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Commercial Lots on US 231 in Crawfordsville, IN

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Preview

Wednesday, April 17th
11am – 2pm

Live & Online Auction

Wednesday, May 1st
1 pm

Auction & Registration Details

Property Addresses: 1525 S. Washington Street, Crawfordsville, IN 47933

We are pleased to offer these properties which combine for 1.24 acres of land sandwiched between US 231 and Crawfordsville High School. They are zoned B3 for commercial use and have 125′ of frontage and 2 curb cuts on US 231, one of which is shared with the gift shop next door. In addition, the City of Crawfordsville’s Bicycle & Pedestrian Master Plan shows the new Greenway section will run through the frontage of these properties, which will make this property easily accessible to the in-town residents of Crawfordsville and Wabash College by biking, running or walking.

There are currently 2 houses, a detached garage and storage building on the property which could still be utilized as residential properties, but the highest and best use will be redevelopment for a retail, restaurant or office.

Online Bidder Registration: All auction bidders who want to participate via our online bidding platform must be registered and approved to bid by Key Auctioneers. All bidders will be subject to fulfilling the following requirements (same as onsite bidders) prior to being approved to bid. Bidders must execute the Auction Terms. You can do so by requesting a Docusign copy of the Auction Terms by emailing info@keyauctioneers.com with your name or executing the Auction Terms in the documents below and returning them to Seth Seaton at sseaton@keyauctioneers.com, along with a copy of a Government-issued Photo ID for the individual registering.  You will be required to remit the $10,000 down payment before you will be able to bid. Deposits will be returned within 2 hours of the auction ending if you were not the winning bidder. 

For more information, see the attached due diligence documents on the property. If you have additional questions or inquiries, please contact Seth Seaton at sseaton@keyauctioneers.com or (317)450-6469.

General Property Details
Address 1523 & 1525 S. Washington St., Crawfordsville, IN 47933
Zoning B-3
Parcel Numbers 10-07-100-008.000-030; 10-07-100-009.000-030
Lot Size 1.24 total acres (1523 – 1.04 AC / 1525 – 0.2 AC)
Frontage Area 125′ on S. Washington St. (US Hwy 231)
Assessed Tax Value $162,400 (2018 pay 2019)
Annual Taxes $1,668.98 (2017 pay 2018)
Other Pertinent Data Storage Building (20′ x 18′) 
2 Curbcuts on US 231 (1 is shared with the gift shop next door.)
Crawfordsville’s Bicycle & Pedestrian Master Plan reflects the new Greenway extending from South St. to CR 150 S will run through the frontage of these properties.  The overall plan will make this location easily accessible by walking, running or biking for most of Crawfordsville’s in-town residents & Wabash College.
   
                                                   Residential House – 1523 S. Washington St.
Building Size 1,904 SF
Bedrooms / Bathrooms 2 Bed / 1 Bath
Basement Partial
Garage 1-Car Attached
Year Built 1959
   
                                                   Residential House – 1525 S. Washington St.
Building Size 1,164 SF
Bedrooms / Bathrooms 2 Bed / 1 Bath
Basement Partial
Garage 2-Car Detached (32′ x 22′)
Year Built Unknown

 General Auction Terms
Required Down Payment: $10,000 on auction day (or to be approved online), increased to 10% within 3 business days.
Deposit Return Policy for Non-Winning Bidders: Deposit returns will be initiated via ACH within 2 hours of the end of the auction in addition to an confirmation email. 

Closing Time: May 31, 2019, or sooner.
Tax Administration: Prorated to date of closing.
10% Buyer’s Premium 

Licenses:  Seth Seaton: AU10900115      Auction Co: AC30900124
Seller: The Estate of Helen Reynolds

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