GREAT INVESTMENT OPPORTUNITY!

25+/- ACRES OF TRANSITIONAL CROPLAND BORDERING RESIDENTIAL DEVELOPMENT & ZONED RESIDENTIAL!

PRIME LOCATION WITH MULTIPLE ACCESS POINTS & UTILITIES STUBBED IN PLACE! 

Thursday, April 27, 2023 at 6:30 pm - Bid Live In-Person or Online!

Auction Location: Claypool Lion's Club - 201 W Calhoun St, Claypool, IN 46510
Property Location: Just east of SR 15 in Claypool to Rebecca St., then North to the property

GREAT OPPORTUNITY!  25+/- Acres of Transitional Cropland bordering residential development already Zoned Residential & Ready for Development!

25.34 Acres of Cropland in a Prime Location with Multiple Access Points & Utilities are already stubbed in place!

Would make an Ideal Investment Opportunity to own quality cropland that is ready to transition to a residential development or could subdivide and develop yourself! 

The Terms for This Auction Are:

This property will be offered at Auction on Thursday, April 27, 2023, at 6:30 pm at the Claypool Lion's Club. Your bid constitutes a legal offer to purchase, and the final bid shall constitute a binding contract between the Buyer(s) and the Sellers. The seller reserves the right to accept or reject all bids. The auctioneer will settle any disputes as to bids and his decision will be final. The acreages and square footage amounts listed in this brochure and all marketing material are estimates taken from county records, FSA records and/or aerial photos. The sellers reserve the right to determine the need for and type of survey provided. If completed, the cost of the survey will be shared 50/50 by the Sellers and the Buyer(s). Purchasers agree to sign a purchase agreement within 48 hours of the auction ending and submit an earnest money deposit of 10% down the day of the auction with the balance due at closing. Said funds will be held in our Escrow account and will come off your balance due at closing. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. The Sellers will provide a Trustee’s Deed at closing. The Sellers will provide an Owner’s Title Insurance Policy. The closing(s) shall be on or before June 2, 2023.
Possession will be subject to the current tenant’s rights to the 2023 harvest.
Farm Income: The seller will retain the 2023 Spring installment of the cash rent with the buyer to receive the Fall installment of the 2023 cash rent and all income thereafter.
Taxes: Seller agrees to pay the Spring installment of the 2023 due in 2024 taxes at closing based on the most current rate available with the buyer to pay the Fall installment of 2023 due in 2024 taxes and all taxes thereafter. Any change in the 2023 due in 2024 rate will be the buyer’s responsibility. Real estate taxes for the entirety in 22’ due in 23’ were approximately $713.34.
Metzger Property Services LLC, Chad Metzger, and their representatives, are exclusive agents of the Sellers. All statements made auction day take precedence over printed materials. The property is being sold “AS IS, WHERE IS” with no warranties expressed or otherwise implied. All decisions made by the auctioneer are final. Real Estate Brokers must register clients 24 hours in advance of the auction and be present at the auction & any showings your client attends to receive compensation. Client Registration form is in the documents section of the MLS.

Any Questions? Call the Office at 260.982.0238 or email info@metzgerauction.com

TERMS: 10% down day of the auction with the balance at closing. The Sellers will provide a Trustee's Deed at closing. The Sellers will provide an Owner’s Title Insurance Policy. If survey is required for clear title, the costs shall be split 50/50 by the Seller and Buyer(s).

The land is rented for the 2023 crop year, the Spring installment of the farm rent will go to the Trust with The Fall installment of the farm will go to the buyer.

RE BROKERS: Must Register Clients 24 hrs. in advance of the auction & be present with them at any & all showing they attend including the auction to receive compensation. Client Registration form is in docs. Seller has the right to accept bids prior to auction.

This property will be offered at Auction on Thursday, April 27, 2023, at 6:30 pm at the Claypool Lion's Club. Your bid constitutes a legal offer to purchase, and the final bid shall constitute a binding contract between the Buyer(s) and the Sellers. The seller reserves the right to accept or reject all bids. The auctioneer will settle any disputes as to bids and his decision will be final. The acreages and square footage amounts listed in this brochure and all marketing material are estimates taken from county records, FSA records and/or aerial photos. The sellers reserve the right to determine the need for and type of survey provided. If completed, the cost of the survey will be shared 50/50 by the Sellers and the Buyer(s). Purchasers agree to sign a purchase agreement within 48 hours of the auction ending and submit an earnest money deposit of 10% down the day of the auction with the balance due at closing. Said funds will be held in our Escrow account and will come off your balance due at closing. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. The Sellers will provide a Trustee’s Deed at closing. The Sellers will provide an Owner’s Title Insurance Policy. The closing(s) shall be on or before June 2, 2023.
Possession will be subject to the current tenant’s rights to the 2023 harvest.
Farm Income: The seller will retain the 2023 Spring installment of the cash rent with the buyer to receive the Fall installment of the 2023 cash rent and all income thereafter.
Taxes: Seller agrees to pay the Spring installment of the 2023 due in 2024 taxes at closing based on the most current rate available with the buyer to pay the Fall installment of 2023 due in 2024 taxes and all taxes thereafter. Any change in the 2023 due in 2024 rate will be the buyer’s responsibility. Real estate taxes for the entirety in 22’ due in 23’ were approximately $713.34.
Metzger Property Services LLC, Chad Metzger, and their representatives, are exclusive agents of the Sellers. All statements made auction day take precedence over printed materials. The property is being sold “AS IS, WHERE IS” with no warranties expressed or otherwise implied. All decisions made by the auctioneer are final. Real Estate Brokers must register clients 24 hours in advance of the auction and be present at the auction & any showings your client attends to receive compensation. Client Registration form is in the documents section of the MLS.