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45.32+/- acres selling at "Online Only" Auction beginning March 1, 2012 through April 12, 2012 ending at 2:00pm EDT
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BANK OWNED COMMERCIAL REAL ESTATE
11102 Diebold Rd.Fort Wayne, IN45.32+/- acres selling at "Online Only" Auction beginning March 1, 2012 through April 12, 2012 ending at 2:00pm EDT
Jimmie Dean Coffey - AU01049934 | 812.824.6000 | Lic.AC30200042/AU01049934
1
Executive Summary Property Description 2
Property Profile 3
State Map 4
Local Map 5
Aerial Map 6
Legal Description 7
Land Survey 9
Contacts Contacts 11
County / City Information County Information 12
The information contained herein has been obtained from other third party sources. We have not verified its accuracy. Seller and United Country Coffey Realty & Auction make no guarantee, representation, or warranty whatsoever concerning any of the materials or information contained herein. It is the sole responsibility of anyone reviewing this material to evaluate the accuracy, completeness, and usefulness of all information contained herein. The Seller and United Country Coffey Realty & Auction make no express or implied warranties, representations, or endorsements whatsoever concerning the material presented or the proposed transaction referenced in herein, including without limitation any warranties of title, non-infringement, merchantability, or fitness for a particular purpose, and Seller and United Country Coffey Realty & Auction shall in no event be liable for any damages whatsoever resulting from the use of or reliance on any information contained herein.
Property Name
Table ofContents
Executive SummaryTable ofContents
Executive Summary Property Description ............................................................................... 3 State Map ............................................................................................... 4 Local Map ............................................................................................... 5 Aerial Map .............................................................................................. 6 Property Information ............................................................................... 7
Contacts Contacts .................................................................................................. 8
County/City Information County Information .................................................................................. 9
Additional Information Preperty Cards ...................................................................................... 12 Survey ................................................................................................... 16 Contract ................................................................................................. 17 Terms .................................................................................................... 20 Title Policy ............................................................................................. 22 Auction Advantages .............................................................................. 29
EXECUTIVE SUMMARYTable of Contents
Bank Owned Commercial Real Estate - Online AuctionFt. Wayne, Indiana11102 Diebold Rd.Fort Wayne, IN
Auction beginning March 1, 2012 through April 12, 2012 ending at 2:00pm EDT
• BANK OWNED – MUST SELL • 11102 Diebold Rd, Fort Wayne, IN • Newly widened to 4-lane Diebold Road to accommodate rapidly growing community. • Allen County, Perry Township, Ft. Wayne, IN • Located near new medical facilities • Exit 116 off Hwy 69 just north of Fort Wayne. • Less than 1.0 mile from Hwy 69 at Exit 116 • Directly across the street from the New Parkview North Hospital • 45 acres • Commercial Medical Park opportunity • Sewer Line on the property • Water available on the property • Easy site to develop • Directions: from I-69 exit 116 go East on E. Dupont Rd to Diebold Rd., turn left (North) • Adjacent to New and expanding “Park Place Senior Living Center” complete with Garden Homes, Assisted Living, Nursing Facility and Medical Office Building. • 1.9 Acre pond
EXECUTIVE SUMMARYProperty Description
EXECUTIVE SUMMARYState Map
Advance
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MileByMi le .comFree Indiana Maps &Indiana Road Map Travel Guides
Copyr ight 2005
Ft. Wayne
EXECUTIVE SUMMARYLocal Map & Directions
