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Commercial RE Aviation Auction

102 Ballard Lane, Greencastle , Indiana 46135 - Putnam County
$1,950,000 17.34 Acres
Property ID 2675718


Commercial Real Estate Aviation Auction

Dixie Chopper Business Center, 2 Hangars, 3.34 acres; Home w/1 Hangar & 3 acres & 10 Acres (A Turn Key Operation)

Dixie Chopper Business Center, LLC will offer the following Real Estate for sale located at: 102 Ballard Lane, Greencastle Township, Putnam County, Greencastle, IN.

Real Estate: This is a steel framed structure with a concrete slab floor, metal roof, 2 Large Carrier heat/air units, generator, Asphalt parking lot w/approx.

42 on-site parking spaces, drive and ramp and includes the 4 following areas:

Final Approach Bar and Grill: Consists of all trade fixtures, concrete slab patio,outdoor seating, gas wall oven, ice maker, 3 sinks, walk-in cooler/freezer w/rubber roof and bar.

Business Center: Consists of a conference room w/a large pull-down projector screen w/a DVD player, VHS player, stereo system, carpet and seats up to 50 people.

Also, a nice display area, reception deck and counter.

Event Center: Consists of 2 hangars, halogen lighting, concrete slab floor, electric hangar doors, gas heaters, restroom, electric water heater and a tornado shelter.

The Seller states, One hanger is 70 ft x 80 ft and the one to the south is 80 ft x 90 ft.. Note: If needed, 3 jets will fit in the smaller hanger.

Hotel: Consists of 6 deluxe double rooms and 6 single rooms. The rooms are carpeted and equipped with individual heat/air, wireless internet, cable TV, microwave, refrigerator, hair dryer, clothes iron and ironing board. Both restrooms have ceramic tile floors, lay-in ceiling tile,fluorescent lighting, changing table, soap dispenser, motion sensor towel and sink. The hotel lobby has ceramic tile flooring, lay-in ceiling tiling, fluorescent lighting and check-in counter with 14 camera surveillance system. The laundry room has a commercial washer and dryer.

PARCEL NUMBERS: 67-09-23-400-037.003-007; 67-09-23-400-037.000-007

LEGAL DESCRIPTIONS: Ballard Sub (7.34a); PT Se S23 T14 R4 10a Split 2.3a to 014-500941-07 05/13/13

REAL ESTATE TAXES: Will be pro-rated at closing. Note: Probably a tax abatement for new Buyer.

TERMS OF REAL ESTATE: The Successful Bidder will deposit 10% of the contract purchase price (minimum $1,000, except for exempt entities) at the Auction

in the form of cash, cashiers check, approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyers will sign a non-contingent real estate contract with the balance due in 30 days or thereafter within 5 days of presentation of insurable title. The Real Estate will be sold AS-IS with no warranty, expressed or implied, but will be free and clear of any liens or encumbrances. An ALTA 2006 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyers by the Seller and Seller shall pay for title search, premium for owners policy and cost to correct any title defects. If obtaining a loan, the Buyers shall pay the mortgage policy and recording of necessary documents. The Auction will conclude when the Auctioneer determines that all Buyers have made their best and final offers. Anyone desiring to bid must be approved prior to sale by Johnny Swalls. Any statements made by the Auctioneer on day of sale or during the sale take precedence over any oral or written heretofore.

BUYERS PREMIUM: The Buyer(s) will pay 6% Buyers Premium which will be added to the bid price to arrive at the contract price. The Buyer is only required to pay 10% down, of the contract price, day of sale.

SURVEY: Buyer(s) will pay for survey, if one is needed.

POSSESSION: At closing and not before.

NOTE: All rented times will be honored. Also, PHI STAT FLIGHT LEASE will be honored.

FOR PRIVATE SHOWING CALL: 1-877-696-5099 or 812-249-5090

AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agent of the Seller.

AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA AU01026257, RB14033902, AC30700074


From US 231 & Vine St. in Greencastle, travel East on E Washington St.; Turn slight left (north) onto Indianapolis Rd.; Turn right (East) onto Ballard Ln; Proceed to Property. WATCH FOR JOHNNYS SIGNS!


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Other Land for Sale in Putnam County

    NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.