SCHOON CONSTRUCTION COMPANY COMPLETE RETIREMENT LIQUIDATION NO RESERVE LIVE AUCTION

SUPER CLEAN & WELL-MAINTAINED CONSTRUCTION & UNDERGROUND EQUIPMENT

FRIDAY, NOVEMBER 13, 2026 | 9:00 AM SHARP

CHEROKEE, IOWA – 1500 S. 2nd Street
Auction Held on the Premises of Schoon Construction

LIVE AUCTION WITH SIMULCAST ONLINE BIDDING AVAILABLE

PLEASE NOTE THE EARLY START TIME – THIS AUCTION BEGINS AT 9:00 AM!

2 – POSSIBLY 3 – AUCTION LINES WILL BE RUNNING! BRING YOUR FRIENDS & EXTRA BIDDERS SO YOU DON'T MISS OUT ON ANY ITEMS!

After nearly 60 years in business, Schoon Construction Company is retiring and liquidating its complete lineup of construction, underground utility & support equipment.

EVERYTHING SELLS IN ONE DAY – ABSOLUTE WITH NO RESERVES OR MINIMUMS!

This is an outstanding opportunity to purchase a large selection of well-maintained underground construction equipment, directional drills, trenchers, vibratory plows, excavators, backhoes, skid loaders, trucks, trailers, vac systems, forklifts, utility equipment, shop equipment & tools.

DIRECTIONAL DRILLS, TRENCHERS & UNDERGROUND EQUIPMENT

An exceptional lineup of late-model Vermeer & Ditch Witch underground construction equipment, including:

• 2025 Vermeer D23X30 SIII Navigator Directional Drill
• 2024 Vermeer D23X30 SIII Navigator Directional Drill
• (2) 2023 Vermeer D24X40 Navigator S3 Directional Drills
• 2023 Vermeer D10X15 Navigator S3 Directional Drill
• 2021 Vermeer Directional Drill
• 2020 Ditch Witch JT10 Directional Drill
• 2021 Vermeer RTX1250i2 Track-Type Vibratory Plow
• Vermeer PTX40 & PTX44 Trencher/Vibratory Plow Units
• Ditch Witch HT185 Track-Type Vibratory Plow
• Vermeer MX125 Mud Mixing Systems
• Large Selection of Drill Stem, Boring Bits, Vibratory Plow Blades, Locators & Underground Support Equipment

CONSTRUCTION EQUIPMENT

• 2022 John Deere 310SL MFWD Tractor/Loader/Backhoes – (2)
• 2019 John Deere 310 MFWD Tractor/Loader/Backhoe
• 2012 John Deere 524K Articulated Wheel Loader
• 1998 John Deere 650G LGP Crawler Dozer
• 2022 John Deere 325G Compact Track Loader
• 2015 Bobcat T650 Compact Track Loader
• 2018 Bobcat S570 Skid Loader
• Cat EL200 Excavator
• John Deere 35D & 35G Mini Excavators
• John Deere 486E Heavy Duty Forklift
• Yale LP Forklift
• Large Selection of Buckets, Breakers, Grapples, Landscape Rakes, Soil Conditioners & Attachments

VAC SYSTEMS & UNDERGROUND SUPPORT EQUIPMENT

• 2023 Vermeer VX50-500 Portable Vac Trailer
• 2022 Vermeer VX50-500 Portable Vac System
• 2017 Ditch Witch FX30 Portable Spoil Vac System
• 2012 Ditch Witch FX30 Portable Spoil Vac System
• Vermeer Portable Vac System
• Ditch Witch Locators & Tracking Equipment
• Electrofusion Equipment
• Mud Mixing Systems
• Underground Utility Tools & Support Equipment

TRUCKS, PICKUPS & SERVICE VEHICLES

Large fleet including:

• Dump Trucks
• Service Trucks
• Heavy Duty Diesel Pickups
• Crew Cab Pickups
• Flatbed Trucks
• Water Truck
• Truck Tractor
• Mud Mixing Truck
• Vans & Support Vehicles

Featuring International, Freightliner, Ford, Chevrolet, GMC, Dodge Ram & more, including numerous 1-ton diesel pickups & service trucks.

