HIGH TRAFFIC LLOYD EXPRESSWAY TRACTS

SEALED BID AUCTION


 BIDS DUE: APRIL 19, 12 NOON (CT)

    • 1.25+ ACRES
    • 3 BUILDINGS TOTALING 12,400+ SF
    • ZONED R-2
    • DAILY TRAFFIC COUNT: 80,000+

SEALED BID AUCTION
Began: 04/16/18 at 12:00 PM CDT
Ended: 04/19/18 at 12:00 PM CDT
Location: 2425 US 41 N, STE 204, EVANSVILLE, IN 47711
INSPECTION
Began: 04/05/18 at 12:00 PM CDT
Ended: 04/05/18 at 1:00 PM CDT
Location: 3001 Igleheart Avenue, EVANSVILLE, IN 47712

INSPECTION
Began: 04/12/18 at 12:00 PM CDT
Ended: 04/12/18 at 1:00 PM CDT
Location: 3001 Igleheart Avenue, EVANSVILLE, IN 47712

INSPECTION
Began: 04/16/18 at 12:00 PM CDT
Ended: 04/16/18 at 1:00 PM CDT
Location: 3001 Igleheart Avenue, EVANSVILLE, IN 47712


SEALED BID AUCTION

HIGH TRAFFIC LLOYD EXPRESSWAY TRACTS

BIDS DUE THURSDAY, APRIL 19, 2018 • 12:00 NOON CT

BID DROP OFF LOCATION:

WILLIAM WILSON AUCTION & REALTY  

2425 US-41N, SUITE 204, EVANSVILLE, IN 47711

William Wilson Auction & Realty, Inc. has been authorized to offer, at Sealed Bid Auction, the properties located at 3001 Igleheart Ave and at 96 N. Barker Ave, Evansville, Indiana.

  • 1.25+ Acres
  • 3 Buildings Totaling 12,400+ SF
  • Zoned R-2
  • Daily Traffic Count: 80,000+

TRACT 1:

  • 6,800+ SF Total Building (5300 SF First Floor, 1500 SF Lower Level)
  • 22,500 SF Lot
  • Zoned R-2

TRACT 2:

  • 780+ SF Residence/Office
  • 4,900+ SF Former Church Building (2600 SF First Floor, 2300 SF Lower Level)
  • 32,224 SF Lot
  • Zoned R-2
  • Lloyd Expressway Frontage

INSPECTIONS: Thursday, April 5, 12-1 PM; Thursday, April 12; 12-1 PM; Monday, April 16, 12-1 PM. All Times (CT)

AUCTIONEER’S NOTE: Unique opportunity to buy high traffic real estate on the Lloyd Expressway for your use or investment purposes.

TRACT 1: 3001 IGLEHEART AVE, EVANSVILLE, IN 47712

The Location:

  • 22,500 SF (0.52 acres) rectangular lot
  • 150′ frontage along the north side of Igleheart Ave
  • Directly across from the ingress/egress lane for west bound HWY 62
  • 8+ Parking Spaces
  • Zoned R-2
  • Daily Traffic Count: 80,000+

The Building:

  • 6,80+ Total SF (5300 SF on Main Level, 1500 SF on Lower Level)
  • Built in 1950

Potential Uses: Church, Office, Residential

See the “Documents” tab for the terms and conditions of the sale, Broker participation form, property detail summary, property cards & reports, tax information, aerials, parcel information & maps, zoning information & maps, additional maps (topography maps, flood zone maps, and traffic count maps), drawings (surveys, proposed plans, and floor plans), easements, miscellaneous documentation, and an auction flyer!

See below the property detail summary table for further information regarding building structure and features.

Address

3001 Igleheart Avenue, Evansville, IN 47712

Zoning

R-2

Tax Parcel Number(s)

82-05-23-019-028.051-025

Building Size(s)

6,800 Total ± SF (5300 first floor, 1500 lower level)

Lot Size(s)

22,500 SF (.52 acres)

Building Style(s)

(1)  Single-Story Plus Lower Level

(2)  Brick and Masonry

Construction Type(s)

Exterior Walls -Brick and Masonry; Interior Walls – Concrete Block with Drywall; Insulation –Assumed Adequate; Flooring – Mix of Carpet, and Concrete.

Foundation

Reinforced concrete slab/foundation

Site Characteristics

Rectangular tract, Sloping towards drainage

Frontage

Approximately 150′ on Igleheart Ave

Roof Type(s)

Flat and bowstring with rubber membrane

HVAC Type(s)

Gas forced air furnaces with Central Air Conditioning Throughout

Ceiling Height(s)

9′ at entry, 11′ in theater, 14′ on at stage with acoustical tile

Utilities

Public Electricity, Gas, Water, Sewer, Phone/Cable

Overhead Doors

None

Year(s) Built

1950

Township

Perry

Assessed Value

$118,400 (2017)

Annual Taxes

Exempt

Required Down Payment

10% of Bid Price

Closing Time

Within Thirty (30) Days

Tax Administration

Real Estate Property Taxes Will Be the Responsibility of the Buyer beginning November 2018 and thereafter.