Directions:From I-69 exit 116 go East on E. Dupont Rd to Diebold Rd., turn left (North)
EXECUTIVE SUMMARYAerial Map
EXECUTIVE SUMMARYProperty Information
11102 Diebold Rd. United Country Coffey Realty & Auction 812-824-6000 Fort Wayne, IN 46845 Tim Ellis Realtors & Auctioneers 812-332-0987
Section: 36 County: Allen Zoning: AG/RSF(A1) Township: Perry OCC Status: Vacant Acres: 45.32+/- Utilities: Fort Wayne Water & Sewer NIPSCO gas Indiana Michigan Power Company
BANK OWNED PROPERTY selling at ONLINE ONLY Auction. Bidding starts today and ends 4/12/12 @ 2:00pm EST
Annual Taxes 2010/2011: $10,868.20
Land Features: 45 acres located in an expanding medical area of Fort Wayne, IN. Sewer Line on the property. Water available on the property. Easy site to develop. Survey on file. Description: This is a bank owned property located in an expanding medical area of Fort Wayne, IN. Good access and near (across the road from) the new Parkview North side Hospital. This property was recently taken back by the bank as a foreclosure and is in their REO portfolio. This property contains 45 acres with an abandon home and several out buildings (retired equine facility). The property immediately in front of this property is currently being built out as a New Eye Surgery facility. And the property immediately adjacent to the North is a very new and expanding Senior Living facility. Directions: From I-69 exit 116 go East on E. Dupont Rd to Diebold Rd., turn left (North)
11102 Diebold Rd. United Country Coffey Realty & Auction 812-824-6000 Fort Wayne, IN 46845 Tim Ellis Realtors & Auctioneers 812-332-0987
Section: 36 County: Allen Zoning: AG/RSF(A1) Township: Perry OCC Status: Vacant Acres: 45.32+/- Utilities: Fort Wayne Water & Sewer NIPSCO gas Indiana Michigan Power Company
BANK OWNED PROPERTY selling at ONLINE ONLY Auction. Bidding starts today and ends 4/12/12 @ 2:00pm EST
Annual Taxes 2010/2011: $10,868.20
Land Features: 45 acres located in an expanding medical area of Fort Wayne, IN. Sewer Line on the property. Water available on the property. Easy site to develop. Survey on file. Description: This is a bank owned property located in an expanding medical area of Fort Wayne, IN. Good access and near (across the road from) the new Parkview North side Hospital. This property was recently taken back by the bank as a foreclosure and is in their REO portfolio. This property contains 45 acres with an abandon home and several out buildings (retired equine facility). The property immediately in front of this property is currently being built out as a New Eye Surgery facility. And the property immediately adjacent to the North is a very new and expanding Senior Living facility. Directions: From I-69 exit 116 go East on E. Dupont Rd to Diebold Rd., turn left (North)
CONTACTSProperty Related Contacts
ContactsProperty Related ContactsUnited Country Coffey Realty & AuctionJimmie Dean Coffey, CAI, AARE, [email protected] Ellis Realtors and AuctioneersTim Ellis, 812.332.0987http://www.timellisrealtors.com
City Clerk and Council: 260-427-1221
City Engineer: (260) 427-1172
City Utilities: (260) 427-5064
Treasurer’s Office: (260) 449-7693
Assessor’s Office: 260-449-7123
Public Works office: (260) 427-1112
Street Department: (260) 427-8311
Fort Wayne Chamber of Commerce: (260) 424-1435
Planning & Zoning: 260.449.7607
Economic Developmenthttp://www.cityoffortwayne.org/economic-development.html
DNR Fish & Wildlifehttp://www.in.gov/dnr/outdoor/4480.htm
Websites of interesthttp://www.cityoffortwayne.org/http://www.visitfortwayne.com/
COUNTY INFORMATIONCounty Overview
Allen CountyCounty Overview
Fort Wayne is Indiana’s second-largest city and home to over 250,000 residents. Three-time All American City Award winner, and is consistently sited for it’s high quality of life, low cost of living and warm Hoosier Hospitality.
Fort Wayne is the county seat of Allen County. The municipality is located in northeastern Indiana, approximately 18 miles (29 km) west of the Ohio border and 50 miles (80 km) south of the Michigan border.
Fort Wayne is the principal city of the Fort Wayne Metropolitan Statistical Area, a metropolitan area that encompasses Allen, Wells, and Whitley counties, for an estimated population of 414,315. In addition to those three counties, the Fort Wayne–Huntington–Auburn CSA, a combined statistical area, includes Adams, DeKalb, Huntington, and Noble coun-ties, for a population of 610,015.
