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
