TIMED ONLINE REAL ESTATE AUCTION - 11.91+/-ACRES OFFERED IN 1 TRACT IN ST JOSEPH COUNTY, INDIANA

Open house / inspection dates

Tuesday November 17, 2026 from 11am-1pm
Tuesday December 1, 2026 from 11am-1pm

Property location

Lincoln Way East, Mishawaka, IN 46544
Located approximately .3 mile east of intersection of Bittersweet & Lincoln Way East. Adjacent to Beacon Health whose address is 5314 Lincoln Way East.

Auction location

TIMED ONLINE ONLY

Property description

This property is zoned S-2 PUD which allows a wide variety of commercial/industrial/residential uses. Municipal utilities are available including gas and electric at the street. Rare opportunity to purchase prime real estate at your price. Investigate the opportunities of this property and be prepared to bid your price.

Area map

Tract map

Area map

Terms

PROCEDURES: The property will be offered in 1 individual tract. The property will be offered as a timed online only auction. Minimum bidding increments will be predetermined.

PURCHASE DOCUMENTS; OFFER: After the bidding closes, an offer to purchase the Property for the amount of the final high bid will be completed by the Auction Company & delivered to the high bidder ("Buyer") who shall sign & return the purchase offer to the Auction Company. The offer will be in the form of the purchase documents posted to the auction website prior to the commencement of bidding.

ACCEPTANCE & FINAL APPROVAL: The final high bid will be subject to the Seller's acceptance.

BUYER'S PREMIUM: A 3% Buyer's Premium will be added to the final bid price & included in the contract purchase price.

PAYMENT: Buyer shall deliver an earnest money deposit to Auction Company in the amount of 10% of the purchase price. The earnest money may be delivered by check or wire transfer, but it must be received by Auction Company on or before 3pm Thursday, December 17, 2026. The balance of the purchase price will be due in cash at closing. Bids are not contingent on financing. Each bidder is responsible for having arranged any financing prior to bidding.

CLOSING: The targeted closing date will be approximately 30 days after the auction. The closing agent's fee for administering the closing (up to the amount normally charged for a cash closing) will be shared equally (50:50) between Buyer & Seller. Buyer will pay 100% of any closing fees and/or costs related to or resulting from any Buyer financing.

REAL ESTATE TAXES: Real Estate taxes will be prorated to the date of closing.

POSSESSION: Possession will be delivered at closing.

DELIVERY OF TITLE: The property will be conveyed by Trustee's Deed, subject to all easements & other Permitted Exceptions as defined in the purchase documents.

TITLE INSURANCE: At closing, Seller will pay for the cost of issuing a standard coverage owner's title insurance policy to Buyer. Preliminary title insurance chedules will be available to review before the auction & Buyer will receive a Final Title Commitment before closing.

SURVEY: It is expected that the sale will be completed without obtaining a new survey. In any event, a new survey will be obtained if & only if obtained in accordance w/ the terms of the purchase documents. The cost of any such survey will be shared equally by Seller & Buyer.

TRACT MAPS; ACRES: Advertised tract maps & acres are approximations based on the county GIS map, the recorded plat, & tax parcel data. They are not provided survey products.

PROPERTY INSPECTION: Inspection dates and/or information events will be held as advertised. Seller & Auction Company disclaim any responsibility for the safety of prospective bidders & other persons during any on-site inspection. No person shall be deemed an invitee solely by virtue of the property being offered for sale.

NO CONTINGENCIES OR WARRANTIES: The sale will not be contingent upon the results of any post-auction inspection, investigation or evaluation of the Property or upon Buyer's ability to obtain any loan or permit. Information in the marketing materials is provided without warranty. Seller & Auction Company assume no liability for any inaccuracies, errors or omissions. It is the responsibility of any prospective Buyer to conduct their own due diligence & independently verify all information. Buyer will be responsible for having completed all due diligence prior to bidding. All sketches & dimensions in the brochure are approximate.

BUYER WILL ACQUIRE THE PROPERTY "AS IS", WITHOUT ANY WARRANTY OF ANY KIND AS TO ITS CHARACTER OR CONDITION OR ITS SUITABILITY FOR ANY PARTICULAR USE OR PURPOSE.

AGENCY: Schrader Real Estate and Auction Company, Inc. & its affiliated agents are agents of the Seller only.

CONDUCT OF AUCTION: The conduct of the auction & increments of bidding will be at the direction & discretion of the Auction Company. Seller & its agents reserve the right to preclude any person from bidding if there is any question as to the person's identity, credentials, fitness, etc.

CHANGES: All statements in the marketing materials are subject to change. The final bidding procedures & auction terms will be set forth in the purchase documents posted to the auction website prior to the commencement of bidding. Any other statement (written or oral) shall be subject to & superseded by the provisions of the purchase documents.

Documents & downloads

• pdfAuction Brochure