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J Seven Bar & Grill Absolute Real Estate Auction in Linton, IN

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Preview

Thursday, May 2nd
11am – 2pm

Live & Online Auction

Wednesday, May 15th
10am

Auction & Registration Details

Property Addresses: 59 S. Main St., Linton, IN 47441

This property has plenty of history as the People’s Trust Co. until 2004 and J Seven Sports Grille most recently.  The building sits on Main Street / Hwy 59 in Downtown Linton and still has the bank vault intact, a beautiful limestone facing, back-lit sign and covered entry.  Take advantage of the opportunity to buy this property at your price on May 15th at Absolute Auction!

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 $5,000 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.

Address 59 South Main Street, Linton, Indiana 47441
Zoning None – City of Linton has no zoning ordinances or building permits.
Parcel Number 28-06-23-223-064.000-018
Lot Size 0.14 acre
Frontage Area 48′ on Main St. / Hwy 59
Building Size 12,096 square feet (2-Story with partial basement)
Construction Type Masonry – Brick & Limestone
Roof Type Flat Membrane
Parking for Property Street Front & Public Parking
Assessed Tax Value $142,900 (2018 pay 2019)
Annual Taxes $4,299.00 (2018 pay 2019)
Other Pertinent Data Restrooms – 2 Private / 2 Public
1st Floor is a Bar / Restaurant with Commercial Kitchen.
2nd Floor is seperated into event space and 11 former bank offices.
Mosler Safe Co. Bank Vault from People’s Trust Co. still in-place.

 General Auction Terms
Required Down Payment: $5,000 on auction day (or to be approved online), increased to 10% within 3 business days, if necessary.
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: 30 days
Tax Administration: Prorated to date of closing.
10% Buyer’s Premium 

Licenses:  Seth Seaton: AU10900115      Auction Co: AC30900124
Seller: 59 South Main Street, LLC

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