COMMERCIAL BUILDING AND LAND SEALED BID AUCTION

2813 NICHOL AVE., ANDERSON, IN 46011

SEALED BIDS DUE BY FEBRUARY 19^TH, 2014 AT 5 PM EST

APPRAISALS AVAILABLE UPON REQUEST

PROPERTY INFO-

TOTAL ACREAGE:                                            15.36

NUMBER OF BUILDINGS:                              1

COUNTY:                                                             MARION

CITY:                                                                      ANDERSON

PARCEL NUMBERS:         48-11-15-103-047.000-003

                                                48-11-15-103-046.000-003

TAXES:                                  $15,207 ANNUALLY  

BUILDING INFORMATION-

DATE OF CONSTRUCTION: 1988

Family Dollar Building

TOTAL LAND AREA: Based on assessor data:

4.295 Acres +/-

IMPROVEMENTS: Multi-Tenant Commercial Building – 23,045 square feet of which 15,925 finished space with two tenants and 7,120 square feet unfinished, shell only (potential for four additional tenants).

Asphalt Parking Lot – approximately 98,184 sq. ft.

ZONING: B1 – Business

FLOOD ZONE REFERENCE:Flood Zone X

DESCRIPTION OF IMPROVEMENTS:

Hair Plus – Retail Store – approximately 3,560 square feet

Consists of Large Retail area, Office Space, Restroom

Ceiling – Acoustical Tile with fluorescent lighting

Walls – Plaster/Drywall

Floor – carpet and ceramic tile

Lighting – Fluorescent Lighting

Mechanical – HVAC – Gas forced air with central air

Electrical – 200 amps

Plumbing systems are assumed to be functional and adequate.

Family Dollar – Retail – approximately 12,365 square feet

Consists of Retail Area, Storage, Office Space, Restroom

Ceiling – Acoustical Tile with fluorescent lighting

Walls – Plaster/Drywall

Floor – tile

Mechanical – HVAC – Gas forced air with central air

Electrical – 800 amps

Plumbing systems are assumed to be functional and adequate.

Unit #3 -6 – Retail Box – Unfinished – Could be divided into four separate spaces of – 7,120 total square feet or 1,780 square feet per tenant

Ceiling – Open/Unfinished

Walls – Open/Unfinished

Floor – concrete and dirt

Mechanical – HVAC – None

Electrical – None

Plumbing – None

Parking – the parking lot is asphalt paved and is in poor condition. It is approximately 98,184 square feet.

Access – The property is accessed from State Road 32 or Brentwood Drive.

FORMER K-MART PROPERTY:

The LAND is vacant ground located in a commercial area on Anderson’s Westside. It is irregular in shape and is approximately 11.075 acres

Utilities – Utilities are assumed to be sufficient for existing use. Service providers include: City of Anderson (electric, water and sanitary sewer) and Vectren (gas).

The subject property is zoned B-1 Business.