LEE CO., IA – MISSISSIPPI RIVERFRONT HOME AUCTION
Begins:
Wednesday, Mar. 18th 2026 at 12:00 AM
Ends:
Monday, Apr. 13th 2026 at 1:00 PM
Lee County, Iowa
MISSISSIPPI RIVERFRONT HOME
REAL ESTATE AUCTION
(Selling Online Only)
AUCTION ENDS MONDAY, APRIL 13TH, 2026 at 1:00 P.M.
2730 255TH Avenue, Montrose, Iowa
Open House/ Inspection: Sunday, March 29th from 1:00 P.M. – 2:00 P.M.
Selling at Absolute Auction – Mississippi Riverfront Home
Don’t miss this rare opportunity to purchase a Mississippi Riverfront home offering breathtaking panoramic views of the Mississippi River and the iconic Nauvoo Mormon Temple. This 4-bedroom, 1¾-bath ranch-style home with an attached 2-car garage is ideally positioned along the shoreline in a small rural subdivision between Montrose and Fort Madison, Iowa—without covenants or HOA fees.
The main floor features three bedrooms (one with laundry hookups), a full bath, a spacious living room, open kitchen, and a sunroom designed to capture the stunning river views. The walkout basement expands the living space with a family room, kitchenette with bar area, fourth bedroom, ¾ bath, and workshop/storage room—making it ideal for guests, entertaining, or extended living arrangements. Outdoor amenities include a rear deck overlooking the river and an enclosed storage area beneath the sunroom. A new septic system was installed in 2021.
Riverfront homes in this location rarely come available for sale. This property is also home to the only mature tree along this stretch of riverbank for over a half mile, where bald eagles are regularly seen perched against the backdrop of the Mississippi River and the Nauvoo Mormon Temple.
Auctioneer’s Note: Fraise Auction & Real Estate is pleased to offer this property at Absolute Auction, selling to the highest bidder without reserve. Whether you are seeking a primary residence, weekend retreat, or investment opportunity, this auction allows you to determine the value. Bid with confidence from anywhere through a transparent auction process designed to provide a straightforward and competitive buying experience.
Terms: $15,000 earnest money deposit due by check or wire transfer at the conclusion of the auction, with the balance due on or before May 13, 2026. The seller will provide a current abstract at their expense. Real estate sells “as is, where is,” with no warranties expressed or implied. The sale is not contingent upon Buyer’s financing, appraisal, inspections, final walkthrough, or any other contingencies. In the event the Buyer does not close pursuant to the terms of the purchase agreement, the earnest money deposit shall be forfeited.
Real Estate Taxes: Taxes will be prorated to the date of closing.
Inclusions: Electric stove, dishwasher, window treatments, workbenches and metal storage shed.
Closing: Closing will take place on or about May 13, 2026. The balance of the purchase price will be payable at closing by guaranteed check or wire transfer.
Possession: At closing upon payment in full.
NO REAL ESTATE BUYER’S PREMIUM!
Registration: Visit www.fraiseauction.com to register and bid today!
BEVERLY McFall ESTATE – SELLER
Mitchell L. Taylor of Cray Law Firm – Attorney for Seller
Open House/ Inspection: Sunday, March 29th from 1 – 2 P.M.
NOT APPLICABLE
COREY FRAISE 319-470-0115