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% 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 February 15th @ 5pm EST Located at 112 S Main St. Nappanee, IN. Location, Location, Location! This auction is the perfect opportunity for a buyer to start their own business in downtown Nappanee. Built in 1910 this 3 story corner building has over 5300 total square feet of space. In recent years the building has gone under a major renovation and the 2758 square foot main floor has been completely remodeled. In the 2018 renovation the dining area was gutted down to the skeleton and new electrical and lights, new flooring, ceiling, framing, walls, new cabinets, new front door, and new window on the south side of the building. Currently set-up as a bakery and cake shop, the main floor was completely remodeled and features built-in fixtures for a store counter, full kitchen area which includes walk-in cooler and two overhead range hoods, supply room, office area, and separate men and women's public restrooms. All bakery equipment is being offered separately in a personal property auction ending an hour after the real estate auction. On the third floor is 1386 square feet of space and new windows in the front were added in 2018. This space has not been remodeled and has been used as additional storage. The basement also has 1386 square feet of storage space, and has several storage racks for storage use. On the exterior of the building several things were done in the 2018 renovation including: new support beam between wood and brick on front of building, painted brick on front of building, and new carpeting on stairs. In 2021 a new roof on front of the building section and in 2022 a new kitchen door was added, new siding by kitchen door, and new brick wall on part of south building wall. The building sits on a .07 acre corner lot with alley access. Property is zoned mixed use commercial. The building has endless possibilities for a food service business or for a variety of retail or office uses. Taxes 2021 Pay 2022: $4,047.12. Open House: February 7th 12pm-2pm and February 14th 12pm-4pm. Can't make it? Call for a private showing. Owner: Hoosier Investment LLC General Terms: $10,000 non-refundable down payment to be 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, sells with seller's confirmation, and subject to a 10% buyer's premium. Buyer broker participation is welcome. Kraft Real Estate Auctions, LLC - AC31900011 Col. Conrad Kraft- AU01023657 Jonathan Kraft AU10500173 Clint Cripe - AU1070068 Managing Broker: Jay Mayden 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com