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Auction Information
Auctioneer Sohn & Associates, Ltd 812-467-0227
Auction Date May 09 Auction
Location
607 N Main St
DeLegge's Banquet Rm
Evansville, IN
Time 06:00PM
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  • 9 Properties N Main St Evansville, IN

    9 Properties N Main St Evansville, IN

  • Fantastic Investment Opportunity!

    Fantastic Investment Opportunity!

  • Buy 1 Property on Any Combination!

    Buy 1 Property on Any Combination!

  • Very Nice Bakery / Restaurant

    Very Nice Bakery / Restaurant

Auction Listing
AuctionZip Auctioneer ID# 1653
    Property Address    
701 N Main St
701-713 N Main & 10-12 E Delaware
Evansville, IN 47711
    Attached Files    
Property Cards (PDF)
Auction Flyer (PDF)

PUBLIC REAL ESTATE AUCTION

WEDNESDAY MAY 9th at 6:00 PM

9 CONTIGUOUS PROPERTIES OFFERED INDIVIDUALLY & IN COMBINATIONS

701, 703, 705, 707, 709, 711, 713 N MAIN ST;

10, 12 E DELAWARE ST in EVANSVILLE, IN

- Outstanding Investment Opportunity in Jacobsville Area!

- Buy 1 Property Up to Almost an Entire Block!

- Commercial & Residential Properties Zoned C-1, C-2 & R-2 Including Offices, Single & Multi-Family Residential & a Restaurant/Bakery!

- Up to 19 Total Rentable Units – 18 Were Rented as of March 2018!

- $14 Million Project Just Completed to Improve North Main St w/ New Lighting, Parking Schemes & a Pedestrian Path!

- Call Now for Complete Details or Come to the Showing!

NOTE: Per Visit Evansville, IN @Evansville Convention & Visitors Bureau “The up-and-coming 'Uptown' of Evansville, North Main Street is transforming into a vibrant neighborhood where businesses flourish.” Please make your plans now to investigate this wonderful opportunity and bid your price!

Tract #1 – 701 N Main St: Zoned C-2 & built in 1920, this charming property is currently home to Daily’s Bakery and previously the North Main Annex Café. It offers approximately 1,414 square feet and features a grease trap & BBQ Pit. The lot measures approximately 25’x142’, and the current taxes are $405.48 Per Semi Annual Installment. Current lease is month-to-month.

Tract #2 – 703 N Main St: Zoned C-1 & built in 1904, this Triplex offers approximately 1948 finished square feet. It also includes a finished garage with 352+/- square feet. The lot measures approximately 25’x142’, and the current taxes are $175.46 Per Semi Annual Installment. Please note city water from 703 N Main supplies water to the 703 Garage ½ bath & the 705 ½ garage apartment.

Tract #3 – 705 N Main St: Zoned C-1 & built in 1919, this Triplex offers approximately 1,830 finished square feet. It also features a 400 square foot finished garage apartment. The lot measures approximately 25’x142’, and the current taxes are $233.62 Per Semi Annual Installment. Please note city water from 703 N Main supplies water to the 703 Garage ½ bath & the 705 ½ garage apartment.

Tract #4 – 707 N Main St: Zoned C-1 & built in 1894, this neat property has 1,019+/- square feet current divided into two units. The lot measures approximately 25’x142’, and the current taxes are $364.13 Per Semi Annual Installment.

Tract #5 – 709 N Main St: Zoned C-1 & built in 1894, this is another charming property offering approximately 1,181 finished square feet. The property has been rented as commercial office space, but could easily be converted back to a single family home. It is already plumbed for both a kitchen & shower. The lot measures approximately 25’x142’, and the current taxes are $321.20 Per Semi Annual Installment.

Tract #6 – 711 N Main St: Zoned C-1 & built in 1894, this is another Triplex that offers approximately 2,104 finished square feet. The lot measures approximately 25’x142’, and the current taxes are $159.16 Per Semi Annual Installment.

Tract #7 – 713 N Main St: Zoned C-1 & built in 1894, this Triplex offers approximately 1,964 finished square feet. The lot measures approximately 25’x142’, and the current taxes are $176.60 Per Semi Annual Installment. There is also a 16x18 detached garage.

Tract #8 – 10 E Delaware St: Zoned R-2 & built in 1894, this Up-Down duplex offers approximately 1,516 finished square feet. The lot measures approximately 25’x127’, and the current taxes are $107.92 Per Semi Annual Installment.

Tract #9 – 12 E Delaware St: Zoned R-2 & built in 1894, this 1.5 story single family home includes 1,858 square feet per the Vanderburgh County Assessor. This includes 3 bedrooms & 1 full bath. There is also a 10x20 detached garage. The lot measures approximately 25’x127’, and the current taxes are $165.70 Per Semi Annual Installment.

PUBLIC SHOWING:   WEDNESDAY MAY 2nd from 4:00 - 6:00 PM. Please come to the rear of 707 N Main.

AUCTION LOCATION:  DiLegge's Restaurant 607 N Main St, Evansville, IN 47711

Interesting Links for Jacobsville / N Main St:

-Greater Evansville Economic Development Growth Alliance www.growthallianceevv.com/cultural-districts/n-main-street

-Evansville Convention & Visitors Bureau            www.visitevansville.com/cultural-districts/north-main-street-jacobsville

Auction Procedure:  The property will be offered using our Select Tract Auction Method. Each tract will be offered individually and in any combinations the bidders desire. All bidders will have the opportunity to bid on any individual tract or combination, including the entirety, at any time throughout the auction. The sale will conclude when all the competitive bidding has been exhausted.

Auction Terms & Conditions:  No Buyer's Premium will be charged! A 20% deposit will be required from all successful bidders at the conclusion of the auction. This may be in the form of a personal or business check. The balance will be due and payable at closing within 60 days. Please note that while this does give you ample time to complete financing you may be considering, the sale is not “subject to” financing. This is a non-refundable deposit. Please make sure all financial arrangements are made prior to bidding. Purchaser(s) will be provided with evidence of marketable title. The purchaser(s) will assume the taxes starting with the Fall 2018 installments. Possession will be immediate upon closing subject to tenant’s rights.  DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms & conditions outlined in the purchase agreement. This agreement has, or will, be made available at your request. Announcements made by the auctioneer during the time of the sale will take precedence over any previously printed material or any other oral statements made. The property is being sold on an "as-is, where-is" basis and subject to seller approval. 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, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but 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. Sohn & Associates, Ltd. and its employees and representatives are agents of the seller. If you are unable to attend the live auction, please call to arrange for absentee bidding.

Seller: R&D Investments, etal




Auctioneer License Information: AU19700067

    Auction Listings provided by AuctionZip.com. Although the information published herein is from sources deemed reliable, AuctionZip.com expressly disclaims any liability for errors, omissions or changes regarding any information provided for this auction. Potential buyers are urged to verify auction date, time, and content directly through the auctioneer's website or by contacting the auctioneer directly. The terms and conditions of the auction may or may not be published in this listing. ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY INFORMATION FOUND HEREIN.
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