AUCTION IS OVER

TOTAL SOLD: $1,275,000

Tract(s): 1+2	@ $877,200	($7,057/acre)
Tract(s): 3	@ $397,800	($7,577/acre)

• 95+/- TILLABLE ACRES • EXCELLENT HUNTING AREA • JOINING PATOKA RIVER NATIONAL WILDLIFE REFUGE • OVER 1/2 MILE OF PATOKA RIVER FRONTAGE

This property offers a wonderful opportunity to acquire 95+/- acres of income producing tillable farmland & at the same time acquire 80+/- acres of excellent hunting/recreational land adjacent to the Patoka River National Wildlife Refuge. If you're a Hunter/Recreationist or Farmer don't miss this important auction. I look forward to meeting you at the inspection or the auction on February 10th!

OPEN HOUSE/INSPECTION DATES

January 22, 2026 from 11am-1pm
Meet a Schrader Representative at Tract 3.

PROPERTY LOCATION

St Rd 257, Velpen, IN 47590
From the junction of US Hwy 231 (Main St) & St Rd 64 (6th Street) in downtown Huntingburg, go West on St Rd 64 10 miles to St Rd 257, turn North & proceed 2.8 miles to the property.

AUCTION LOCATION

Huntingburg Event Center
110 E 14th Street, Huntingburg IN 47542

PROPERTY DESCRIPTION

176.8+/-acres of excellent hunting and farm ground near the Patoka Wildlife Refugee.

TRACT DESCRIPTIONS

Tract 1: 61.7± ac with 30+/- tillable acres, the balance is mostly wooded. There is a small pond, frontage along St Rd 257, a homesite & older outbuildings.

Tract 2: 62.6± ac with 38+/- tillable acres, the balance is mostly wooded. There is over 1/2 mile frontage along Patoka River. This tract is adjacent to the Patoka River National Wildlife Refuge.

Tract 3: 52.5± ac with 27+/- tillable acres, the balance is in woods & adjoins the Patoka River National Wildlife Refuge.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts & as a total 176.8+/- 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.

BUYER'S PREMIUM: A 2% Buyer's Premium will be added to the final bid price & 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 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 successful bidders will be required to enter into Purchase Agreements 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 owner's title insurance policy in the amount of the purchase price.

DEED: Seller shall provide a Warranty Deed(s).

CLOSING: The targeted closing date will be approximately 30 days after the auction.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with 2026 taxes due in 2027 & thereafter.

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.

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

MINERAL RIGHTS: Seller(s) shall convey 100% of mineral rights they own to the buyer(s). 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 & 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. Combination purchases will receive a perimeter survey only.

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.