LARGE SELECTION OF TRAILERS

• Eager Beaver 35-Ton Hydraulic Removable Gooseneck Lowboy
• 2012 Felling 40 ft. Flatbed Trailer
• 2024 Slabach 3-Reel Trailer
• 2023 Larson 7500 Tandem Axle Reel Trailer
• Felling Equipment Trailers
• Flatbed & Tilt Deck Trailers
• Cable & Reel Trailers
• Dump Trailer
• Van Trailers
• Plus Numerous Support Trailers

ADDITIONAL EQUIPMENT

• John Deere Utility Tractors & Attachments
• John Deere Gator XUVs
• Ingersoll-Rand Industrial Air Compressors
• Shipping Containers & Storage Trailers
• Generators
• Concrete Equipment
• Road Barricades & Traffic Safety Equipment
• Pumps & Hoses
• Tool Boxes
• Utility Construction Equipment
• Forklift Attachments
• Plus Much More

SHOP EQUIPMENT, HAND TOOLS & SUPPORT ITEMS

A large assortment of shop equipment, power tools, hand tools, pipe tools, construction tools, electrical equipment, concrete tools, road safety equipment & miscellaneous contractor supplies will also sell.

Small shop items & hand tools will sell to the LIVE CROWD ONLY.

Online bidding will be available on major cataloged assets.

AUCTIONEER'S NOTE

Make your plans now to attend this Complete Retirement Liquidation Auction for Schoon Construction Company. After nearly 60 years in business, LeRoy Schoon has made the difficult decision to retire and offer his super clean & well-maintained line of equipment at Absolute Public Auction.

The equipment has received excellent care & maintenance and is ready to go to work for its new owners. This is a true complete liquidation – everything goes, nothing is being held back and every asset sells Absolute with NO Reserves or Minimums.

This is a large one-day auction with 2 – possibly 3 – auction lines running throughout the day. Bring your friends & extra bidders, come prepared and don't miss your opportunity to bid!

Join us in Cherokee, Iowa as we celebrate nearly six decades of Schoon Construction and give LeRoy the retirement auction he deserves!

AUCTION INFORMATION

Friday, November 13, 2026
9:00 AM SHARP – PLEASE NOTE THE EARLY START TIME

Schoon Construction Company
1500 S. 2nd Street, Cherokee, IA
Auction Held on the Premises

LIVE AUCTION WITH SIMULCAST ONLINE BIDDING

All Assets Sell ABSOLUTE – NO RESERVES – NO MINIMUMS

Everything Sells in ONE DAY!

Small shop items & hand tools sell to the LIVE crowd ONLY.

For additional information, photos, videos, complete catalog & auction terms, visit NitzAuctions.com or contact Jack Nitz & Associates.

Lunch & Restrooms Available on Grounds.

AUCTION TERMS & IMPORTANT INFORMATION – PLEASE READ

AUCTION LOCATION

1500 S. 2nd Street
Cherokee, IA 51012

BUYER'S PREMIUM

Live / In-Person Bidders: No Buyer's Premium

Online Bidders: 2% Buyer's Premium on ALL online purchases

SALES TAX

No Sales Tax

BIDDING APPROVAL

A valid credit card is required for online bidding approval.

A temporary $25 authorization "ping" will be placed on your card & will drop off according to your card issuer's policies, typically within 72 hours.

This is an authorization only – not a charge.

PAYMENT METHODS

Wire • Cash • Business or Cashier's Check
Visa • Mastercard • Discover • American Express

NO personal checks accepted

Credit Card Convenience Fee: 3.55%

This fee applies to ALL card payments, including debit cards.

Credit card payments over $1,000 will only be accepted if the cardholder can physically verify their identity in person with our staff.

If the buyer is not present to verify the credit card in person, payment must be made by Wire Transfer.

PAYMENT & PICKUP – PLEASE PLAN AHEAD

Jack Nitz Auctions will be onsite in Cherokee, Iowa to accept in-person payments during the following times ONLY:

Auction Day – Friday, November 13, 2026

Through 6:00 PM

Saturday, November 14, 2026

8:00 AM – 2:00 PM

IMPORTANT – AFTER 2:00 PM SATURDAY, NOVEMBER 14TH:

• You will NOT be able to make payment in Cherokee.
• Any unpaid purchases must be paid by Wire Transfer to Jack Nitz Auctions before removal.
• Purchases will still be picked up at the auction site in Cherokee, Iowa.
• Jack Nitz Auctions staff will NOT be onsite to accept payment.
• NO forklift or loading assistance will be available.

