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Prime 3.72 Acres & Home Online Auction


Real Estate — $207,900

Premium Included


2:00 pm
Tuesday, May 7


2:00 pm *
Tuesday, May 21

*Extended Bidding

5022 Grant Line Road
New Albany, IN  47150

Buyer's Premium

10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.

Real Estate Terms

10% non-refundable down payment due within 24 hours following the auction, balance due in 40 days. Taxes prorated to day of closing. Possession at closing. Selling as is without contingencies, all inspections welcomed prior to the auction.

Open House

  • Monday, May 13th, 12-2pm
  • Tuesday, May 21st, 11am-1pm
  • Contact us for an appointment.

Selling online a prime 3.72-acre tract zoned C-3a on a high visibility corner lot at the intersection of Grant Line Road and Mel Smith Road near IUS with easy access to I-64 and I-65. The property includes a brick 3 bedroom 2 bath home with a detached 2-car garage and a 20’ x 30’ storage garage with lean-to. An exceptional opportunity with great potential located just South of Grant Line Industrial Park and 2 Miles North of I-265.


  • Prime 3.72 Acres
  • Zoned C-3a Neighborhood Shopping Center
  • 295’ Frontage Grant Line Road
  • 596’ Frontage Mel Smith Road
  • 1220 Square Foot Home + Basement
  • 3 Bedrooms – 2 Baths
  • Detached 2-Car Garage
  • 20’ x 30’ Garage with Lean-To Stalls
  • Easy Access to I-265

Selling as a whole 3.72-acre tract zoned C-3a located in a high traffic area in Floyd County in an area with recent residential growth and near the IUS college campus and business parks. The site has 295’ of frontage on Grant Line Road and 596’ of frontage on Mel Smith Road and includes a 1220 square foot 1.5 story home with a detached 20’ x 22’ garage with opener and a 20’ x 30’ garage with outdoor lean-to stalls for livestock.

Built in 1980 the cape cod home features a first-floor master bedroom with a full bathroom, living room with fireplace, formal dining room, and an updated and equipped kitchen. The second floor includes 2-bedrooms, both with large closets and extra floored attic space, and a full bathroom. A full unfinished basement has an outside entrance and includes a washer/dryer hookup. The home has natural gas heat, central air, and wood deck off kitchen with a partially fenced backyard on a 295’ x 596’ lot with gazebo.

A great investment with present and future opportunities either for a homeowner or an investor!


  • Clark County REMC
  • Silver Creek Water
  • Vectren Gas

Real Estate Taxes & Exemptions


New Albany Township
5022 Grant Line Road — $366.06
4229 Mel Smith Road — $1,233.50


Homestead — $45,000
Homestead Supplement — $37,415

New Albany Floyd County Schools

  • Grant Line Elementary
  • Scribner Middle
  • New Albany High

Dora A. Belviy
Kenneth A. Worden


To prevent bid sniping, last-minute bids will extend individual lots using our ‘soft-close’ functionality.

  • If a bid is placed in the last 10 minutes, the lot will remain open for an additional 10 minutes.
  • If any further bidding occurs, the extension timer will reset to 10 minutes.
  • If no further bidding occurs, the lot closes when the timer runs out.


I-265 to Exit 3 Grant Line Road/IN-111. North 1.8 miles to auction on right at the corner of Mel Smith Road.

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