SEALED BID AUCTION – 137 +/- ACRES – PRIME FORT BRANCH FARMLAND – COMMERCIAL LEASE WITH BLDGS ON 3.24 +/- AC
SEALED BID AUCTION
137 +/- ACRES
PRIME FORT BRANCH FARMLAND
COMMERCIAL LEASE WITH BLDGS ON 3.24 +/- AC
BIDS DUE: MAY 18, 2017 at 12:00 PM (CT)
BID DROP OFF LOCATION: 1601 N. FIRST AVE, EVANSVILLE, IN 47710
134 +/- Farmland Acres • Highly Productive Tillable Farmland • 73+ Acres Ragsdale Soils; 25+ Acres Evansville and Reesville Soils • Road Frontage • Income Producing Commercial Lease • Outstanding Buying Opportunity in the Mash • Offered in (5) Tracts, Combinations, and the Entirety
Property Location: The farm is located in Section 12 of Union Township, Gibson County, Indiana, at the intersection of CR 125W and CR 650S; just west of US-41; 23 miles north of Evansville, 8 miles south of Princeton and just north of Fort Branch.
GPS location [38.26068 N, 87.58325 W]
FOR THE FARMLAND INVESTOR: The John Johnson farm represents high quality soils with a history of strong production in the Mash just north of Fort Branch, with easy access to roads for transport to grain terminals.
Tracts 1-4: 134 Total Acres; Approximately 134 Acres Cropland
Productive Gibson County farmland featuring 73+ Acres of Ragsdale soils as well as Evansville, Reesville, and Uniontown as the predominant soil types on these tracts. The topography of the tracts is level with good drainage. Tracts 1-3 have frontage along CR 125W, allowing for easy access off of SR 168.
Please refer to website for FSA and soil information.
Tract 5: Commercial Buildings on 3.24 Acres
• 1999-constructed 30′ x 40′ building, currently MSD South Gibson County central office
• 1985-constructed 54′ x 60′ pole building
• Located in Section 13 of Union Township, Gibson County, Indiana
INSPECTION: On-site – GPS location [38.26068 N, 87.58325 W]
Wednesday, May 3, 2017 • 12-1:00 PM CT or call the Auction Company
AUCTIONEER’S NOTE: This is a once in a lifetime opportunity. Don’t miss this chance.
OWNER: John Johnson Trust, Larry Johnson, Trustee
PROCEDURE: The real estate will be offered via sealed bid. Sealed bids shall be submitted at the Auction Company Office by May 18, 2017 at 12:00 PM (CT)
DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing. The down payment may be in the form of cash, cashier’s check, personal check or corporate check. Bidding is not conditional upon financing. The down payment is non-refundable.
OFFER REQUIREMENTS: All offers must be sealed and the name and address of the offering party must appear on the outside front of the envelope. Offers must be in writing on the appropriate Purchase Agreement provided by the Auction company in the Bidder’s Packet and must be received by WILLIAM WILSON AUCTION & REALTY, 1601 N. First Ave, Evansville, IN 47710 as mentioned above. Bidder may deliver or use overnight delivery service. Bids to be notified within 24 hours.
ALL OFFERS MUST BE ACCOMPANIED BY:
(a) Real Estate Purchase Agreement – the Real Estate Purchase Agreement must be properly completed and signed. Bidders should carefully review the Real Estate Purchase Agreement to be used and any exhibits and addenda to the Real Estate Purchase Agreement.
(b) A down payment for ten percent (10%) of bid price – check must be payable to William Wilson Auction & Realty. The check will be deposited only if bid is accepted. Checks submitted with unaccepted bids will be returned within three (3) days after the bids are rejected.
OFFER AND ACCEPTANCE: The seller reserves the right to request a Best and Final Offer. All successful bidders will be required to enter into Purchase Agreements on May 19, 2017, by 5:00 PM. All final bid prices are subject to the seller’s acceptance or rejection.
DEED: Seller shall provide a Trustee’s Deed conveying title to the property.
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title.
POSSESSION: Buyers will receive possession to the property at closing, subject to tenants’ rights.
REAL ESTATE TAXES: The real estate taxes will be the responsibility of the Buyer beginning with the taxes due and payable in November 2017 and thereafter.
ACREAGE: All tract acreages, dimensions and proposed boundaries outlined on the auction plat and all advertising are approximate and are estimated based on current legal descriptions and/or aerial photos. Purchasers should make their own independent determination of acreage prior to bidding.
MINERALS: Owners will convey what they own.
SURVEY: If a survey is required to establish a new legal description for any tract, the cost of the survey will be shared 50/50 between Seller and Buyer.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in advertising and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property.
DIRECTIONS TO FARM: From US-41, turn west on IN-168 and look for signs.
GPS Location [38.26068 N, 87.58325 W]
DIRECTIONS TO BID DROP OFF – William Wilson Auction & Realty Company Office • 1601 N. First Avenue: From Diamond Ave in Evansville, turn south on First Ave and proceed approximately one-half mile. The Auction Company Office is on the east side of First Avenue.