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Retail Showroom & Warehouses in Indianapolis, IN

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Preview

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Live & Online Auction

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Auction & Registration Details

Property Addresses: 1817 S. Meridian Street, Indianapolis, IN 46225

This property is located just south of downtown on Meridian Street and consists of 9,941 total square feet between a two story showroom and two warehouse/workshop areas. The building sits on four lots (49-11-13-112-006.000-101, 49-11-13-112-001.000-101, 49-11-13-112-016.000-101, and 49-11-13-112-024.000-101) totaling 0.536 acres.

This property could be a great fit for a contractor who wants to be able to display their work for clients or needs 5,000+ SF of office, a repair & retail facility, property management firm, specialty car sales/repair. The 3 vacant lots are partially fenced and could serve well as secured storage for vehicles or large inventory. Both warehouse/workshops have entry doors on Meridian and overheads in the rear, which could allow for those buildings to become rentals and income producing.

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
Addresses 1817 S. Meridian St., Indianapolis, IN (Buildings)
14, 18 & 22 E. Adler St., Indianapolis, IN 46225 (Vacant Lots)
Zoning CS (Buildings) / D5 (Vacant Lots)
Parcel Numbers 49-11-13-112-006.000-101; 49-11-13-112-001.000-101;
49-11-13-112-016.000-101; 49-11-13-112-024.000-101;
Lot Size 0.54 Acres (Total)
Parking Lot 12 spaces with room for expansion.
Frontage Area 100′ on Meridian St. / 228′ on Adler St.
Assessed Tax Value $321,000 (2019)
Semi-Annual Taxes $4,948.37 (2018 pay 2019)
Other Pertinent Data 1.1 mile from I-70 on-ramp (West St. Exit).
1.4 mile from I-65 on-ramp (Raymond St. Exit).
1.8 mile from Center of Downtown Indy.
   
Retail Showroom & Office
Building Size 5,325 SF (2 Story)
HVAC Type Central A/C & Heat
Other Pertinent Data 2nd Story has overhead door (8′ x 8′) to allow for forklift loading.
   
Warehouse #1
Building Size 3,096 SF
HVAC Type Ceiling-Suspended Gas Heat
Clear Ceiling Height 15′
Other Pertinent Data Building has street front entrance.
  Overhead Door (14′ tall x 12′ wide)
   
Warehouse #2
Building Size 1,520 SF
HVAC Type Ceiling-Suspended Gas Heat
Clear Ceiling Height 10′ 6″
Other Pertinent Data Building has street front entrance.
  Overhead Door (12′ tall x 10′ wide)
  Furnace & Ductwork in place, but not connected for use.

 General Auction Terms
Required Down Payment: $10,000 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 (May 24, 2019)
Tax Administration: No Proration. Seller pays May 2019. Buyer pays November 2019.
10% Buyer’s Premium 

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

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