Thursday, April 09,2009 02:00 PM  thru  04:00 PM
Wednesday, April 22,2009 02:00 PM  thru  04:00 PM
Friday, May 01,2009 12:00 PM  thru  02:00 PM

Just west of the corner of US 30 and Lincolnway on the northwest side of Columbia City. Access from Depoy Drive. Address: 1040 W Depoy Drive, Columbia City, IN.

On Site.

There are 2 model homes on the property, a 7,584 sq. ft., 4 bedroom, 2-story with full basement and a 5,396 sq. ft., 3 bedroom, single-level ranch with a full basement. Both of these homes are showplaces of construction. Come see the floor plans and quality craftsmanship. Consider residential use or mixed commercial.
Site includes asphalt paved parking for approximately 22 vehicles. A great opportunity for a business or investor on this lot - frontage on two sides! The property is serviced by city water and sanitary sewer. Permitted use for residential and commercial.

RESTRICTIONS
The following permitted uses under the General Business District in the Columbia City Zoning Ordinance (adopted June 05, 1995) , will not be allowed on the Lots in this Addition:

1. Farm implement and construction (machinery) building. New or used and service building.

2. Truck service center.

3. Storage warehouse - including self-service storage facility (mini-warehouses).

All utility and drainage easements as dedicated on the face of this Plat shall be kept free of all perrnanent structures and the removal of any obstructions by a utility company shall in no way obligate the utility company in damages or to restore the obstruction to its original form.

ABSOLUTE AUCTION: The property will be offered as a single 1.829-acre unit. There will be open bidding as determined by the Auctioneer.
DOWN PAYMENT: 10% down payment on the day of the auction. The down payment may be made in the form of cashier's 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.
ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The property will be sold absolute to the highest bidder.
EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty Deed.
CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an administered closing shall be shared 50:50 between Buyer and Seller. NO PERSONAL PROPERTY is included with the sale of the Real Estate and will be removed prior to closing. In addition, the electronic sign along US 30 is not included.
POSSESSION: Possession will be at closing.
REAL ESTATE TAXES: Real estate taxes will be prorated to the date of closing.
SURVEY: There was a survey and legal description prepared by Walker & Associates in May 2004 which will be used to transfer the property and is sufficient for providing title insurance.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure 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 the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, 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. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents 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. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.