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Auction Date: 4/16/24 Auction Time: 1:00 PM CST

Auction Venue Location: eMbers Venue, 230 W Washington Street, Rensselaer, IN 47978

Open House Dates and Times: Tuesday March 26th from 2-4 pm CST and Saturday April 6th from 9-11 am CST, at 200 West, Rensselaer, IN 47978

Entire Farm Description:

Here’s a nice income producing farm with tillable ground, woods, hunting, and possible future home sites that has been owned by the same family for over 125 years! This larger, 135-acre parcel is located in Jasper County, Indiana and has a Rensselaer mailing address. It’s in a convenient and desirable location just about 5 miles south of Wheatfield, Indiana and 10 miles north of downtown Rensselaer. Commuting to some of the larger shopping areas or to some nearby major cities is not that difficult with State Road 49 and US Highway 231 just minutes away and I-65 less than 10 miles away. With these travel options, a drive to Chicago is under 1.5 hours and to Indianapolis in less than 2.5 hours. This piece of land has many unique and desirable features and different uses so it could provide benefits to many different types of buyers. Clearly the 90 plus acres of tillable farm ground is the cornerstone of the property. Consisting of some sandy loam soils and drained muck soils it has been a consistent producer of corn and bean crops. A central drainage ditch and a low area on the north side may allow for some improved drainage of even a great pond site for water retention and as a desirable improvement to the property. The balance of the property supports a great mix of woods and mature timber including several species of oaks, hickory, cherry, walnut, and other hard and softwood trees. Much of the 2000+ feet of road frontage is all wooded with the timber stretching out into the farm fields with some attractive cuts and fingers. This could also be a good real estate investment with increased land values and residential building in this area. Many land buyers and home builders have sought out properties in quaint farming towns like this one for their future homesite. You get the privacy, seclusion and benefits that rural towns and county living offer but the convenience and amenities you can utilize in just a short drive and easy road access.

Tract 1 Description:

This 85 +/- acre tract is a perfect mix of good producing tillable farm ground, wide open spaces, and wooded acreage and future opportunities. With this you will have a property that offers a good balance in a multi-use or investment property. With almost 50 acres of tillable farm ground, it has been a reliable producer with consistent yields and steady income from cash rent or a nice addition to your current farming operation. It may also be some of the property's other features that you may find more appealing with the current or potential uses. In addition to the farm ground, the balance of the property consists of approximately 35 acres of timber and woods lining the 1300 feet of road frontage. It’s a mix of hardwood and softwood trees with varying age structure. With gently varying changes in the elevation and topography and several fingers and cuts where the woods reach out or recede in and out of the adjacent farm ground create some interesting and appealing natural features. Because of the diverse and natural habitat, the property is attractive to deer, turkey and other wildlife. It is also a great property for hunting and recreational use. Additionally, its location and the presence of some newer residential building in the area suggest that this property may also be a good place for your future home or hobby farms. It is not very often that a property of this size and so many potential opportunities and uses becomes available. If a larger or smaller piece of land fits your need better, there is also a 50-acre parcel with a farm ground and timber mix that could be purchased together with this one or by itself.

Tract 2 Description:

Offered for auction is a nice, 50 +/- acre, mixed-use property which offers a lot of opportunity and benefits to the future owner. The first of many is the FSA reported 45.68 acres of productive farm ground. Consisting of some loamy sand and drained muck soils, and Weighted Average Productivity Index (WAPI) of 131.1, it could add some additional acres to your current farming operation or be a source of consistent and reliable income for the new owner. Located in Jasper County, Rensselaer, Indiana and in an area of predominant farming with some existing rural residential homes as well as newer homes and hobby farms. With a nice mix of production farm ground, a section of mature timber and brush and a small wetland area, this property is suited for many purposes. Of course, farming or farming income is a big benefit but hunting, recreation, conservation or for a future homesite are also possible uses. It has excellent paved road frontage and good access and several spots that could be suitable building sites. Being split off of a larger 135-acre property, there is also a 85 acres tract available as well.

Details:

Soil Types: Zadog-Maumee loamy sands Watseka-Maumee loamy sands, Morocco loamy sand, Muskego muck, drained

Soil PI/NCCPI/CSR2: 48.21 NCCPI 131.1 WAPI

CRP Acres/payment: NO CRP

Taxes: $1271 for 135 acres

Lease Status: Open Tenancy for 2025 crop year

Possession: Immediate possession subject to current tenants rights for 2024

Survey needed?: If sold in 2 tracts, a survey will be complete prior to closing

Brief Legal: N1/2 N1/2 SE,40A;S1/2 NE,80A; PT E LATL 77 SE NW,12.73A; PT E LATL 77 N1/2 NE SW,2.99A.27 31 6.

PIDs: 37-13-27-000-005.000-032

Lat/Lon: 41.1092, -87.0832

Zip Code: 47978
 

Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

Onsite bidders should bring a government-issued ID

10% down payment immediately after auction - cash, personal, or business checks accepted

If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

High bidder has 30 days to close unless otherwise noted

Announcements on auction day will take precedence over any prior announcements

This is a no contingency sale and is not subject to financing or additional inspections

Possession at closing, subject to tenant’s rights, if any

If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

135 Income producing tillable farm ground with woods, mature timber with possible development or building sites, offered in two tracts.

Desirable multi use land in a rural and secluded location but also conveniently located between Wheatfield and Rensselaer, IN.

Tract 1 is 85 +/- acres with 49.68 FSA Farmland Acres:

Tract 2 is 50 +/- acres with 45.68 FSA Farmland Acres

Approximately 2000 feet of total road frontage with Tract 1 having 1300 feet and Tract 2 700 feet

A east/west tree lined ditch provides a natural and practical boundary for the property split.

Many unique and desirable features allow different uses so it offers benefits to many different types of buyers.

Farming, hunting, recreation, conservation and future hobby farm or rural home site are all current or possible benefits

Economic growth and development in the area may prove this property to be a good real estate investment in the future.

Drive to Chicago is under 1.5 hours and to Indianapolis in less than 2.5 hours.

Please visit the auctioneers website for more photos and full Terms and Conditions.