AUCTION IS OVER

TOTAL SOLD: $890,000

Tract(s): 1	@ $180,000	($13,740/acre)
Tract(s): 2-4	@ $710,000	($11,452/acre)

• BEAUTIFUL ROLLING PROPERTY CLOSE TO WARSAW • POTENTIAL RESIDENTIAL DEVELOPMENT OPPORTUNITY • GREAT COUNTRY ESTATE & MINI FARM BUILDING SITES • PRODUCTIVE TILLABLE FARMLAND WITH 74.7 FSA CROPLAND ACRES • TRACTS RANGING IN SIZE FROM 13-21+/-ACRES

The Manning Farm is a rare find located within 1 mile of the Warsaw City limits. 75.1+/- acres of gently rolling productive farmland with a large amount of road frontage on both Ferguson Rd & CR 200 S. Farm offers very attractive building sites for your country estate, mini farm site or potential residential development. The farm contains 74.7 FSA tillable acres that are being rented out. Inspect this property yourself & be prepared to bid your price on January 27th.

Auction Info Book

OPEN HOUSE/INSPECTION DATES

Monday December 22, 2025 from 3-5pm
Tuesday January 6, 2026 from 3-5pm
Please Meet a Schrader Representative at Tract 2.

PROPERTY LOCATION

1727 S Ferguson Rd, Warsaw, IN 46580
From the intersection of SR 15 & Winona Ave in Warsaw, travel South on SR 15 for 2 miles to CR 200 S, turn right (West). Continue .6 miles to Ferguson Rd. Property is located on the West side of Ferguson Rd on both the North & South side of CR 200 S.

AUCTION LOCATION

Zimmer Biomet Center Lake Pavillon
119 E Canal St, Warsaw, IN 46580

PROPERTY DESCRIPTION

75.1+/-acres of beautiful rolling land with many potentials for building sites or farmland use.

TRACT DESCRIPTIONS

Tract 1: 13.1± ac Great potential building site. Almost all tillable cropland with road frontage on both Ferguson Rd & CR 200 S. Soils are a mixture of Rensselaer loam & Wawasee fine sandy loam.

Tract 2: 21± ac of productive, tillable cropland. Road frontage on CR 200 S. Soils are a mixture of Wawasee fine sandy loam, Crosier loam & Boyer sandy loam. A great tract to add to an existing farming operation or utilize as a larger building site.

Tract 3: 20± ac Beautiful rolling cropland. Large amount of road frontage on Ferguson Rd & access on CR 200 S. Productive soils of mainly Rensselaer loam & Wawasee fine sandy loam. Study the opportunities with this tract!

Tract 4: 21± ac Attractive cropland with wooded boarders. Road access is from Ferguson Rd, & also abuts W Blanchard St. Soils are a mixture of Crosier & Rensselaer loams. Study the potential for a beautiful country estate potential or future residential development potential.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts & as a total 75.1+/- acre unit. There will be open bidding on all tracts & combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations, & the total property may compete.

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 cashier's check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, & are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All final bid prices are subject to the Seller's acceptance or rejection. All successful bidders will be required to sign Purchase Agreements at the auction site immediately following the close of the auction.

DEED: Seller shall provide a Warranty Deed sufficient to convey insurable title to the real estate. Real estate is sold subject to all rights of way, legal highways, leases, easements of public record, & all other matters of public record.

EVIDENCE OF TITLE: Seller shall provide a preliminary title insurance commitment for review prior to auction. Seller agrees to furnish Buyer(s), at Seller's expense, an updated title commitment prior to closing. The cost of providing an Owner's Title Policy shall be paid for by Seller at closing.

CLOSING: The balance of the purchase price is due at closing. The targeted closing date will be approximately 30 days after the auction or as soon thereafter upon completion of surveys, if applicable, the final title commitment & Seller's closing documents. Costs for an administered closing shall be shared 50:50 between Buyer(s) & Seller. All lender costs shall be paid by the Buyer(s).

POSSESSION: Possession will be delivered at closing.

REAL ESTATE TAXES: Seller shall pay the 2025 real estate taxes due & payable in 2026.

ACREAGE: All tract acreages, dimensions, & proposed boundaries are approximate & have been estimated based on county tax parcel data, county GIS and/or aerial mapping.

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 or where Seller otherwise determines a survey is appropriate. Any need for a new survey shall be determined solely by the Seller. Seller & successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller's option & sufficient for providing title insurance. If Seller determines a survey is needed, combined purchases will receive a perimeter survey only. Final sales price shall be adjusted to reflect any difference between advertised & surveyed acres.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries & due diligence concerning the property. Inspection dates have been scheduled & will be staffed with auction personnel. Further, Seller disclaims any & 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.

EASEMENTS: Subject to any & all existing easements.

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

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & 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 & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & 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.

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