+1 (855) 353-1100 info@keyauctioneers.com

SOLD (Pre Auction) Retail or Office Building in Lapel Indiana

Live On-Site Auction

Wednesday, September 28
10:00 AM (ET)


Thursday, September 15
10 AM – 12 PM (ET)

Auction Details

ABSOLUTE auction of 3,360 SF retail or office building in Lapel, Indiana. High visibility on main thoroughfare through downtown. Original hardwood floors, two restrooms, kitchen, open space perfect for retail or easily divided for offices!

Address 908 North Main Street, Lapel, IN 46051
Zoning C-2 (Downtown Commercial)
Parcel Number 48-10-28-104-083.000-032
Cause Number 48C03-1507-MF-00314
Lot Size 0.10 AC
Building Size 3,360 SF (28′ wide x 120′ long)
Layout Front area (2,240 SF) open except for center columns; rear area (1,120 SF)
  has partial wall partitions, kitchen, two restrooms & storage
Construction Type Masonry walls; front portion bricked with rear addition covered with stucco
Roof Type Flat rubber membrane original bldg; sloped roof
HVAC Type Gas FWA (1 above ceiling; 1 roof-mounted) | Central A/C
Electrical 200 amp service
Clear Ceiling Height 16′ front portion of building; 12′-14′ addition
Parking Street
Assessed Tax Value $90,300
Annual Taxes $2,782.97
Appraised Value $85,000
Appraisal Date April, 2015
Other Pertinent Data Original hardwood floors
  14′-16′ ceilings
  Open retail space with center columns in front two-thirds
  Offices, restrooms, breakroom and storage in back one-third
Required Down Payment $20,000 cashier’s check day of sale, payable to yourself
Closing Time Within thirty days
Tax Administration Purchaser pays next installment due and payable (November, 2016)

For more information, contact
Veronica Hughes
(317) 353-1100 (Office)
(317) 430-6169 (Cell)

Key Terms
10% buyers premium will be collected
Licenses: AC30900124 & AH21200016; Seth D. Seaton (AU10900115)
Cause No. 48C03-1507-MF-00314

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