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Church Facility Real Estate Auction
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6560+/- Square Feet of Sanctuary, Office, Classrooms, Kitchen, Nursery with Restroom & Storage Area
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Prime Location
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Modern Church
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Property on 4.2+/- Acres with excellent accessibility
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Room for Potential Expansion
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Great Location Near Harrison Elementary School
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Shopping & Movie Theatre just off of US 30
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Sealed Bid Deadline: Wednesday, December 4 @ 12 Noon
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Private Live Auction: Thursday, December 5 @ 1PM
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Sealed Bid with qualified sealed bidders returning for live competitive bidding
Church Facility Real Estate Auction
Warsaw, Indiana, Kosciusko County, Wayne Township
Owner: Indiana-Michigan Mennonite Conference Inc. Wed, Dec 4, 2013 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Wednesday, November 13, 10-12:00 NOON
Friday, November 15, 10-12:00 NOON
or Call for a private inspection
PROPERTY LOCATION
1250 Husky Trail, Warsaw, Indiana.
At the intersection of US 30 and Parker St., turn North to T (at Menards), then left and follow around past Martins to property on the Right.
AUCTION LOCATION
Held Onsite
PROPERTY DESCRIPTION
Spacious 6560+/- square foot Church Facility located in the city of Warsaw.
The Sanctuary/theatre area is approximately 2860± square feet with the remaining (3700+/-) square footage dedicated to classroom, office, kitchen, restroom and storage space. Many items such as chairs, tables, desks, office items will be included with the property. Any items remaining in the facility at bid deadline will become the property of the buyer. The property has well and sewer.
This property will have a deed restriction with regard to a 7 year requirement the property remain a Church facility.
Note: Bidding starts at $320,000.00. The top four acceptable bidders shall be invited to return for live private bidding on Thursday, December 5th, 2013 at 1:00 PM (private auction to be held on site).
To receive bidder packets call or email the sale managers at 1-800-659-9759, [email protected] or [email protected]
or visit our website at www.schraderauction.com
Sealed Bid Deadline: Due Wednesday, December 4th at 12 NOON
AREA MAP
TRACT MAP(S)
PLAT MAP(S)
SEALED BID MATERIALS: This Property Information/Bidders Packet has been prepared which provides general instructions and contains basic property information and all forms necessary to submit a sealed bid, including legal description, Real Estate Purchase Agreement, title report, plats, and property details. Prospective bidders are advised to review all information available from broker, seller and other sources prior to submitting a bid. Materials provided to bidders are for informational purposes only and may not be relied upon. It is highly recommended and encouraged that each bidder independently verify all information and perform his/her own physical inspection of the property.
TERMS AND CONDITIONS:
CONDITION: Broker, Sellers, and their respective officers, employees, and agents offer the property in an as-is, where-is condition, with all faults. The sale of the property is subject to any and all easements of record.
FINANCING: Bidding is not conditional upon financing.
DEED: Sellers shall provide a proper deed.
EVIDENCE OF TITLE: Sellers shall provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place 15 days after proof of merchantable title.
OFFER REQUIREMENTS: All offers must be sealed and the name and address of the offering party must appear on the outside front of the envelope. Offers must be in writing on the enclosed Agreement to Purchase Real Estate and Addendum A provided by the Auction Company in the Bidders Packet, and must be received by Schrader Real Estate and Auction Company, Inc. 7032 N 400 W, Leesburg, IN. 46538 on or before Wednesday, December 4th at 12:00 NOON. Bidder may deliver or use overnight delivery service.
ALL OFFERS MUST BE ACCOMPANIED by a Cashiers Check, personal or corporate check, in the amount equal to ten percent (10%) of the bid price. For pre-closing possession, buyer can put an additional ten percent (10%) of the final bid price down. Checks must be payable to Schrader Real Estate and Auction Company, Inc. Escrow. The check will be deposited only if bid is accepted. Checks submitted with unacceptable bids will be returned within three (3) business days after the bids are rejected, but no later than.
The top four bidders submitting bids of $320,000.00 or more may return for live competitive bidding on Thursday, December 5th at 1:00 PM. In the event that there are not at least 2 acceptable bids on the property, the Owner may accept the high bid, without live competitive bidding.
Qualified bidders will be notified by 4:00 PM on Wednesday, December 4th, 2013.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY included in the bidder information packet and AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. Tract acreage has been estimated based on aerial photographs. The property is being sold on an 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. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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.
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