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Absolute Online Auction – Vacant Land in Morocco, IN

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Online Auction

Tuesday, December 3rd
1pm (CT)

Auction & Registration Details

Property Address: 505 S. Polk Street, Morocco, IN 47963

Bid your price to own 2 acres of commercial land at the intersection of Michigan Ave. and Polk St. in Morocco, Indiana.
Recently listed for $40,000, but on December 3rd the property will sell to the highest bidder, regardless of price.

Additional due diligence is available for download below. If you have additional questions, please contact Seth Seaton at sseaton@keyauctioneers.com or by calling/texting (317) 450-6469.

Online Bidder Registration: To participate via our online bidding platform/mobile app you must be registered and approved to bid by Key Auctioneers. All bidders will be subject to fulfilling the following requirements prior to being approved to bid: 1) 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); 2) You will be required to remit the $5,000 down payment (in escrow) 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.

                                                     General Property Details
Address 505 South Polk Street, Morocco, Indiana 47963
Zoning Commercial (Town of Morocco)
Parcel Number 56-10-22-333-005.000-003
Lot Size 2.0 acres (per Newton Co. Assessor)
Frontage Area 205′ on Polk Street / 85′ on Michigan Avenue
Assessed Tax Value $42,200 (2019)
Annual Taxes $1,266.00 (2018 pay 2019)
Other Pertinent Data Concrete pad on property is from former IGA store.

 General Auction Terms
Required Down Payment: $5,000 cashier’s check on auction day, increased to 10% within 3 business days.
Closing Time: December 20, 2019
Tax Administration: No Proration.  Buyer’s first tax liability to be May 2020 installment.
10% Buyer’s Premium 

Licenses:  Seth Seaton: AU10900115      Auction Co: AC30900124
Seller: Lily Pond, LLC

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