DOWN PAYMENT:$10,000 down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

BUYER`S PREMIUM: A buyer's premium of 10%, with a minimum of $3500, will be added to the final bid price of the property.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

DEED: Seller shall provide a Warranty deed.

EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place in 30 days,

POSSESSION: At closing.

REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing

ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.

SURVEY: There shall be no survey

EASEMENTS: The sale of the property is subject to any and all easements of record.

ONLINE BIDDERS: All online bidders will be required to abide by the same terms. They will be required to complete the purchase agreement within 24 hours from the auctioneer declaring the property sold at the auction.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.

ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.

Commercial Real Estate Auction Wednesday November 7, 2018 2:30pm CDT Located at 3651 169th St. Hammond, IN. From I-94 go north on Cline Avenue to 15th Avenue, and exit and go west .5 miles to property on the north side of the road. "Watch for Kraft Auction Signs!" Up for auction is a commercial property with unlimited potential. On this 1.076 acre C4 commercial lot, is a 4654 square foot steel clearspan building which was last a restuarant but is ready for a variety of other businesses to come start their new venture in this desirable location. The building was built in 1975. Property has paved parking for 80-100 cars and is currently served with three-pahse 600 amp electric service. The adjoining property owner is a newly remodeled McDonald's franchise. Property has a traffic count of over 14,000 cars a day. Take this opportunity to buy a great commercial property at a great price! Taxes 2017 Pay 2018: $11,264.68. Open House By Appointment MInimum Opening Bid: $189,900 Previously listed for over $800,000! Owner: Abdeljaber Living Trust Terms: $10,000 non-refundable down payment immediately after auction (must present check prior to registering to bid), closing in 30 days, sold as-is, possession at closing, trustee deed, taxes pro-rated and final to day of closing, minimum opening bid of $189,900.00, and subject to a 10% buyer's premium. Kraft Auction Service LLC Col. Conrad Kraft- AU01032667 Jonathan Kraft – AU10500173 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com Sold in conjuction with McColly Bennet Commercial Real Estate and Bill Loy