1140 Locust Street, Terre Haute, IN 47807 - Vigo County

Court Ordered Foreclosure

40,000+/-sf Commercial Building

40,976 +/- SF Former Grocery/Retail Building

Situated on 4.29 +/- Acres

Many potential Commercial Uses

195 +/- Parking Spaces - 4.75 per 1,000 SF

Located Just Blocks from Indiana State University and Downtown Terre Haute

Adjacent to other Retail Property

Ample Room for Future Expansion

Fire Suppression System

Zoned C3 Regional Commercial

Dont Miss this Unique Opportunity to Acquire a Good Commercial Property at Live Foreclosure Auction!

Vigo County IN Superior Court CAUSE NO. 84D03-1607-MF-4452

Edward D. Durnil, IN Firm, Auctioneer & Broker #AU10000242

Terms and Conditions

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Tim Mast CAI AARE at 888-791-7307 ext 84. All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the FAQ-Frequently Asked Questions.

Buyers Premium: 6% buyers premium or $10,000, whichever is greater based on high bid.

Closing: 30-Day closing, sold in As-Is, Where-Is condition, no contingencies.

Deposit Amount: 10% deposit of the Total Sale Price will be due with 48 hours of the sale. Bidders will provide the auctioneer with a deposit of $25,000 in the form of a bank cashier's check to bid on the property.

Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.

Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.