(3) INCOME PROPERTIES
MULTI-TENANT OFFICE, MEDICAL/OFFICE BUILDING, DUPLEX (OFFERED IN 3 TRACTS, COMBINATIONS, AND THE ENTIRETY)
REAL ESTATE AUCTION
TUESDAY, MAY 21, 2019 at 5:30 PM CT
(3) INCOME PROPERTIES
MULTI-TENANT OFFICE, MEDICAL/OFFICE BLDG, DUPLEX
(OFFERED IN 3 TRACTS, COMBINATIONS, AND THE ENTIRETY)
William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to Piper Properties, LLC. The real estate is described as follows, to-wit; a multi-tenant office building located at 1133 W. Mill Road; a medical/office building located at 1137 W. Mill Road; and a duplex property located at 1139-1141 W. Mill Road. All located in Center Township, Vanderburgh County, Evansville, IN 47710.
- 2.07+ ACRES
- 8,049 SF FORMER MEDICAL CLINIC
- 20-UNIT MULTI-TENANT OFFICE
- 1996-CONSTRUCTED DUPLEX — GOOD INCOME
- ZONED CO-2
- GOOD RENT ROLLS
- FRONTAGE ON WEST MILL ROAD
- NEAR NORTH PARK SHOPPING
- OFFERED IN 3 TRACTS, COMBINATIONS, AND THE ENTIRETY
- Tract 1 – Multi-Tenant Office Building
- Located at 1133 W. Mill Rd.
- Tract 2 – Medical/Office Building
- Located at 1137 W. Mill Rd.
- Tract 3 – Duplex
- Located at 1139-1141 W. Mill Rd.
INSPECTIONS: Held on-site at Tract 2 – 1137 W. Mill Rd.
Thursday, May 9, 12-1 PM (CT)
Wednesday, May 15, 12-1 PM (CT)
AUCTIONEER’S NOTE: Solid investment opportunity with good income history. Diversify your portfolio with this offering. Plan to inspect these properties and attend on auction day.
PROCEDURE: The real estate will be offered in (3) three tracts. There will be open bidding during the auction as determined by the Auctioneer. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. All decisions of the Auctioneer are final.
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. Bidders should arrange for financing, if needed, and be capable of paying cash at closing.
ACCEPTANCE OF BID: Successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is subject to the seller’s acceptance or rejection.
BUYER’S PREMIUM: A 7% Buyer’s Premium will be added to the high bid to determine the contract sale price.
DEED: Seller shall provide a sufficient deed 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 of real estate shall be delivered to the buyer at closing.
REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyer beginning with the taxes due and payable in November 2019 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 should make his/her own independent determination of acreage prior to bidding.
SURVEY: If a survey is deemed necessary to establish a new legal description, the cost of the survey will be shared 50/50 between the seller and buyer.
TENANCY DISCLAIMER: Properties identified as occupied may be occupied by one or more third parties. It shall be the sole responsibility of the buyer prior to bidding or closing on the property to conduct his/her own investigation as to the occupancy of the property. Prospective bidders shall not have any contact with current occupants of the property without seller’s written consent until after close and funding. As part of this contract, and as set forth in the attached addendum to purchase agreement for occupied properties, buyer is assuming the responsibility of all occupants and/or tenants and any expenses therewith, including, but not limited to, any security deposits or pre-paid rent as set forth in the addendum. Buyer shall defend, indemnify and hold harmless agents, auctioneers, attorneys, sellers and representatives from and against any claims, demands, actions or expenses arising out of any action concerning security deposits and for any eviction or unlawful detainer or other litigation arising out of occupancy, tenancy or lease of the property.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence. 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, INC., 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.
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, drawings (surveys, proposed plans, and floor plans), easements, miscellaneous documentation, and an auction postcard!
DIRECTIONS: North First Avenue to West on Mill Road. Watch for Signs.