johns-famous-stew-real-estate
Auction #195865

Johns Famous Stew Real Estate

Former Johns Famous Stew Real Estate Auction

FORMER JOHN'S FAMOUS STEW REAL ESTATE ONLINE AUCTION 1144 KENTUCKY AVE INDIANAPOLIS, IN 46122 STARTS: SEPTEMBER 20 ENDS OCTOBER 26TH @1PM WITH 3 MINUTE SOFT CLOSE  PROPERTY INFO- TOTAL ACREAGE: +/- .41 AC NUMBER OF BUILDINGS: 1 COUNTY: MARION CITY: INDIANAPOLIS PARCEL NUMBERS: 49-11-10-129-004.000-101 BUILDING INFORMATION- DATE OF CONSTRUCTION: 1950 TOTAL LAND AREA: BASED ON...

Bidding Starts:
Wed, Oct 6th
12:00 AM America/Indiana/Indianapolis
Lots Start Closing:
Tue, Oct 26th
1:00 PM America/Indiana/Indianapolis
Category:
Real Estate > Commercial
Type:
ONLINE

Description

FORMER JOHN'S FAMOUS STEW REAL ESTATE ONLINE AUCTION

1144 KENTUCKY AVE
INDIANAPOLIS, IN 46122

STARTS: SEPTEMBER 20
ENDS OCTOBER 26TH @1PM WITH 3 MINUTE SOFT CLOSE 

PROPERTY INFO-

TOTAL ACREAGE: +/- .41 AC
NUMBER OF BUILDINGS: 1
COUNTY: MARION
CITY: INDIANAPOLIS
PARCEL NUMBERS: 49-11-10-129-004.000-101
BUILDING INFORMATION-

DATE OF CONSTRUCTION: 1950
TOTAL LAND AREA: BASED ON ASSESSOR DATA: +/- .41 AC

TOTAL SQ/FT: 4,864 SF PLUS 700 SF BASEMENT

IMPROVEMENTS:

PARKING: 11,000 SF

CONSTRUCTION TYPE: TWO-STORY WOOD-FRAME AND MASONRY BLOCK

FOUNDATION: CONCRETE

ZONING: I-3 MEDIUM INDUSTRIAL DISTRICT

Additional Details:
Nearest MSA: Indianapolis-Carmel-Anderson
County: Marion
Tax ID/APN: 49-11-10-129-004.000-101
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Kentucky Ave
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1950
Roof Type: Flat
Construction/Siding: Stucco
Total Parking Spaces: 35
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: I-3
Water Service: Municipal
Sewer Type: Municipal

Auction Terms of Sale
THESE PREMISES ARE OFFERED upon the following terms and conditions:

1. The Purchase Price will be determined by online bidding. A $3,000.00 deposit is required to bid. Bidding will begin on August 20th, 2021. Bidding will conclude on October 26th, 2021, at 1:00pm EDT. If bids are made within three minutes of the ending time, the auction will automatically be extended for another three minutes, until no more bids are placed. Seller has the right to accept or reject any bids within three (3) business days following the conclusion of the auction.

2. Purchaser will be required to pay a non-refundable earnest money deposit of ten percent (10%) of the Purchase Price, which will be held by title company (“Deposit”). The Deposit will be paid as follows: $3,000.00 cashier’s check or wire transfer, to Auctioneer, prior to bidding; The balance to 10% of the total purchase price is to be paid within three business days after Seller approval, to title company. The Deposit will be refunded only if you are not the high bidder, or if Seller rejects your bid.

3. The balance of the Purchase Price is to be paid at the time and place of closing, to be determined by the Seller, within 30 days after Seller approves the high bid(s). If the Purchaser is not ready to close title by the scheduled closing date, any adjournment granted at the request of the Purchaser shall be only upon the provision that all prorations and adjustments shall be as of the scheduled closing date.

4. The Real Property is sold, and the Purchaser agrees to accept the Real Property “as is” in its present condition in all respects, subject to utility easements, zoning ordinances, and any other restrictions of record. No warranties as to physical condition, environmental condition, habitability, suitability to particular purpose, tenancies, or compliance with any laws, codes or ordinances, including those relating to water supplies and septic systems (“Deficiencies”) are made by the Seller, unless specifically stated herein. Cost and responsibility for curing Deficiencies, if any, is the Purchaser’s, and the correction or cure of any Deficiencies shall not be a condition of this sale or in any way affect Purchaser’s obligations under these Terms of Sale. Any inspections by Purchaser or his/her/their representatives shall be at Purchaser’s expense and for his/her/their information only.

5. Rentals, water and sewer charges and any other matters appropriate for prorating and adjustment shall be prorated between the Seller and the Purchaser at the time of closing. Any installments for local improvements not due and payable at the time of closing shall be paid for by the Purchaser as they thereafter become due. Real estate taxes will be prorated to the date of closing. Closing fees, if any, will be shared equally between Seller and Purchaser.

