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ABSOLUTE AUCTION - FORMER BOONE COUNTY JAIL

LIVE ON-SITE AUCTION: Thursday, April 10, 2014 at 1:00 PM EDT

Live On-Site Auction

104 W Washington St
Lebanon, IN 46052

ABSOLUTE auction of a two-story, 14,312 SF building that formerly served as the Boone County Jail right on the square in downtown Lebanon!

Up for ABSOLUTE auction is this 14,312 SF, two-story building that previously served as the Boone County Jail up until 1996. This building features 4,284 SF of residential space (3 BR / 2 BA) on the South side of the building, which previously served as the Sheriff’s residence. The remainder of the building (10,028 SF) is comprised of correctional space, lower-level office space (approximately 550 SF), a 2-car garage, basement space, and storage space. This property is on approximately 0.20 acres of business-zoned land on the downtown square, right in the heart of Lebanon. If you are looking for a building with great street exposure in Lebanon, you cannot find many locations better than this.

This location could be utilized as a multi-tenant office building, or perhaps for retail, restaurant, or self-storage purposes. This property is located just North of the County Courthouse and is also within minutes of multiple interchanges along I-65, just North of Indianapolis.

Additional Features:
- Residential Space Interior Layout: (1) Living Room, (2) Dens/Offices, (3) Bedrooms, (1) Full Bathroom, (2) Half-Bathrooms, (1) Full-Size Kitchen, (1) Sunroom, (1) Walk-In Safe, and (3) Storage Closets
- Single-Phase Electrical Service in Residential Space (1 Subpanel in Restroom)
- Single-Phase Electrical Service in Correctional Space (1 Subpanel on 1st Floor and 1 Subpanel on 2nd Floor)
- Single-Phase, 3-Wire (100-Amp, 120-/240-Volt, 60-Hertz) Electrical Service in Correctional Space (1 Subpanel in Basement)
- Single-Phase, 3-Wire (100-Amp, 120-/240-Volt) Electrical Service in Correctional Space (1 Subpanel in Basement)
- Single-Phase, 3-Wire (200-Amp, 120-/240-Volt, 60-Hertz) Electrical Service in Correctional Space (1 Subpanel in Sub-Basement)
- Single-Phase, 3-Wire (200-Amp) Electrical Service in Correctional Space (1 Main Panel in Sub-Basement)
- 3-Phase (400-Amp, 240-Volt) Electrical Service in Correctional Space (1 Main Panel in Sub-Basement)
- Single-Phase, 3-Wire (200-Amp, 120-/240-Volt) Electrical Service in Lower-Level office Space (1 Panel)
- (1) Full-Size 2-Car Garage (on East side) (Overhead door: 15’ Wide x 8’ Tall)
- (2) Entrances/Exits in Residential Space (1 from the South Side, and 1 from the West Side)
- (1) Entrance/Exit in Correctional Space (from East Side)
- (1) Entrance/Exit in Lower-Level Office Space (from East Side)
- (1) Carrier Gas-Forced Furnace (in Garage; Serves East Side of 1st Floor of Residential Space)
- (1) Carrier Gas-Forced Furnace (in Storage Room; Serves West Side of 1st Floor of Residential Space)
- (1) Carrier Gas-Forced Furnace (in Attic; Serves 2nd Floor of Residential Space)
- (1) Bryant Gas-Forced Furnace (in Lower-Level Office Space)
- (1) Heil Max Performance 12 (Model #: HHP230AKA1) (Single-Phase, 197-253-Volt, 30-Amp, 60-Hertz) Gas-Forced Heat Pump
- (1) State Industries, Inc. Freedom 52-Gallon Electric Water Heater
- Schwab Safe Company 8’ Wide x 4’ Deep x 9’ 3” Tall In-Wall, Walk-In Safe (in Residential Space)
- TIE/Communications, Inc. Businesscom 36 Telecommunications System
- (2) Kewanee Steam Boilers (in Sub-Basement)
- Notifier/Emhart 4800 Fire Detection System (in Lower-Level Office Space)
- Acoustical Tile Drop Ceiling (Partial)
- Fluorescent Lighting Throughout

This property will sell ABSOLUTE—regardless of the high bid price!

Broker participation is invited!

See the “Documents” tab for the Terms and Conditions of the Sale, Broker participation form, property detail summary, property cards & reports, tax information, aerials, parcel information & maps, zoning information & maps, additional maps (topography maps, flood zone maps, and traffic count maps), demographics, and drawings (plat maps, floor plans, and construction plans).

See the below property detail summary tables for further information regarding building structure and features.

Address 101 West Washington Street, Lebanon, IN 46052
Zoning CB (Central Business District)
Tax Parcel Number(s) 06-11-31-008-005.088-002
Building Size(s) 14,312 SF (4,284 SF of Residential Space and 10,028 SF of Former Correctional Space)
Lot Size(s) 0.19605 Acres (8,540 SF) (70’ Wide x 122’ Deep)
Building Style(s) (1) Two-Story Building (Former County Jail) with Full Basement
Construction Type(s) Exterior Walls – Mix of Masonry-Style Brick, Masonry-Style Concrete Block, and Steel; Interior Walls – Residential Space – Stick-Built with Mix of Painted Drywall, Painted Vinyl Paneling, and Masonry-Style Brick, Former Correctional Space – Mix of Masonry-Style Brick, Steel, Painted Drywall, Painted Sheetrock, Lower-Level Office Space – Painted Drywall; Insulation – Residential Space – Unknown (Concealed), Former Correctional Space – None, Lower-Level Office Space – Unknown (Concealed); Flooring – Residential Space – Mix of Commercial-Grade Carpet and Tile, Former Correctional Space – Painted Concrete, Lower-Level Office Space – Commercial-Grade Carpet; Framing – Mix of Wood Frame and Fire-Resistant Steel and Concrete
Foundation Concrete Slab
Site Characteristics Rectangular in Shape, Generally Level
Frontage 70’ on Washington Street and 122’ on North Meridian Street
Roof Type(s) Pitched Concrete-Structured Roof with Copper Covering & Tar-Covered Flat Roof
HVAC Type(s) Residential Space & Lower-Level Office Space – Gas-Forced Heat with Central Air Conditioning Throughout; Former Correctional Space – None
Ceiling Height(s) Residential Space – 7’ 5” to 9’ 2” Clear Height; Correctional Space – 1st Floor – 9’ Clear Height, 9’ 8” Peak Height; 2nd Floor – 7’ 6” to 9’ Clear Height; Basement – 9’ Peak Height; Sub-Basement – 14’ to 14’ 8” Peak Height; Attic – 11’ 6” Peak Height
Utilities All Public Utilities
Year(s) Built 1938
Township Center
Semi-Annual Taxes $1,561.02 (2012 Payable 2013)
Assessed Value $144,700 (2013)
Required Down Payment $10,000 on Day of Sale (10% of Bid Price is Due Within Three (3) Business Days)
Closing Time Within Thirty (30) Days
Tax Administration Purchaser is Responsible for the May 2014 Installment of Real Estate Property Taxes, as Well as Any and All Installments That Becomes Due Thereafter

For more information, contact:
Mitch Doner
Real Estate Project Manager
Key Auctioneers
(317) 517-6636 mobile
mdoner@keyauctioneers.com

- View the "Documents" tab for the full terms and conditions of the sale
- Licenses: AC30900124 & AH21200016; Charles E. Hunt (AU19400046), Carl T. Pike (AU11200089), J. Ted Pike (AU10900114), and Seth D. Seaton (AU10900115)
- Seller: Lebanon Jail on the Square, LLC

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