ONLINE AUCTION - SELLER FINANCING: JUNE 26TH · 5 Revere Drive • Northbrook, IL 60062 •...
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5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com ABE MIZRAHI 847.849.2969 [email protected] JEFF AZUSE 847.418.2703 [email protected] OFFERING SUMMARY Suggested Opening Bid $550,000 On-Site Inspections June 14th, 11am SELLER FINANCING 25% DOWN Lot Size: 1.29 Acres Year Built: 1998 Building Size: 14,500 SF Market: Fort Wayne/Huntington PROPERTY OVERVIEW For sale, well located, revenue producing motel in Markle, Indiana. This property is being offered with seller financing, potential buyers need only to put down 25% of the purchase price. This property consists of a 30 room interior corridor limited service hotel. Additional on the site is an attached two-story house, which contains three large bedrooms, a large kitchen and living space, two full bathrooms, and ten foot ceilings throughout. PROPERTY HIGHLIGHTS • SELLER FINANCING - 25% DOWN • Annual Gross Room Revenue: $225,000 • Interior Corridor • Ample RV, Bus, Truck Parking • Breakfast/Coffee Area • Heat & Air-Conditioning • Attached Single Family House ONLINE AUCTION - SELLER FINANCING: JUNE 26TH 30-ROOM HERITAGE PLACE INN - MARKLE IN
Transcript of ONLINE AUCTION - SELLER FINANCING: JUNE 26TH · 5 Revere Drive • Northbrook, IL 60062 •...
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
JEFF [email protected]
OFFERING SUMMARY
Suggested Opening Bid $550,000
On-Site Inspections June 14th, 11am
SELLER FINANCING 25% DOWN
Lot Size: 1.29 Acres
Year Built: 1998
Building Size: 14,500 SF
Market: Fort Wayne/Huntington
PROPERTY OVERVIEW
For sale, well located, revenue producing motel in Markle, Indiana.
This property is being offered with seller financing, potential buyers need onlyto put down 25% of the purchase price.
This property consists of a 30 room interior corridor limited service hotel.Additional on the site is an attached two-story house, which contains three largebedrooms, a large kitchen and living space, two full bathrooms, and ten footceilings throughout.
PROPERTY HIGHLIGHTS
• SELLER FINANCING - 25% DOWN
• Annual Gross Room Revenue: $225,000
• Interior Corridor
• Ample RV, Bus, Truck Parking
• Breakfast/Coffee Area
• Heat & Air-Conditioning
• Attached Single Family House
ONLINE AUCTION - SELLER FINANCING: JUNE 26TH30-ROOM HERITAGE PLACE INN - MARKLE IN
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
JEFF [email protected]
ADDITIONAL PHOTOS30-ROOM HERITAGE PLACE INN - MARKLE IN
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
JEFF [email protected]
LOCATION MAPS30-ROOM HERITAGE PLACE INN - MARKLE IN
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
JEFF [email protected]
RETAILER MAP30-ROOM HERITAGE PLACE INN - MARKLE IN
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
JEFF [email protected]
POPULATION 1 MILE 5 MILES 10 MILES
Total population 158 4,197 22,934
Median age 40.0 39.7 38.7
Median age (Male) 34.2 35.6 36.5
Median age (Female) 43.2 42.3 40.0
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
Total households 61 1,567 8,620
# of persons per HH 2.6 2.7 2.7
Average HH income $62,812 $65,998 $62,707
Average house value $149,581 $146,924 $145,853
* Demographic data derived from 2010 US Census
DEMOGRAPHICS MAP30-ROOM HERITAGE PLACE INN - MARKLE IN
5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com
JEFF [email protected]
LOCAL INFORMATION
Hilco Real Estate is pleased to announce the Online Auctionof June 7th, for the 30 Room Heritage Place Inn, in MarkleIndiana. Thiswell located property is situated by a high trafficcorridor off of I-69 (25, 575 VPD) & E Markle Road (5,108VPD). Sitting on the border between Huntington and WellsCounties and near to Fort Wayne and Huntington, Markle iswell connected, and benefits from the main traffic arteries ofInterstate-69, Route 224, State Road 116, and State Road 3.
The property is a near to many of Markle's top attractions,including Markle Park, Roush Lake Shooting Range, TowerPark, Tower Park, Salamonie Valley Museum, JeffersonPointe, Parkview Field, Grand Wayne Convention Center, andthe Historic Embassy Theater.
TERMS OF SALE
ONLINE AUCTION: June 26thAuction Opens: Tuesday June 26th, 10 AM (CST)Auction Closes: Wednesday June 27th, 3 PM (CST)
ON-SITE INSPECTION: June 14th: 11 AM
REQUIREMENTS: Bidding for this auction will be ONLINE ONLY. Bidders mustcomplete the registration requirements as detailed at auctions.hilcoreal.com priorto bidding
EARNEST MONEY DEPOSIT: To participate in the auction, bidders are requiredto wire-transfer, overnight, or submit via credit card a fully refundable initialearnest money deposit of $5,000. If you are not the winning bidder your depositwill be returned to you. Wiring instructions are available for download atauctions.hilcoreal.com.
DUE DILIGENCE INFORMATION: A Virtual Data Room has been set up andcontains important due diligence information on the property. To gain access,buyers must register for an account at auctions.hilcoreal.com.
BUYER'S PREMIUM: A 10% Buyer’s Premium will be added to the High BidPrice.
Hilco Real Estate, LLC in cooperation with In cooperation with Steve MathisIndiana Broker Lic. #RB15000976 & Indiana Auctioneers Lic.#AU11500061. ©2017 Hilco Global, LLCNote: The above information is subject to inspection and verification by allparties who are relying on it to formulate a bid. No liability for itsinaccuracy,errors, omissions, is assumed by the Seller or its agents.
TERMS OF SALE30-ROOM HERITAGE PLACE INN - MARKLE IN
