Wilson Auctions | MAJOR ABSOLUTE LAND AUCTION

MAJOR ABSOLUTE LAND AUCTION - 2,070± ACRES in 32 TRACTS

SOLD - $14,310,000.00

THURSDAY, JUNE 1, 12:30 PM (ET)

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NEAR BEDFORD INDIANA - LAWRENCE & MORGAN COUNTIES

ONLINE BIDDING AVAILABLE

Auction Highlights

1000+ AC CROPLAND
LARGE CONTIGUOUS PASTURE ACRES
HUNTING - WHITE RIVER FRONTAGE
SIGNIFICANT DEVELOPMENT POTENTIAL
30,000 SF BUILDINGS • (7) HOUSES
MODERN EVENT VENUE
GRAIN STORAGE

Auction Information

IMPORTANT ANNOUNCEMENT: Pursuant to the Terms and Conditions, Tracts 3,4,and 25 have been removed from this auction at the request of the Creditor.

MAJOR INDIANA REAL ESTATE AUCTION
THURSDAY, JUNE 1, 2023 AT 12:30 PM (ET)
2,070 +/- ACRES
CROPLAND • PASTURE • HUNTING AND RECREATIONAL • DEVELOPMENT
(7) HOUSES • 30,000+ SF BUILDINGS • EVENT VENUE • GRAIN STORAGE

SELLING AT ABSOLUTE AUCTION - LAWRENCE AND MORGAN COUNTY, IN

William Wilson Auction & Realty, Inc. has been authorized by Order of the Lawrence County Sheriff to sell the real estate located throughout Lawrence County, IN and Green Township, Morgan County, IN.

DESCRIPTION: 2,070 +/- Total Acres with 1,073 +/- Tillable Acres • Productive Tillable Farmland • 800+ Acres Rolling, Established Pastureland • Outstanding recreational tracts and wildlife habitat • Development Land • Established Event Venue • (7) Houses/Farmsteads • 30,000+ SF Buildings • 109,000-bushel Grain Storage • Offered in (32) Tracts, combinations, and the entirety • Tracts ranging from 3 to 294 Acres • Selling at Absolute Auction, Regardless of Price

AUCTION LOCATION: Artemis Hall, 1312 J Street, Bedford, Indiana 47421.

DIRECTIONS TO AUCTION AND INSPECTION LOCATION: From the Courthouse Square in Bedford, Indiana turn North on J Street and proceed 2-blocks to Auction Location.
ONLINE BIDDING: Online bidding is being made available for this auction. Bidders must be approved by the Auction Company to bid online, on or before May 30, 2023 at 5:00 PM ET, 48-hours prior to Auction Date.
PRE-REGISTRATION: Pre-registration for on-site bidders is available by calling the Auction Company.

INSPECTIONS:
May 18, 2023, 2:00-5:00 PM (ET)
May 25, 2023, 2:00-5:00 PM (ET)
INSPECTION LOCATION: Artemis Hall, 1312 J Street, Bedford, Indiana 47421

PROPERTY LOCATION:
Tracts 1-26: Located 9-miles northeast of Bedford and 20-miles south of Bloomington, these tracts are accessed via Bartlettsville Road along the East, Ozee Farm Road to the South, and Donica Church Road to the West, and Little Salt Creek Run through the central portion of the tracts. GPS LOCATOR TO CENTER: 38.955270, -86.466495
Tract 27: Located just south of Lake Monroe and the northeast corner of Coveyville Road and Larry Tincher Lane. GPS LOCATOR: 38.980475, -86.494860
Tracts 28 and 29: Located just 5-miles east of downtown Bedford on US-50 and Vocational School Road
Tract 30: Located southwest of Bedford with frontage along the White River, accessed via Woods Ferry Road, this tract is just across the river from the Bedford Boat and Sportsmen’s Club. GPS LOCATOR: 38.822592, -86.538743
Tract 31: Located along Old State Road 37, more commonly known as 1478 Old State Road 37, Bedford, Indiana
Tract 32: Located just 3-miles east of Interstate 69 north of Martinsville off Egbert Road, adjoining Timberlake Woods subdivision. GPS LOCATOR: 39.475867, -86.303623

TRACT DESCRIPTIONS:

