OLO Vincennes 2 Parcel Commercial Real Estate Auction
Open House: June 3rd 12pm-2pm. Can't make it? Call for a private showing.
Online Only
Commercial Real Estate Auction
Bidding Begins to Close June 12th @ 6pm EDT
Located at 2470 Maranatha Lane, Vincennes, IN.
Parcel 1: 2470 Maranatha Lane Vincennes, IN.
Up for auction is this well established commercial property with endless possibilities. Formerly a greenhouse and landscaping company, this commercial property is the perfect location for numerous business types. Sitting on a 1.375 acre lot, this property features a 6768 square feet building with retail floor space, office space and warehouse space with shelving. The lot has a paved parking lot, and the remaining part of the property is gravel. The seller has recently spent over $60,000 in updates on the property, to make this property ready for a new owner. Improvements include a new roof (2024), new gutters (2024), new drywall in offices, restrooms newly remodeled, new plumbing, new hot water heater and more. The property is located in a successful business district and adjacent to McDonald's, AutoZone, Taco Bell, and Dollar General. Take this opportunity to bid at auction on this great investment opportunity. Taxes 2024 Pay 2025: $9,115.12.
Minimum Opening Bid: $99,900.00
"Sells to the highest bidder at or above the opening bid!"
Parcel 2: Adjacent N. 6th Street 0.72 Acre Vacant Parcel
Here is an opportunity to bid on and buy a vacant commercial lot in Vincennes. This lot is adjacent to parcel 1 and and is located directly behind the Dollar General. The lot is 0.72 acre and is currently a gravel lot. It is approximately 145' wide and 230' deep at the deepest point. This lot gives the perfect opportunity to build your own business or if you are the buyer of parcel 1 you can buy it to give you the additional space you need. Taxes 2024 Pay 2025: $556.10. Parcel Number:42-12-15-403-008.000-022.
Minimum Opening Bid: $34,900.00
"Sells to the highest bidder at or above the opening bid!"
Open House: June 3rd 12pm-2pm. Can't make it? Call for a private showing.
Owner: Michael Perkins
General Terms: $10,000 non-refundable down payment per parcel due within 24 hours of sale closing, sold as-is, closing in 30 days, possession at closing, warranty deed, taxes pro-rated and final to day of closing, published minimum bid $99,900 and $34,900, and subject to a 10% buyer's premium. Buyer broker participation is welcome.
Kraft Real Estate Auctions, LLC - AC31900011
Col. Conrad Kraft- AU01023657
Jonathan Kraft – AU10500173
Garry Wolfe - AU199900027
Auction Manager: Garry Wolfe - 812-201-1333
Managing Broker: Jay Mayden
219-973-9240 - Info@KraftAuctions.com
KraftAuctions.com
DOWN PAYMENT: $10,000 down payment within 24 hours of auction closing and with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
BUYER`S PREMIUM: A buyer's premium of 10%, will be added to the final bid price of the property.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
DEED: Seller shall provide a warranty deed.
EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place in 30 days,
POSSESSION: At closing.
REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing
ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.
SURVEY: There shall be no survey
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.
ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.