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Gun club building, parking lot fetch $380,000 at auction

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The Gatling Gun Club building on North Illinois Street and a nearby parking lot in downtown Indianapolis brought a collective $380,000 from two separate bidders at a Wednesday auction.

The 160-year-old, 8,000-square-foot structure received a winning bid of $250,000. The 19,000-square-foot parking lot sold for $130,000. Together, the bids topped a single $370,000 bid for both properties offered by an unrelated party.

Locally based Gallivan Auctioneers, which conducted the auction, said it wouldn't disclose the names of the buyers until both sales close, which should be before Dec. 1.

The Gatling Gun Club had used the building since buying it in 1919. The men’s private club, which struggled to attract younger members in recent times, disbanded earlier this year and decided to sell the building.

Founded in 1910, the club is named for Richard J. Gatling, a city resident who invented the famous repeating gun in 1861.

The local office of Los Angeles-based CB Richard Ellis listed the building and parking lot for about six months with an asking price of $950,000 before taking it to auction.

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  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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