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SOLD Pre-Auction Professional Office Campus (Disclosed Reserve) in Terre Haute, IN



Wednesday, December 4th
11am – 2pm (ET)

Live & Online Auction

Wednesday, December 18th
1pm (ET)

Auction & Registration Details

Property Address: 2500 Prairieton Road, Terre Haute, Indiana 47802

Seller has agreed to disclose the Reserve of only $350,000! Located just over a mile from the intersection of I-70 & US 41 (exit 7) and Honey Creek Mall, this property is conveniently located and set up ideally for legal, medical, mental health, professional services or a corporate headquarters.

The main office was just built in 2003 by Terre Haute’s own Thompson Thrift builders. It features 5,486 square feet and consists of 2 executive offices, a large administrative area with reception window, conference room, library, oversized kitchenette with stove top, 4-car attached garage with remote-controlled gate access, secured keypad entry from reception area and garage, 2 HVAC zones and 11 irrigation zones to serve the professionally designed landscaping. A full set of As-Built plans for the main office are available upon request. Due to size limitations, the full set could not be attached. The secondary office offers 1,680 additional square feet with 2 restrooms, a breakroom and 2 HVAC zones. This building formerly served as a laboratory for product quality control testing, which is the reason for the additional counter-height outlets throughout.

Additional due diligence is available for download below. If you have additional questions, would like to schedule a private inspection, or would like a full set of As-Built plan of the main office building, please contact Seth Seaton at sseaton@keyauctioneers.com or by calling/texting (317)450-6469.

Onsite Bidder Registration: We will be at the auction site 1 hour before the auction begins. To register to be a bidder, please bring your government issued photo ID and $25,000 deposit. You can bring an executed copy of the auction terms or will have copies there for you to review and sign. 

Online Bidder Registration: All auction bidders who want to participate via our online bidding platform must be registered and approved to bid by Key Auctioneers. All bidders will be subject to fulfilling the following requirements (same as onsite bidders) prior to being approved to bid. 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.  You will be required to remit the $25,000 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 (Common) 2500  Prairieton Road, Terre Haute, Indiana 47802
Address (Assessor) 2533 Krumbhaar Street, Terre Haute, Indiana 47802
Zoning M-1 (Light Industrial District)
Parcel Number 84-06-33-304-009.000-002
Lot Size 1.59 acres
Frontage Areas Prairieton Road: 349′  /  Preston Street: 332′
Krumbhaar Street:  300′  /  Greenwood Street:  154′ 
Parking Lot Paved asphalt (20 spaces)
Assessed Tax Value $472,500 (2019)
Annual Taxes $14,763 (2018 pay 2019)
Appraised Value $533,000
Appraisal Date August 22, 2019
Other Pertinent Data Park-like setting with landscaping plan & 11 irrigation zones.
Distance to I-70 & US 41 Intersection (Exit 7): 1.2 miles
Distance to Honey Creek Mall & New County Jail: > 1 mile
Main Professional Building
Building Size 5,486 square feet
Construction Type Frame
Roof Type Pitched asphalt shingle
Foundation Concrete slab
Year Built 2003
HVAC Type (2) Central air cooling / Gas forced air heat systems
Executive Offices (2) 22′ x 34′ & 22′ x 18′
Administrative Area 34′ x 19′
Other Areas Conference Room, Library, Kitchen
  (2) Executive restrooms
Garage 4-car attached, finished & conditioned
Security Keypad secured front & garage entries with security system.
Secondary Office / Professional Building
Building Size 1,680 square feet
Construction Type Frame
Roof Type Pitched asphalt shingle
Year Built 1988
HVAC Type (2) Central air cooling / Gas forced air heat systems
Other Pertinent Data Outlets are counter height due to former use as laboratory.
  (2) Restrooms & Breakroom
File Storage Building
Building Size 864 square feet
Construction Type Frame
Roof Type Pitched Asphalt Shingle
Year Built 1998
HVAC Type Central air cooling / Electric forced air heat

 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 (December 20, 2019)
Tax Administration: Prorated to date of closing.
10% Buyer’s Premium 

Licenses:  Seth Seaton: AU10900115      Auction Co: AC30900124
Seller: Jodagran, LLC

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