23 Building Residential Campus with 85 Beds

Location: 12501 North State Road 49, Wheatfield, IN, 46392

23 Building Residential Campus with 85 Beds

Auction Closed

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Previously Valued To: $2.8M

Minimum Bid: $1,300,000

Buyer’s Premium: 4%

Cooperating Broker’s Commission: 2%

Lot Size: Approx. 101.28 Acres

Building Size: 61,155 SF

Number of Beds: 85

2017 Taxes: Tax Exempt as a Not-For-Profit

PIN #: 106-00110-00

Zoning: Agricultural (legal, non-conforming)

A unique opportunity to expand a former school housing location. It features numerous dormitories, administration/conference buildings, equestrian center, expansive farm land for hiking and outdoor sports, an indoor athletic facility with a full sized basketball court as well as a commercial kitchen with cafeteria dining infrastructure. This property is comprised of a total 101.28 acre site with 18 structures totaling 61,155 square feet of space and five small utility and storage buildings for a total of 23 structures. The property includes four administrative and a primary 11,000 sf classroom building, eight residential buildings (with a total of 85 beds), six support and maintenance buildings and five storage and equipment buildings. The site includes about 38 acres of tillable farm ground. The property also features a fishing pond, nature walks with a ropes course and throughout the property has driveways extending to the buildings.

Potential uses may be for a behavioral treatment/rehabilitation center, kids camp, a corporate retreat or conference center.

This property is located approximately 1 hour drive from Chicago Midway International Airport, 1.5 hours from Chicago O‘Hare International Airport, 1.25  hours from Fort Wayne International Airport, and 2 hours from Indianapolis International Airport, Indiana. Please see below for further information.

International airports near Wheatfield, IN

75 miles: Chicago, IL (MDW / KMDW) Chicago Midway International Airport

97 miles: Chicago, IL (ORD / KORD) Chicago O’Hare International Airport

112 miles: Fort Wayne, IN (FWA / KFWA) Fort Wayne International Airport

138 miles: Indianapolis, IN (IND / KIND) Indianapolis International Airport

160 miles: Milwaukee, WI (MKE / KMKE) General Mitchell International Airport

169 miles: Grand Rapids, MI (GRR / KGRR) Gerald R. Ford International Airport

Domestic airports near Wheatfield, IN

75 miles: Chicago, IL (MDW / KMDW) Chicago Midway International Airport

76 miles: South Bend, IN (SBN / KSBN) South Bend Regional Airport

97 miles: Chicago, IL (ORD / KORD) Chicago O’Hare International Airport

112 miles: Fort Wayne, IN (FWA / KFWA) Fort Wayne International Airport

Local airports near Wheatfield, IN

22 miles: Valparaiso, IN (VPZ / KVPZ) Porter County Municipal Airport

25 miles: Rensselaer, IN (RNZ / KRZL / RZL) Jasper County Airport

34 miles: Lowell, IN (RQL) Lowell Airport

44 miles: La Porte, IN (LPO) La Porte Municipal Airport

44 miles: La Porte, IN (WMS) La Porte Airport

45 miles: Frankfort, IL (LL40) Frankfort Airport (defunct)

47 miles: Michigan City, IN (MGC / KMGC) Michigan City Municipal Airport

49 miles: Gary, IN (GYY / KGYY) Gary/Chicago International Airport

53 miles: Plymouth, IN (PLY) Plymouth Airport

53 miles: Kankakee, IL (IKK / KIKK) Greater Kankakee Airport

Cooperating Broker Licensed in the State of Indiana: SVN Parke Group License #LC20600037; Michael Lunn License #RB14025544

**48 hours notice to schedule a private showing**

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Confidentiality Agreement

I/We the Accepting Party/Parties and any related entities, including brokers, (the “Accepting Party”) is/are interested in obtaining information regarding this Property (the “Property”) in order to evaluate the possible acquisition (the “Proposed Transaction”) of the Property. By entering my/our password I/We accept the following terms of this confidentiality agreement:

  1. Confidentiality: Any information with respect to the Property (collectively, the “Evaluation Materials”) provided to Accepting Party by Owner, Owner’s Representative and AW Properties / AuctionWorks any of their respective consultants, agents or employees (collectively, the “Seller Property”) will be used solely for the purpose of evaluating the possible acquisition of the Property by Accepting Party, and will not be used or duplicated for any other purpose. Accepting Party shall keep all Evaluation Materials strictly confidential provided that the foregoing shall not apply (a) to information of a public nature or learned by Purchaser from any source other than Seller, or (b) from and after the Closing Date. From and after the Closing Date Purchaser shall keep all financial information relating to the Tenants confidential. Nothing contained in this Section shall prohibit any party from disclosing information (I) to its lenders, members, partners, shareholders agents or consultants or prospective purchasers of any of the Parcels or any interest therein; provided that as a condition to any disclosure of Tenant’s or Seller’s financial information, Purchaser shall deliver to Seller a confidentiality agreement executed by the party receiving such information, which agreement shall be for the benefit of Seller and shall be at least as comprehensive as this agreement, (ii) as required by any applicable securities requirement, law or court order, or (iii) in any action between any of the following parties: Purchaser, Seller, Seller’s Affiliate, any Agreement, the provisions of this Section shall survive the Closing or any termination of this Agreement.
  2. No Disclosure: Accepting Party shall not (I) disclose the fact that discussions are taking place concerning the possible acquisition of the Property or any of the terms thereof, or (ii) conduct any discussions, negotiations or make any inquiries concerning the possible acquisition of the Property with any other person or entity, except for Owner and AW Properties / AuctionWorks, except as may be expressly permitted elsewhere in the Agreement and, only in strict accordance with the provisions hereof.
  3. No representations by Seller Parties: None of Seller Parties make any representations or warranties as to the accuracy of completeness of the Evaluation Materials or that actual results will conform to any projections contained therein. Owner, Owner’s Representative and AW Properties / AuctionWorks expressly disclaim any and all liability for representations or warranties, express or implied, contained in the Evaluation Materials or in any other written, oral or other communications transmitted or made available to Accepting Party by Seller Parties, including, without limitation, computer disks containing files with financial data or projections.
  4. No Obligation: Owner is under no legal obligation of any kind whatsoever with respect to the Proposed Transaction by virtue of this Agreement, the delivery of any Evaluation Materials, any discussions concerning the Proposed Transactions or otherwise, unless and until a binding written agreement is executed and delivered by all parties thereto.
  5. Accepting party hereby agrees to indemnify and hold harmless each of the Seller Parties against any and all costs, loss, liability or expense, including attorney’s fees and expenses, arising from or in any way connected with any breach of Accepting Party’s obligations under this Agreement.

Total Bids Placed:

Auction has expired

Auction Expired because there were no bids
Auction started April 30, 2019 12:00 am CDT

Auction Information


Bidding Starts: April 30, 2019 12:00 am CDT

Bidding Ends: April 30, 2019 5:00 pm CDT

Location: 12501 North State Road 49, Wheatfield, IN, 46392

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