Commercial Real Estate Auction Elkhart Indiana

Friday, September 8, 2023 | 11:00 AM Eastern

Auction closed.

Commercial Real Estate Auction Elkhart Indiana

Friday, September 8, 2023 | 11:00 AM Eastern

Auction closed.

Internet Premium: 10.00%
See Special Terms for additional fees

Elkhart, IN

Description

Commercial Real Estate Auction
1053 Middleton Run Road
Elkhart Indiana

2 Buildings (16,000 sq ft)
situated on 2.24 acres of land

Friday September 8, 2023 at 11 am
Live on site and live online for the real estate

Property and Auction Location: 1053 Middleton Run Road, Elkhart IN 46517

Located within the Middlebury Street Industrial area, halfway between Old US 20 and Middlebury Street, Minutes to CR 17, US 20 Bypass and I80/90 Toll Road.

3200 square foot steel building with 14' overhead door
12,840 building with office and production space
440 Amp, 2 interior cranes, 3 Overhead doors 14'
2 restrooms,
well & septic, City Water and Sewer is 370 feet away from the property line
M1 commercial zoning Multi Use options, Investigate the potential and be there to bid

OPEN HOUSE INSPECTION DATE: September 7, 9-4 pm or other times by appointment with the Brokers and Auctioneers.

Real Estate Terms: 10% down day of sale with closing in 30 days. Seller will provide deed,... Show more

Bartel And Company

574-238-1816

Internet Premium: 10.00%
Payment Options: Check and Wire Transfer
Payment Instructions: 1053 Middleton Run Road, Elkhart Indiana REAL ESTATE AUCTION TERMS Auction Date: September 8, 2023 at 11 am ET All bidding is open to the public. In order to bid, you need only to have your bid be recognized by the Auctioneer. The property will be sold as a one tract with one aggregate bid. The property will be sold to the highest bidder, as determined by the Auctioneer on the day of the Auction. The closing will be targeted for October 8, 2023 (30 days from the Auction date). But also Subject to Court approval of the supervised Estate of Betty Collins Meridian Title will handle the closing arrangements. The seller will provide clear title, title insurance and a Warranty Deed. The closing fee charged by Meridian will be divided equally between buyer and seller. Any recording fees will be paid by the buyer. A Survey can be available at the buyer’s expense. Elkhart County real estate taxes (past, present and future) will be the responsibility of the buyer. The buyers will not receive a prorated tax credit for the 2023 pay 2024 real estate taxes. Once your bid is placed and recognized by the Auctioneer, it is irrevocable until the auction is closed by the Auctioneer. If you are the high bidder and your bid is accepted, you must deposit 10% of your total purchase price and sign the attached purchase agreement today. This sale is not subject to financing or any other contingencies. Bidding at this auction creates a legal obligation for the bidder to buy and the seller to sell. We are presuming that any bidder who bids will be in a position to pay cash for the property at the closing. The earnest money deposit is non-refundable and will be credited towards purchase price at closing. The property is being sold "AS IS WHERE IS". The Auctioneers, Realtors and Sellers are not providing any warranties or guarantees of any type expressed or implied with regard to the condition of any improvements, the land, soil, water, or zoning. There is no guarantee of the issuance or approval of any building, septic, or construction permits of any kind. Your complete inspection and investigation of the properties is invited and recommended. Increments of bidding shall be at the discretion of the Auctioneer. Tie bids and or any other disputes shall be settled by a decision from the Auctioneer. Decisions of the Auctioneer are final. Possession of the properties will be granted to the buyer on the day of the closing. A buyer’s premium will in effect at this auction. 7% for onsite and or telephone bidders and 10% for online bidders. The buyer’s premium will be added to the final auction (hammer) price) of the property and will be paid by the Buyers to the Auctioneers and Realtors at the final closing. Any announcement or addition to auction terms made on the day of auction will take precedence over any previously released information printed or otherwise. CONTRACT TO PURCHASE AUCTION REAL ESTATE SAMPLE AND SUBECT TO COURT APPROVAL Auction Bid: $ Buyer’s Premium $ In consideration of the total sum of:______________________________________________________ The undersigned “Seller”, hereinafter called the "Seller", who is the owner, hereby, for the Seller and the Seller's heirs, successors and assigns, offers and agrees to sell and convey to the undersigned person(s)as “Buyers” hereinafter called the Buyer, the above described auction parcel of real estate. The title to said real estate is to be conveyed free and clear of all encumbrances and liens except roadway/utility easements, drainage easements, protective covenants or other disclosed per title insurance policy. Seller agrees to execute and deliver a Warranty Deed conveying the property. The Seller will pay for the Owner's Title Insurance Policy. The purchase price shall be paid in cash at the time of the closing. Loss or damage to the property shall be at the risk of the Seller until day of closing. Final closing of the transaction shall be on or about October 8, 2023. Auctioneers and Realtors are agents for the seller only and not buyer's agents. The buyer hereby states that he has had ample time to inspect the property. The buyer further states that he is accepting the property as is, where is with all faults. This transaction may, at the Sellers and or Buyer's option, be part of a 1031 Tax Deferred Exchange. Any expenses related to such a 1031 Exchange will be the responsibility of each respective party separately who is electing to participate in any such exchange. Each party agrees and approves that this Purchase Agreement may be assigned to a Qualified Intermediary for any such exchange. The Buyer hereby agrees to deposit $_______________________ non-refundable earnest money deposit, which shall be credited towards the purchase price and or buyer’s premium at the time of the closing. By signing below, I(we) are agreeing to all the terms set hereinabove and on the attached 1727 East 12th Street, Mishawaka, IN 46544 REAL ESTATE AUCTION TERMS Auction Date: September 14, 2023 ______________________________________ ___________ BUYER and or their assigns date ______________________________________ ___________ SELLER date
Currency Type: USD
Shipping Instructions: This is a real estate auction.
Preview Date & Times: OPEN HOUSE INSPECTION DATE: September 7, 9-4 pm or other times by appointment with the Brokers and Auctioneers.
Checkout Date & Times: Payment to be made day according to the terms of the auction.
Location: 1053 Middleton Run Road, Elkhart, IN 46517
Driving Directions: Property Location and Auction Location: 1053 Middleton Run Road, Elkhart IN 46517