Under the direction of American Revolutionary War statesman General “Mad” Anthony Wayne, the United States Army built Fort Wayne last in a series of forts near the Miami Indian village of Kekionga in 1794. Named in Wayne’s honor, Fort Wayne established itself at the confluence of the St. Joseph River, St. Marys River, and Maumee River as a trading post for European settlers.The village was platted in 1823 and experienced tremendous growth after completion of the Wabash and Erie Canal.
By the 21st century, Fort Wayne’s economy was based on manufacturing, education, insurance, health care, logistics, and defense and security. The city has been an All-America City Award recipient in 1982, 1998, and 2009.
In 2008, the Fort Wayne metropolitan area, including Allen County, was ranked as one of Forbes’ Best Places for Business and Careers. And Forbes isn’t the only one who has noticed. In 2010, this Indiana county attracted 10 new companies, 30 expansions, 1,886 new jobs and over $75 million in investments. Placed 7th for cost of living and 11th for cost of doing business, Fort Wayne is home to companies such as Frontier Communications Corp., BFGoodrich and General Motors.
Statistcis:
PopulationTotal Population, 2010 355,329Total Households, 2010 137,851Median Age, 2010 35.3Projected Population, 2015 358,501
Educational Attainment, 2008-10Less than High School 11.4%High School Graduate 31.0%Some College 22.2%Associate’s Degree 9.2%Bachelor’s Degree 17.7%Master’s PhD and/or Professional Degree 8.5%
COUNTY INFORMATIONCounty Overview
AccessibilityNearest MSA Central City: Fort Wayne 0 milesNearest Major City IndianapolisDistance to Nearest Major City 125 milesNearest Commercial Airport Fort Wayne International AirportRunway Length 12,000 ft., 8,001 ft., 4,001 ft.Distance to Airport 0 milesDistance to Nearest Interstate 0 milesNearest Deepwater Port Toledo-Lucas County Port, Toledo, OhioDistance to Nearest Deepwater Port 106 milesForeign Trade Zone Availability Yes, in Fort Wayne
Labor Force, 2010Labor Force 175,251Unemployment Rate 10.5%
IncomeMedian Household Income, 2010 $47,014Per Capita Income, 2009 $34,078
Announced Jobs & Investments, 2010New Companies 10Expanding Companies 30Financial Investment $76.3 MJobs Created 1,886
Major EmployersCompany Employmentin FTEParkview Health Systems 4,710Lutheran Health Network 4,302General Motors 3,610Lincoln Financial Group 1,983BFGoodrich 1,580Frontier Communications Corp. 1,400ITT Exelis 1,203Raytheon Systems Co. 1,040B.A.E. Systems Platform Solutions 1,015Vera Bradley 840
Healthcare ServicesNumber of Physicians 500Ratio per 1,000 Population 1.43Number of Dentists 193Ratio per 1,000 Population 0.55# of hospitals in county 7
COUNTY INFORMATIONCounty Overview
Housing, 2010Total Housing Units 152,184Owner Occupied 95,791 69.5%Rental 42,060 30.5%Seasonal or Recreationa 753Median Value for Owner Occupied Housing, 2008-10 $113,700Median Gross Rent, 2008-10 $625
GovernmentFort Wayne: Mayor Tom HenryCounty Commissioners Nelson Peters, Linda Bloom,Therese BrownIndiana State Senate Rep. Dennis Kruse, Thomas Wyss, David Long, Travis Holdman, Jim BanksIndiana State House Reps Phil GiaQuinta, Jeffery Espich Winfield Moses, Kathy Heuer, Robert Morris, Phyllis Pond
Housing, 2010Total Housing Units 152,184Owner Occupied 95,791 69.5%Rental 42,060 30.5%Seasonal or Recreationa 753Median Value for Owner Occupied Housing, 2008-10 $113,700Median Gross Rent, 2008-10 $625
EducationCorp. Schools EnrollmentPublic Schools 4 84 54,665Private Schools 35 10,990Colleges & Universities: 14 in Fort Wayne / 18 in NEI
ADDITIONAL INFORMATIONProperty Cards
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2011
WIP
05/0
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Ind
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$0
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$0
$0
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(3)
2011
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08/0
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na C
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Mod
$34,0
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$25,3
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$330,6
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$0
$364,6
00
$25,3
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$59,3
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$417,1
00
$476,4
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$0
$86,5
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$86,5
00
2010
AA
08/0
6/2
010
India
na C
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Mod
$30,0
00
$21,8
00
$336,6
00
$0
