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Indian Lake Restaurant Sells in Multi-Property Auction

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Auction held off-site at:

Hampton Inn & Suites - 7043 Miller Lane, Dayton, Ohio

(Lot 7 of Multi-Property Auction)

421 Madison St., Russells Point, OH 43348

LIVE ON-SITE BIDDING BEGINS: Tuesday, October 25, 2016 @ 11:30AM EST 

Online pre-bidding will transfer to live simulcast online bidding at 11:00 am on auction day, Tuesday, October 25th.  You will need to exit the pre-bidding page and re-enter the live simulcast page at that time to continue bidding live.

Seller Financing available to Qualified Buyer! Contact Auctioneer for Details

Description: 2,555 SF free-standing block and glass building constructed in 1997 as a Burger King store.  Subject covers 4 parcels with improvements situated on 11,750 square feet plus 25,000+/- SF of paved parking and drive-through.  Subject is located in the Logan County Resort Town of Russells Point, Ohio on Indian Lake right off OH 33 with a very high traffic count. Tax Appraised @ $494,470

NOTE: A portion of the furniture fixtures and equipment will be made separately available for $5,000.  List of included inventory available upon request.

Logan County PID’s: 52-032-10-08-003-001; 52-032-10-08-004-002; 52-032-10-08-006-000; 52-032-10-08-007-001 

Steve Smith, Auctioneer   (937)441-3627



Disclaimer:  Information contained herein was obtained from sources deemed reliable. However, neither Ohio Real Estate Auctions, LLC, Auctioneers, nor their agents will be responsible for any errors or omissions regarding information provided by same. Announcements made at the auction will take precedence over written material or any other statements made prior to the auction. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.



Lot Size: 2,255 SF on 4 parcels totaling 36,750+ SF

Annual Taxes: $ 8,686.76

Property Map


Tim Lile
Email Tim

W: 937-689-1846
F: 1(877)772-4217


Steve Smith
Email Steve

W: 937-441-3627


I-75 to, West at Benchwood/Wyse Road Exit to North on miller Lane

Basic Terms:

Sells subject to confirmation by very motivated sellers. As-Is; No contingencies for financing or inspection; 10% Buyer premium in effect; Short tax proration; Buyer pays all closing costs; Warranty deed at closing with no liens or encumbrances.  Possession at closing.

Deposit and Closing:

Deposit and Closing: Successful bidder will be required to deposit 10% of the total contract price by cash or check with proper ID PAYABLE to M & M Title Company which will be your non-refundable deposit if you are the successful bidder. Close on or before November 18, 2016.  

Realtor Participation:

Realtor Participation: Commission available to Ohio Licensee representing a successful bidder who closes on transaction.  To collect a commission, Realtor's must: 1) Register your bidder no less than 24 hours prior to auction; 2) Accompany your client to the scheduled Inspection; 3) Accompany your client to the auction; 4) Guide buyer to closing. NOTE: If bidding online, you must register your client with auctioneer prior to client’s online registration.

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