Special Terms

Online bidders will be expected to wire their earnest money deposit the next day after the Auction. If you have any question about the terms of this auction terms, please call Brad B Hooley Auctioneer 574-596-9890

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1053 Middleton Run Road, Elkhart IN 46517

Lot # 1 (Sale Order: 1 of 1)

Property Location - City: ElkhartProperty Location - State: IndianaProperty Location - Country: United StatesProperty Location - Postal/Zip Code: 46517Other DocumentsEstimate: 400,000High Estimate: 500,000

Property and Auction Location: 1053 Middleton Run Road, Elkhart IN 46517 2 Buildings (16,000 sq ft) 2.24 acres of land Located within the Middlebury Street Indust...more

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1.178.0.771.56c32e2.8.115

Bid Range	Increment
$0.01 - $0.24	$0.01
$0.25 - $0.49	$0.05
$0.50 - $0.99	$0.10
$1.00 - $4.99	$0.25
$5.00 - $24.99	$1.00
$25.00 - $99.99	$5.00
$100.00 - $249.99	$10.00
$250.00 - $499.99	$25.00
$500.00 - $999.99	$50.00
$1,000.00 - $4,999.99	$100.00
$5,000.00 - $24,999.99	$250.00
$25,000.00 - $49,999.99	$500.00
$50,000.00 - $99,999.99	$1,000.00
$100,000.00 - $249,999.99	$2,500.00
$250,000.00 - $999,999.99	$5,000.00
$1,000,000.00+	$10,000.00

Category

Selling Format

Commercial Real Estate Auction Elkhart Indiana

Commercial Real Estate Auction Elkhart Indiana

1053 Middleton Run Road, Elkhart IN 46517