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Westwood Country Club & 21+ Acres in Indianapolis, IN

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Live Auction

Saturday, July 28th
10:00 AM (ET)

Preview

Monday, July 16th
11:00 AM – 2:00 PM (ET)

Auction Details

The Westwood Country Club is ready for a new owner with a fresh vision for the potential of these 21+ wooded acres which sit less than a mile from I-465 & W. 10th St. (Exit 14). The property is bordered by Eagle Creek and surrounded by residences, making this property prime for multi-family redevelopment or as a private single-family residence. Westwood CC is a gem as a wooded & park-like pocket of over 21 acres. Come walk the trails, enjoy the natural vegetation, fish on the banks of Eagle Creek and start making your plans for the property!

“The Reserve at Westwood” is a 105-unit, 55 & older, multi-family development which has already been approved. The Site Plan and Statement of Commitments is available for download below.
Additional documentation is available for download below.

Property & Auction Address:
1501 N High School Rd, Indianapolis, IN 46224

Address (Primary) 1501 N. High School Rd., Indianapolis, IN 46224
Zoning DP (Planned-Unit Development)
Parcel Numbers 49-05-36-107-006.000-982; 49-05-36-107-009.000-982; 49-05-36-114-003.000-982
Lot Size 21.04 acres
Frontage Area 1,175′ +/- on High School Rd. / 1,175′ +/- on Eagle Creek
Parking Lot Paved asphalt, in need of repair
Assessed Tax Value $272,700 (2018)
Annual Real Estate Taxes $9,135.44 (2017 pay 2018)
Annual Storm Water $1,530.00 (2017 pay 2018)
Other Pertinent Info Approved for “The Reserve at Westwood”; a 30-lot, 105-unit, multi-family development.
  Eagle Creek is approx. 1,175′ of the Eastern property line.
  Swimming Pools – 50M Outdoor w/ Dive Well & 25M Indoor
  Walking trails throughout wooded acreage & beautiful vegitation.
  0.5 mile from Lowe’s, Walmart Neighborhood Market & I-465!
Very interesting potential for secluded single-family property with terribly convenient location!
   
Building #1 – Main Facility
Building Size 14,148 sqaure feet (7,561 SF – upper / 6,587 SF – lower)
Construction Type Concrete block masonry
Roof Type Flat membrane
Year Built 1954
Other Pertinent Info Building heavily vandilized.
  Facilities include offices, rec rooms, food service area, banquet hall and men’s & women’s locker rooms with sauna and hot tub in each.
   
Building #2 – Indoor Pool
Building Size 6,840 square feet
Construction Type Steel framed, clear-span
Roof Type Pitched metal sheeting
Year Built 1961
Other Pertinent Info Building & pool equipment heavily vandilized.
  Specifically built to house a 25M indoor pool.
General Auction Terms
Required Down Payment $25,000 cashier’s check, brought up to 10% within 3 business days.
Closing Time 30 days after auction (August 27, 2018)
Tax Administration Buyer’s first tax liability to be the November, 2018 installment.
Buyer’s Premium 10%

Licenses: Seth Seaton: AU10900115 Auction Co: AC30900124
Seller: Westwood Club, LLC

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