Mishawaka Land Auction September 21, 2023 4 pm

Thursday, September 21, 2023 | 4:00 PM Eastern

Auction closed.

Mishawaka Land Auction September 21, 2023 4 pm

Thursday, September 21, 2023 | 4:00 PM Eastern

Auction closed.

Internet Premium: 7%
See Special Terms for additional fees

Mishawaka, IN

Description

Mishawaka Land Auction
18.87 acres Commercial Residential Development Land

Thursday September 21, 2023, 4 pm

Property Location: At the corner of 12th Street and Wedgewood Drive, Mishawaka Indiana
Property Address 1727 East 12th Street, Mishawaka, IN 46544

Auction Location: Virtual Online and Live at the Offices of NAI Cressy Commercial, 200 N. Church St., Suite 200 Mishawaka, IN 46544

18.87 Acres: two deeded tracts being sold as one
1200 feet frontage on 12th street
526 feet frontage on Wedgewood
City Water and Sewer at the Street
S-2 PUD for Multi-Family Zoned
Commercial Retail options w/ zone change
Flat shovel ready site
Curb cut access to 12th St, Wedgewood and Byrkit Avenue aka (Fir Road)
High Viz Good Position Location
Outstanding Investment opportunity
Use options: single or multi=family housing, office; store front, recreational, religious or educational facility, commercial

Previous Asking price $60,000 per acre Suggested starting bid $10,000 per... Show more

Bartel And Company

574-238-1816

Internet Premium: 7%
Payment Options: Check and Wire Transfer
Payment Instructions: 1727 East 12th Street, Mishawaka, IN 46544 REAL ESTATE AUCTION TERMS Auction Date: September 14, 2023 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 (2 tracts) will be sold as a whole 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 14, 2023 (30 days from the Auction date). Meridian Title will handle the closing arrangements. The seller will provide clear title, title insurance and a Warranty Deed. The closing fee charged by Merdian 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. Current Saint Joseph County real estate taxes (2022 pay 2023) will be paid by the seller. Payment of any future real estate taxes to be billed past the date of closing as well as any other governmental fees, 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. 5% for onsite and or telephone bidders and 7% 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 1727 East 12th Street, Mishawaka, IN 46544 Auction Date: September 14, 2023 See Attached Merdian Title Reports for Key No. 27-1001-024103 - Mishawaka PHM and Key No. 027-1001-024110 Mishawaka PHM Schools 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 14, 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: The property is vacant land and is available for inspection anytime. No appointment necessary.
Checkout Date & Times: Payment to be made day according to the terms of the auction.
Location: 200 N. Church St., Suite 200, Mishawaka, IN 46544
Driving Directions: Property Location: At the corner of 12th Street and Wedgewood Drive, Mishawaka Indiana 1727 East 12th Street, Mishawaka, IN 46544 Auction Location: Live and Virtual Online at the Offices of NAI Cressy Commercial, 200 N. Church St., Suite 200 Mishawaka, IN 46544

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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18.87 Acres of Land

Lot # 1 (Sale Order: 1 of 1)

Property Location - Address: 12 th Street LandProperty Location - City: MishawakaProperty Location - State: IndianaProperty Location - Postal/Zip Code: 46544Property Location - County: Saint Joseph

Bidding will be whole dollar in the aggregate not by the acre 18.87 Acres: two deeded tracts being sold as one 1200 feet frontage on 12th street 526 feet frontage o...more

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1.178.0.771.56c32e2.10.154

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

Mishawaka Land Auction September 21, 2023 4 pm

Mishawaka Land Auction September 21, 2023 4 pm

18.87 Acres of Land