30 Acres of River Front Property - Near Downtown Fort Wayne - Thursday, September 10th - 2015 - 5:00 PM
Complete Liquidation of River City Properties
1408 Griffin St.Fort Wayne, IN 46803 - (View Map)
Owner: Anglin
Sale Manager: Brandon Steffen
Contact: 260-426-0633
REQUEST UPDATES FOR THIS AUCTION
Major Assemblage of River Front Property East of Downtown Fort Wayne
Auction Location
The auction will be held at 1408 Griffin Street, Fort Wayne (Former River City Bar and Grill Building).
Inspection
The property will be available for inspection on Thursday, August 20th from 5pm to 7pm and on Wednesday, August 26th from 5:00 pm to 7:00 pm. For a private inspection please contact Auction Company.
Tract #1 - 500 Coombs Street
Address: 500 Coombs St, Fort Wayne, Indiana.
Parcel # 02-12-01-253-001.000-074
Parcel Size: .54 Acres
Building Type: Commercial /Light Warehouse
Zoning: IN2
River Frontage: Yes
Construction: Block
Parking: Paved
Square Footage: 10,516
Year Built: 1950
Tenancy: Vacant
Tract #2 - 1227 Herbert Street
Address: 1227 Herbert Street
Parcel # 02-12-01-256-007.000-074
Parcel Size: 3.227 Acres
Building Type: Commercial/ Former River City Links Miniature Golf Course
Zoning: IN2
River Frontage: Yes
Construction: Wood Frame
Parking: Paved
Square Footage: 1,500
Year Built: Unknown
Tenancy: Vacant
Tract #2 Consists of approximately 3.227 +/- acres of land with a two story commercial / office building that was previously used as the club house for a putt putt golf range. This is a very unique property with a modern office building that features expansive windows on both the first and second floor. The second floor features an open office concept and has tremendous views of the river and downtown Fort Wayne.
Tract #3 - 406 River Bend Court
Address: 406 River Bend Court
Parcel # 02-12-01-256-002.000-074
Parcel Size: 2.7 Acres
Building Type: Residential 2 Story Home
Zoning: IN2
River Frontage: Yes
Construction: Wood Frame
Parking: Gravel
Square Footage: 2,040
Year Built: 1908
Outbuildings: Small Wood Frame Barn, Chicken-Coop and other outbuildings.
Tenancy: Owner Occupied
Tract #3 Consists of approximately 2.7 +/- acres of land with mature trees and river frontage. The property is further improved with a unique two story home that features open wrap around porches on both the upper and lower levels. As you enter the home you will fall in love with the modern design concept, expansive windows with picturesque views that this home offers. This tract offers easy river access for canoeing, fishing and other water activities.
Tract #4 - 1401 Griffin Street
Address: 1401 Griffin Street
Parcel # 02-12-01-276-001.000-074
Parcel Size: 4.8 Acres
Building Type: Residential
Zoning:IN2
River Frontage: Yes
Construction: Wood Frame
Parking: Gravel
Square Footage: 648
Year Built: 1965
Tenancy: Occupied
Tract #4 Consists of approximately 4.8 +/- acres of land with 100 ft. of river frontage on the Maumee River. The property is further improved with a 1 bedroom rental home that has been updated in recent years.
Tract #5 - 1408 Griffin Street
Address: 1408 Griffin Street
Parcel # 02-12-01-277-002.000-074
Parcel Size: 12.0 +/- Acres
Building Type: Industrial
Zoning: IN2
River Frontage: Yes
Construction: Brick
Parking: Gravel
Square Footage:
Building #1: (Former River City Bar and Grill Building) 70,000 SF
Year Built: 1960
Condition: Good
Building #2: 2,800 SF Brick Building
Condition: Below Average
Building #3: 51,604 SF Brick Building / No Roof
Condition: Shell Only
Year Built: Various
Tenancy: Occupied
Tract #5 Consists of approximately 12.0 +/- acres of land with a 70,000 SF Industrial Warehouse Building that is in good condition and has the possibility of multiple tenants. This tract of land also features the River City Sand Volleyball Courts. Additionally, this property is improved with 2 additional older industrial buildings.
SELLER TO RETAIN: ALL RIGHTS TO CELL PHONE TOWER ON THIS PROPERTY.
Tract #6 - 1300 Herbert Street
Address: 1300 Herbert Street
Parcel # 02-12-01-257-005.000-074
Parcel Size: 6.423 +/- Acres
Building Type: Industrial
Zoning: IN2
River Frontage: No
Construction: Block
Parking: Gravel
Square Footage: 23,000 SF
Year Built: 1920
Tenancy: Tenants
Tract #6 Consists of approximately 6.423 +/- acres of land. The property is further improved with a 20,000 SF Industrial Facility that Currently is Occupied with a long term tenant.
"A Property As Unique as Its History"
History - Coming Soon!
Terms & Conditions
Procedure: The property will sell in (6) individual tracts, any combination of tracts, and as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. Bids on tracts, tract combinations, and the total property may compete.
Method of Payment: A non-refundable earnest money deposit of 10% of the purchase price will be required the day of sale with the balance due the day of final closing. Closing to be within 45 days of the auction. This real estate is being sold for cash and your bidding is not contingent upon financing. Have your financing prearranged prior to auction day.
Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following the auction at the site. The seller reserves the right to accept or reject any bids.
Title: Seller will provide the buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of the title. The title work has been ordered through Metropolitan Title Company. Seller will provide buyer with a fully executed Corporate Warranty deed conveying title to the buyer. The closing fee for the insured closing shall be split 50:50 between the Buyer and the Seller.
Possession: Possession will be given to the buyer the day of final closing on tract(s) #1, #2, #3 and #4 and subject to tenant rights and leases on tract(s) #5 and #6.
Taxes: The real estate taxes shall be prorated to the day of final closing (Indiana Customary Pro ration); Buyer shall pay all subsequent real estate taxes thereafter.
Cell Phone Tower:
Subsoil Rights:
Acceptance of Bid: This real estate is being sold subject to confirmation of the seller.
Property Disclosure: This property is being sold "As-Is" and "Where-Is" with no warranty being expressed or implied.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreements. Conduct of the auction and the increments of bidding are at the direction and discretion of the auctioneer. All decisions of the auctioneer are final. Announcements made day of the sale take precedence over any and all printed material.