$366,6
00
$21,8
00
$51,8
00
$423,1
00
$474,9
00
$0
$86,5
00
$86,5
00
2009
GenR
eva
l
03/0
1/2
009
India
na C
ost
Mod
$0
$0
$0
$0
$0
$0
$68,7
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$416,9
00
$485,6
00
$0
$0
$0
2008
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03/0
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India
na C
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$0
$0
$0
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$0
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$68,6
00
$416,9
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$485,5
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$0
$0
$0
2007
GenR
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03/0
1/2
007
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$0
$0
$0
$0
$0
$0
$67,3
00
$401,8
00
$469,1
00
$0
$0
$0
2011
WIP
05/0
2/2
011
India
na C
ost
Mod
$34,0
00
$25,3
00
$330,6
00
$0
$364,6
00
$25,3
00
$59,3
00
$417,1
00
$476,4
00
$0
$86,5
00
$86,5
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alc
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ted A
creage
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count
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39.7
3
81 L
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NV
82 P
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83 U
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9 H
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Measu
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$34,0
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$5,3
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0.8
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MR
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ADDITIONAL INFORMATIONProperty Cards
02
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of
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$1,9
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(3)
2011
AA
08/0
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India
na C
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$0
$0
$0
$0
$0
$0
$6,9
00
$0
$6,9
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$6,9
00
$0
$6,9
00
2010
EC
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02/1
1/2
011
India
na C
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Mod
$0
$0
$0
$0
$0
$0
$6,9
00
$0
$6,9
00
$6,9
00
$0
$6,9
00
2010
AA
07/0
8/2
010
India
na C
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Mod
$0
$0
$0
$0
$0
$0
$7,4
00
$0
$7,4
00
$7,4
00
$0
$7,4
00
2009
GenR
eva
l
03/0
1/2
009
India
na C
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Mod
$0
$0
$0
$0
$0
$0
$6,4
00
$0
$6,4
00
$0
$0
$0
2008
GenR
eva
l
03/0
1/2
008
India
na C
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Mod
$0
$0
$0
$0
$0
$0
$6,4
00
$0
$6,4
00
$0
$0
$0
2011
WIP
05/0
2/2
011
India
na C
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Mod
$0
$0
$0
$0
$0
$0
$6,9
00
$0
$6,9
00
$6,9
00
$0
$6,9
00
0.9
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alc
ula
ted A
creage
Act
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0
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Dis
count
Parc
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0.9
8
81 L
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NV
82 P
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83 U
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91/9
2 A
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91/9
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Supp. P
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ADDITIONAL INFORMATIONSurvey
sample
ADDITIONAL INFORMATIONContract
Tim Ellis Realtors & Auctioneers (812) 322-3514and/or United Country Coffey Realty & Auction (812) 824-6000
AUCTION SALES CONTRACT
This Contract of sale made and entered this 12th day of April 2012, by and betweenBank of Indiana hereinafter called the Seller(s) and hereinafter called the Buyer(s):
The Buyer hereby agrees to purchase, the Seller hereby agrees to sell this property in “As is” condition (except conditions stated in statement of sale)Located at and commonly known as: 11102 Diebold Road in the City of Fort Wayne, Township of Perry, County of Allen, and State of Indiana.
Legally described as: Part of Section number 36, Township 32 North, Range 12 East, Perry Township, Allen Coun-ty. Indiana containing 45.32 acres more or less.
Buyer herewith agrees to deposit with Home Title Service’s (205 S. Walnut Street, Bloomington, IN 47401) es-crow account, $ 100,000.00 dollars, as non-refundable earnest money deposit, and the balance of the purchase price will be due on delivery of clear title.
