Court Ordered Sale


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Location: 8510 Lake Shore Drive, Cedar Lake, IN, 46303
THIS AUCTION IS CLOSED

Bankruptcy Court Orders Quick Sale: Lake Front Development Opportunity in Cedar Lake, IN

*OPEN HOUSE DATES & TIMES: Monday, July 25th from 10am-Noon; Dan Rohaley 219.765.0012; Saturday, July 30th from10:30am-12:30pm; Michael Lunn 219.776.6840*

Minimum Bid/Published Reserve: $250,000

ANY OFFERS RECEIVED PRE-AUCTION THAT ARE LESS THAN THE MINIMUM BID WILL BE HELD AS BACK-UP BIDS UNTIL AUGUST 10, 2016

Click Here to View Purchase and Sale Agreement (PDF)

*THIS SALE WILL BE SUBJECT TO THE BANKRUPTCY COURT APPROVAL*

CASH BUYERS ONLY; $2,500.00 NON-REFUNDABLE EARNEST MONEY DEPOSIT; CLOSING MUST OCCUR BEFORE 8/10/16.

Buyers Premium: 6%

Cooperating Broker's Commission: 2%

Building Size: Approx. 8,174 sf

Lot Size: Approx. 1.12 acres

2014 Taxes:

$7,573.84 PIN #: 45-15-22-401-003.000-014

$666.98 PIN #: 45-15-22-401-004.000-014

Zoning: R-2 ("with a special use for a commercial activity")

Approx. 8,174 sf building (formerly known as the Eller Brady Funeral Home) along with approx. 1.12 acres of land with a beautiful view of Cedar Lake. This property is located on Lake Shore Drive in Cedar Lake, Indiana, directly across the street from the lake.

The property is sold “As Is” with no warranties, either expressed or implied, or guarantees given concerning the condition of the real estate or the personal contents therein. If the closing, and funds disbursed, cannot take place prior to August 10, 2016, the sale will be deemed null and void. The final sale/purchase of the subject real estate is subject to Court Approval by the Bankruptcy Court in Case Number 15-22788.

Parcel # 45-15-22-401-003.000-14

PARCEL 1: PART OF THE SOUTHEAST QUARTER OF SECTION 22, TOWNSHIP 34 NORTH, RANGE 9 WEST OF THE 2ND P.M., MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF THE SOUTHEAST QUARTER OF THE ABOVE SAID SECTION; THENCE WEST ALONG THE NORTH LINE OF THE SOUTHEAST QUARTER A DISTANCE OF 1056.10 FEET TO THE CENTER LINE OF LAKESIDE DRIVE; THENCE SOUTH 48 DEGREES 30 MINUTES WEST A DISTANCE OF 202.43 FEET; THENCE SOUTH 43 DEGREES 10 MINUTES WEST A DISTANCE OF 552.70 FEET; THENCE SOUTH 31 DEGREES 04 MINUTES WEST A DISTANCE OF 177.81 FEET TO THE PLACE OF BEGINNING, SAID POINT BEGING ON THE CENTER LINE OF LAKESIDE DRIVE; THENCE NORTH 53 DEGREES 17 MINUTES WEST A DISTANCE OF 178.3 FEET; THENCE SOUTH 36 DEGREES 26 MINUTES WEST A DISTANCE OF 165.54 FEET; THENCE SOUTH 53 DEGREES 37 MINUTES EAST A DISTANCE OF 176.1 FEET; THENCE NORTH 47 DEGREES 01 MINUTES EAST A DISTANCE OF 52.55 FEET; THENCE NORTH 32 DEGREES 41 MINUTES EAST A DISTANCE OF 113.00 FEET TO THE PLACE OF BEGINNING, IN LAKE COUNTY, INDIANA. (Hereinafter referred to as “Parcel 1”)

Parcel # 45-15-22-401-004.000-014

PARCEL 2: PART OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 34 NORTH, RANGE 9 WEST OF THE 2ND P.M., IN LAKE COUNTY, INDIANA, DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE NORTH LINE OF THE SOUTHEAST 1/4 OF SAID SECTION 22, WHICH POINT IS 341.20 FEET EAST OF THE NORTHWEST CORNER OF SAID 1/4 SECTION; THENCE SOUTH 21 DEGREES 20 MINUTES 22 SECONDS EAST A DISTANCE OF 831.38 FEET TO THE POINT OF BEGINNING; THENCE NORTH 57 DEGREES 18 MINUTES 00 SECONDS EAST A DISTANCE OF 127.07 FEET TO THE WEST CORNER OF A PARCEL OF LAND RECORDED IN DEED RECORD 943, PAGE 472, IN THE RECORDER’S OFFICE OF LAKE COUNTY, INDIANA; THENCE SOUTH 53 DEGREES 09 MINUTES 20 SECONDS EAST ALONG THE SOUTHWESTERLY LINE OF SAID PARCEL RECORDED IN DEED RECORD 943, PAGE 472, A DISTANCE OF 153.31 FEET TO THE NORTHERLY LINE OF THE 40 FOOT RIGHT OF WAY OF WEST LAKE SHORE DRIVE; THENCE SOUTHWESTERLY ALONG SAID RIGHT OF WAY LINE ON A CURVE CONVEX TO THE SOUTH, HAVING A RADIUS OF 223.25 FEET BEARING SOUTH 68 DEGREES 12 MINUTES 48 SECONDS WEST ON THE CHORD A DISTANCE OF 94.73 FEET ALONG THE ARC TO THE POINT OF TANGENCY; THENCE SOUTH 80 DEGREES 22 MINUTES 10 SECONDS WEST ALONG SAID RIGHT OF WAY LINE A DISTANCE OF 113.75 FEET; THENCE NORTH 21 DEGREES 20 MINUTES 22 SECONDS WEST A DISTANCE OF 82.89 FEET TO THE POINT OF BEGINNING. (Hereinafter referred to as “Parcel 2”)

Cooperating Broker Licensed in the State of Indiana: Re/Max Commercial Property Solutions License #LC10300090; Michael Lunn License #RB14025544

 

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