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Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building34 Photos
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
Anderson Bank Building
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Anderson Bank Building

This lot was not sold. You may be able to bid on this item if the auctioneer offers the lot again.
Auction by Terra Officium
This item is in ANDERSON, IN

Overview of Anderson Bank Building

Item Details

CountyMADISON
Item Location - CountryUnited States
Item Location - Postal/Zip Code46016
Item Location - State/ProvinceIndiana
Year1928
Item Location - Address931 MERIDIAN STREET
Taxes$8,695.12 (Annually 2023)
View Other Documentshttps://drive.google.com/file/d/1ppXSkN7hVa-qk10PxtnEWp-c3pT21s5k/view
Sq. Feet57,000 +/- square feet building
Size0.48 +/- acres
APN/Parcel ID48-11-12-403-086.000-003, 48-11-12-403-085.000-003
Low Estimate1000000
Item Location - CityANDERSON
High Estimate1500000
DOWNLOAD THE ANDERSON BANK BUILDING BROCHURE

View Brochure Here: Anderson Bank Building Brochure



This historic bank building, built in 1928, is situated an hour north-east from Indianapolis, in the heart of downtown Anderson. Towering at 7 stories high, with almost 57,000 +/- square feet of commercial space, this project is ideal for a rental residential redevelopment in a high demand area. This investment is well positioned in a area being revitalized from the manufacturing days of the mid-west, where large fortune 500 companies are moving their headquarters to Indiana, drawing workers and other businesses to live and grow in Indiana.

A $40,000.00 EARNEST MONEY DEPPOSIT (EMD), along with proof of funds of liquid assets for a minimum total of $1,000,000.00 is required to register to bid.

SHOWING IS AVAILABLE BY APPOINTMENT ONLY

PLEASE BE ADVISED, REAL ESTATE MAY BE CONSIDERED AN INVESTMENT, AND AS SUCH, INVESTMENTS CONTAIN RISK, ARE NOT GUARANTEED NOR WARRANTIED NOR INSURED. INVESTMENTS MAY LOSE VALUE GREATER THAN ORIGINAL INVESTMENT. INVESTMENTS MAY BE ILLIQUID. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. THERE ARE NO GUARANTEES NOR WARRANTIES NOR REPRESENTATIONS BEING MADE TO THE REAL PROPERTY, ITS CONDITION OR ANYTHING RELATED TO SAID PROPERTY. INVESTING IN REAL ESTATE MAY BE CONSIDERED HIGHLY SPECULATIVE. THERE ARE NO ASSURANCES NOR GUARANTEES NOR WARRANTIES THAT REZONING WILL BE APPROVED. PLEASE CONDUCT ANY AND ALL DUE DILIGENCE, CONSULT WITH A LEGAL/TAX/INVESTMENT PROFESSIONAL, PRIOR TO INVESTING/BIDDING/PURCHASING. INVESTING MAY NOT BE SUITABLE FOR EVERYONE.

Payment

Winning/Highest Buyer/Bidder/Purchaser/Investor must pay for their items in full, within 15 (FIFTEEN) business days at the conclusion of the auction.

Payment may be made by wire-transfer and/or certified funds. CREDIT/DEBIT CARDS ARE NOT ACCEPTED!!! NO EXCEPTIONS!!!

A $40,000.00 (FORTY-THOUSAND-AND-00/100-DOLLAR) EARNEST MONEY DEPOSIT (EMD) must be made to be approved to bid, in which it will be applied towards the purchase price IF you are the successful highest bidder.

Closing to take place with a title company chosen by the auction house.
Money OrderWire Transfer

Auction Details

Commercial Redevelopment Opportunity931 MERIDIAN STREET, ANDERSON, IN, 46016Monday, Sep 18, 2023 | 9:00 AM CDT

Auction House

Terms Of Sale

Real estate properties are sold as-is, where-is, with conveyance being made by quit-claim deed.

A $40,000.00 (FORTY-THOUSAND-AND-00/100-DOLLAR) earnest money deposit (EMD) has to be made in escrow to be approved to bid, in which, if you as the bidder are the successful highest bidder, the EMD will be applied towards the purchase price. If you are NOT the highest successful bidder, your EMD will be returned within 10 (TEN) business days from the auction close date. No interest will be earned for any and all monies deposited into escrow.

Buyer will be responsible for a 12.50% (TWELEVE-AND-ONE-HALF-PERCENT) buyer/bidder premium, which is on top of the successful/highest bid, which will be paid to the auction company as a marketing fee, but no broker/agent/realtor fee(s) will be paid in conjunction of this sale. For example, if the successful/highest bid is $1,000,000.00, the buyer/bidder premium will be $125,000.00.

Buyer to be responsible for any and all property taxes assessed in 2022, and due/payable in 2023, except for that which has already been paid.

