Public Sale of 700 W. Broadway, Fortville IN 46040

Vernon Township Property Sale Bid Details

 

Bids are to be delivered to the Vernon Township Office at 700 W. Broadway in Fortville no later than Friday August 13, 2021 at 2:00 p.m. EST.  You will be asked to sign in and turn your sealed bid packet into Township staff.  Bids will be marked by submission time/date.

Township Sale Information:

  1. Township will present clean title at closing. 

  2. Township staff will review bids within 48 hours of submission.

  3. Township staff will call with any questions on bids.

  4. Bids once opened by the Township Staff are available for public inspection.

  5. Any bid may be modified or increased prior to the bid deadline, but after Friday August 13, 2021 at 2:00 pm, no new bids or modifications will be accepted.   Any bid increases made by an existing bidder at or near the deadline may require the Township to allow all other bidders to have a final opportunity to modify their bid prior the Board’s decision on August 18th.    All bids should contain a valid email address where a bidder can be notified in writing if this event occurs and your submission of a bid constitutes your consent to receive communication from the Township by electronic mail.

  6. Township board will meet on August 18th at 6:30 pm to review bids and select the winning bid.

  7. Bid review decision is based on highest price/best use.

  8. Only the successful bidder will be notified.

  9. Closing will be within a reasonable time limit from bid acceptance.

  10. Possession of the building is negotiable.  Township offices are being relocated to 602 Vitality Drive once renovation is complete.

  11. Buyer shall pay all closing costs, transfer costs, and costs of any title insurance or other third-party confirmations desired.

  12. Buyer may pay for survey or Phase I.  This process may not hold up closing.

  13. Buyer and seller will pay their own respective advisors, attorneys or agents.

Bids must include the following:

  1. Your price offer for the property, bids must include a starting bid and may also contain a maximum bid. Must be ready buyer with payment at closing.

  2. Property will be sold “AS IS”

  3. Include intended use of property.  Seller retains discretion to reject any bid for any reason.  Seller retains the right to require deed restrictions or covenants concerning future use.

  4. Valid email address and phone number. 

 

Questions:

Stacy Nielsen

Deputy Trustee

deputy@vernontownship.us

317-485-7327 x1

Documents for Download

FAQ's Property Sale

RE: 700 W. Broadway, Fortville

 (former Seals Ambulance/Vernon Township Trustee’s office)

 

1. Property Sale Details? 
See Property Disposition Form for more details.  Bidding starts on Tuesday, July 6, 2021 at 9 am and concludes on Friday, August 13 at 2:00 pm.  You can find the property disposition form on the following page of our website at www.vernontownship.us.
 

2. Public Tours?

Friday, July 16th from 4:00 – 6:00 pm & Saturday, July 17th from 9:00 – 11:00 am. Blueprints are available for review.

 

3. Private Building Tours?

Private building tours are available upon a scheduled appointment. Please call Stacy Nielsen, Deputy Trustee at 317-485-7327 x1 if you are unable to make one of the public tour dates.
 

4. Property Valuation? 
Property Appraisals were completed by JM Compton and Schreiner Valuation. The minimum bid price was determined from the appraisals to be $585,000. Appraisals are available for purchase from Compton and Schreiner.
 

5. Zoning?   Pursuant to the Town of Fortville 700 West Broadway is zoned Business-1 (B-1).  This a grandfathered zoning district carried over to Fortville from Hancock County.   You may reference pages 268-269 of 2002 Hancock County Zoning Ordinance.    Interested bidders are encouraged to direct all inquiries concerning zoning and land use to the Town of Fortville, Planning and Building Department at (317) 485-4044, Ext 105. 

The information provided here was obtained from the Town of Fortville and land use inquiries should be directed to the Town.
 

6. Area information?

14,441, average population growth rate of 8.5%. Location is the at the gateway to the Town of Fortville near new development, situated just outside of the charming downtown area. Less than 5 miles from high residential growth in McCordsville.

 

New Residential McCordsville Building Permit Growth in 2020 = 128%

New Residential Fortville Building Permit Growth in 2020 = 39%

 

Each town continues to annex additional areas for residential and commercial growth.

 

7. Gross Building Area?

Commercial Building: 5,190 SF

Features: Office section approximately 3,825 sq ft & 2 bay (electric overhead doors garage section approximately 1,365 sq ft, total paved parking and drive area approx. 8,700 sq ft, Fully equipped kitchen
 

8. Site Area?  1.637 Acres

 

9. Possession?

The Vernon Township Trustee’s office will be relocating to 602 Vitality Drive after completion of the renovations to the building. Ideal timing for new tenant would be January 1, 2022 however possession can be negotiable based on circumstances.

 

Please note that the Vernon Township Trustee’s office is open from 9 – 11 am Monday – Thursday. Please contact 317-485-7327 x1 to submit a bid outside of listed office hours. Exception to hours will be Friday August, 13th office will be open from 9 am – 2pm.