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Absolute Auction of 10,568 SF Industrial Building in Rensselaer, IN

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Preview

Thursday, July 18th
11am – 2pm (CT)

Live Auction

Wednesday, July 31st
1 pm (CT)

Auction & Registration Details

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 sseaton@keyauctioneers.com or (317) 450-6469.

Address 1065 N US Hwy 231, Rensselaer, IN 47978
Zoning I-2 (High Intensity Industrial)
Parcel Number 37-10-19-000-023.000-031
Cause Number 37D01-1708-MF-000702
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
Year Built 2013
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′)
  Clear Span
  Materials for building expansion on-site.
  2 Restrooms
  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

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