TIMED ONLINE ONLY AUCTION - 65+/- AC. IN 2 TR. - WHITLEY CO., IN
• Bidding Opens Wednesday, February 22nd at 10AM & Closes Monday, February 27th at 5PM • Income Producing Property w/ Great Return Potential • Located in Rural Northern Whitley County, IN • Multiple of Indiana's Finest Lakes Located w/in 15 miles of the Campground • 20+/- Acre Recreational Tract The Forest Ridge Family Campground has been a family run campground for 52 years. It is known for its scenic forest views & family atmosphere. Being located within miles of many Indiana lakes & recreational areas, this campground presents a great opportunity for investment. Notably, 67 of the seasonal camping spots are expected to be filled prior to the 2023 camping season, with 90% of those being returning customers from 2022! Study this opportunity to purchase a family-oriented campground, with potential for a great return on investment!! OPEN HOUSE/INSPECTION DATES Wednesday, February 8th from 3-5PM Wednesday, February 15th from 3-5PM PROPERTY LOCATION 5000 Elder Rd, Larwill, IN 46764 From US 30 & SR 5 in Larwill, travel north on SR 5 for 2.8 miles to W Lincolnway Rd. Turn left on W Lincolnway Rd & travel .8 miles to N Elder Rd. Turn right, travel on Elder Rd for .8 miles & the Campground will be on the north side of the road. AUCTION LOCATION TIMED ONLINE ONLY TRACT DESCRIPTIONS Tract 1: 45± ac TRACT that is the heart of the campground featuring a total of 76 seasonal camping lots & 38 additional overnight lots. The seasonal lots are equipped with 30 & 20 AMP power as well as water. 24 of the additional overnight lots have 30 & 20 AMP power with water , 2 have just 30 AMP power & the remainder being, tent camping lots with 20 AMP power & water. This tract also features a 5000 sq. ft. community building that is great for rentals or campground events. There is a 36ft x 60ft air-conditioned portion separated from the dance hall, by newly renovated kitchen, foyer, as well as Men's & Woman's restrooms. In the past the community building has been used for wedding rentals, karaoke nights & birthday parties. The property also includes an up-to date, rustic, campground office that was built in 2019. The main park is then accessed by new RFID controlled access & exit gates. 2 separate concrete masonry block buildings equipped with showers, & an inground swimming pool. Activity areas included with this property consist of basketball courts, Gaga ball, horseshoes, & a playground. This Tract also includes the personal property to continue to successfully run & operate the campground. A sample of the equipment to be offered is as follows: Kubota BX 1700 Lawn Tractor w/ Mower Deck Kubota BX2230 Lawn Tractor w/ Mower Deck John Deere Ztrak 757 Lawn mower, 60in deck Kawasaki Mule 3000 ATV Farmall Super M Tractor Huskee Log Splitter Freezer's & Refrigerators Please contact the auction company for a complete list of personal property to be included with the real estate! With 2023 camping agreements in place, the purchaser of Tract 1 will be responsible for operating and/or arranging management for the 2023 camping season that begins in the middle of April. With that, the buyer will retain a significant portion of the 2023 income. Financial Statements can be made available by request to the auction company! This poses a great opportunity for an instant return on your investment!!! Tract 2: 20± ac of mixed hard wood timber. There is 800+/-ft of road frontage on Elder Rd. This tract offers a wonderful opportunity for recreation, along with potential for a rural country home site. Combine with tract 1 for a total of 65+/- acres & the potential for future growth of the campground!
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