Tuesday, July 14,2009 05:00 PM  thru  08:00 PM

11913 & 11915 INDIANAPOLIS ROAD YODER / FORT WAYNE, INDIANA
(Corner of Indianapolis and Coverdale Roads - Just minutes from I-469 & Fort Wayne International Airport)

AUCTION HELD ON SITE.

Commercial Building - Great road frontage on two roads! Live at home and walk to work! Great Investment Opportunity! Zoned C4, this property offers many business opportunities! Building is 2790 square feet plus basement. Metal exterior with lots of room for parking! Finished interior for great store front business! Interior height is 8ft. City sewer, gas forced air heat!

Residential Home - This is a completely re-finished 1822 square foot home! It has 3 bedrooms and 1-1/2 baths. Home has brand new carpet throughout, new tile floor in kitchen, and dining room. The kitchen has brand new cabinets and countertops. There are brand new bath fixtures in both bathrooms. The home is heated with gas forced air furnace. All appliances are included in the sale!

TOTAL ANNUAL TAXES: $1876 with no exemptions

PROCEDURE: The property will be offered at public oral auction.
DOWN PAYMENT: $2500 down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers 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. Seller reserves the right to reject any and all bids.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Warranty Deed.
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession day of closing, immediately following the closing.
REAL ESTATE TAXES: Real Estate Taxes will be pro-rated to the day of closing.
SURVEY: A new perimeter survey will be completed only if necessary for closing. The seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.
AGENCY: Schrader Real Estate & Auction Co. of Fort Wayne, LLC., 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 AS IS, WHERE IS basis, and no warranty or representation, either express, 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 conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the 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.