Tract 1: 36 ± ac; tillable and wooded; frontage along Elkins Road

Tract 2: 76.52 ± ac; tillable and wooded; frontage along Sowders Road

Tract 3: 17.8 ± ac (subject to survey); IMPROVEMENTS: Event Venue; access off Little Salt Creek Run, more commonly known as 555 Little Salt Creek Run

Tract 4: 56.75 ± ac; tillable and wooded; IMPROVEMENTS: House and barns

Tract 5: 150 ± ac; tillable and wooded; SWING TRACT (see below); Tract may only be bid in combination with an adjoining tract or by an adjoining land owner.
Tract 6: 78 ± ac; tillable and wooded; access off Bartlettsville Road
Tract 7: 58 ± ac; pasture, wooded, and tillable acres; IMPROVEMENTS: House and barns
Tract 8: 57 ± ac; mostly tillable; frontage along Bartlettsville Road
Tract 9: 118.5 ± ac; mostly tillable; frontage along Little Salt Creek Run
Tract 10: 50 ± ac; tillable: frontage along Little Salt Creek Run
Tract 11: 117 ± ac; pasture, wooded, and tillable acres; frontage along Little Salt Creek Run
Tract 12: 115 ± ac; pasture and wooded acres; IMPROVEMENT: Cell Phone Tower
Tract 13: 91 ± ac; pasture and wooded acres; IMPROVEMENTS: Brick Ranch House and Barn; frontage along Ozee Farm Road and Little Salt Creek Run
Tract 14: 153.5 ± ac; pasture and wooded acres; IMPROVEMENTS: Houses and Barns; frontage along Ozee Farm Road
Tract 15: 15.7 ± ac; pasture acres; frontage along Little Salt Creek Run
Tract 16: 28 ± ac; pasture acres; SWING TRACT (see below); Tract may only be bid in combination with an adjoining tract or by an adjoining land owner.

Tract 17: 64 ± ac; pasture and tillable acres; frontage along W. Pleasant Run Road; IMPROVEMENTS: House and barns

Tract 18: 22 ± ac; mostly wooded; frontage along Ozee Farm Road; IMPROVEMENTS: House and barn

Tract 19: 50 ± ac; pasture and wooded acres; SWING TRACT; Tract may only be bid in combination with an adjoining tract or by an adjoining land owner.

Tract 20: 50 ± ac; pasture and wooded acres; frontage along LuAllen Lane

Tract 21: 40 ± ac; pasture acres; frontage along Donica Church Road and LuAllen Lane; IMPROVEMENT: Barn
Tract 22: 77 ± ac; nearly all tillable; fronting Little Salt Creek and Donica Church Road
Tract 23: 30.25 ± ac; tillable acres; fronting Little Salt Creek and Donica Church Road
Tract 24: 24.35 ± ac; approx. 21.09 tillable acres; frontage along Donica Church Road
Tract 25: 10 ± ac; IMPROVEMENTS: 30,000 SF buildings; 2,280 SF office
Tract 26: 3 ± ac; IMPROVEMENTS: 109,000 (bu) grain storage facility with 8,000 (bu/hr) grain leg and drive over grain pit; Hoop barn onsite
Tract 27: 27.43 ± ac; mostly tillable; frontage along Larry Tincher Lane and Coveyville Road
Tract 28: 15.2 ± ac; tillable and wooded acres; frontage along Vocational School Road
Tract 29: 94 ± ac; Rolling pasture acres; frontage along US-50; IMPROVEMENTS: Equipment Shed
Tract 30: 294.19 ± ac; Wooded and Recreational Land; Frontage along White River; Access from Woods Ferry Road
Tract 31: 1.34 ± ac; IMPROVEMENTS: House; frontage along Old SR 37
Tract 32: 40.08 ± ac; wooded development land, accessed from Timberlake Drive; ZONED: RR

OPERATIONAL HEADQUARTERS:
TRACT 25: 30,000 SF buildings recently utilized as an operational headquarters including 2,280 SF office space; large bay equipment sheds; 7,200 SF workshop with heated floors; and other support buildings on 10+/- Acres

EVENT VENUE:

TRACT 3: 3,400-SF established event venue on 17+/- picturesque acres (subject to survey). The venue features a 10,000+ SF patio for outdoor events and entertainment ideal for weddings, family and corporate events. Kitchen and restrooms. Heated and cooled. Located just 20-miles south of Bloomington, Indiana. More commonly known as 555 Little Salt Creek Run, Bedford, Indiana

