COMMERCIAL REAL ESTATE AUCTION
7874 E State Road 28, Elwood, Indiana 46036
Tipton County
4.09± Acres • 8,120± Total Sq. Ft. • Two Commercial Buildings • High-Visibility State Road 28 Frontage
Opportunity is knocking—and it brought plenty of parking.
This versatile commercial property offers approximately 4.09± acres with approximately 8,120± total square feet across two standalone buildings. Located along the heavily traveled State Road 28 corridor, the property provides the visibility, paved outdoor space and operational flexibility needed by an owner-user, investor, contractor or fleet-based business.
The seller will fully empty the property prior to closing, providing the successful purchaser with clear possession and a clean slate from day one.
PROPERTY HIGHLIGHTS
- Approximately 4.09± acres
- Approximately 8,120± total square feet
- Two separate commercial buildings
- Large paved parking and equipment-staging area
- Excellent frontage and visibility along State Road 28
- Commercial General zoning
- Newer roofs on both buildings, approximately two years old
- Active billboard rights included with the property
- Clear possession at closing
- Municipal water and sewer serving the office building
MAIN COMMERCIAL WAREHOUSE
Approximately 6,920 square feet with:
- Two large drive-in entry doors
- Interior office area
- Loft storage
- Well-water service
- Flexible space for storage, repair, fabrication, logistics or other commercial operations
OFFICE / FLEX BUILDING
Approximately 1,200 square feet featuring:
- Heating and air conditioning
- Municipal water and sewer
- Office, retail, dispatch or customer-service potential
- Clear possession at closing
POTENTIAL USES
The property's layout and location may suit a variety of commercial operations, including trucking, auto sales or repair, construction, landscaping, equipment rental, farm equipment sales, moving and storage, fleet operations, retail, light manufacturing or contractor headquarters, subject to applicable zoning and governmental approvals.
AUCTION INFORMATION
Online Bidding Opens: Wednesday, August 12, 2026 at 12:00 PM
Live Auction: Friday, August 14, 2026 at 12:00 PM
Auction Location: On-site at 7874 E State Road 28, Elwood, IN 46036
Inspection: To Be Announced
IMPORTANT AUCTION TERMS
- A 10% buyer’s premium will be added to the final high bid to determine the contract purchase price.
- Property sells AS-IS, WHERE-IS with no inspection or financing contingencies.
- Sale is subject to seller confirmation.
- The successful bidder must execute the purchase agreement immediately following the auction.
- A non-refundable down payment is required immediately following the auction.
- Closing shall occur within 30 days of seller confirmation.
- Possession will be delivered at closing.
Please review the complete Terms and Conditions, bidder information packet, property documents and all available disclosures before bidding. Prospective bidders are responsible for completing their own inspections, investigations and due diligence before the auction.
Real estate auction conducted by Burgess Auctions LLC in cooperation with Jason Snider and J. Snider Real Estate.
Questions or Showing Appointments
Jason Snider: 317-507-1692
Burgess Auctions: 765-445-7814
Commercial Real Estate Auction
Burgess Auctions, LLC, in cooperation with J. Snider Real Estate, is pleased to offer this exceptional commercial property at public auction.
Situated on approximately 4.09± acres along heavily traveled State Road 28 in Elwood, Indiana, this versatile commercial property offers an outstanding opportunity for owner-users, investors, contractors, fleet operators, manufacturers, distribution companies, and expanding businesses seeking a well-located facility with room to grow.
The property features an approximately 8,120± square foot commercial building designed for a variety of industrial and commercial uses. Improvements include warehouse space, office areas, and support facilities, providing flexibility for numerous business operations.
Positioned with excellent highway visibility and convenient access, the property offers the exposure and accessibility today's businesses require. The generous site provides ample parking, equipment storage, vehicle maneuvering, and future expansion potential.
Whether you are looking to establish a new headquarters, expand your existing operation, relocate your business, or add to your investment portfolio, this property presents a rare opportunity to purchase commercial real estate at public auction.
Property Highlights
- Approximately 4.09± acres
- Approximately 8,120± square foot commercial building
- Excellent frontage and visibility along State Road 28
- Warehouse and office improvements
- Ample parking and outdoor storage areas
- Convenient access for commercial traffic
- Flexible commercial use potential
- Investment or owner-occupant opportunity
Prospective buyers are encouraged to review all available property information, photographs, the virtual tour, legal documents, and the bidder information packet prior to bidding. Property inspections are welcomed during the scheduled preview or by appointment.
This is your opportunity to determine the market value through competitive public bidding. Register today and bid with confidence.
