Property Addresses: 1065 N. US Hwy 231, Rensselaer, IN 47978
This versatile industrial property in Rensselaer, Indiana consists of a 10,568 square foot clear span building with 4 overhead doors (2 grade level / 2 dock height), a large gravel parking lot with trailer drop pads and 11.76 acres. The Star Building Systems steel framed building has a 7,200 square foot footprint (60′ x 120′) and an additional 3,368 square feet of mezzanine storage space, (2) 14′ x 14′ grade-level overheads, (2) 10′ x 10′ dock-height overheads and conditioned office & break room space. The owner is leaving materials to allow for expansion of the grade-level entry, which they had planned to erect in order to work on 53′ trailers indoors.
The acreage is largely under utilized and could allow for significant expansion if a larger yard or additional facilities were desired by the new owner. Historically, 4.5-5 acres have been farmed by a neighbor, but no crops were planted this year to keep from affecting use by the new owner.
Bid your price to own this versatile industrial property at Absolute Auction on July 31st at 1:00 PM!
For more information, see the attached due diligence documents on the property. If you have additional questions or inquiries, please contact Seth Seaton at firstname.lastname@example.org or (317) 450-6469.
|Address||1065 N US Hwy 231, Rensselaer, IN 47978|
|Zoning||I-2 (High Intensity Industrial)|
|Lot Size||11.76 acres (4.5 acres has been rented to neighbor farmer in past)|
|Frontage Area||590 feet on US Hwy 231|
|Building Size||10,568 square feet (7,200 SF floor + 3,368 SF mezzanine storage)|
|Construction Type||Metal Framed / Metal Sided / Insulated (Star Building Systems)|
|Roof Type||Pitched Metal Sheet / Insulated|
|HVAC Type||Office & Breakroom – Central Air & Heat / Warehouse – None|
|Parking Lot||Gravel with Trailer Drop Pads (Owner reported to be 2′ 6″ deep and reinforced with rebar)|
|Assessed Tax Value||$377,400 (2019)|
|Annual Taxes||$3,103.30 (2018 pay 2019)|
|Other Pertinent Data||4 Overhead Doors (2 Grade – 14′ x 14′ / 2 Docks – 10′ x 10′)|
|Materials for building expansion on-site.|
|Utilities – Well / Septic Field / Propane|
|Distance to Metro Areas||Chicago – 78 miles|
|Indianapolis – 108 miles|
|Fort Wayne – 112 miles|
General Auction Terms
Required Down Payment: $25,000 cashier’s check on auction day, increased to 10% within 3 business days.
Closing Time: 30 days
Tax Administration: Buyer’s first tax liability is November 2019 installment..
10% Buyer’s Premium
Licenses: Seth Seaton: AU10900115 Auction Co: AC30900124
Cause #: 37D01-1708-MF-000702