Seller(s) agrees to furnish a General Warranty Deed and good and marketable title free from all encumbrances, and a Preliminary Title Insurance Commitment. If the seller is unable to convey clear and marketable title the buyer’s down payment can be refunded.
The Buyer(s) will be provided an Owner’s Policy of Title Insurance at the seller’s expense.
Real Estate Taxes: the taxes will be prorated to the day of closing. The Buyer will be responsible for all subsequent real estate taxes and assessments thereafter.
Closing shall take place on 30th day of April 2012 at 11:00am. Closing fee will be shared 50/50 between the seller and the buyer. Possession is to be given day of final closing.
Buyer agrees to pay all cost of obtaining a loan to include preparing and recording Deed & note, Title Opinion if desired.
Title is to be conveyed subject to all restrictions, easement and covenants of record, subject to zoning ordinance or laws of any governmental authority. These premises are to be in the same condition as they are as of the date of this contract, ordinary wear and tear excepted. Seller is expected to bear risk of loss through the date of deed. In the event the premises are wholly or partially destroyed before the consummation of the transaction or delivery of the final papers, the Buyer shall elect or choose whether or not he will go through with the transactions, and in the event he chooses to go through with it, all insurance damages collectible as a result of the damage or destruction shall be assigned to him, the Buyer. If he chooses not to go through with the transaction, any earnest money held in escrow will be refunded in full.
Time being of the essence of this agreement, if the Buyer shall fail or refuse to perform this agreement of Buyer’s part, and the Seller shall be ready and willing to perform, the Seller shall be entitled to retain the entire down pay-ment / earnest money as liquidated damages for the breach of this agreement.“All successful bidders will be required to sign a note for the deposit amount. Note shall become null and void when undersigned shall complete all requirements for closing as set out in this contract.”
ADDITIONAL INFORMATIONContract
sample
Per the terms & conditions as contained herein and announced in “statement of sale”, the property sells as shown below.
High Bid Selling Price $ .00Plus 11% Buyer’s Premium $ .00
Total Purchase Price $ .00Less Down Payment $ 100,000.00
Total Due at Closing $ .00This offer will expire if not accepted on or before:
Purchased By:
Date April 12, 2012 Buyer Phone PrintedBuyer Address: City State Zip
Date April 12, 2012 Buyer Phone PrintedBuyer Address: City State Zip
Date April 12, 2012 Buyer’s Agent Phone PrintedAgent Address: City State Zip
Names for Deed:
Accepted By:
Date April 12, 2012 Seller Time: Printed
Date April 12, 2012 Seller Printed
sample
ADDITIONAL INFORMATIONContract
PROMISSORY NOTE
11102 Diebold RoadFort Wayne, IN
$ 100,000.00 April 12, 2012 Amount Date
FOR VALUE RECEIVED, the undersigned promises to pay to the Order of:Home Title Service205 S. Walnut Street
Bloomington, IN 47401
The Sum of One hundred thousand --------------------------------------dollars
($ 100,000.00 ), as a deposit for the purchase of real estate described in Contract of even date herewith and attached hereto executed the undersigned, payable at the closing of said Contract.
This promissory note shall bear no interest until the date of closing of the Contract; thereafter it shall bear interest at the highest rate allowable by law.
This Note shall become null and void if and when the undersigned shall complete all requirements for closing as set out in the attached Contract. If said requirements are not fulfilled this Note shall be fully enforceable at law.
If this Note is placed in the hands of an attorney for collection, by suite or otherwise, the undersigned agree to pay all costs of collection and litigation together with a reasonable attorney’s fee.
April 12, 2012 Signature Date
April 12, 2012 Signature Date
ADDITIONAL INFORMATIONTerms & Conditions
TERMS & CONDITIONS
Bank Of Indiana - Real Estate Auction
11102 Diebold RoadFort Wayne, Indiana, 46845
Legal DescriptionPT of Section 36, T 32 North, R 12E, Perry Twp., Allen County containing 45.32
acres more or less
The property will be sold at an “Online Only” AuctionThe property will be sold subject to the seller’s confirmation and approval of the final bid.ON-LINE ONLY AUCTION - Bidding ends Thursday – April 12, 2012 at 2:00pm EST with a “soft
close”, meaning that a last minute bid will extend bidding by 3 minutes until all bidding is final.The Auction is subject to prior sale.
o The seller reserves the right to cancel the auction at any time.Buyers Premium
o An 11% buyer’s premium will be added to the final bid and charged to the buyer, the final bid plus the 11% buyer’s premium will establish the final sales price.