Please plan accordingly if you intend to pay in person or need assistance loading your purchases.

PAYMENT DEADLINES

LIVE BIDDERS

Payment is due within 30 minutes of the conclusion of the Auction.

ONLINE BIDDERS

Payment is due within 5 business days of the Auction.

Online bidders wishing to pay in person at the Cherokee auction site must do so by 2:00 PM Saturday, November 14, 2026.

After that time, payment must be made by Wire Transfer.

Jack Nitz Auctions does NOT automatically charge the credit card used for bidding approval.

For Wire Transfer instructions, call 402-727-8800 or email info@nitzauctions.com.

INVOICES

Invoices will be emailed to winning online bidders within 24 hours after the Auction.

If you do not receive your invoice, call 402-727-8800.

For Wire Transfer instructions:

402-727-8800
info@nitzauctions.com

TITLE FEES

$35 per titled unit

TITLED VEHICLES & TRAILERS

If the description does NOT state "NO TITLE," a title exists for that unit.

If you have questions regarding titles, contact our office BEFORE Auction Day.

A $35 title fee applies per titled unit.

All titles will be mailed approximately 3 weeks after the Auction. No exceptions.

Email heather@nitzauctions.com with the correct name & address for title paperwork.

PREVIEW / INSPECTION

Thursday, November 12, 2026 – Time to be determined

Auction Day preview will also be available.

PICKUP, REMOVAL & LOADING – IMPORTANT

Forklift Assistance Available:

Auction Day – Friday, November 13, 2026
Through 6:00 PM

Saturday, November 14, 2026
8:00 AM – 2:00 PM

Forklift assistance will be available during these times ONLY.

AFTER 2:00 PM SATURDAY, NOVEMBER 14TH:

NO forklift or loading assistance will be available.

If your purchase requires a forklift or other equipment to load, you will be responsible for:

• Bringing your own forklift or appropriate loading equipment
• Hiring a qualified company to load your purchases
• Providing any necessary labor, tools & equipment

There will be NO ONE available to load equipment onto your truck or trailer after Saturday at 2:00 PM.

USING A TRUCKING COMPANY?

If you're sending a trucking company or third-party hauler to pick up your purchases, make sure they are prepared to load the drivable equipment themselves.

Do not send a truck expecting auction staff, the Seller or someone at the auction site to load the asset(s).

REMOVAL DEADLINE

All purchases must be removed from the auction site by:

Tuesday, November 24, 2026 at 2:00 PM

All purchases must be paid in full before removal.

Buyer is solely responsible for all removal, loading, dismantling & transportation of purchases.

QUESTIONS

402-727-8800
info@nitzauctions.com

Online Auction & Live Auction Pre-Bidding Bid Increment Schedule

All bids must follow the bidding increments below. The system will only accept the next valid bid amount.

During Live Auctions, the Auctioneer reserves the right to adjust bidding increments as necessary

Online auctions must follow the programmed bid increments established within the bidding platform

GENERAL AUCTION TERMS

1. The information provided in this catalog is deemed correct, but is in no way guaranteed. We will in no way be held responsible if the information provided to us was incorrect to begin with. While descriptions are believed to be correct, the Auctioneers or owners make no warranties or guarantees as to the genuineness, authenticity of or defect of any items & will not be held responsible for advertising discrepancies or inaccuracies. It is our sincerest intention to provide the potential buyer all the information that pertains to the various items.

2. ALL SALES ARE FINAL. All Property is offered in 'AS IS, WHERE IS' condition, unless otherwise specified by the Auctioneer. No Warranties, either expressed or implied, will be offered. 

3. Once the Auctioneer says 'SOLD', the equipment becomes the Sole Responsibility of the Purchaser. 

4. The Auction Company reserves the right to reject the Bid of any purchaser or revoke any/all bidding numbers from any purchaser, who in the past has presented a problem for collection to either the Auction Company or Seller. 

5. Any/all Purchasers will be expected to rely upon his/her personal inspection or investigation of the property being offered at the Auction, or that of an approved party to Buyer, and not upon any representation of warranty or condition by the Seller or the Auction Company. Seller or Auction Company will, in NO WAY, be held responsible for any discrepancies, damage or loss of any property of Buyer once the Auctioneer says SOLD. 

6. Any/all prospective Purchasers will be required to register for a bidder's number and present proper identification when registering. 

