DOWN PAYMENT:$10,000 down payment within 24 hours of auction closing and 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.

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.

Online Only Commercial Real Estate Auction Bidding Begins to Close May 5th @ 5:00pm CDT Located at 636 N 700 W Hobart, IN (Porter County) Here is your opportunity to buy a property with a ton of potential, and ready for you to make your dream come true. The property features a single story building built in 1993 and features 4864 square feet of space with a full kitchen, full bar area, stage area, two large bathrooms, and a large deck area outside. The building sits on a 2.95 acre lot which includes nearly a half of an acre of paved parking lot with parking lights, a fenced grass area behind the building to make a nice outdoor entertaining, and a large wooded area with 471' feet of frontage on 700 W. Currently zoned for "Other Food Services''. The property is located adjacent to the Duck Creek Golf Course and Duck Creek Subdivision. Conveniently located in desirable Porter County and only minutes from the shopping and resources of Portage and Hobart. This former bar and grill has been vacant for several years, and is ready for a new owner! Taxes 2021 Pay 2022: $2809.40. Minimum Opening Bid: $54,900 Sells to highest bidder at or above opening bidding! Open House: April 26th 12pm-2pm. Can't make it? Call for a private showing. Owner: Duck Creek Golf LLC Terms: $10,000 non-refundable down payment to paid within 24 hours of auction closing, closing in 30 days, sold as-is, possession at closing, warranty deed, taxes prorated and final to day of closing, minimum opening bid of $54,900, and subject to a 10% buyer's premium. Buyer broker participation is welcome. Kraft Real Estate Auctions, LLC - AC31900011 Col. Conrad Kraft- AU01032667 Jonathan Kraft AU10500173 Managing Broker: Jay Mayden 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com