FOR THE FARMLAND BUYER:

With more than 1,073 tillable acres, buyers looking for a solid investment land portfolio should take note. These tracts offer a good mix of soil types with good road frontage for transport to grain terminals.
TRACTS 1 and 2: Approximately 75 tillable acres with Haymond and Stendal soils as predominant soil types. The tracts offer frontage for easy access.
TRACTS 4-8: Features almost 400-contiguous acres including approximately 242+/- tillable acres with Stendal, Haymond, and McGary as predominant soil types. The large 150-acre field in Tract 5 is a SWING tract, to be combined only with Tracts 1,2,3,4, or 6 or an adjoining property owner. Tract 6 includes access through Tract 7 off of Bartlettsville Road.
TRACTS 9-11: Tract 9 features 100.66 tillable acres contiguous with frontage along Little Salt Creek Run with Wilbur, Haymond, and Bartle as predominant soil types on Tract 9. Tracts 10 and 11 feature a balance of tillable acres with frontage along Little Salt Creek Run with Haymond as predominant soil type.
TRACT 17: 63.35 tillable acres with rolling topography and frontage along Pleasant Run Road with Crider and Caneyville soils as predominant soil types.
TRACTS 22-23 and 24: 94.99 +/- tillable acres with McGary and Stendal as predominant soil types. Road frontage along Donica Church Road.
TRACTS 24, 25 & 26: 37.35 total acres with 21+/- tillable acres; 30,000 SF buildings and 2,280 SF office space with 109,000-bushel grain storage facility including 8,000 (bu/hr) grain leg and drive over grain pit; hoop barn onsite.
TRACT 27: 27.34-acres at the northeast corner of Coveyville Road and Larry Tincher Lane. Nearly all tillable with Wilbur and Bartle as predominant soil types.
TRACT 28: 10.17 tillable acres with Haymond soils as predominant soil types. Located near the Bedford North Lawrence High School with frontage along Vocational School Road, adjacent to the recycling center, this tract is partially tillable and partially wooded.

FOR THE PASTURELAND BUYER:

This property features established pasture land with rolling topography and good access, fenced and gated. This auction offers nearly 802 Acres of pasture land in total.
TRACTS 11-21: offers 746.2 total acres with 625+ contiguous acres of current pasture.
TRACT 16: is a SWING tract, to be combined only with Tracts 14, 17 or an adjoining property owner.
TRACT 19: is a SWING tract, to be combined only with Tracts 12, 13, 18, 20, 21 or an adjoining property owner.
TRACT 29: With gated access off of Hwy 50 east of Bedford, this 94-acre tract is already established for hay/pasture. The tract is improved with an open-faced equipment barn.

FOR THE HUNTING/ RECREATIONAL LAND BUYER:
TRACT 30: RIVER FARM – With frontage along the White River, this tract features all the qualities for attracting whitetail deer and turkey.
Easily accessed just 5-miles southwest of Bedford and 1.5-miles west of US Route 50/State Road 37 intersection -- 28-miles South of Bloomington, IN these tracts are ideal for the hunting and recreational enthusiast.

FOR THE INVESTMENT/ DEVELOPMENT LAND BUYER:

TRACT 12: Features a Cell Tower with approximate annual lease of $7,200.
TRACT 29: With Highway 50-frontage less than 5-miles east of Bedford, this tract offers rolling topography ideal for homesites.
TRACT 32: Adjoining and accessed through Timberlake Woods subdivision just 3-miles east of Interstate 69, this wooded tract is easily accessible and highly suited for residential development with lake access.

FOR THE RURAL HOME BUYER, BUILDER:

