COMMERCIAL 2 STORY BUILDING SEALED BID AUCTION

Description

C-5 ZONED COMMERCIAL PROPERTY PUBLIC SEALED BID AUCTION

1718 W 15^TH ST, INDIANAPOLIS, IN 46202

MIMIMUM BID OF $75,000

SEALED BIDS DUE BY  SEPT 5th@ 2:00PM EDT TO 7170 ZIONSVILLE RD, INDIANAPOLIS, IN 46268.

GALLIVAN, ALONG WITH LEE & ASSOCIATES, IS HAPPY TO OFFER AT PUBLIC SEALED BID AUCTION THIS 2 STORY, FULL BASEMENT, FORMER FT. HARRISON LODGE/MT. CALM TEMPLE. 

PROPERTY INFO-

TOTAL ACREAGE:                         .36 AC

NUMBER OF BUILDINGS:                        1

COUNTY:                                          MARION

POPULATION 2011(3 MILE):         248,311

CITY:                                                  INDIANAPOLIS

PARCEL NUMBER:                                           

TAXES:                                 $2.701.66 SEMI-ANNUAL

BUILDING INFORMATION-

DATE OF CONSTRUCTION: 1958

SIZE OF BUILDING:          9,930 SF ABOVE GROUND (4,965 SF FINISHED BASEMENT)

UTILITIES-

WATER:         MUNICIPAL

SEWAGE:      MUNICIPAL

ELECTRIC:    MUNICIPAL

HEAT:                       2 ROOF MOUNTED UNITS FOR OFFICES

OFFICE DESCRIPTION:  THE PROPERTY HAS 8 SINGLE OFFICES, 1 SHARED OFFICE, 4 RESTROOMS, A FORMER COMMERCIAL KITCHEN, AND SMALL WAITING AREA.  TFT VINYL FLOOR COVERINGS, DRY-WALLED,

FLOORING:             CONCRETE SLAB

LIGHTING:              FLUORESCENT/INCANDESCENT

CLEAR HEIGHT:   9’

CONSTRUCTION: CONCRETE BLOCK

SHAPE:                     RECTANGLE

ZONING:                   C-5

PARKING:               ASPHALT PARKING IN BACK.  ASPHALT DRIVEWAY ON BOTH EAST AND WEST SIDE OF PROPERTY

ALL SEALED BIDS MUST BE ACCOMPANIED BY $5000.00 EARNEST MONEY IN CERTIFIED FUNDS.  BIDS WITHOUT EARNEST MONEY WILL NOT BE CONSIDERED.  IF YOU ARE NOT THE WINNING BIDDER, EARNEST MONEY WILL BE IMMEDIATELY RETURNED TO YOU

Disclaimer

In April of 2004 an incident report was filed with the Indiana Department of Environmental Management (IDEM) by attorneys representing Flexdar, Inc., a company that operated at 1825 W. 18^th, a property located three blocks away from the subject property.  The substances identified in the report were TCE and Dicloroethene, with presence in the soil and in the groundwater at the 18^th Street site.

A responsible party (insurance company) has been identified and is implementing an IDEM approved Voluntary Remediation Program (VRP) for cleanup of the site and other affected areas.  As part of the VRP, IDEM has directed that nearby sites be tested for vapor intrusion.  In the subject property’s case, the testing would be below three areas of the basement slab.  In the event that vapors from Flexdar’s chemicals are present in a quantity sufficient to be of concern, the remediation process would fall under the VRP.

Should it be required,  the remediation of 1718 W. 15^th Street would be similar to what is done with a home that has Radon intrusion.  A vacuum is created under the slab to draw vapors to an evacuation system.  The vapors are then vented to the exterior of the building via pvc piping and discharged near the top of the building.  

IDEM has confirmed that the Flexdar responsible party would implement this remediation if needed, and that none of the remediation costs, if any are required, would be borne by the owner of 1718 W. 15^th Street.