HomeMy WebLinkAboutOpinion of Value Study by Meridian Real EstateININI 1 MN NM OM OM NM MN MN MN MN NM
Purpose of Report
II Meridian Real Estate has been asked to
prepare an opinion of value report for
REO property of Heartland Bank.
Purpose of the this report is to secure an
exclusive listing to sell the described real
estate within a six month time frame and
for a market price and compensation.
MERIDIAN®
Real Estate
I MI MI NM MN
Subject property is located north of Smokey Row
Road and south of U.S. 31 on Rangeline Road
0 200TMapQuestA
MERIDIAN®
Real Estate
I E_— MI WM OM M I MN I— r MIN
The current B -2 zoning allows retail
office uses subject to ADLS approval:
13.00 B /Business District_'
13.00.01 Purpose and Intent
The purpose of this district is to provide primarily for heavy commercial and office uses to be
developed as a unit or on individual parcels_ The Intent is to provide an area where heavy
businesses may locate with minimal requirements_
13.00.02 Plan Commission Approval.
A_ Development Plan_ Not required.
B_ Architectural Design. Exterior Lighting_ Landscaping and Signage To insure the
compatibility of the proposed use with adjoining areas, the Commission shall review the
Architectural Design, Exterior Lighting, Landscaping and Signage (ADLS) application
of any proposed use of any Lot or parcel of ground within the B -2 District prior to the
issuance of an Improvement Location Permit by the Department_ Once approved by the
Commission the Architectural Design, Exterior Lighting, Landscaping and Signage
(ADLS) shall not be materially or substantially changed or altered without the prior
approval of the Commission.
MERIDIAN®
Real Estate
°°-Par•£:. °t
M MN NM M MN OM OM MN ME
Property Taxes owing of $3,324.53
for Spring 06 payable Spring 07.
PAYMENT SUMMARY: as of March 29, 2007. Delinquent Property Tax
and Penalties:$1,705.99Spring Property Tax Installment$1,618.54Fall
Property Tax Installment$1,618.54Total Special Assessments$0.00 Total
Delinquent Special Assessments$0.00 All Penalties Added After Spring
Due Date:$161.85 Total Due for Spring 2006:$3,324.53Total Due for
Fall 2006:$1,618.54Total Payments:$3,324.53Balance Due for
2006:$1,780.39ASSESSED VALUES: as of March 1, 2005Res
Land:$0.00Nonres Land:$203,900.00Res Improvement:$0.00Nonres
Improvement:$0.00Net AV:$203,900.00Legal Description:
RITTERS HPR TRACT 1 BUILDING B 5187 SQ FT 50% INT IN CA
3/16/01 AMENDED DECLARATION 2001 -13231
MERIDIAN®
Real Estate
MN MR
1 Features of site
Lot size: acres
Zoned B -2
Improvements are proprietary "signature"
building with limited residual value.
Frontage on Rangeline Road
Frontage on proposed linear trail connecting to
Monon Trail
Located within redevelopment district
Close proximity to U.S. 31 interchange
MERIDIAN®
Real Estate
IEN MI OE ME MR E E E
e
Current businesses near subject
North: Self Storage sales and service)
El East: Dairy Queen, trailer and car sales
South: potential trail to Monon and
Centex Town homes on Smokey Row
Road (136th)
III West: Cemetery and Funeral Home
MERIDIAN®
Real Estate
EMI M M I M M i ME NEI S M MI II NMI
This package is prepared for the exclusive use of
Heartland Bank to assist them in evaluating Meridian and
its selection for the disposition assignment.
For further information about this site,
please contact:
Ross Relier
Meridian Real Estate
rreller resod' e.co
317 414 -1101
MERIDIAN®
Real Estate