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Prime Downtown Office & Apartment Building Online Auction
Listing ID#: 645502
| Sale Location |
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Sellersburg, IN 47172 |
| Sale Dates and Times |
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Bidding Starts: Monday Nov 6, 2:00 PM Bidding Ends: Monday Nov 20, 2:00 PM |
| Sale Type |
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 Online Auction
VIEW ONLINE CATALOG |
| Company Information |
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Harritt Group Auctions Contact: Douglas Harritt Phone: 812-944-0217 Email: doug@harrittgroup.com Website: harrittgroup.com EstateSale.com ID#: 11645 View company information and listings |
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| Listing Terms and Conditions |
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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 A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing per tenant’s rights. See full details in the Auction Bid Packet. |
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PRIME DOWNTOWN OFFICE & APARTMENT BUILDING ONLINE AUCTION BIDDING BEGINS: MONDAY, NOVEMBER 6 @ 2PM BIDDING ENDS: MONDAY, NOVEMBER 20 @ 2PM 301 EAST UTICA STREET, SELLERSBURG, IN 47172
Selling online at auction, a renovated 2-story brick office and 3-unit apartment building in a prime established business location in the Downtown District of Sellersburg near the Sellersburg Town Hall. Great buying opportunity to invest in Clark County - just minutes from shopping, schools and expressways about 15 minutes north of Louisville.
PROPERTY HIGHLIGHTS
Highly Visible Downtown Commercial Corner Lot Renovated 2-Story Brick Building Built 1943 1st Floor - 2,772 Sq. Ft. Furnished Office 2nd Floor - 2,122 Sq. Ft. Three Apartment Units (2) One-Bedroom Units - (1)Two-Bedroom Unit Private Coded Entrance to Apartments Apartment Rental Income - Monthly $2,300 Office Rental Income - Owner Occupied Zoned DT - Downtown District Utility Shed - Carport Canopy - Courtyard
301 E. UTICA STREET, SELLERSBURG
Income producing investment property ready to move into located on the corner of Utica Street and New Albany Street in downtown Sellersburg. The renovated two-story brick building has 2,772 square feet of office space on the first floor - completely furnished with built-in workstations and furniture plus 3 apartment units on the 2,122 square foot second floor with private coded entrance. Great location with easy access to IN-60 and just minutes to I-65 interchange.
FIRST FLOOR - Furnished Office 2,772 Square Feet 3 Private Offices 5 Open Air Cubicle Spaces Built-In Reception Counter Private Conference Room Break Room with Kitchenette Mail Room with File Cabinets Large Half Bath
Hot Water Boiler Heat with Heat Exchanger Gas Furnace (New October 2023) Central Air Conditioning
MONTHLY RENTAL INCOME Office - Owner Occupied
SECOND FLOOR - 3 Apartment Units 2,122 Square Feet Private Coded Entrance (2) 1 Bedroom & (1) 2 Bedroom Units Equipped Kitchens
Hot Water Radiator Heat Window A/C Units
MONTHLY RENTAL INCOME Unit A - $600.00 - 1 Bedroom - 1 Bath - Tenant Since 2016 Unit B - $800.00 - 1 Bedroom - 1 Bath - Tenant Since 2022 Unit C - $900.00 - 2 Bedroom - 1 Bath - Tenant Since 2022 Month To Month Lease All Utilities Included
UTILITIES Duke Electric CenterPoint Energy Silver Creek Water Town of Sellersburg Sewers
REAL ESTATE TAXES (2022-2023) Sellersburg Town (Annual) – $4,042.94
ZONING DT - Downtown (DT) District. There are specific site and use development standards for this district. Please refer to the Unified Development Ordinance (UDO) for reference. https://sellersburg.org/wp-content/uploads/2023/10/Sellersburg-UDO-CURRENT-COPY-1.pdf
FLOOD ZONE FEMA records indicate that the property is not in a flood zone.
LEGAL DESCRIPTION Eisman Add. Pt. Lot 1
PARCEL Parcel # 10-17-11-000-644.000-031
SCHOOL CORPORATION Silver Creek Schools
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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 A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing per tenant’s rights. See full details in the Auction Bid Packet.
OPEN INSPECTION Tuesday, November 14, 2PM - 4PM Monday, November 20, 11AM - 1PM Or contact us for a private showing.
PROPERTY LOCATION 301 East Utica Street, Sellersburg, IN 47172
SELLER Utica Street Property LLC
DIRECTIONS I-265 to I-65 North to Exit #9 toward Sellersburg/Speed. Merge onto County Road 311S. Continue on S. Indiana Avenue 0.3 miles to right on E. Utica Street. Auction 0.1 mile on left.
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