Sealed Bid Deadline April 15th for Real Estate Auction of Final Assets at Doubletree Lake Estates

Winfirld Parcel B Ariel SMALLLAKE COUNTY, IN  — The sealed-bid deadline is Wednesday, April 15, 2015 for the real estate auction of the two final remaining parcels at Doubletree Lake Estates, the Winfield, Indiana residential and commercial development.

The parcels, which are being sold as part of Chapter 11 bankruptcy proceedings, can be sold together or separately and include:

  • An existing three-story, 11,091 square-foot building on 5.34 acres originally built as a golf course clubhouse, but also used as banquet hall, restaurant and office space, and;
  • A 56.6-acre developable parcel preliminarily approved for 201 multifamily units or active adult residences, eight single-family homes and a 1.9 acre commercial outlot.

Madison Hawk had previously conduced a successful real estate auction which resulted in the sale all finished lots and farmland at Doubletree Lake Estates

Winfield Clubhouse SMALLUtilizing the real estate values established by the preceding auction, Madison Hawk, a national real estate firm and industry leader specializing in Structured Accelerated Sales, is offering the Clubhouse building for $850,000 and the developable land for $350,000.

“This auction will enable a user or investor to purchase a quality commercial building and a significant discount,” says Jeff Hubbard, President of Madison Hawk.  “Now that the remaining lots have been sold at Doubletree East, the development that has sat idle for years will be completed adding hundreds of new potential customers to a user of the building.”

Sealed bids will be due April 15th, 2015 at 3 P.M. and should be sent to the Chicago offices of Madison Hawk Partners, LLC, Attention: Jamie Cote, 321 N. Clark Street, 5th Floor, Chicago, IL 60654.

On-site inspections for both properties are available by appointment.

For additional information on the auction or to schedule a tour, please call 800-547-1045 or visit www.madisonhawk.com/auctions/doubletree.

About Madison Hawk

Madison Hawk is a national real estate firm and industry leader specializing in Structured Accelerated Sales and Capital Market Solutions to complex real estate situations across all asset classes. The Madison Hawk team is among the most experienced in the industry, having designed and executed over $10 billion worth of commercial and residential sales across all asset classes including; apartment buildings, office buildings, industrial buildings, shopping centers, development land, condominium developments, luxury homes and other special purpose properties.  www.madisonhawk.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: