Auction Information
Auctioneer Key Auctioneers 855-353-1100
Auction Date Jul 28 Auction
Location
1501 N High School Road
Indianapolis, IN
Time 10:00AM
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Auction Listing
AuctionZip Auctioneer ID# 11453

The Westwood Country Club is ready for a new owner with a fresh vision for the potential of these 21+ wooded acres which sit less than a mile from I-465 & W. 10th St. (Exit 14). The property is bordered by Eagle Creek and surrounded by residences, making this property prime for multi-family redevelopment or as a private single-family residence. Westwood CC is a gem as a wooded & park-like pocket of over 21 acres. Come walk the trails, enjoy the natural vegetation, fish on the banks of Eagle Creek and start making your plans for the property!

“The Reserve at Westwood” is a 105-unit, 55 & older, multi-family development which has already been approved. The Site Plan and Statement of Commitments is available for download below.

CLICK HERE TO VIEW LISTING & DOWNLOAD DUE DILIGENCE DOCUMENTS!

Property & Auction Address:
 1501 N High School Rd, Indianapolis, IN 46224

Property Details

Address (Primary)

1501 N. High School Rd., Indianapolis, IN 46224

 

Zoning

DP (Planned-Unit Development)

 

Parcel Numbers

49-05-36-107-006.000-982; 49-05-36-107-009.000-982; 49-05-36-114-003.000-982

 

Lot Size

21.04 acres

 

Frontage Area

1,175′ +/- on High School Rd. / 1,175′ +/- on Eagle Creek

 

Parking Lot

Paved asphalt, in need of repair

 

Assessed Tax Value

$272,700 (2018)

 

Annual Real Estate Taxes

$9,135.44 (2017 pay 2018)

 

Annual Storm Water

$1,530.00 (2017 pay 2018)

 

Other Pertinent Info

Approved for “The Reserve at Westwood”; a 30-lot, 105-unit, multi-family development.

 

 

Eagle Creek is approx. 1,175′ of the Eastern property line.

 

 

Swimming Pools – 50M Outdoor w/ Dive Well & 25M Indoor

 

 

Walking trails throughout wooded acreage & beautiful vegitation.

 

 

0.5 mile from Lowe’s, Walmart Neighborhood Market & I-465!

 

Very interesting potential for secluded single-family property with terribly convenient location!

 

 

 

 

Building #1 – Main Facility

 

Building Size

14,148 sqaure feet (7,561 SF – upper / 6,587 SF – lower)

 

Construction Type

Concrete block masonry

 

Roof Type

Flat membrane

 

Year Built

1954

 

Other Pertinent Info

Building heavily vandilized.

 

 

Facilities include offices, rec rooms, food service area, banquet hall and men’s & women’s locker rooms with sauna and hot tub in each.

 

 

 

 

Building #2 – Indoor Pool

 

Building Size

6,840 square feet

 

Construction Type

Steel framed, clear-span

 

Roof Type

Pitched metal sheeting

 

Year Built

1961

 

Other Pertinent Info

Building & pool equipment heavily vandilized.

 

 

Specifically built to house a 25M indoor pool.

 

General Auction Terms

Required Down Payment

$25,000 cashier’s check, brought up to 10% within 3 business days.

Closing Time

30 days after auction (August 27, 2018)

Tax Administration

Buyer’s first tax liability to be the November, 2018 installment.

Buyer’s Premium

10%

Licenses: Seth Seaton: AU10900115 Auction Co: AC30900124
Seller: Westwood Club, LLC

 




Auctioneer License Information: AC30400094

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