BURGESS AUCTIONS LLC
Trusted Auctions, Timeless Results.
www.burgessauctions.com • (765) 445-7814 •
[email protected] • AU19600029
COMMERCIAL REAL ESTATE AUCTION — TERMS & CONDITIONS
7874 E. State Road 28, Elwood, IN 46036 (Tipton County)
Online Bidding Opens: Wednesday, August 12, 2026 at 12:00 PM • Live Auction: Friday, August 14, 2026 at 12:00 PM (On-Site)
1. Method of Sale
This property will be offered via a combined online/live auction format. Online bidding opens Wednesday, August 12, 2026 at 12:00 PM Noon and continues through the live auction event on Friday, August 14, 2026 at 12:00 PM, at which time bidding will conclude at the live event location. Bidders may participate online through the bidding platform or in person at the live auction.
2. Registration Requirements
All potential bidders must register prior to the start of the auction, either online or in person. A valid government-issued photo ID is required. Please refer to the Burgess Auctions Bidder Registration & Acknowledgment Form for complete registration requirements. Burgess Auctions LLC reserves the right to require proof of funds or a pre-qualification letter and to refuse registration to any prospective bidder.
3. Buyer's Premium
A 10% Buyer's Premium will be added to the final high bid to determine the total contract purchase price.
Example: Winning Bid $60,000 + 10% Premium ($6,000) = Total Contract Price: $66,000
4. Down Payment
The winning bidder must deliver a non-refundable down payment of $10,000 immediately following the close of bidding on auction day, payable to Fidelity National Title. Accepted forms of payment are bank wire, certified funds, or cash (to be confirmed with Fidelity National Title). This down payment will be credited toward the total contract purchase price at closing.
5. Purchase Agreement & Contract Documentation
The winning bidder will be required to execute a Real Estate Purchase Agreement immediately following the auction. The sale will be completed using the standard Indiana Association of Realtors Purchase Agreement, along with an auction-specific addendum outlining all terms and conditions. Documents will be available for review at registration. Failure to execute the purchase agreement or deliver the down payment as required will constitute a default, and the property may be re-offered at the auctioneer's discretion.
6. Property Condition
Property is being sold “AS-IS, WHERE-IS” with NO inspection contingencies of any kind. Bidders are strongly encouraged to complete all due diligence prior to auction day.
7. Financing Contingencies
There are NO financing contingencies. Financing pre-approval is strongly recommended prior to bidding. If the winning bidder is unable to close within the required timeline for any reason, including inability to secure financing, the $10,000 deposit will be forfeited.
8. Possession
The property currently contains the seller's contents. The seller will fully empty the property prior to closing. Possession will be given to the buyer at closing.
9. Closing
The winning bidder must close within 30 days of Seller's Confirmation, on or before September 16, 2026. Time is of the essence.
10. Title & Closing Costs
Seller will pay standard seller closing costs and will provide an Owner's Title Insurance Policy through Fidelity National Title. Buyer is responsible for all additional closing costs.
11. Real Estate Taxes
Buyer is responsible for all real estate taxes due and payable after May 2026, prorated to the date of closing.
12. Broker Participation
A 3% commission will be paid by the Seller to Buyer Brokers at closing upon successful close of the transaction. The Buyer Broker Participation Form must be completed and received no later than 5:00 PM on Thursday, August 13, 2026 — no exceptions. Submit to Jason Snider at
[email protected] or (317) 507-1692 (call or text to confirm receipt).
13. Seller's Confirmation
Sale is subject to Seller's Confirmation by Bill Coots, owner. The seller reserves the right to accept or reject the final bid.
14. Auctioneer's Discretion & Announcements
Auctioneer's announcements on auction day, whether in person or via the online platform, supersede all printed materials and advertising and take precedence over any previously published information. Burgess Auctions LLC reserves the right to withdraw the property, reject any bid, resolve bidding disputes, remove disruptive individuals, and set bid increments at its sole discretion. Burgess Auctions LLC is acting as Seller's Agent only. This auction is governed by the laws of the State of Indiana. By registering to bid, each bidder acknowledges they have read, understood, and agree to be bound by these Terms & Conditions.
Auctioneer
Zack Burgess, CAI, AMM • Burgess Auctions LLC (765) 445-7814 •
[email protected] • AU19600029
Real Estate Agent — Showings
Jason Snider • J. Snider Real Estate • RB14045952 (317) 507-1692 •
[email protected]
Integrity in Every Lot. Care in Every Sale.
Burgess Auctions LLC • Zack Burgess, CAI, AMM • AU19600029 • www.burgessauctions.com
Closing within 30 Days
