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4,000 SF Commercial Building in Indianapolis, IN

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Preview

Wednesday, May 8th
11am – 2pm

Live & Online Auction

Tuesday, May 21st
1 pm

Auction & Registration Details

Property Addresses: 4604 E. 16th St., Indianapolis, IN 46201

This property features over 4,000 square feet, (2) 12′ overhead doors & 3-phase power. The property is ideal for a small contractor, auto/tire shop or property management group who is looking to find a Central Eastside location in Indianapolis. You also have easy access to the interstate, as this property is just over a mile from the Emerson Ave. exit on I-70.

The Clique Tool & Machine equipment pictured in the photos of the real estate will be offered separately in an online auction. Visit that auction listing here.

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 property details and due diligence documents available for download below. . If you have additional questions or inquiries, please contact Seth Seaton at sseaton@keyauctioneers.com or (317)450-6469.

General Property Details
Address 4604 E. 16th St., Indianapolis, IN 46201
Zoning C-1
Parcel Number 49-07-33-177-168.000-101
Lot Size 0.14 acre
Frontage Area 40′ on 16th Street
Building Size 4,040 square feet (Shop = 3,600 + Storage Mezzanine = 440)
Construction Type Concrete Block Masonry
HVAC Type Ceiling-suspended heat
Clear Ceiling Height 12′
Parking Parking in front & rear of building.
Assessed Tax Value $55,200 (2018)
Annual Taxes $1,716.10 (2018 pay 2019)
Other Pertinent Data (2) Overhead Doors – 12′ tall x 10′ wide
3 Phase Electric Service & Air lines run through building.
Small office an restroom.

 General Auction Terms
Required Down Payment: $5,000 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: 30 days after the auction.
Tax Administration: Prorated to date of closing.
10% Buyer’s Premium 

Licenses:  Seth Seaton: AU10900115      Auction Co: AC30900124
Seller: Multiple Sellers

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