6. The Seller shall be required at his own expense to furnish to the Purchaser at least ten (10) days prior to the date of closing, a preliminary binder of title insurance by a recognized title company, showing good and marketable or insurable title. At the time of closing herein, the Seller shall tender to the Purchaser a deed to said premises free and clear of all liens and encumbrances except for easements, restrictions, and covenants of record together with an owner’s policy of title insurance. The title company shall act as closing agent with respect to the closing of this sale, and hold the earnest money Deposit(s) made on account.

7. If the Purchaser fails to comply with these terms of sale the Deposit made on account hereof shall be forfeited, and the Seller shall be entitled to pursue all other available legal and equitable remedies against Purchaser, including but not limited to holding Purchaser liable for any deficiency resulting from a subsequent resale.

8. This sale is not contingent upon the ability of the Purchaser to secure financing, sell another Real Property or any contingencies whatsoever except as provided in paragraph 6.

9. This sale agreement shall be governed by, and construed in accordance with, the laws of the State of Indiana.

10. In the event of any litigation arising out of this sale, this agreement or any breach thereof, the successful party in any litigation shall be entitled to attorney fees and all costs of litigation.


 

Dates

Bidding Dates
Wednesday
6
Oct '21
at
12:00 AM
America/Indiana/Indianapolis
Tuesday
26
Oct '21
at
01:00 PM
America/Indiana/Indianapolis
Preview Dates
Pre-bidding Dates
Checkout Dates

Terms

Auction Terms of Sale
THESE PREMISES ARE OFFERED upon the following terms and conditions:

1. The Purchase Price will be determined by online bidding. A $3,000.00 deposit is required to bid. Bidding will begin on August 20th, 2021. Bidding will conclude on October 26th, 2021, at 1:00pm EDT. If bids are made within three minutes of the ending time, the auction will automatically be extended for another three minutes, until no more bids are placed. Seller has the right to accept or reject any bids within three (3) business days following the conclusion of the auction.

2. Purchaser will be required to pay a non-refundable earnest money deposit of ten percent (10%) of the Purchase Price, which will be held by title company (“Deposit”). The Deposit will be paid as follows: $3,000.00 cashier’s check or wire transfer, to Auctioneer, prior to bidding; The balance to 10% of the total purchase price is to be paid within three business days after Seller approval, to title company. The Deposit will be refunded only if you are not the high bidder, or if Seller rejects your bid.

3. The balance of the Purchase Price is to be paid at the time and place of closing, to be determined by the Seller, within 30 days after Seller approves the high bid(s). If the Purchaser is not ready to close title by the scheduled closing date, any adjournment granted at the request of the Purchaser shall be only upon the provision that all prorations and adjustments shall be as of the scheduled closing date.

4. The Real Property is sold, and the Purchaser agrees to accept the Real Property “as is” in its present condition in all respects, subject to utility easements, zoning ordinances, and any other restrictions of record. No warranties as to physical condition, environmental condition, habitability, suitability to particular purpose, tenancies, or compliance with any laws, codes or ordinances, including those relating to water supplies and septic systems (“Deficiencies”) are made by the Seller, unless specifically stated herein. Cost and responsibility for curing Deficiencies, if any, is the Purchaser’s, and the correction or cure of any Deficiencies shall not be a condition of this sale or in any way affect Purchaser’s obligations under these Terms of Sale. Any inspections by Purchaser or his/her/their representatives shall be at Purchaser’s expense and for his/her/their information only.

5. Rentals, water and sewer charges and any other matters appropriate for prorating and adjustment shall be prorated between the Seller and the Purchaser at the time of closing. Any installments for local improvements not due and payable at the time of closing shall be paid for by the Purchaser as they thereafter become due. Real estate taxes will be prorated to the date of closing. Closing fees, if any, will be shared equally between Seller and Purchaser.

6. The Seller shall be required at his own expense to furnish to the Purchaser at least ten (10) days prior to the date of closing, a preliminary binder of title insurance by a recognized title company, showing good and marketable or insurable title. At the time of closing herein, the Seller shall tender to the Purchaser a deed to said premises free and clear of all liens and encumbrances except for easements, restrictions, and covenants of record together with an owner’s policy of title insurance. The title company shall act as closing agent with respect to the closing of this sale, and hold the earnest money Deposit(s) made on account.

7. If the Purchaser fails to comply with these terms of sale the Deposit made on account hereof shall be forfeited, and the Seller shall be entitled to pursue all other available legal and equitable remedies against Purchaser, including but not limited to holding Purchaser liable for any deficiency resulting from a subsequent resale.

8. This sale is not contingent upon the ability of the Purchaser to secure financing, sell another Real Property or any contingencies whatsoever except as provided in paragraph 6.

9. This sale agreement shall be governed by, and construed in accordance with, the laws of the State of Indiana.

10. In the event of any litigation arising out of this sale, this agreement or any breach thereof, the successful party in any litigation shall be entitled to attorney fees and all costs of litigation.