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Indianapolis Development Land Online Auction

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Online Auction Closes

Wednesday, October 21st
1pm (ET)

Auction & Registration Details

Property Address: 6120 East Thompson Road, Indianapolis, IN 46237

Bid your price to own 8.5 acres of commercial development ground at the intersection of two main traffic arteries, Thompson Rd. & Arlington Ave., with an approved PUD allowing use as C-1 & C-3. Bid your price to own this land adjacent to a CVS anchoring the corner of the development and Dollar General as a second.

Additional due diligence, approved PUD documents and Auction Terms can be downloaded below. To discuss the property or auction process, please reach out to Seth Seaton at sseaton@keyauctioneers.com or (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 Intersection of Thompson Rd. & Arlington Ave. (NE Quarter)
Zoning Planned Unit Development (individual lots approved for C-1 & C-3)
Parcel Number 49-10-35-128-007.000-300
Lot Size 8.5 acres total
Frontage Area 550′ on Thompson Rd. / 540′ on Arlington Ave. / 300′ on Franklin Villas
Assessed Tax Value $258,200 (2019 pay 2020)
Annual Taxes $7,745.98 (2019 pay 2020)
Other Pertinent Data Overall development anchored by CVS & Dollar General.
  Potential to plat into 4-6 lots.
Most sale ready outlot is 1 acre of C-3 land on Thompson adjacent to CVS & Dollar General.
   
C-3 Land
Acreage (estimated) 3.5 acres
Zoning C-3
Frontage Area 270′ on Thompson Rd. / 340′ on Arlington Ave.
   
C-1 Land
Acreage (estimated) 3.25 acres
Zoning C-1
Frontage Area 280′ on Thompson Rd. / 200′ on Arlington Ave. / 300′ on Franklin
   
Retention Ponds
Acreage (estimated) 1.75 acres
Zoning Common Area

 General Auction Terms
Required Down Payment: $25,000 cashier’s check prior to online registration being approved.
Total deposit to be increased to 10% of bid price within 3 days.
Closing Time: 30 days after auction (November 20, 2020)
Tax Administration: Prorated to date of closing.
10% Buyer’s Premium 

Licenses:  Seth Seaton: AU10900115      Auction Co: AC30900124
Seller: Thompson & Commerce Properties, LLC

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