Vermillion County, IN

Owner: William M. Hamilton Estate Wed, Jan 25, 2023 EASTERN


TOTAL SOLD: $2,300,000

Tract(s): 1-5 @ $2,300,000 ($9,236/acre)

• 238.46+/- Tillable Acres 95% Tillable • 200+ Contiguous Acres in Tracts 1-4 • Hunting Opportunity on Tract 5

ONLINE BIDDING AVAILABLE You may bid online during the auction at You must be registered One Week in Advance of the Auction to bid online. Contact Schrader Auction Company at 800-451-2709 with questions.

Auction Info Book


Thursday, January 5 and 19 from 3pm-5pm

Meet Schrader representatives roadside at Tract 2.


Between Danville Illinois, Terre Haute and Crawfordsville Indiana

TRACTS 1-4 are situated immediately west of the Duke Energy Cayuga Power Plant. south side of Tracts 1-4 are accessible from E CR 200N. Traveling from the north, St Rd 63 south of Cayuga & St Rd 234 2.5 miles, farmland is on the west side and along the highway. From the south, travel 9 miles north of Montezuma & SR36, farmland is on west side of St Rd 63.

TRACT 5 is located along SR71, south of Cayuga at the intersection of St Rd 63 & St Rd 71, travel west, 1.5 miles, farm is situated on the south side of the highway, watch for directional signs and auction signs at each location.


The Covington Beef House Restaurant, 16501 N. State Road 63, Covington, IN 47932 Located at the NW corner of I-74 & SR63 interchange.


Tract 1: 56± ac 55.5+/- acres tillable, approximately 1300' of SR63 frontage, access is via NE corner of farm at SR63. Soils consist of Shipshe loam.

Tract 2: 56± ac 55.5+/- acres tillable, approximately 1600' of frontage along E CR 200N. Soils consist of Shipshe loam, Fox sandy loam & Eel silt loam

Tract 3: 73± ac 70.58+/- acres tillable, approximately 1000' of road frontage along E CR 200N. Soils consist of Sleeth silt loam, Fox loam & Ockely silt loam.

Tract 4: 18± ac 17.5+/- acres tillable, access is via easement off of SR63 on north side of farm. Soils consist of Genesee silt loam, Fox loam & Shipshe loam.

Tract 5: 46± ac 39.98+/- acres tillable, approximately 900' of road frontage along SR71. Soils consist of Genesee silt loam and Shoals silt loam. Hunting potential on the Little Vermillion River along the south side of this parcel with a small wooded area and water present.


Tracts 1-4

Tract 5

PROCEDURE: The Vermillion County property will be offered in 5 individual tracts, any combination of tracts, and as a total 249+/- acre unit.

DOWN PAYMENT: 10% down payment on the day of auction. The down payment may be made in the form of cashier's 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 PRICE: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is subject to the Seller's acceptance or rejection.

VERMILLION COUNTY TILLAGE REIMBURSEMENT: If the new buyer does not have the current tenant continue farming, he will need to be reimbursed for chisel plowing done this fall.

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

DEED: Seller shall provide Warranty Deed.

CLOSING: The targeted closing date will be 45 days after the auction.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Seller shall pay 2022 real estate taxes due and payable in 2023. Buyer shall assume any taxes thereafter. Buyer shall assume any ditch and drainage assessments due after closing.

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 has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder's 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 acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal description and/or aerial photos.

SURVEY: Any need for a new survey shall be determined solely by the Seller.

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 person's credentials, fitness, etc. All decisions of the Auctioneer are final.