 

TRACT 2: 96 N BARKER AVE, EVANSVILLE, IN 47712

The Location:

  • 32,225 SF lot (0.74 acres)
  • Approximately 315′ of frontage to the Lloyd Expressway
  • Zoned R-2
  • Daily traffic count:  80,000+

The Church:

  • 4,900 + Total SF (2600 SF First Floor, 2300 SF Lower Level)
  • Built in 1945

The House:

  • 780 SF with Full Basement
  • Built in 1945

Potential Uses: Church, Office, Residential

See the “Documents” tab for the terms and conditions of the sale, Broker participation form, property detail summary, property cards & reports, tax information, aerials, parcel information & maps, zoning information & maps, additional maps (topography maps, flood zone maps, and traffic count maps), drawings (surveys, proposed plans, and floor plans), easements, miscellaneous documentation, and an auction flyer!

See below the property detail summary table for further information regarding building structure and features.

Address

96 N Barker Avenue, Evansville, IN 47712

Zoning

R-2

Tax Parcel Number(s)

82-05-26-018-112.006-025

Building Size(s)

Church- 4,900 +Total SF

House- 780 +Total SF

Lot Size(s)

32,224 SF (.74 acres)

Building Style(s)

Church- Brick and Masonry

House- Masonry and Wood

Construction Type(s)

Church; Exterior Walls – Brick and Masonry; Interior Walls – Drywall/Wood Paneling; Insulation – Assumed Minimal; Flooring – Plywood; Ceiling- Acoustical Tile and Drywall

 

House; Exterior Walls- Masonry and Wood; Interior Walls- Drywall/ Plaster; Insulation- Assumed Adequate; Flooring- Wood and Vinyl Tile; Ceiling- Drywall/ Plaster

Foundation

Concrete Footing and Concrete Block Foundation Walls

Site Characteristics

Irregular in Shape, Sloping towards drainage

Frontage

Approximately 315+ Lloyd Expressway

Roof Type(s)

Church; Composite Shingles

House; Composite Shingles

HVAC Type(s)

Church; Central

House; Central

Ceiling Height(s)

Church; 10.5′

House; 8.5′

Utilities

Public Electricity, Gas, Water, Sewer, Phone/Cable

Overhead Doors

None

Year(s) Built

1945

Township

Perry

Assessed Value

$163,800

Annual Taxes

Exempt

Required Down Payment

10% of Bid Price

Closing Time

Within Thirty (30) Days

Tax Administration

Real Estate Property Taxes Will Be the Responsibility of the Buyer Beginning November 2018 and thereafter

  • PROCEDURE: The real estate will be offered in (2) tracts via sealed bid. Sealed bids shall be submitted to the Auction Company Office by April 19, 2018 at 12:00 NOON (CT).
  • BUYER’S PREMIUM: A 10% Buyer’s Premium will be added to the high bid to determine the contract sales price.
  • DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing.  The down payment may be in the form of cash, cashier’s check, personal check or corporate check.  Bidding is not conditional upon financing. The down payment is non-refundable. Should a buyer default, the down payment shall be divided as follows: 20% to William Wilson Auction Realty; 80% to the Seller.
  • OFFER REQUIREMENTS: All offers must be sealed and the name and address of the offering party must appear on the outside front of the envelope. Offers must be in writing on the appropriate Purchase Agreement provided by the Auction company in the Bidder’s Packet and must be received by WILLIAM WILSON AUCTION & REALTY, 2425 US-41N, Suite 204, Evansville, IN 47711 as mentioned above. Bidder may deliver or use overnight delivery service. Bids to be notified within 24 hours.
  • ALL OFFERS MUST BE ACCOMPANIED BY:

    (a) Sealed Bid Form – available on website www.wilsonauctions.com

    (b) Real Estate Purchase Agreement – the Real Estate Purchase Agreement must be properly completed and signed. Bidders should carefully review the Real Estate Purchase Agreement to be used and any exhibits and addenda to the Real Estate Purchase Agreement.
    (c) A down payment for ten percent (10%) of bid price – check must be payable to William Wilson Auction & Realty. The check will be deposited only if bid is accepted. Checks submitted with unaccepted bids will be returned within three (3) days after the bids are rejected.

  • OFFER AND ACCEPTANCE: The seller reserves the right to request a Best and Final Offer. The successful bidder will be required to enter into a Purchase Agreement upon acceptance. The real estate will sell subject to the Board of Trustees approval.
  • DEED: Seller shall provide Governor’s Deeds conveying title to the property
  • CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title.
  • POSSESSION: Possession shall be delivered to the purchaser(s) at closing subject to any remaining rights of tenant with any rents prorated to the date of the deed.
  • REAL ESTATE TAXES: The real estate taxes will be the responsibility of the Buyer beginning with the taxes due and payable in November 2018 and thereafter.
  • ACREAGE: All tract acreages, dimensions and proposed boundaries outlined on the auction plat and all advertising are approximate and are estimated based on current legal descriptions and/or aerial photos.  Purchaser(s) should make their own independent determination of acreage prior to bidding.
  • SURVEY: If a survey is required to establish a new legal description for any tract, the cost of the survey will be shared 50/50 between the Seller and Buyer.
  • DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in advertising and all related materials are subject to the terms and conditions outlined in the Purchase Agreement.  The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits.  All sketches and dimensions are approximate.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property.

DIRECTIONS: This property is just west of St. Joe Avenue at Barker Avenue. 2.5 miles from downtown Evansville and 2 miles from West Side retail district.

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