Item 1
301 East Utica Street, Sellersburg, IN 47172
Item Is Closed 301 East Utica Street, Sellersburg, IN 47172
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360 Degrees
301 East Utica Street, Sellersburg, IN 47172
Sold
$421,000
Timed Auction
Prime Downtown Office & Apartment Building Online Auction
DescriptionDocumentsLocation Map
RESERVE LIFTED Selling to the Highest Bidder

Selling online at auction, a renovated 2-story brick office and 3-unit apartment building in a prime established business location in the Downtown District of Sellersburg near the Sellersburg Town Hall. Great buying opportunity to invest in Clark County - just minutes from shopping, schools and expressways about 15 minutes north of Louisville.

PROPERTY HIGHLIGHTS

* Highly Visible Downtown Commercial Corner Lot
* Renovated 2-Story Brick Building Built 1943
* 1st Floor - 2,772 Sq. Ft. Furnished Office
* 2nd Floor - 2,122 Sq. Ft. Three Apartment Units
* (2) One-Bedroom Units - (1)Two-Bedroom Unit
* Private Coded Entrance to Apartments
* Apartment Rental Income - Monthly $2,300
* Office Rental Income - Owner Occupied
* Zoned DT - Downtown District
* Utility Shed - Carport Canopy - Courtyard

301 E. UTICA STREET, SELLERSBURG

Income producing investment property ready to move into located on the corner of Utica Street and New Albany Street in downtown Sellersburg. The renovated two-story brick building has 2,772 square feet of office space on the first floor - completely furnished with built-in workstations and furniture plus 3 apartment units on the 2,122 square foot second floor with private coded entrance. Great location with easy access to IN-60 and just minutes to I-65 interchange.

FIRST FLOOR — Furnished Office

2,772 Square Feet
3 Private Offices
5 Open Air Cubicle Spaces
Built-In Reception Counter
Private Conference Room
Break Room with Kitchenette
Mail Room with File Cabinets
Large Half Bath

HEAT & COOLING
Hot Water Boiler Heat with Heat Exchanger
Gas Furnace (New October 2023)
Central Air Conditioning

MONTHLY RENTAL INCOME
Office - Owner Occupied

SECOND FLOOR — 3 Apartment Units

2,122 Square Feet
Private Coded Entrance
(2) 1 Bedroom & (1) 2 Bedroom Units
Equipped Kitchens
HEAT & COOLING
Hot Water Radiator Heat
Window A/C Units

MONTHLY RENTAL INCOME
Unit A - $600.00 - 1 Bedroom - 1 Bath - Tenant Since 2016
Unit B - $800.00 - 1 Bedroom - 1 Bath - Tenant Since 2022
Unit C - $900.00 - 2 Bedroom - 1 Bath - Tenant Since 2022
Month To Month Lease
All Utilities Included

UTILITIES
Duke Electric
CenterPoint Energy
Silver Creek Water
Town of Sellersburg Sewers

REAL ESTATE TAXES (2022-2023)
Sellersburg Town (Annual) – $4,042.94

ZONING
DT - Downtown (DT) District. There are specific site and use development standards for this district. Please refer to the Unified Development Ordinance (UDO) for reference.
https://sellersburg.org/wp-content/uploads/2023/10/Sellersburg-UDO-CURRENT-COPY-1.pdf

FLOOD ZONE
FEMA records indicate that the property is not in a flood zone.

LEGAL DESCRIPTION
Eisman Add. Pt. Lot 1

PARCEL
Parcel # 10-17-11-000-644.000-031

SCHOOL CORPORATION
Silver Creek Schools
Item Updates
BUYERS PREMIUM 10% Buyer’s Premium added to the hammer bid price to determine the final purchase price. REAL ESTATE TERMS A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing per tenant’s rights. See full details in the Auction Bid Packet. OPEN INSPECTION Tuesday, November 14, 2PM - 4PM and Monday, November 20, 11AM - 1PM or contact us for a private showing. PROPERTY LOCATION 301 East Utica Street, Sellersburg, IN 47172 SELLER Utica Street Property LLC DIRECTIONS I-265 to I-65 North to Exit #9 toward Sellersburg/Speed. Merge onto County Road 311S. Continue on S. Indiana Avenue 0.3 miles to right on E. Utica Street. Auction 0.1 mile on left.
Condition
AS-IS
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