Listing Courtesy of: Andy Eckert - Ness Bros. Realtors & Auctioneers

220 E Logan Street Markle, IN 46770

General Commercial Residence
Beds
1 Baths
Sq. Ft.
0.59 Acre Lot

Property Overview

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***All offers must be submitted via www.NessBros.com and high offer amount will be available to public (no secret/sealed bids, everything is transparent and visible, all buyers have equal/fair playing field). Two highest offers will be reviewed Tuesday, May 25th @ 3:00 pm. There will be only one in...spection viewing date held on Sunday, May 16th from (1-3). This will be the only time to see inside the rental units due to Occupancy of Tenants.*** This is a Commercial Motels/Tourist Cabin property with 8 Efficiency Rental Units and a 2 bedroom Ranch house on 0.59 Acres. Formerly the Slumber Inn, The Investment Income Potential generates about $40,000 after expenses if fully occupied & is now at 90% Occupancy with Current Lessees in place. The Motel is 2,682sqft with 8 Efficiency Apartment Units with a potential of 10 Units (2 have been joined combining 2 rooms) with Exterior Entrances and 11,300sqft Paved Parking lot. The Home has 1,364sqft of Living Space with 2 Beds 10x12, 1 Bath, Large 18x16 Living, Kitchen 10x12, Dining 19x15, a 16'x24' Deck for Entertaining and a 14'x22' Detached Garage with 8'x14' Lean-To with concrete floor for extra storage. This Property is Located off Main Hwy 224 with High Visibility........... ***Auctioneer reserves the right to make changes to an auction, to split or combine lots, cancel, suspend, or extend the auction event. This property is LISTED at ASSESSED VALUE and may sell at, above, or below listed price depending on the outcome of the auction bidding.*** Continue reading
MLS#
202114910
Property Type
General Commercial
Bathrooms
Year Built
1947
Lot Size
0.59
Sewer
City Sewer

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Listing Courtesy of: Andy Eckert - Ness Bros. Realtors & Auctioneers
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, albertw.page@xome.com, 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


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This content last refreshed on 5/5/2021 8:45:00 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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