FORMER GATLING GUN BUILDING
AND PARKING LOT TO BE SOLD AT AUCTION!

709 AND 712 N. ILLINOIS ST.

INDIANAPOLIS, IN 46204

AUCTION: WEDNESDAY, NOVEMBER 10^TH @ 2:00 P.M. EST

REGISTRATION FORMS FOR BUYERS AND BROKERS CAN BE FOUND IN THE DOCUMENTS SECTION ABOVE

PLEASE SEE UPDATED TERMS (11-10-10)

THIS THREE-STORY, 8,000 SF BUILDING & 19,649 SF PARKING LOT LOCATED DIRECTLY ON ILLINOIS ST. IN DOWNTOWN INDIANAPOLIS WILL BE SOLD AT AUCTION IN NOVEMBER.  THE BUILDING AND PARKING LOT ARE AVAILBLE FOR PURCHASE SEPERATELY OR AS AN ENTIRETY.  BOTH PROPERTIES ARE LOCATED IN THE CENTRAL BUSINESS DISTRICT IN DOWNTOWN INDIANAPOLIS. 

LAND AREA TOTAL:

AREA:                      

709 N. ILLINOIS ST.:  12,675 SF

712 N. ILLINOIS ST.:  19,649 SF

NUMBER OF BUILDINGS:  1

COUNTY:   MARION

COUNTY POPULATION ESTIMATE 2009:  890,879

CITY:   INDIANAPOLIS

BUILDING INFORMATION:

DATE OF CONSTRUCTION:  CIRCA 1913

SIZE OF BUILDING:  8,000 TOTAL SF ON 3 FLOORS  

UTILITIES:

WATER:  INDIANAPOLIS WATER

SEWAGE:  MUNICIPAL

ELECTRIC:  IPL

GAS

HEAT:  3 GAS FIRED COMMERCIAL FURNACES

BUILDING DESCRIPTION:  THE BUILDING HAS BEEN USED AS A PRIVATE CLUB FOR OVER 60 YEARS.  THE INTERIOR CONSISTS OF 3 FLOORS (MAIN FLOOR, UPSTAIRS, AND BASEMENT.  THE MAIN FLOOR HAS A SMALL ENTRY WAY WITH SITTING AREA, BAR AREA, OPEN PERFORMANCE AREA WITH A STAGE, KITCHEN AREA.  OUT THE REAR OF THE MAIN FLOOR BEHIND THE BUILDING IS A COURTYARD THAT WAS USED FOR ENTERTAINING.  THERE IS AN OUTSIDE BAR THAT IS ACCESSIBLE FROM THE BASEMENT OR A BACK DOOR FROM THE OUTSIDE.  THE UPSTAIRS CONSISTS OF A LARGE OPEN OFFICE, A SMALLER OFFICE, AND A SMALL STORAGE AREA.  THE BASEMENT HAS A FEW SMALL AREAS SEPARATED, A WALK IN REFRIGERATOR, AND ACCESS TO THE COURTYARD BAR.  THE BUILDING IS HIGHLY VISIBLE FROM ILLINOIS ST.  THIS BUILDING IS ALSO LOCATED NORTH OF THE NEWEST CULTURAL TRAIL EXTENSION (EAST AND WEST) ON WALNUT ST. 

FLOORING:  WOOD FLOORS, POURED CONCRETE IN BASEMENT

ROOF:   PITCHED

FRONTAGE:  178+/- FT ALONG THE WEST SIDE OF ILLINOIS ST.

SHAPE:  RECTANGULAR

ZONING:                  

709:  CBD-3

712:  CBD-2

PARKING:  THE PARKING LOT IS LOCATED ACROSS THE STREET FROM THE GATLING GUN CLUB.  IT IS A TOTAL OF 19,649 SQUARE FEET.  IT IS A RECTANGLE SHAPED LOT.  THERE ARE +/- 48 SPACES.  THE LOT IS ZONED CBD-2. THE ILLINOIS ST FRONTAGE IS LINED WITH AN ORNATE OLD-STYLE METAL FENCE.

PLEASE NOTE THAT THE FOLLOW ITEMS WILL NOT BE INCLUDED:

-GATLING GUNS ON FRONT STEPS

-EQUIPMENT, FURNITURE, ETC. INSIDE THE BUILDING

-THE MAIN BAR IN THE LARGE ROOM (DINING/MEETING AREA)

TERMS:  PROPERTIES SOLD “AS IS”.  $15,000 DEPOSIT PER PARCEL DAY OF AUCTION.  THE BALANCE TO 10% DUE WITHIN 48 HOURS AFTER SALE.  THERE WILL BE A 10% BUYER’S PREMIUM ADDED TO YOUR BID PRICE TO EQUAL THE TOTAL PURCHASE PRICE PAID.

PLEASE SEE ATTACHMENTS FOR MORE INFORMATION