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Lebanon Business Park Industrial Lot Online Auction


Online Auction

Wednesday, January 29th
1pm (ET)

Auction & Registration Details

Property Address: 231 S. Enterprise Blvd., Lebanon, IN 46052

Bid your price to own this 7.37 acre industrial lot in the Lebanon Business Park is zoned PBI, Planned Business Industrial.   The property is available for bidding in an online auction that will end on Wednesday, January 29th at 1:00 PM (Eastern).  The location is ideal for a number of industrial and commercial trucking uses, being less than 2 miles from 2 different interstate exits, I-65 exits 139 & 140, and near a wide selection of fueling & quick dining options.  Additionally, the property is only 17 miles from I-465 which surrounds Indianapolis and provides access to I-70, I-74 & I-69 for additional convenience for those who travel more than the I-65 corridor. 

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 $10,000 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 231 South Enterprise Boulevard, Lebanon, Indiana 46052
Zoning PBI (Planned Business Industrial)
Parcel Number 06-06-02-000-005.001-002
Lot Size 7.37 +/- acres
Frontage Area 650′ +/- on Enterprise Blvd. / 710′ +/- on S. Mt. Zion Rd.
Assessed Tax Value $10,000 (2019)
Annual Taxes $222.68 (2018 pay 2019) + $20.00 Ditch Assessment (Spring Only)
Permitted Uses (PBI Zoning – City of Lebanon) Truck terminal, Warehouse/Distribution, Self-storage, Assembly, Fabrication, Light Manufacturing, Produce terminal, Recycling center, R&D, Printing/Packaging, Boat/RV storage, Contractor storage, Data processing / call center, Veterinary, Farm equipment sales & service, Produce terminal (wholesale) and others.
Conditional Uses (PBI Zoning – City of Lebanon) Semi-tractor / trailer storage, Truck sales & service, Truck frieght terminal, Truck Stop, Parking lot, Automobile repair (major & minor) and others.
Distance to I-69 Exits Exit 139 – 1.5 miles / Exit 140 – 1.6 miles
                               Summary of Development Standards for Lebanon Business Park
Number of Votes 1 vote per acre of land + fractional vote per fractional acre.
Owner Common Area Maintenance Required Mowing, landscaping, shrub and tree replacement, trash removal.
Building to Land Ratio 50% allowed and up to 70% with ARC approval.
Total Coverage Ratio 75% or less
Required Setbacks 50′ Front & Rear / 25′ Sides
Outside Storage Must be screened in accordance with ARC standards.
Driveways & Parking Must be paved, unless emergency access area.
Signage Allowed and must be approved by ARC.

 General Auction Terms
Required Down Payment: $10,000 cashier’s check on auction day, increased to 10% within 3 business days.
Closing Time: 30 days (February 28, 2020)
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: Sanibel Capital, LLC

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