A $100,000.00 down payment is due in Home Title Service’s escrow account by wire transfer by 12:00 NOON Friday, April 13, 2012. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of clear title on or before April 30, 2012 at 11:00am EDT
o A promissory note in the amount of the down payment ($100,000.00) will be signed along with the Auction Sales Contract immediately following the close of the auction.
Final closing is NOT contingent upon financing.The property will be conveyed by a General Warranty Deed.The seller agrees to furnish buyer(s) with marketable title in the form of Title Insurance based on final
sale price. The Buyer(s) will be provided an Owner’s Policy of Title Insurance at the seller’s expense.o Real Estate Taxes: the taxes will be prorated to the day of closing.o Closing fee will be shared 50/50 between the seller and the buyer.o Closing will be held on or before April 30, 2012 at 11:00am EDT
Possession will be granted at final closing.The successful Bidder shall execute an “Auction Real Estate Sales Contract” for the property
immediately after being declared the Successful Bidder by the Auctioneer. Upon the close of the auction the winning bidder will be forwarded via email an Auction Sales Contract.
A signed copy of the contract must be received by United Country Coffey Realty & Auction on or before 9:00am EST April 13, 2012 by hand delivery, fax or scanned and emailed. The Down Payment in its entirety must be received by Home Title Service by wire Transfer no later than 12:00pm Noon April 13, 2012. Wire instructions will be forwarded to the buyer at the close of the bidding.
Each potential Bidder is responsible for conducting at their own risk, their own independent inspections,
ADDITIONAL INFORMATIONTerms & Conditions
investigations, and due diligence concerning the property.o Further; Property sells as-is with no warranties expressed or implied
A survey will be provided by the seller.JDC Group, INC dba United Country Coffey Realty & Auction, Tim Ellis Realtors & Auctioneers and
their representatives are exclusive agents of the Seller.All announcements made up to the final close of the Online Auction bidding take precedence over all
advertising, oral or printed material.All information was gathered from reliable sources and is believed to be correct as of the date
this brochure is published; however the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information.
SALE SITE: On-line ONLY – Bidding ending: Thursday – April 12, 2012 @ 2:00 pm EST
VIEWING INSTRUCTIONS: Vacant Land
The viewing of the property is at the viewer’s own risk, the Seller, Auctioneer nor will the Listing Agency be held responsible for accidents.
For questions call:United Country Coffey Realty & Auction (812) 824-6000 or Tim Ellis Realtors & Auctioneers (812) 322-3514
I do hereby agree to these Auction Terms & Conditions.
BUYER:
Print: Date
Print Date
ADDITIONAL INFORMATIONTitle Policy
ADDITIONAL INFORMATIONTitle Policy
ADDITIONAL INFORMATIONTitle Policy
ADDITIONAL INFORMATIONTitle Policy
ADDITIONAL INFORMATIONTitle Policy
ADDITIONAL INFORMATIONTitle Policy
ADDITIONAL INFORMATIONTitle Policy
Auction AdvantagesBuyer Benefits• Purchase property at fair market value• Eliminate sometimes long negotiation periods• Reduce time to purchase property• Gain confidence as they compete• Do not have to worry about contingencies because pur chasing and closing dates are known• Feel better about a purchase ± just knowing there is a contending bid just one increment under purchase price• Buyers know property owners are motivated to sell• Buyers know property owners sell at lowest price pos sible• Buyers can receive favorable financing• Buyers set their own purchase price
ADDITIONAL INFORMATIONAuction Advantages
1www.unitedcountrybloomington.comwww.UnitedCountryIN.com
812-824-6000
