LAND AUCTION - 162.5+/-ACRES OFFERED IN 4 TRACTS IN KOSCIUSKO COUNTY, INDIANA
W 700 N, Leesburg, IN 46538 - Kosciusko County, Indiana · Owner: Brenda Sue Lamon, Carl V. Diehl, Ryan C. Bast & Andrew C. Bast
- Auction dateTue, Dec 8, 6:00 PM ET
- Acres162±
- Tracts4
- Auction held atZimmer Biomet Center Lake Pavilion
119 East Canal St, Warsaw, IN 46580
- PRODUCTIVE SOILS WITH NEARLY ALL TILLABLE ACREAGE
- 158.67 FSA CROPLAND ACRES
- 6+/- MILES NW OF WARSAW & 3+/- MILES W OF LEESBURG
- EXCELLENT POTENTIAL HOME & MINI FARM BUILDING SITE
- TRACTS OFFERED IN 5-82.5+/- ACRES IN SIZE
Open house / inspection dates
Tuesday November 17, 2026 from 3-5pm
Property location
W 700 N, Leesburg, IN 46538
West of 3491 W 700 N, Leesburg, IN 46538. From Leesburg, IN, go west on 675 N to 100 W, turn right (north) go .25 miles to 700 N, turn left (west) 2.5 miles. Farm will be on right (north side) of 700 N.
Auction location
Zimmer Biomet Center Lake Pavilion
119 East Canal St, Warsaw, IN 46580
Property description
Quality Kosciusko County land auction offered in 4 tracts for a total of 162.5+/-acres.
Tract descriptions
| Tract | Acres | Description |
|---|---|---|
| 1 | 40± | nearly all tillable, level productive cropland w/road frontage on 700 N. Productive soils are a predominately Shipshe sandy loam, Boyer loamy sand, & Kosciusko sandy loam. |
| 2 | 82± | almost all tillable, level productive cropland. Soils are a mixture of Brady sandy loam, Boyer sandy loam & Sebewa loam. The tract is accessed by gravel drive along 700 N. |
| 3 | 35± | of all tillable, level cropland w/road frontage on 700 N. |
| 4 | 5± | of almost all tillable cropland w/road frontage on 700 N. Excellent building site for a home or mini farm building site! |
Area map
Tract map
Area map
Terms
PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts & as a total 162.5+/- 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 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 Seller's 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 General Warranty deed, subject to any easements & other permitted exceptions of record.
CLOSING: The targeted closing date will be approximately 30 days after the auction.
POSSESSION: Possession is at closing, subject to the farm tenant's rights for the 2026 crop year.
REAL ESTATE TAXES: Seller to pay the 2026 real estate taxes, due in 2027. Buyer(s) to pay all taxes thereafter & drainage assessments due after closing.
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 w/ 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.
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. 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.
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