OLO Storage Unit Real Estate Auction - Rensselaer, IN | Live and Online Auctions on HiBid.com

Online Only Storage Unit Real Estate Auction Bidding Begins to Close October 22, 2024 5:30pm CDT Located at 620 N McKinley Ave. Rensselaer, IN. If you have been looking for a lucrative investment property, then here is an income producing property for you. Located in the downtown of Rensselaer on US-231/McKinley Avenue is this four building storage facility with 41 storage units and 2 larger commercial rentals. The first building was built in 1929, features 1362 square feet and rented as one large unit. The second building was built in 1999 and features 2800 square feet of mini-storage. The third building was originally built in 1951, but was added on to and remodeled in 2000. It features over 3100 square feet of space including the largest rental unit and numerous mini-storage units. Lastly the fourth building was built in 2003 with 1800 square feet of mini-storage space. The facility sits on a 0.46 acre corner lot. Annually the facility generates over $53,000 in revenue, and has the potential for increased revenue. This long term storage facility is ready for a new owner! Taxes 2023 Pay 2024: $2,779.78. Minimum Bid: $199,900.00 "Sells to the highest bidder at or above the opening bid." Open House: October 11th 12pm-2pm. Can't make itt? Call for a private showing. Owner: A&E Leasing General Terms: $10,000 non-refundable down payment immediately after the sale, sold as-is, closing in 30 days, possession at closing, warranty deed, taxes pro-rated and final to day of closing, published minimum bid $199,900, and subject to a 10% buyer's premium. Buyer broker participation is welcome. Kraft Real Estate Auctions, LLC - AC31900011 Col. Conrad Kraft- AU01023657 Jonathan Kraft – AU10500173 Managing Broker: Jay Mayden 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com