AUCTION IS OVER

TOTAL SOLD: $235,000

Tract(s): 1-4

@ $235,000

Own property nearby? These are real results from this sale, not estimates. Ask Jerry Ehle and Justin Griffin, who managed this auction, what your property would bring in today's market. There is no obligation.

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• 3515/3519 WAYNE TRACE FORT WAYNE IN • HOME & BUILDING SITES • INDUSTRIAL/COMMERCIAL SPACE • ALLEN COUNTY IN

OPEN HOUSE/INSPECTION DATES

Thursday June 19, 2025 from 4-6pm
Monday June 23, 2025 from 4-6pm

PROPERTY LOCATION

3515/3519 Wayne Trace, Ft Wayne, IN 46806

AUCTION LOCATION

Firehouse Reception Hall
3322 Honway Ct, Ft Wayne, IN 46806

PROPERTY DESCRIPTION

1.4+/- Acres in Allen County zoned Commerical/Industrial and residential.

TRACT DESCRIPTIONS

Tract 1: 0.6± ac Zoned Industrial! This fenced-in commercial space has a lot to offer. The front of the property has an all brick attached home. This home features a 2-bedroom 1 bathroom, living room and kitchen while sitting on a basement. It also has an arched doorway with brick front. This home needs some TLC but would make a great space off of your shop office. The 30x26 heated office space is just off the home. This space has concrete floors, peg board wall with shelving, and a brick wall. The office has one overhead door and one-man door for access. The main commercial space features concrete floors, 3 overhead doors, brick walls, a 1 bedroom, 1 bathroom, 1 kitchen and 1 living area above the workspace that would make a great break room or home (needs work). This commercial space has 400- amp 3 phase electrical coming into the building. This has the potential to run large compressors and machinery. 2 separate service panels are in the main building. This space is also heated with a Reznor heater and thermostat by Dayton. The space has many opportunities from storage to a machine shop or auto mechanics shop

Tract 2: 0.2± ac This 3 bedroom 1 bathroom home is in a great location. Located across from McMillian park. The home has character starting with the front porch and continuing with the old style wood working separating the living room and sitting room. There are two bedrooms upstairs and one bedroom on the main floor. There is potential in this home! Great parking in the back off a quiet road with a back door entrance to the home.

Tract 3: 0.3± ac Zoned commercial land, this land could be open to many different options to potentially build. This land has road frontage off Eastway Dr.

Tract 4: 0.3± ac Zoned commercial land, this land could be open to many different options to potentially build. This land has road frontage off the busy Oxford St and a great potential business or commercial building.

TRACT MAP(S)

Tract map - COMMERCIAL REAL ESTATE AUCTION - 1.4+/-ACRES OFFERED IN 4 TRACTS IN ALLEN COUNTY INDIANA

AREA MAP(S)

Area map - COMMERCIAL REAL ESTATE AUCTION - 1.4+/-ACRES OFFERED IN 4 TRACTS IN ALLEN COUNTY INDIANA

PROCEDURE: The property will be offered in FOUR (4) individual tracts, any combination of tracts & as a total 1.4+/- acres. There will be open bidding on all tracts & the combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations & the total property may compete. The property will be bid in a manner resulting in the highest total sale price.

DOWN PAYMENT: 10% down payment at close of the 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, & 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. The terms of this agreement & any addendum are non-negotiable.

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(s).

CLOSING: The balance of the real estate purchase price is due at closing, which is targeted to take place on or before July 28nd, 2025.

POSSESSION: Buyer(s) shall receive possession at closing.

REAL ESTATE TAXES: Real estate taxes will be pro-rated to the date of closing.

DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, & due diligence concerning the property. Inspection dates have been scheduled & will be staffed with auction personnel. Further, Seller disclaims any & all responsibility for Bidder's safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

TRACT MAP(S) & ACREAGE: All tract map(s), tract acreage, dimensions & proposed boundaries are approximate & have been estimated based on current legal descriptions and/or aerial photos. They are not provided as survey products & are not intended to depict or establish authoritative boundaries or locations.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller & successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller's option & sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

EASEMENTS: All real estate is being sold subject to any existing recorded easements.

AGENCY: Schrader Real Estate and Auction of Fort Wayne, LLC & its representatives are exclusive agents of the Seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & 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 & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & Selling Agents reserve the right to preclude 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.