OLO Commercial Real Estate Auction - Nappanee, IN

Online OnlyCommercial Real Estate AuctionBidding Begins to Close February 15th @ 5pm ESTLocated at 112 S Main St. Nappanee, IN. Location, Location, Location! This auction is the perfect opportunity for a buyer to start their own business in downtown Nappanee. Built in 1910 this 3 story corner building has over 5300 total square feet of space. In recent years the building has gone under a major renovation and the 2758 square foot main floor has been completely remodeled. In the 2018 renovation the dining area was gutted down to the skeleton and new electrical and lights, new flooring, ceiling, framing, walls, new cabinets, new front door, and new window on the south side of the building. Currently set-up as a bakery and cake shop, the main floor was completely remodeled and features built-in fixtures for a store counter, full kitchen area which includes walk-in cooler and two overhead range hoods, supply room, office area, and separate men and women's public restrooms. All bakery equipment is being offered separately in a personal property auction ending an hour after the real estate auction. On the third floor is 1386 square feet of space and new windows in the front were added in 2018. This space has not been remodeled and has been used as additional storage. The basement also has 1386 square feet of storage space, and has several storage racks for storage use. On the exterior of the building several things were done in the 2018 renovation including: new support beam between wood and brick on front of building, painted brick on front of building, and new carpeting on stairs. In 2021 a new roof on front of the building section and in 2022 a new kitchen door was added, new siding by kitchen door, and new brick wall on part of south building wall. The building sits on a .07 acre corner lot with alley access. Property is zoned mixed use commercial. The building has endless possibilities for a food service business or for a variety of retail or office uses. Taxes 2021 Pay 2022: $4,047.12.Open House: February 7th 12pm-2pm and February 14th 12pm-4pm. Can't make it? Call for a private showing. Owner: Hoosier Investment LLCGeneral Terms: $10,000 non-refundable down payment to be paid within 24 hours of auction closing, closing in 30 days, sold as-is, possession at closing, warranty deed, taxes prorated and final to day of closing, sells with seller's confirmation, and subject to a 10% buyer's premium. Buyer broker participation is welcome.Kraft Real Estate Auctions, LLC - AC31900011Col. Conrad Kraft- AU01023657Jonathan Kraft AU10500173Clint Cripe - AU1070068Managing Broker: Jay Mayden219-973-9240 ~ Info@KraftAuctions.comKraftAuctions.com