• Property photo 1 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 2 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 3 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 4 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 5 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 6 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 7 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 8 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 9 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 10 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 11 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 12 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 13 - 67 +/- Acres Offered in 3 Tracts
  • Property photo 14 - 67 +/- Acres Offered in 3 Tracts
67 +/- Acres Offered in 3 Tracts

67 +/- Acres Offered in 3 Tracts

St. Joseph County - Warre Township

Owner: South Bend Motor Speedway Wed, Oct 13, 2010 EASTERN

AUCTION IS OVER

• Near US 20/31 Bypass • Commercial, Business, Residential Zoning • Potential Building SItes • Frontage on State Road 2


OPEN HOUSE/INSPECTION DATES

Sunday, Sept. 26 from 2-4 PM & Thursday, Oct. 7 from 4-6 PM
Walk over inspections welcome.

PROPERTY LOCATION

25698 State Road 2, South Bend, IN. 1¼ miles West of US 20/31 Bypass.

AUCTION LOCATION

Warren Township Fire Station #1 at 54837 Quince Road or 1/4 mile North of Lydick (Edison Road) and 2 1/4 miles Northwest of auction property.

TRACT DESCRIPTIONS

Tract 1: 20± ac 600 Ft. of frontage on Grant Road including woods and wildlife. Zoned residential for wooded country home site. Combine Tracts 1 & 2 for 40 acres with potential of residential subdivision.

Tract 2: 20± ac 1,156 ft. of frontage on Peach Road and 753 ft. frontage on Grant Road. Includes scattering of trees with meadow with Residential zoning for one rural home site or subdivision.

Tract 3: 27± ac 410 ft. of frontage on State Road 2 and 1,093 ft. frontage on Peach Road. Includes multi-use zoning of commercial, business and residential with the Former South Bend Motor Speedway. Great exposure and access from State Road 2 and the US 20/31 bypass 1 1/4 mile to the East.


AREA MAP

Satellite area map of the auction location near St. Joseph County - Warre Township

TRACT MAP(S)

Tract map - 67 +/- Acres Offered in 3 Tracts

PLAT MAP(S)

Plat map - 67 +/- Acres Offered in 3 Tracts

AREA MAP(S)

Area map - 67 +/- Acres Offered in 3 Tracts

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts and as a total 67 acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. 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: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers’ acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an owner’s 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 on or before October 26 and presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due for 2010 payable in 2011 and any ditch assessments due in May 2011 and thereafter.

ACREAGE: All boundaries are approximate and have been estimated. Tracts 1 & 2 are each 20 acres and Tract 3 is 27± acres based on current legal descriptions and/or aerial photos.

SURVEY: A new survey will be ordered only if needed for good title insurance policy and the cost of the new survey will be split 50:50 between buyer and seller.

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 â€

None at this time