TERMS & CONDITIONS

Chasteen - Real Estate Auction
5675 and 5685 W. State Road 46
Bloomington, Indiana 47404

Legal Description
Tract 1 - 009-02890-00 PT NW 14-9-2W & PT SW 11- 0.57 � Acres; PLAT 74A See 009-02890-99 For part lot in11-09-2W (Commercial Building)
Tract 2 - and 009-04480-00 PT NW NW 14-9-2W .323A & .323A - 0.64� Acres (House)

- The property will be sold at Public "Online - Internet Auction", ending Wednesday, May 15, 2024 @ 6:00pm ET
- The property will be sold subject to seller's confirmation (sells with reserve).
- Property sells As-Is with no warranties expressed or implied
- The auction is Subject to prior sale (the property can be purchased prior to the end of the auction)
- The seller reserves the right to cancel the auction at any time prior to the final bid closing
- Buyer's Premium
An 11% buyer's premium will be added to the final bid and charged to the buyer, the final bid plus the 11% Buyer's premium will establish the final sales price.
A down payment of $10,000.00 (Per Lot) must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to John Bethell Title Co. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before July 1, 2024
A promissory note will be signed along with the down payment.
- Final closing is NOT contingent upon financing.
- The property will be conveyed by a General Warranty Deed
- The seller agrees to furnish buyer(s) with an owner's policy of Title Insurance Policy at closing.
- Real Estate Taxes: the taxes will be paid by the seller and prorated to the day of closing.
- Closing:
Closing shall take place at the office of: John Bethell Title Co - 2626 S. Walnut Street, Bloomington, IN 47401
Closing fee will be paid by the buyer.
Closing will be held on or before July 1, 2024
- Possession will be granted on or by July 3, 2024 6:00pm EDT
- A $250.00 Broker Admin fee will be paid by the buyer of each tract at closing
- The successful Bidder shall execute electronically an "Auction Real Estate Sales Contract" for the property immediately after being declared the Successful Bidder by the Auctioneer.
- Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property.
Further; Property sells as-is with no warranties expressed or implied
- JDC Group, INC dba United Country Coffey Realty & Auction and their representatives are exclusive agents of the Seller.
- All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material.
- All information was gathered from reliable sources and is believed to be correct as of the date this brochure is published; however, the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on ad are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information.

SALE SITE: Internet Only

VIEWING INSTRUCTIONS: April 21st @ 1pm, April 29th @ 5pm, or By Appointment

The viewing of the property will be at the viewer's own risk. The Seller, Auctioneer nor the Listing Agency may not be held responsible for accidents.

For questions call or text Cody Coffey (812) 360-8383 or Jimmie Dean Coffey (812) 360-6005 or at United Country Coffey Realty & Auction (812) 822-3200 office

Tract #1 - Prime Commercial Property for Sale | Commercial property currently operating as Southern Indiana Collision & Customs. This established business sits on a 0.57� acre lot and includes a 4,940 square foot building with a comprehensive shop area, office space, kitchenette, and two restrooms. Constructed from concrete block, the facility provides a durable and spacious environment for automotive services or other commercial ventures, supported by significant road frontage on a high-traffic state highway. Building size: 4940 square feet total. Office area 768 sq ft & Shop area 4172 sq ft. Tract #2 - House - Newly renovated &remodeled 2-bed, 2 bath on 0.64� Acre | Newly Renovated Home with Commercial Potential. New less than 2 years old: Roof, Siding, windows, flooring, wiring, plumbing, kitchen cabinets, countertops, all appliances, bathroom vanity, tub, tub surround, gas furnace & A/C, deck. Fully fenced backyard with wood privacy fence. The property holds a strategic position within Ellettsville, offering both a comfortable living space & promising opportunity for commercial re purposing.