Absolutely no representations are being made in reference to: whether or not the vacant building or the adjacent parking lot(s) can be built on and/or improved on; whether or not a variance and/or approval is required/needed from the building/planning/zoning board to build on/improve on said real estate properties; the environmental conditions of said real estate properties; flood zone/hazard (if any) on said real estate properties; endangered plant/animal/wildlife specifies on said real estate properties; soil conditions on said real estate properties, condition of any structure/improvements (if any) on said real estate properties; whether or not public water/sewer is currently (or was available in the past or will be available in the future) present on said real estate properties and/or near said real estate properties; whether or not any utilities are currently (or was available in the past or will be available in the future) present on said real estate properties and/or near said real estate properties; whether or not any type of violations and/or code enforcement violations are currently present/outstanding on said real estate properties; whether or not title insurance may/will be issued on said real estate properties; the condition of the title of said real estate properties; whether or not any easements and/or right-of-ways exist on said real estate properties; whether or not any squatters are present on said real estate properties; whether or not personal items and/or trash/debris/junk is present on said real estate properties; nor any other representations are being on any real estate properties offered for sale/auction.

Purchasing real estate may be considered as an investment, and as such, investments contain risk, are not guaranteed are not warrantied and are not insured.

Past performance of real estate purchases/investing does not indicate future results.

Due to nature of real estate investment, you may lose more than your original investment, due to expenses occurring from owning/holding real estate (i.e.: real estate property taxes, maintenance expenses, etc.). Investing in real estate may prohibit you from readily liquidating your real estate property into cash, due to nature of said investing and no public exchange/market for real estate properties existing presently.

Before investing in real estate, carefully consider your investment objective/goal, investment experience, investment time horizon, risk tolerance/appetite, liquidity needs, net worth (excluding primary residence), present/future tax consequences & present/future asset allocation.

Consult with an investment/tax/legal advisor before investing in real estate.

The company auctioning off the real estate properties, its subsidiaries and its affiliates/owners are not providing investment advise to any parties regarding any transactions within this auction/sale.

Real estate properties offered for auction/sale, are only available to legal residents of the United States of America, who are at least the legal age of majority within their residence state and the state of where the real estate property is located.

Any and all buyers/bidders/purchasers/investors agree and understand that they are bidding because they are legally able to; are legal residents of the United States of America; are a minimum age of majority within their own state of residence and the state of where the real estate property is located at; are of sound mind; are not the previous owner of said real estate properties nor affiliated with the previous owner of said real estate properties; are not forced nor coerced into bidding/purchasing/investing in said real estate properties; will not retract their bids; and will complete the purchase as agreed and pay the highest/winning bid amount if they are declared as the highest/winning bidder.

The highest/winning bidder agrees to complete said purchase within 15 (FIFTEEN) business days after the conclusion of said auction.

No commissions nor referral fees will be honored nor paid nor charged to the buyer nor the auction company nor the seller nor auction platform provider. If you are a licensed realtor and/or real estate agent and/or real estate broker, you will NOT be entitled to any commissions nor referral fees from this sale AND you will NOT be permitted to complete the sale on behalf of another party, whether representing that party or not, to avoid any potential conflicts of interest and to avoid any potential payout of commissions and/or referral fees outside of this auction. NO EXCEPTIONS!

If the bidder fails to complete their payment in full within 15 (FIFTEEN) business days after the conclusion of said auction, the buyer/bidder/purchase/investor will be held legally/financially responsible for their entire winning/highest bid amount PLUS legal expenses incurred by the seller PLUS postage/mailing fees incurred by the seller PLUS auction fees for winning items PLUS interest accrued daily at 10% annually. Furthermore, the EMD (Earnest Money Deposit) will not be returned/refunded if the buyer/bidder fails to perform.

The only payment method accepted is wire-transfer and/or certified funds.

Any and all other payment methods will not be accepted.

No due diligence periods will be honored in conjunction with this sale. Buyer/Bidder shall perform any and all due diligence prior to bidding. Showing of the building will be made available by appointment only.

Additionally, any real estate property sold/auctioned off in the state of Indiana, requires an Indiana Sales Disclosure (ISD) form to be completed/signed/dated, which will be provided to the buyer/bidder/purchaser/investor at the conclusion of the auction, which shall be returned to the seller with their payment within 15 (FIFTEEN) business days after the conclusion of said auction.

Closing will take place in person, or virtually, through a reputable title company chosen by the auction company.

Buyer/Bidder/Purchaser/Investor shall not encroach, reside, trespass, build/improve/construct, trash/store personal/business belongings / junk/debris/items, etc. on said real estate property PRIOR to being conveyed ownership through quit-claim deed.

Buyer/Bidder/Purchaser/Investor shall not sell, lease, rent, sub-lease nor use real estate property as collateral for any mortgage/lien/loan/judgement/claim prior to being conveyed ownership through quit-claim deed.

Buyer/Bidder/Purchaser/Investor relinquishes their right to hold seller, affiliates/owners of seller, subsidiaries of seller in holding them legally/financially responsible for any actions occurring to the buyer/bidder/purchaser/investor from actions arising on said real estate properties; actions arising near said real estate properties; actions arising due to purchase and/or bidding on said real estate properties and or any other actions that buyer/bidder/purchaser/investor may experience.

Any and all real estate properties may be removed from auction at any time, without prior notice.

To be approved to bid, buyer/bidder/purchaser must provide proof of funds, showing at least $1,000,000.00 in available funds, PLUS, provide a EMD (Earnest Money Deposit) of $40,000.00 (refundable ONLY if reserve price isn't met AND/OR you are not the successful/highest bidder, PLUS, proof of identity/authority to act upon the entity you are bidding/purchasing on behalf of.
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