7. PAYMENT: All payments for LIVE Bidders are due within 30 minutes of the conclusion of the Auction. ONLINE Bidder payments are due within 5 business days of the Auction.

Jack Nitz Auctions will be onsite in Cherokee, Iowa to accept in-person payments on Auction Day through 6:00 PM & Saturday, November 14, 2026 from 8:00 AM – 2:00 PM ONLY.

After 2:00 PM Saturday, November 14, 2026, payment will NOT be accepted at the Cherokee auction site. Any unpaid purchases must be paid by Wire Transfer to Jack Nitz Auctions before removal.

Jack Nitz Auctions does NOT automatically charge the credit card used for bidding approval.

8. REMOVAL: ABSOLUTELY NO equipment will be removed from the Auction Site until paid for in full. Any/all equipment left at the Auction Site after the Auction will be the SOLE responsibility of the Purchaser. All purchases must be removed by Tuesday, November 24, 2026 at 2:00 PM.

9. LOADING: Forklift assistance will be available on Auction Day through 6:00 PM & Saturday, November 14, 2026 from 8:00 AM – 2:00 PM ONLY.

After 2:00 PM Saturday, November 14th, NO forklift or loading assistance will be available. Buyer is solely responsible for providing or hiring all equipment, labor, tools & assistance necessary to load & remove purchases. If Buyer sends a trucking company or third-party hauler, Buyer is responsible for ensuring the hauler is capable of loading the purchased equipment without assistance from Jack Nitz Auctions or the Seller.

10. Any/all announcements made from the Block on Auction Day will take absolute precedence over any matter of print or any matter of previously printed advertising. 

11. Neither the Sellers or the Auction Company will assume any liability or responsibility for transfer costs or damages to the equipment resulting in a loss to the Purchaser, either due to negligence or natural accidental occurrence circumstances. Furthermore, Purchaser will hold harmless both the Sellers and the Auction Company, and their heirs and assigns, from any litigation and/or loss due to any lawsuit brought by Purchaser for any loss that he/she may endure. 

12. By making a bid, regardless of how such bid is made, Bidder acknowledges that Bidder has received, read, understands, and agrees to comply with and be bound by the Terms.

13. Jack Nitz & Associates shall not be liable or responsible for any interruptions, termination or corruption of any audio feed, video feed or of any other internet registration, bidding or other online related service that occurs before, during or in connection with the auction sale, regardless of the cause of fault attributable to the interruption, termination or corruption of such services.

14. TIE BIDS:

In the event of a tie bid, defined as two or more bidders placing the same bid amount at the same time, the following shall apply:

• Live / In-Person Auctions: Resolution of tie bids shall be at the sole discretion of the Auctioneer, whose decision shall be final.
• Online-Only Auctions: The bidding software records bids to fractions of a second. In the event of a tie, the bid first received by the system shall be recognized as the winning bid.
• Live Simulcast Auctions: In the event that an online bid and a live in-person bid are placed at the same amount simultaneously, the winning bid shall be whichever bid the Auctioneer recognizes first, at the Auctioneer’s sole discretion. This may be an online bid or a live bid.

If the Auctioneer declares an item “SOLD” and subsequently determines that the final bid was placed simultaneously by more than one bidder (including both live and online bidders), the Auctioneer reserves the absolute right to reopen bidding in order to properly resolve the tie. In such cases, an online bidder may receive a “SOLD” notification during a live simulcast auction, and bidding may be reopened. The Auctioneer’s decision shall be final and binding.

15. ONLINE & SIMULCAST BIDDING ERRORS:
Bidders acknowledge that auctions utilizing online bidding platforms and/or live simulcast bidding are conducted in real time and operated by human personnel. While every effort is made to ensure accuracy, errors may occur, including but not limited to incorrect button selection, missed bids, delayed bids, software delay, or internet-related issues.

Neither the Sellers nor the Auction Company shall be held liable for such errors or omissions. By bidding online or through simulcast bidding, the Bidder assumes all risks associated with online bidding participation.

The Auctioneer and Auction Company reserve the right to resolve any bidding disputes, correct errors, reopen bidding, or re-offer an item if deemed necessary to maintain fairness and auction integrity.

16. A Credit Card is required for bidding approval and will be used as a verification tool. Credit cards may be accepted as a form of payment on a LIMITED basis - 3.55% administration fee applies.