• Bidding Opens Tuesday, June 6th at 10AM & Closes Thursday, June 8th at 4PM • 113,256 Sq. Ft. or 2.6+/- Acres • US 6 & Michigan Rd (Old US 31) • Major Highway Intersection
TIMED ONLINE ONLY PRIME ZONED HIGHWAY COMMERCIAL DISTRICT REAL ESTATE AUCTION
LaPaz, IN - Marshall County, IN
Owner: Sharon J. Balka, Susan K. Good, David L. Albert & Susan Albert Thu, Jun 8, 2023 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Wednesday, May 17 from Noon-2pm EST & Thursday, June 1 from 2-4pm EST
PROPERTY LOCATION
Northwest corner of US 6 & Old US 31 (Michigan Road) between South Bend - Plymouth - Nappanee - Northwest Indiana
1+/- Mile South Of LaPaz, 7+/- Miles North Of Plymouth, 8+/- Miles West Of Bremen, & 15+/- Miles South Of South Bend
AUCTION LOCATION
Timed Online Only.
PROPERTY DESCRIPTION
POSSIBLE PERMITTED USES IN HIGHWAY COMMERCIAL DISTRICT FOR MARSHALL COUNTY:
UTILITIES:
2021 DAILY TRAFFIC COUNTS:
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered at online only auction. Minimum bidding increments will be predetermined.
DOWN PAYMENT: 10% 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, cashier's check, personal check, or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, & are capable of paying cash at closing.
ACCEPTANCE OF BID PRICE: The Successful Bidder will be required to enter into a purchase agreement immediately following the close of the auction. The sellers have a right to accept or reject any or all bids.
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. The targeted closing date will be approximately 30 days after the auction. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession at closing.
REAL ESTATE TAXES: Real estate taxes shall be prorated to day of closing.
ACREAGE: 113,256 SF (2.6+/- acres) based from Albert Michigan Road Minor Subdivision.
SURVEY: A new survey has been ordered & the cost will be shared equally (50:50) by Sellers & Buyer.
AGENCY: Schrader Real Estate and Auction Company and its agents are exclusive agents of the Seller.
DISCLAIMER & ABSENCE OF WARRANTIES: All info contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on "AS IS, WHERE IS" basis, & no warranty or representation, either expressed, or implied, concerning the property is made by the Seller or Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for the conduct of his or her own independent inspections, investigations, inquires, & due diligence concerning the property. The info contained in the brochure is subject to verification 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 & increments of bidding are at the discretion of the Auction Company. The Seller & Selling Agents reserve the right to prelude any person from bidding if there is any question as to the person's 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.
