Lot # : 1 - Commercial Street Front Real Estate

Online Only Auction
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Westville, IN 46391
Date(s)
10/9/2024 - 11/13/2024
AUCTIONEER INFORMATION
Catalog
Bidding Notice:

ONLINE AUCTION

Information
Lot # 1
Group - Category Real Estate - Commercial Properties
Lead Commercial Street Front Real Estate
Description
4,025 sqft. of commercial street front real estate, located in Westville, IN. Formerly was known as Jimmy’s Grub and Pub, used as a bar and restaurant. A wet bar located in back, family dining up front, kitchen area, and potential apartments upstairs. Liquor license is transferable upon approval. Don’t miss out on this investment opportunity!
Name Jimmy's Grub & Pub Real Estate - Westville, IN
Auctioneer
Lestinsky Auctioneers LLC
Type Online-Only Auction
Date(s) 10/9/2024 - 11/13/2024
Auction Date/Time Info
Online Only Auction Wednesday, November 13th at 6pm cst
Preview Date/Time Call Jim at 219-608-9615 for private viewing
Checkout Date/Time $10,000 earnest money is due within 24 hours of auction closing. Remainder is due 30 days or less
Location
363 W Main St
Westville, IN 46391
Buyer Premium 10% Buyers Premium
Description
Unlock the immense potential of this early 20th century historic building! Conveniently located in downtown Westville, IN. This commercial real estate offers 22ft wide street front with potential for business ventures. Formerly, known as Jimmy's Grub and Pub, features 2,415 sqft. on the main level. A wet bar located in the back and an open area up front. Two bathrooms conveniently located in the middle, making great potential for use of family dining and bar entertainment. The second story offers 1,610 sqft. with potential for apartments. A liquor license is transferable upon approval, adding additional revenue potential. Don't miss out on this investment opportunity!
Terms: The successful bidder will be required to enter into a purchase and sale agreement which will not be contingent upon financing and will require a $10,000 non-refundable earnest money deposit to be paid within 24 hours of auction closing. The balance due shall be paid at the closing. Buyer is responsible for standard closing fees. Closing is to be 30 days or less. Title work is to be done by Meridian Title. Auction is being sold subject to seller's confirmation. Taxes prorated to day of closing. Sellers are to furnish buyer with owner's title insurance and merchantable deed. Lestinsky Auctioneers LLC. is representing the seller in this transaction. 10% buyers premium POSSESSION: Day of Closing
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 40,000.00 1,000.00 USD
40,000.01 - 50,000.00 500.00 USD
50,000.01 - 60,000.00 250.00 USD
60,000.01 - 75,000.00 100.00 USD
75,000.01 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium 10% Buyers Premium
Payment Terms
Non refundable down payment Cash, Check, Credit card with a 4% convience fee.