IN THE NORTHWEST ONE QUARTER OF THE SOUTHWEST ONE QUARTER OF SECTION 12, TOWNSHIP 89 NORTH, RANGE 47 WEST OF THE 5m P.M., SIOUX CITY, WOODBURY COUNTY, IOWA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHWEST CORNER OF THE NORTHWEST ONE QUARTER OF THE SOUTHWEST ONE QUA'R.TER OF SECTION 12; THENCE NORTH 90 DEGREES, 00 MINUTES, 00 SECONDS EAST (BEARING ASSUMED WITH ALL SUBSEQUENT BEARINGS REFERENCED THEREFROM) ALONG THE NORTH LINE OF SAID NORTHWEST ONE QUARTER OF THE SOUTHWEST ONE QUARTER FOR A DISTANCE OF 704.60 FEET; THENCE SOUTH 63 DEGREES, 05 MINUTES, 37 SECONDS, EAST FOR A DISTANCE OF 72.93 FEET; THENCE SOUTH 90 DEGREES, 00 MINUTES, 00 SECONDS, WEST FOR A DISTANCE OF 768.53 FEET TO THE WEST LINE OF SAID NORTHWEST ONE QUARTER OF THE SOUTWEST ONE QUARTER; THENCE NORTH 01 DEGREES, 53 MINUTES, 02 SECONDS, WEST ALONG THE SAID WEST LINE OF THE NORTHWEST ONE QUARTER OF THE SOUTHWEST ONE QUARTER FOR A DISTANCE OF 33.02 FEE TO THE POINT OF BEGINNING.
SAID TRACT CONTAINS .60 ACRES MORE OR LESS
If you decide to withdraw your mail-in-bid prior to the sale, you must make notice of such in writing to the Property Appraisal & Liquidation Specialist (PALS) employee. The PALS must receive the written withdrawal prior to the subject sale. On a deferred payment sale, failure by the Bidder to pay any remaining balance due on the bid in accordance with the Notice of Public Auction Sale may result in the Bidder forfeiting the initial bid deposit.
20% of the high bid is due the day of the auction and the remaining balance is due by July 24, 2026