Enjoy the privacy and serene nature of the rolling hills and ridges with a good blend of open pastures, woodlands and creek beds, with outstanding views – 5-miles from Lake Monroe and 20-miles south of Bloomington.
These tracts offer the opportunity to create your working/hobby farm with homes and support buildings, and fencing already in place on many tracts.
TRACT 4: Nice vinyl sided home of 2,016 -SF; improved with a 2,240-SF barn; more commonly known as 985 Little Salt Creek Run, Bedford, Indiana.
TRACT 7: Farmstead on 58 +/- Acres with 930-SF home, barns, grain bins, and additional outbuildings; more commonly known as 5691 Bartlettsville Rd, Bedford, Indiana.
TRACT 13: Nice brick ranch home of 1,452-SF with walk-out basement and deck located at the corner of Little Salt Creek Run and Ozee Farm Road; 1,792-SF barn; 91 +/- Acres; more commonly known as 1295 Ozee Farm Road, Bedford, Indiana.
TRACT 14: Large farmstead/hobby farm tract on 153.5 +/- Acres with houses and support structures. 840-SF home; 1,775-SF home; 8,780-SF barns; more commonly known as 866 Ozee Farm Road, Bedford, Indiana.
TRACT 17: Farmstead/hobby farm tract on 64 +/- Acres; 2,352-SF home; barns; located at corner of Pleasant Run Road and Little Salt Creek Run; more commonly known as 252 W. Pleasant Run Road, Bedford, Indiana.
TRACT 18: 952-SF home and 720-SF detached barn on 22 +/- acres more commonly known as 363 Ozee Farm Road, Bedford, Indiana. Both the home and barn feature a metal roof.
TRACT 31: 1-story stone home of 1,200-SF on 1.34 +/- acres more commonly known as 1478 Old SR 37, Bedford, Indiana.

SOLD BY ORDER OF THE SHERIFF
Light refreshments will be served
All announcements the day of the auction take precedence over printed material or any other oral statements made.

IMPORTANT ANNOUNCEMENT: Pursuant to the Terms and Conditions, Tracts 3,4,and 25 have been removed from this auction at the request of the Creditor.

Property Maps

Terms & Conditions

PROCEDURE: The real estate will be offered in 32 individual tracts, combinations of tracts, and the entirety. Bids on individual tracts, combinations, and the entirety may compete. There will be open bidding during the auction as determined by the Auctioneer. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. All decisions of the Auctioneer are final.

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. Bidders should arrange for financing, if needed, and be capable of paying cash at closing.

BUYER’S PREMIUM: A 6% buyer’s premium will be added to the high bid to the determine the contract sales price.

ACCEPTANCE OF BID: Successful bidder will be required to sign a Bid Acknowledgement Agreement at the auction site immediately following the close of the auction. The real estate will be sold at Absolute Auction, regardless of price.

DEED: Buyer will be provided with a Sheriff’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 auction date.

POSSESSION: Buyers will receive possession to the properties upon execution of the Sheriff’s deed.

REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyer beginning MAY 2024, 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. Purchaser should make his/her own independent determination of acreage prior to bidding.

SURVEY: Any survey costs are the responsibility of the buyer.

EASEMENTS: Subject to any and all easements.

SWING TRACTS: One or more tracts may be identified as "Swing Tracts" in the auction description. These tracts may only be bid in combination with an adjoining tract or by an adjoining land owner.

DISCLAIMER AND ABSENCE OF WARRANTIES: The property to be offered pursuant to the Notice of Sale is being offered for sale, transfer and conveyance "AS IS, WHERE IS." Neither the Sheriff, William Wilson Auction & Realty, Inc. nor the holder of the notes secured by the mortgages being foreclosed, nor the officers, directors, attorneys, employees, agents or authorized representative of either the Sheriff, William Wilson Auction & Realty, Inc. or the holder of the notes make any representation, or warranty, either expressed or implied, relating to the title or any physical, environmental, health or safety conditions existing in, on, at or relating to the property being offered for sale, and any and all responsibilities or liabilities arising out of or in any way relating to any such condition expressly are disclaimed. This property is being sold subject to all liens, encumbrances and easements not otherwise extinguished in the proceedings known as Cause No. 47C01-2201-MF-000117 in the Circuit Court of the County of Lawrence, Indiana. 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.

TENANCY DISCLAIMER: Properties identified as occupied may be occupied by one or more third parties. It shall be the sole responsibility of the buyer prior to bidding or closing on the property to conduct his/her own investigation as to the occupancy of the property. Prospective bidders shall not have any contact with current occupants of the property without seller’s written consent until after close and funding. Buyer will assume the responsibility of all occupants and/or tenants and any expenses therewith, including, but not limited to, any security deposits or pre-paid rent. Buyer shall defend, indemnify and hold harmless agents, auctioneers, attorneys, sellers and representatives from and against any claims, demands, actions or expenses arising out of any action concerning security deposits and for any eviction or unlawful detainer or other litigation arising out of occupancy, tenancy or lease of the property.