Sheldon, Iowa — One of the three nuisance properties that have been offered for sale by the City of Sheldon has now sold, with improvements to begin this summer.
The former DJ’s Redemption Center, located on West Park Street, next door to K&J Cycle, has been purchased by K&J’s owners Kent and Janet Lohrenz.
The sale agreement called for the Lohrenz to pay the City $1.00 for the property. In addition, they are responsible for any of their attorney fees,Recording fees for a Special Warranty Deed, any costs for inspections, tests, appraisal, or survey obtained by the Lohrenz.
For the City’s part, they agreed to pay their attorney’s fees, the cost of the Abstract of Title, as well as Title Examination Fees and other costs. In addition, the City will pay all back real estate taxes on the property that were due prior to the time of the sale.
The building will, reportedly, require asbestos removal, and once it is removed the City will reimburse the Lohrenz up to $8,000.
KIWA talked to Kent Lohrenz, and asked him what would happen to the existing structure, which was severely damage in a fire.
(As above) “We have to demolish it you know it has to be level down to the ground and that that’s the main plan for this summer.”
He tells us what they plan to do with the property, once the burned out building is razed.
(As above) “Probably going to maybe put a maybe put a small storage shed on it or just leave the cement floor in place if we can.”
The building to be demolished has some history with Kent and Janet Lohrenz. They operated K&J Cycles out of that building for twenty years before moving next door to their current location.