Sells to Highest Bidder at Auction At or Above $125,000
4,096+/-sf turn-key bar and restaurant built in 1900 on 0.27+/-ac. All equipment, furniture, decor and a liquor license (new owner must qualify for transfer); as well as remaining inventory, web domain, and name rights will convey. The restaurant and bar area seats approximately 100 people and the building sits on a 100' x 180'+/- lot. In addition to the turn-key restaurant, there are two leased residential 1BR 1BA units upstairs.
* Recent updates include: a newer roof, upgraded electrical service, newer central air/furnace and new carpet
* Equipment includes but not limited to: 6 Burner Commercial Stove, Fire Suppression System, Flat Grill, Charbroiler, Convection Oven, Fryers, Slicer, Several Refrigerators and Freezers, A Walk-in Freezer, A Walk-in Refrigerator, Bar Equipment including Keg Cooler with 3 lines, Soda Dispensing System, Various Prep and Work Tables, Dining Tables, Chairs, Barstools and sound system.
* Other features include: an emergency 22 kilowatt building generator, fenced in back lot with storage sheds and separate fenced-in dumpster area.
Open Public Inspections: 11-2pm Friday November 8 and 15
Open Public Inspections: 11-2PM Friday November 8 and 15
* Liquor License Disclosure. The right to apply for transfer of existing liquor license conveys with the real estate. The sale of the real estate is NOT contingent upon buyer's qualification for liquor license transfer. Buyer should complete all due diligence regarding necessary licensee qualifications prior to bidding.
* Occupied Property w/Month to Month Lease Disclosure. Buyer acknowledges and understands that property herein is occupied. Neither Seller nor Williams & Williams have any information regarding any tenant's security deposit associated with said lease agreements. Upon closing, Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein.
* DO NOT BID unless you have read the Williams & Williams Terms & Conditions of Sale, the Contract for Sale, Property Disclosures, all available due diligence materials, and the Auction Day Notes for each property. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.
* All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale.
* Escrow. Buyer acknowledges receipt of the Joint Escrow Instructions that modifies the Contract for Sale to provide for a designated Escrow Agent to hold down payment funds. Buyer and Seller agree that the Escrow funds may be held in a trust/escrow account located outside of the state where the Property is located.
* Property Tax Disclosure Summary: Buyer Should Not Rely On The Seller's Current Property Taxes As The Amount Of Property Taxes That The Buyer May Be Obligated To Pay In The Year Subsequent To The Purchase. A Change Of Ownership Or Property Improvements Triggers Reassessments Of The Property That Could Result In Higher Property Taxes. If You Have Any Questions Concerning Valuation, Contact Property Appraiser's Office For Information.
* Square Footage/Acreage Disclosure. The source of the square footage or acreage represented for the property is from public record. Buyer understands and acknowledges that square footage or acreage measurements of a property can vary from a few feet to several hundred feet regardless of source (County Assessor's records, appraisal or appraisal measurement report, survey, etc.). Buyer shall be solely responsible for satisfying that the size and/or square footage or acreage of the property is acceptable to the Buyer.
* Personal Property Not Included. Only title to the real estate is being conveyed. Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.
* Zone, Code, and Use Disclosure. Buyer acknowledges that the Property shall be purchased "AS-IS, WHEREIS, WITH ALL FAULTS." The Property may be subject to city, village, and/or county code or zoning violations, and Buyer accepts the property subject to any such violations. Buyer agrees to conduct an independent search of all property records in the city, county, and/or village prior to bidding and has bid accordingly. Buyer shall be responsible for any and all required remediation of the property, if any. Buyer shall not rely on any information provided by the Seller or Williams & Williams regarding the status of any code or zoning violations, and shall base its decisions on its independent inspection. Buyer also acknowledges that the property may be subject to city, village, and/or county occupancy regulations and requirements which may impact the current and/or future use of the properties. Buyer acknowledges that the seller and Williams & Williams make no warranties of any nature, express or implied, as to the permitted uses of the property, and any prohibition of buyer's intended use of the property shall not be a grounds for terminating the contract.
* Pictures may not reflect specific parcel, entire parcel, or current conditions of any structures that are present.
Lots Numbered Fifteen Hundred Twenty-one (1521), Fifteen Hundred Twenty-two (1522) and Fifteen Hundred Twenty-three (1523) in the Original Plat of the Town of Fowler, Benton County, Indiana, as per plat thereof recorded in Plat Book 13, page 63, in the Office of the Recorder of Benton County, Indiana. EXCEPT the North thirty-two (32) feet of even width off of said Lots.
- "As-Is, Where-is", no contingencies to sale
- 5% Buyer's Premium ($6,250 minimum)
- 10% Down-payment ($5,000 minimum)
- View full Terms of Sale
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