Name 46,717+/- SQFT BUILDING on 3.07 ACRES ZONED C-2
Auctioneer Sohn & Associates Ltd
Type Online-Only Auction
Date(s) 5/20/2022 - 6/21/2022
Auction Ends: TUESDAY JUNE 21st at 6:00 PM (Staggered Soft Close)
Preview Date/Time Public Showing: An auction representative will be onsite Friday June 10th 12 Noon - 2:00 PM. Property Location: 1900 STRINGTOWN RD in EVANSVILLE, IN 47711 Directions: From Hwy 41 N in Evansville, go West on Diamond Ave (66), to Left (South) on Diamond Ave to property on your right.
Checkout Date/Time The successful online bidder(s) will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 5% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days, or as soon as possible following any necessary survey/subdivision work.
Location 1900 Stringtown Road
Evansville, IN 47711
Buyer Premium 5.0% ONLINE BUYER'S PREMIUM!
Description
ONLINE COMMERCIAL REAL ESTATE AUCTION 46,717+/- SQFT BRICK BUILDING on 3.07 ACRES ZONED C-2 Property Location: 1900 STRINGTOWN RD in EVANSVILLE, IN 47711 Directions: From Hwy 41 N in Evansville, go West on Diamond Ave (66), to Left (South) on Diamond Ave to property on your right. Auction Ends: TUESDAY JUNE 21st at 6:00 PM (Staggered Soft Close) Bidding Link: www.SohnAndAssociates.HiBid.com - Amazing Opportunity for the Investor or End User! - C-2 Community Commercial District Zoning! - Would Allow for Small Shops, Retail, Grocery Store, Studio, Hair Salon, Law Office, Accounting Firms, Photography Studio, Gym Space, More! - Less Than a 10 Minute Drive to Downtown & the Evansville Riverfront! - Guaranteed Good Clear Title & 60 Days to Close! This auction provides you a fantastic chance to own a piece of Evansville History! It was the home to Henry Reis School. Plans were designed by Clifford Shopbell in 1912 and it opened in 1915 being named after the president of Old State National Bank (now known as Old National Bank). In 1925, a new section designed by H Gilbert Karges was built in the Collegiate Gothic style which nearly tripled the size of the building. Henry Reis closed in 1968, but the property has been recently used as the Lifesong Academy. Consists of approximately 3.07 acres fronting on Stringtown Rd, Reis Ave, Keck Ave and N Elliot Street. It is improved with a beautiful Collegiate Gothic style three story brick building. The main level offers approximately 16,259 square feet of usable space while the lower and upper levels have 15,229+/- each. There are rooms of all sizes and many feature water/sinks inside the room. This could make it perfect for renting to multiple tenants. The building offers 4 modern boilers for heat and central air for cooling. This tract also has an abundance of paved parking and some nice green space. Approximately 1 Acre of this property consist almost entirely of a fenced-in blacktop parking lot. It offers frontage on Stringtown Rd, Reis Ave, and Keck Ave. Public Showings: An auction representative will be onsite Friday June 10th 12 Noon - 2:00 PM; or you may call to set an appointment. Broker Participation: Qualifying real estate brokers may earn up to 2.5% for representing a successful bidder at the auction. To qualify, broker must notify Sohn & Associates about client a minimum of 5 days prior to the auction. Please email or fax Broker Name & Client to tsohn@SohnAndAssociates.com or fax 812-467-0232. Note: Any written offers presented prior to the close of the auction will be presented to the seller for consideration. Parcel #: 82-06-17-031-021.017-029 Brief Legal: NORTH PARK BLK 5 Taxes: Fall 2022 Semi Annual Tax is Approximately $3,833.04 Terms: A 5% Buyer's Premium will be added to the winning bid to determine the final contract sales price. The successful online bidder(s) will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 5% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days, or as soon as possible following any necessary survey/subdivision work. While this does give you plenty of time to complete any financing that you may be considering, the sale is not subject to financing. Buyer(s) will be guaranteed good merchantable title and will assume the real estate taxes starting with the Fall 2022 installment. The property is selling on an AS IS basis and each tract is subject to Seller approval. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. Sohn & Associates, Ltd and its representatives are agents of the seller. Seller: Riverside Investments LLC
Auction Terms & Conditions Terms: A 5% Buyer's Premium will be added to the winning bid to determine the final contract sales price. The successful online bidder(s) will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 5% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days, or as soon as possible following any necessary survey/subdivision work. While this does give you plenty of time to complete any financing that you may be considering, the sale is not subject to financing. Buyer(s) will be guaranteed good merchantable title and will assume the real estate taxes starting with the Fall 2022 installment. The property is selling on an AS IS basis and each tract is subject to Seller approval. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. Sohn & Associates, Ltd and its representatives are agents of the seller. Broker Participation: Qualifying real estate brokers may earn up to 2.5% for representing a successful bidder at the auction. To qualify, broker must notify Sohn & Associates about client a minimum of 5 days prior to the auction. Please email or fax Broker Name & Client to tsohn@SohnAndAssociates.com or fax 812-467-0232. This auction features a ONE (1) minute soft close with a SIXTY (60) second stagger time for each lot. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 5.0% ONLINE BUYER'S PREMIUM!
Payment Terms
A 5% BUYER'S PREMIUM will be added to the winning bid to determine the final contract sales price. The successful online bidder(s) will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 5% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days, or as soon as possible following any necessary survey/subdivision work. While this does give you plenty of time to complete any financing that you may be considering, the sale is not subject to financing. Buyer(s) will be guaranteed good merchantable title and will assume the real estate taxes starting with the Fall 2022 installment. The property is selling on an AS IS basis and each tract is subject to Seller approval. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. Sohn & Associates, Ltd and its representatives are agents of the seller. Broker Participation: Qualifying real estate brokers may earn up to 2.5% for representing a successful bidder at the auction. To qualify, broker must notify Sohn & Associates about client a minimum of 5 days prior to the auction. Please email or fax Broker Name & Client to tsohn@SohnAndAssociates.com or fax 812-467-0232.
Not Applicable