78.86+/- Acres Porter County, Indiana
Selling On Our
UNRESERVED ONLINE AUCTION
November 7, 2023
Bidding opens October 24, 2023, and ends November 7, 2023, at 11:00 a.m. CDT
Description: This is your opportunity to own 78.86+/- acres of premium transitional land located in Porter County Indiana. It is Zoned R-2 (For Residential Development). It has Residential Developments on the North and West sides of the property. The East side of the property has approx. 2,800 Ft. of road frontage along N.450 W/Samuelson Rd. The Indiana Elite Soccer complex is located directly across the road (N.450W/Samuelson Rd) to the East. The northern cross street is Silver Cloud Dr. The narrow waterway through the south/center portion of the property offers a wonderful opportunity to develop a beautifully unique green space and/or multiple residential lots. The City of Portage, Department of Planning and Community Development, has provided documents related to this property. You can access these documents on this webpage. The property is currently being farmed by the seller.
For information from the City of Portage, Department of Planning and Community Development please contact:
AJ Monroe, AICP
Director, Department of Planning & Community Development
City of Portage, IN
Phone 219.762.4204
Email: ajmonroe@portage-in.com
Address: 6070 Central Ave. Portage, IN 46368
The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
American Legion
5675 Mulberry Ave
Portage IN 46368
BigIron Realty Agents will be at the American Legion in Portage, IN, on Tuesday, November 7, 2023, from 9:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the property. BigIron Realty Representatives will assist buyers with registering to bid online. You do not have to be present to bid online, but you must be available by phone.
Bidding Process: You may place bids on this property for 14 days, beginning October 24, 2023, and ending November 7, 2023, at 11:00 a.m. CDT. This unreserved online auction features bidding extensions. The closing time will be automatically extended if a bid is received in the last 5 minutes and will close when no bid is received for 5 minutes. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24hours before the auction closes or call 800-887-8625 for assistance.
Legal Description: E 1/2 SW & 38.31 X 533.65 W 1/2 SW sec 18 & N400 E 365 NE NW 19-36-6 Porter County, IN, containing 78.86+/- acres.
Parcel# is 640618376002000016
2023 Taxes: $2,366.00
Property Location: Located in Portage, IN. From I 94 Ext 15A, turn right. On US 6E/IN 51S/Ripley St., go .6 miles and turn left on Central Ave., go 2 miles, and turn left to stay on Central Ave. Go 2.6 miles, turn right onto N.450W/Samuelson Rd, and go 5 miles. The property is on the right.
Title Services: Meridian Title Corporation, Portage IN 46368
Ken Maguire 317.385.7415
Terms: The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to Meridian Title Corporation: 6340 E Main Street Suite A. Portage, IN 46368, with the balance due at closing. The earnest deposit can be made by an irrevocable wire transfer. Closing will be on or before December 7, 2023, possession will be at closing. Seller will provide marketable title to the Buyer, evidenced by title insurance. The buyer and seller will split 50/50, all other closing costs. The 2023 taxes will be prorated to the closing date. The property will not be sold subject to financing. Please have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.