+1 (855) 353-1100 info@keyauctioneers.com

4 Commercial Buildings (Totaling 9,896 SF) in Terre Haute, IN

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Property Inspection

Wednesday, February 13
11AM – 2PM (ET)

Onsite Auction

Wednesday, February 27
1PM (ET)

Auction Details

Property & Auction Address: 1500 Lafayette Ave, Terre Haute, IN 47804

This property is versatile and set-up for a contractor, light manufacturer or outdoor retailer. It features a 5,200 square foot main building with 2 bridge cranes, 3 jib cranes and a small office area on the newly resurfaced Lafayette Avenue, secured outdoor storage and nearly 4,700 square feet of additional indoor storage buildings.

Auction registration will begin at Noon on-site. Remote bidding can be accommodated with early registration and receipt of your $10,000 earnest money deposit, which will be refunded in its entirety if you are not the high bidder.

Additional due diligence documents can be downloaded below or requested via one of the following:
Email info@keyauctioneers.com
Call (317) 353-1100
Text (317) 450-6469

Please reference the auction date of February 27th and 1500 Lafayette Ave, Terre Haute, IN whether calling, emailing or texting us. Thank you for your interest in this property and happy bidding!

                                                             General Property Details
Address 1500 Lafayette Avenue, Terre Haute, Indiana 47804
Zoning C-2 (Community Commercial District) & R-1 (Single-Family)
Parcel Numbers 84-06-10-404-007.000-002; 
  84-06-10-404-001.000-002;
  84-06-10-403-007.000-002
Lot Size 0.75 acres (approx.)
Frontage Area 80′ on Lafayette Ave.
Parking Lot Gravel
Assessed Tax Value $185,000 (2018)
Semi-Annual Taxes $2,644.50 (2017 pay 2018)
Other Pertinent Data Outdoor Post Sign located at corner of lot next to bridge.
  1/3 acre of secured outdoor storage/parking.
   
                                                              Main Building – Office/Shop
Building Size 5,200 square feet
Construction Type Concrete Block
Roof Type Pitched Asphalt with approx. 550 sq. ft.  of Flat Membrane
Year Built 1953
HVAC Type Office – Central Air/Furnace; Shop – Gas suspended heat
Clear Ceiling Height Various
Other Pertinent Data (3) Overhead Doors – 12′ x 14′, 10′ x 8’and 8′ x 8′.  4th Overhead door still framed to create 12′ – 14′ drive-thru bay.
  (2) Bridge Cranes / (3) Jib Cranes
  Available Power: Single and 3-phase
  Water to property currently turned off due to water meter being removed after damage to meter identified.  Meter has not been replaced because of the lack of need for water by current owner.
   
                                                              Rear Building – Storage
Building Size 3,200 square feet
Construction Type Pole Barn with Slab Floor
Roof Type Pitched Metal Sheeting
Year Built 1979
Clear Ceiling Height 12′
Other Pertinent Data Front and Rear access doors.
  Currently unconditioned secured storage building.
   
                                                   Mid-Property Storage – Secured Lean-To’s
Building Size 1,496 square feet
Construction Type Lean-to with secured entry via sliding doors or fencing.
Roof Type Pitched Metal Sheeting
Year Built 1979

 General Auction Terms
Required Down Payment: $10,000 cashier’s check, increased to 10% within 3 business days.
Closing Time: 30 days after auction (March 29, 2019).
Tax Administration: Seller to pay May 2019 installment at or before closing.  Buyer to pay November 2019 and those going forward.
10% Buyer’s Premium 

Licenses: Seth Seaton: AU10900115 Auction Co: AC30900124
Seller: L & Z Holdings, LLC

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