HOME WAREHOUSE INDUSTRIAL ONLINE AUCTION 

BIDDING BEGINS: MONDAY, NOVEMBER 30 @ 2 PM 

BIDDING ENDS: MONDAY, DECEMBER 7 @ 2 PM 

605 HAUSFELDT LANE, NEW ALBANY, IN 47150

Selling online for the Carolyn Jean Tegarden Estate, an industrial-zoned 1.262-acre tract with an updated three-bedroom 1,436 square foot ranch home with basement and attached garage, a spacious 6,367 square foot warehouse with three-phase electric and 4-overhead doors, an attached 320 square foot office with separate entrance, and a pole barn with 2-overhead doors located near the industrial park and Indiana University Southeast. The warehouse was formerly Bill Tegarden’s “The Wood Shop” - woodworking and custom cabinetry shop. A unique property with unlimited potential with easy access to I-265 off Grantline Road.

PROPERTY HIGHLIGHTS

• Zoned Industrial 

• 1.262 Acres 

• 6,367 SF Warehouse Built 1992

• Attached 320 SF Office 

• Vinyl Siding Ranch w/ Basement Built 1953

• First Floor - 1,436 SF

• 3 Bedrooms - 1.5 Baths 

• Attached One Car Garage

• 1,450 SF Pole Barn

• Concrete Parking Area

• 100’ Road Frontage x 550’ +-

• 3/4 Mile NW of I-265 Grantline Road Exit #3

HOME ON 1.262 ACRES Located in a residential and industrial corridor near the Industrial Park and Indiana University Southeast in Floyd County, an updated 1,436 square foot ranch home with bedroom suite addition, an additional 1,036 square foot unfinished basement, attached one-car garage, and a 17’ x 10’6 wood garden shed on a 1.262-acre setting with a creek at rear of the property. Home built in 1953 features 3 bedrooms, 1.5 baths, eat-in kitchen with custom cabinets, living room with cathedral ceiling, dining room with french doors, and hardwood floors. Home has natural gas heat and central air. 

WAREHOUSE 

• 6,367 Square Feet 

• Built 1992

• Clear Span 78’8 x 48’8 Workshop  w/ (2) 12’w x 10’h Overhead Doors

• Clear Span 39’ x 28’ Workshop w/12’w x 13’h Overhead Door 

• Receiving Room 30’ x 19’8  w/10’w x 12’h Overhead Door

• Workshop 28’6 x 13’9 w/Exhaust Fan 

• 12’ - 15’ Ceiling Height 

• 3 Phase Electric

• Compressed Air Piping 

• Hanging Overhead Heating Units

• 48” Concrete Foundation Walls

• 1/2 Bath Dispatch Room

• Air Compressor NOT Included

OFFICE 

• 320 Square Feet 

• Full Bath

• (3) Built-in Desks

• Heating & Air Wall Unit 

POLE BARN 

• 1450 Square Feet 

• Office 11’10 x 12’2

• One Bay Garage 19’6 x 24’ w/ 10’W x 8’H Overhead Door

• Storage Room 12’2 x 12’5

• One Bay Garage 24’5 x 24’ w/8’W x 8’H Overhead Door

• Storage Room 7’10 x 19’ 

ZONING

Industrial 

FLOOD ZONE

The rear of the property near the creek is located in Flood Zone A. 

UTILITIES 

Vectren Gas

Duke Electric 

Indiana American Water 

New Albany Sewers

REAL ESTATE TAXES 2019/2020

New Albany Township (Annual) $1,955.66

DEDUCTIONS 2019/2020

Homestead  $45,000

Supplemental  $17,150

PARCEL 

22-05-01-400-013.000-007

SCHOOLS

New Albany Floyd County Consolidated 

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BUYERS PREMIUM 

10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.

REAL ESTATE TERMS

10% Non-refundable down payment in the form of cash, check, or wired funds are due within 24 hours following the auction, balance due in 40 days. Taxes prorated to the day of closing. Possession at closing. Selling as is without contingencies, all inspections welcomed before the auction. See full details in the Auction Bid Packet. 

OPEN INSPECTION

Monday, November 30, 11AM - 1PM, Monday, December 7, 11AM - 1PM or contact us for a private showing.

SELLER

Carolyn Jean Tegarden Estate 

PERSONAL REPRESENTATIVE 

Pamela Blasius

ATTORNEY 

Steve Lohmeyer

The Lohmeyer Law Office 

DIRECTIONS 

I-265 to Grantline Road Exit #3. North 1/4 mile to left on Hausfeldt Lane. West 1/2 mile to property on right.