5100 sf building with retail & apartments in Rome City


116 Front St. Rome City, Indiana 46784

Saturday, October 28th, 2017 @ 10:00 am

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5,100sf building featuring retail space & multiple apartments in Rome City, near Sylvan Lake.

Approx. 51ft of Covered Frontage • Open Concept Retail Space • Unfinished Storage Basement • 1 Bedroom & 2 Bedroom Apartments • Street Parking (Approx. 10 Spaces) 
GREAT INVESTMENT OPPORTUNITY! Located on the north end of Rome City, this property offers endless possibilities minutes from All Sports Sylvan Lake, Kendallville and Albion. 

SHOWINGS BY APPOINTMENT ONLY. Call Scheerer McCulloch @ 260.441.8636

Property Features

  • Main Level - Retail Space:

    • 43’ x 106’
    • carpet
    • 11ft & 13ft ceilings
    • ceiling lights
    • open concept
    • large front windows overlooking Front St.
    • ceiling heater (gas)
    • access door to back of building
    • 8’ x 8.5’
    • vinyl floors
    • dual toilets
    • vanity w/ mirror
    • storage closet in main area
    Service/Shipping Area:
    • 11’ x 20’
    • vinyl floors
    • ceiling lights
    • Sterling ceiling heater (gas)
    Full Basement - Split into Multiple Areas:
    • approx. 3,000+/- sf of space
    • concrete floors
    • ceiling lights
    • housing for major utilities for building
    • plenty of storage

  • 1 Bedroom Apartment:

    Entry on Front of Building
    Main Level - Sitting Room, Full Bathroom w/ Shower, Storage Area, Gas Furnace
    Upper Level - 7’ x 13.5’ Bedroom w/ Closet in Hallway, Full Kitchen

  • 2 Bedroom Apartment - Upper Level:

    Entry on Side of Building
    • Living Room: 8’ x 14’, carpet
    • Full Kitchen: 7’ x 25’, vinyl floors, ceiling lights, eating area, cabinets
    • Family Room: 11’ x 12’, carpet, lighted ceiling fan
    • Bedroom #1: 11’ x 17’, carpet, closet, ceiling
    • Full Bathroom: 6’ x 11’, vinyl floors, tub/shower combo, vanity, ceiling light, built-in medicine cabinet
    • Bedroom #2: 8’ x 14’, carpet, closet, ceiling

  • Other Property Features:

    TAXES: $1,646.80 w/out exemptions (2016 p 2017)
    5,100+/- sf of retail & apartment space
    Built in 1900
    • Noble County | Orange Township | Lot Size: .32+/- (51’ x 109’) | Zoned - CB (Central Business)
    • City Sewer | Well Water | Open Concept Retail & Apartment Space | 10+ Street Parking
    • 5’ x 52’ Lighted Front Overhang | Approx. 51ft of Road Frontage | Hanging Signage From Building
    • Coleman Echelon 9.S Series Gas Furnace | (2) Hanging Heaters | (2) Richmond Gas Water Heaters
    • Multiple Panels | Block & Aluminum Exterior | Asphalt Shingle Roof | Outdoor Security Lights
    • High Traffic Volume w/ Endless Possibilities on the Northside of Rome City, Minutes from All Sports Sylvan Lake

Real Estate Terms

Buyer Brokers welcome (contact auctioneer for details).  $10,000 down day of auction, balance on closing.  Buyer(s) to pay winning accepted bid price plus a 2.5% buyers premium (2.5% of winning bid) due at closing.  Property sold absolute, no reserve, sells regardless of price.  Property sold as-is, where-is.  Property sold for cash. (The sale of this property may be financed; however, the sale of this property IS NOT CONTINGENT to financing approval).  The information stated in this brochure are the opinions of the sellers, Scheerer McCulloch Auctioneers, Inc. and its agents, however, the decision to bid on the real estate property is entirely up to the individual bidders based on their own individual inspections, research and opinions. All statements, measurements, zoning and tax information are from reliable sources, however, are not guaranteed to be accurate. Statements made day of auction takes precedence over any and all previous oral or written matter.  Real estate closing within 30 days of auction.  *Real estate taxes: Real estate tax information stated indicates what the current owner is required to pay and is merely a guideline (the new buyer’s real estate taxes may or may not be the same as what the current owners is required to pay). Real estate taxes prorated to date of closing.