GENERAL INFORMATION

The package consists of (4) separate parcels with an accumulative 2.994 acres (more or less). On (3) of the parcels are structured with more than 13,000 sq. ft. of commercial garage space plus 2 ranches, a 2 story & separate 24' x 24' detached garage. The 4th parcel (on which there are no structures) is shown as a Right of Way.

1) Parcel #: 004-00000128-00 (44626) is a 0.9103 acre tract with a 6,000+ sq. ft. metal building (built 2008 and was former body/paint shop) with oil heat, office space and 4 overhead doors. There’s also a 1,624 sq. ft. 2 story dwelling (built 1900) with 3 bedrooms, 1 bath & detached 24’ x 24’ garage with overhead door. Land Use Code: C-Auto Car Sales & Services and Commercial Classification (per Auditor). 2020 Real Estate Taxes $1,748.01 Per Yr.

2) Parcel #: 004-00000038-00 (44676) is a 0.4588 acre tract with a 1,200 sq. ft. ranch (built 1961) with 2 bedrooms, 1 bath, central heating plus a 900 sq. ft. open carport. Residential Classification (per Auditor). 2020 Real Estate Taxes $375.66 Per Yr.

3) Parcel #: 004-00000397-00 is a 0.318 acre tract shown as a Right of Way (on which there are no real estate taxes; however, there is a $6.00 per year Special Assessment). Land Use Code: R-Single Family, 0-9.99 Ac. Residential Classification (per Auditor).

4) Parcel #: 004-00000057-00 (44656) is a 1.307 acre tract with a 7,100+ sq. ft. building (former auto service & parts buildings (with 3 overhead doors, a service pit, mezzanine, offices, restroom & oil heat). Also, a 1,598 sq. ft. ranch (converted to sales office) with full basement, propane gas forced air furnace & central air conditioning. Land Use Code: C-Commercial Garages. Commercial Classification (per Auditor). 2020 Real Estate Taxes $1,437.81 Per Yr.

A) The property sells with a disclosed reserve of $200,000 (minimum opening bid).

B) The real estate sells in 'AS IS' condition. The sale is not contingent upon a satisfactory inspection.

C) The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.

D) The successful bidder to sign and return the purchase contract and other applicable documents electronically within 24 hours of the close of the auction.

E) The successful bidder to deposit $20,000 (earnest money) by cashier's check, certified check or electronic transfer within 48 hours of the auction end time.

F) Buyer to proceed to close within (30) days of Court approval of the sale by confirmation entry.

G) Seller will pay for preparation of deeds and the real estate taxes will be paid current to the date of the auction.

H) The successful Bidder shall pay the balance of the purchase price, a 7.0% Buyer's Premium, plus conveyance fees, recording fees, Buyer's portion of title agency closing fee, and the owner's title insurance premium.