“Selling Absolute at or Above $150,000.00"
Previously Listed at Over $400K

Property Location

616 Superior Street, Fort Wayne, Indiana (View Map)

Auction Location

On Site

Property Description

Take advantage of this once in a lifetime opportunity! Built in 1843 by the McCulloch family, this building started out as a private residence and later became the Fort Wayne Medical College. Later it was inhabited by the Turners club and after several other owners, was abandoned until taken over from Arch and beautifully restored. With over 11,000 SF this property has ample parking, can be subdivided for multiple tenants, and has an apartment on the third floor of the building. Over $400,000.00 in repairs and updates.

Real Estate Inspection

September 16th from 5pm to 7pm or call Sale Manager for a private showing.

Terms and Conditions

Method of Payment: A non-refundable earnest money deposit of 10% of the bid amount will be required the day of sale with the balance due the day of final closing. Closing to be within 30 days of auction.  This real estate is being sold for cash and your bidding is not contingent upon financing.  Have your financing prearranged prior to auction day.

Buyer’s Premium:  In order to determine the final sales price of the real estate, a 5% buyer’s premium will be added to the winning bid.

Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following auction at the site.  The Property will sell absolute at or above $150,000.00.

Title: Seller will provide Buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of title; Cost of said owners policy shall be split 50:50 between the Buyer and the Seller.  The cost for the insured closing fee shall be split 50:50 between Buyer and Seller.  Seller will provide Buyer with a fully executed deed transferring title to the Buyer.

Taxes: Taxes will be prorated to the day of final closing.

Possession:  Day of final closing.

Survey: The Seller will not provide the Buyer with a survey.  In the event that the Buyer or the Buyers Lender requires a Survey it will be at the Sole Cost of the Buyer.

Agency:  The Steffen Group along with Mike Thomas and Its Associates are acting as the exclusive agent of the seller.