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LAND AUCTION - 300+/- ACRES SPECIALTY CROP - GRAPES AND HOPS - OFFERED IN 8 TRACTS IN VAN BUREN COUNTY, MICHIGAN

Paw Paw, Michigan - Van Buren County, Michigan

Owner: Hop Head Farms, LLC Tue, Dec 10, 2019

SOLD FOR $1,530,000

• 300+/- Acres offered in 8 Tracts • 193+/- acres of Grapes • Productive Tillable Land • 8+/- acres of Trellised/Irrigated Hops • Ranch Style Home plus 54 ft. x 90 ft. Heated/AC Shop
ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Tues, November 12 from 10am - Noon
Sun, November 17 from 2 - 4pm

Meet on Tract 6

PROPERTY LOCATION

From intersection of Hwy 40 and Red Arrow Hwy in Paw Paw go west on Red Arrow Hwy for 1.9 miles. Turn right (north) on 39th St (just west of Coca-Cola Plant) and go 0.6 mile. Turn left (west) on CR 374 and go 0.3 mile to Tract 8.
OR:
Take exit 56 off I-94 onto SR 51, go north on SR 51 for 0.7 mile.
Turn right (east) on Red Arrow Hwy and travel a half mile to 42nd St. Turn left (north) on 42nd St and go 0.3 mile to Tract 1 (northeast corner of the intersection of 56th Ave & 42nd St). Exit 56 (I94) is located approximately 4 miles west of the intersection of Hwy 40 and I-94.

AUCTION LOCATION

From the I-94 & Hwy 40 intersection, go south on Hwy 40 to the first intersection. Turn right (west) on CR 665 and go approximately 0.2 mile to Paw Paw Lions Club building, 277 South CR 665, Paw Paw, MI, 49079.

TRACT DESCRIPTIONS

Tract 1: 62± ac with 49+/- acres of Concord Grapes and 8+/- acres of productive tillable land. This tract has frontage on 42nd St and 56th Ave.

Tract 2: 34± ac with 28+/- acres of Concord Grapes. This tract also features an older 1,596 sq. ft., 2-story home, 70 ft.x100 ft.x18 ft. open sided steel building, 39 ft.x70 ft.x16 ft. pole barn with 15 ft.x20 ft. and 14 ft.x20 ft. over head doors plus 40 ft.x45 ft. Quonset building open on east and west end.

Tract 3: 49± ac with 27+/- acres of Concord Grapes and 15+/- acres of Niagara Grapes plus 4.5+/- acres of productive tillable land with frontage 41st St and CR 374.

Tract 4: 41± ac with 27+/- acres of Concord Grapes and 8+/- acres of productive tillable land plus 50 ft.x120 ft. Quonset building open on east and west end. This tract also includes a 10 in. irrigation well.

Tract 5: 17± ac with 11+/- acres of Concord Grapes and 5+/- acres of productive tillable land. Frontage on CR 374. This tract features a wind machine.

Tract 6: 2± ac SWING TRACT with a 1,400 sq. ft., 2 bath, ranch style home with basement, 54 ft.x90 ft.x18 ft. pole building with heat/air conditioned, 2 16 ft.x24 ft. overhead doors on north & south end, 13 ft.x24 ft. office with restroom plus 42 ft.x50 ft.x16 ft. pole building featuring (3) 14 ft.x16 ft. overhead doors plus a detached garage.

Tract 7: 21± ac with 10+/- acres of Concord Grapes and 7.5+/- acres of Trellised/drip Irrigated Hops. Hops varieties include 3.75+/- acres of Chinook hops and 3.75+/- acres of Willamette hops. This tract features a wind machine.

Tract 8: 74± ac with 21+/- acres of Concord Grapes, 5+/- acres of Niagara Grapes, 23+/- acres of productive tillable land and 20+/- acres of recreational land. Improvements include 30 ft.x 96 ft. with 11 ft. sliding door, 15 ft. sliding double door on west side of building, 14 ft. overhead on North end, 30 ft.x38 ft. shop area w/restroom, 12 ft.x15 ft. roll-up door on east side, 13 ft.6 in. double sliding door on south end, service door & 12 ft. sliding door on east side plus 22 ft.x40 ft. pole building with 14 ft. overhead doors on north and south end.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 8 individual tracts, any combination of tracts and as a total 300 acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. The auction will be offered in individual tracts, combinations of tracts, and as a whole.

BUYERS PREMIUM: A 3% Buyers Premium will be added to the final bid price and included in the contract purchase price.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of 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: All successful bidders will be required to enter into Purchase Agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed.

CLOSING: The targeted closing date will be approximately 30 days after the auction or as soon thereafter, as applicable closing documents are completed by Seller.

POSSESSION: Possession of the land shall be at closing.

REAL ESTATE TAXES: Seller shall pay all of 2019 real estate taxes due and payable in 2020. Buyer(s) will assume responsibility of all real estate taxes thereafter.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreage, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate & 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 an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.