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Development Land in Bedford, IN

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On-Site Auction

Wednesday, May 2nd
1:00 PM (ET)

Auction Details

This 1.29 acre lot sits behind Lowe’s just 1/2 mile from the Hwy 37/US Hwy 50 intersection between Stevens Avenue and Highway 37. It is currently zoned B-3 which allows a wide range of uses which include retail, medical, restaurant, service-based businesses, office, hotel/motel, school, and many others. The property is surrounded by 4 apartment complexes with 200+ total units, which equates to more than 400 – 600 potential patrons at an average occupancy of 2-3 residents per unit.

Pre-auction offers can be considered, if you’d rather not wait until the auction to purchase this property.

Additional information on the property along with the auction terms are available for download below.

Auction Address: 2000 Stevens Avenue, Bedford, IN 47421

Address 1900 Block of Stevens Avenue, Bedford, IN 47421
Zoning B-3 (Planned Business District)
Parcel Number 47-06-21-100-096.000-010
Lot Size 1.29 acres
Frontage Area 152′ on Highway 37 / 150′ on Stevens Avenue
Building Size Site is undeveloped.  No buildings.
Assessed Tax Value $30,400
Annual Taxes $912.00 (2017 pay 2018)
Other Pertinent Data Property sits between the Laurelwood Court and Pines Apartments.
  Permitted uses include retail stores, service shops, offices, restaurants, clinics, hotel/motel, school/pre-school, tavern.
   
General Auction Terms
Required Down Payment $5,000 cash or cashier’s check.  Must be brought up to 10% of bid price within 3 business days, May 7, 2018.
Closing Time Closing must occur on or before May 31, 2018.
Tax Administration Property taxes prorated to date of closing.
Buyer’s Premium 10%

For more information, contact our office:
(317) 353-1100 (Office)
info@keyauctioneers.com

Key Terms
10% buyers premium will be collected
Licenses: Seth Seaton: AU10900115 Auction Co: AC30900124
Seller: Salin Bank & Trust Co. 

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