• Property photo 1 - 348.8+/- Acres Offered in 4 Tracts
  • Property photo 2 - 348.8+/- Acres Offered in 4 Tracts
  • Property photo 3 - 348.8+/- Acres Offered in 4 Tracts
  • Property photo 4 - 348.8+/- Acres Offered in 4 Tracts
  • Property photo 5 - 348.8+/- Acres Offered in 4 Tracts
  • Property photo 6 - 348.8+/- Acres Offered in 4 Tracts
348.8+/- Acres Offered in 4 Tracts

348.8+/- Acres Offered in 4 Tracts

Madison, Indiana - Jefferson County

Owner: TNS Land Company, LLC Fri, Nov 26, 2010 EASTERN

AUCTION IS OVER

• Great Location on West Side of Madison & Airport • City Utilities Available (see agent) • Nice Size Tracts with Multiple Uses • Long Time Investment Potential • Cropland, Woods, or Business Location • Sod Business Currently


OPEN HOUSE/INSPECTION DATES

Fri., November 12, 1-3 PM,
Fri., November 19, 1-3 PM,
& Day of Auction, November 26, 10-11 PM.
Meet an agent on Tract 2.

PROPERTY LOCATION

Tract #1 – West side of Madison. From Hwy 256 north on Co. Rd. 600N then 100 yards to property on the west side of road. Tracts #2 thru #4 – West side of Madison Airport. From Hwy. 62 west on Interstate Block Rd. 1 ½ miles to property. Address: 4723 Interstate Block Rd.

AUCTION LOCATION

Jefferson County 4-H Fairgrounds Building. Address: 3852 West St. Rd. 256, Madison. Two miles west of Hwy. 62 on Hwy. 256.

TRACT DESCRIPTIONS

Tract 1: 65.1± ac with 1,666+/- ft. of frontage on CR 600W. Municipal water. 61 acres cropland which includes 35.37 acres in sod with 1 year lease at $140/acre, 26 acres cropland, 4 acres woodland. Nice investment tract with good income and long term potential.

Tract 2: 45.5± ac with 36 acres cropland ready for 2011 crops and 9 acres woodland. Office 24 ft. x 60 ft., garage, good barns 60 ft. x 72 ft. and 24 ft. x 24 ft. Currently Earthimages sod business. Zoned agriculture. Multi-use parcel with 1,765+/- ft. of frontage on Interstate Block Road.

Tract 3: 158.2± ac with 93 acres cropland and 65 acres pretty woodland. 48.16 acres in sod with leaseback in 2011 at $140/acre. About 1/2 mile of frontage on CR 450 (Grange Hall Rd.) and about 1/2 mile on Interstate Block Rd. Nice stream. Multiple uses here. 45 acres cropland available for 2011.

Tract 4: 80± ac with approximately 1/4 mi. frontage on Interstate Block Rd. Adjoins Tract 3. 70 acres woodland and 15 acres cropland available for crops in 2011. Recreation, building or investment this is a must see property.


AREA MAP

Satellite area map of the auction location near Madison, Indiana - Jefferson County

TRACT MAP(S)

Tract map - 348.8+/- Acres Offered in 4 Tracts

PLAT MAP(S)

Plat map - 348.8+/- Acres Offered in 4 Tracts

PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as a total 348.8 acre unit.There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

DOWNPAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash; cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller’s acceptance or rejection.

EVIDENCE OF TITLE: Sellers shall provide an owner’s title insurance policy in the amount of the purchase price.

DEED: Sellers shall provide a Corporate Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy estimated on or before December 28, 2010.

POSSESSION: At closing. Buyer(s) to be credited at closing for 2011 sod lease @ $140/acre. Tract #1 has 35.37 acres sod and Tract #3 has 48.16 acres. Balance can be crop in 2011.

REAL ESTATE TAXES: Buyer to pay taxes due and payable 2012. Taxes estimated at $6,252.30/yr.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: Will be sold with existing legal descriptions.

FSA INFORMATION: See Agent

EASEMENTS: Sale of the property is subject to any and all easements of record.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on â€

None at this time