• 229.9+/- USDA Cropland Acres • Great Location and Frontage • 16+/- Miles to Niles • 24+/- Miles to South Bend • 2025 Crop Rights Conveyed • Irrigation Well/Pump • Good House/Barns Move-In Ready • Tracts 1, 4 & 5 Currently have Irrigation • Pivots Offered Separately
LAND & IRRIGATION EQUIPMENT AUCTION - 259+/- ACRES OFFERED IN 7 LAND TRACTS AND 5 IRRIGATION TRACTS IN CASS COUNTY, MICHIGAN
20471 Allegheny St., Cassopolis, MI 49031 - Cass County, MI
Owner: Vivian Purkhiser Trust & Vivian Purkhiser Estate, Trustee & Personal Representative Southern Michigan Bank and Trust, Sherrie Cockran, VP Wed, Sep 25, 2024 EASTERNAUCTION IS OVER
TOTAL SOLD: $2,910,000
| Tract(s): 1-6 | @ $2,560,000 | ($11,583/acre) |
| Tract(s): 7 | @ $350,000 | ($9,210/acre) |
OPEN HOUSE/INSPECTION DATES
Friday, August 30th from 5-7PM
Saturday, September 14th from 9-11AM
Friday, September 20th from 5-7PM
Meet Agents on Tract 3
PROPERTY LOCATION
20471 Allegheny St. Cassopolis, MI 49031
From Cassopolis, east on Hwy 60 to Decatur Rd, then left about 3 miles to Allegheny St, Farm #1 on the right.
To Farm #2, continue north on Decatur about 4 miles to Marcellus Hwy, then left 1 mile to farm on the right.
AUCTION LOCATION
Marion Magnolia Farms
57376 Twin Lakes Rd., Cassopolis, MI 49031
From Cassopolis north on Hwy. 62 about 3 miles then leave Hwy. 62 to right at Lindys on Twin Lakes Rd. and about 1 mile to site on the left.
PROPERTY DESCRIPTION
FARM #1 - Section 8 & 17, Township 6S 14W (All acreages are approximate)
TRACT 1: 42+/- acres all cropland except older hog barn with electric service/well. Good frontage on Decatur Rd. and Allegheny St.
TRACT 2: 12+/- acres all woodland. Nice stand of hardwoods. Good frontage on Allegheny St. Many recreation uses and make your place in the county.
TRACT 3: 4+/- acres with nice 1,300+ sq. ft. frame house, central air, 2 bedrooms, 1 car garage, 50ft x 70ft pole barn and 30ft x 50ft beam barn with loft, 2 older bins.
TRACT 4: 89+/- acres all cropland. Schoolcraft soils. Irrigation pipe under road to serve this tract. Frontage on Allegheny St. and Gards Prairie Rd. Nice tract.
TRACT 5: 63.5+/- acres all cropland. Irrigation well has 3 phase electric service. Frontage on Allegheny St. and Gards Prairie Rd. Nice tract to buy with Tract 4 or separately.
TRACT 6:10.5+/- acres all woodland with 50 ft. owned frontage on Gards Prairie Rd. Great recreation tract and investment woodland.
FARM #2 - Section 24, Township 5S, 15W (All acreages are approximate)
TRACT 7: 38+/- acres with 36.9 acres cropland and 1.2 acres woodland. Good frontage on Marcellus Hwy.
IRRIGATION EQUIPMENT (Sells Separately from Real Estate)
TRACT 8: North of Allegheny Rd. unit, 2008 Valley Model 8000, towable 650 ft. with 4 towers/160 ft. spans.
TRACT 9: Also, north of Allegheny, 3 phase 75 HP well motor and 2 heavy barricades.
TRACT 10: South of Allegheny Rd. east unit, 2008 Valley Model 8000, towable, with 645 ft. 4 towers/160 ft. spans.
TRACT 11: South of Allegheny Rd., far west unit, Lockwood towable 5 tower 640 ft., newer Valley center point and control box. 2023 many new gearboxes and motors.
TRACT 12: South of Allegheny Rd. and south of woods (middle unit). Lockwood towable 5 tower, 640 ft. newer Valley control box.
Irrigation pivots on Tracts 1, 4 & 5 are owned by McKenzie Farms. For information contact Brian at 269-646-2206.
TRACT MAP(S)
Tracts 1-6
Tract 7
AREA MAP(S)
PROCEDURES: The property will be offered in 7 individual land tracts and 5 irrigation equipment tracts, any combination of tracts, or as a total 259+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. Irrigation equipment will not be offered in combination with any real estate.
DOWN PAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash; cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller's acceptance or rejection including Tract 8.
EVIDENCE OF TITLE: Sellers shall provide an owner's title insurance policy in the amount of the purchase price. Tracts 1-6 are subject to PA 116 and may be removed at buyer's request at closing.
DEED: Sellers shall provide Trustee/Estate Deed.
CLOSING: The targeted closing date will be November 1, 2024. The balance of the real estate purchase price is due at closing.
POSSESSION: At closing. 2025 crop rights and timber rights to be conveyed. Subject to 2024 tenants rights.
REAL ESTATE TAXES: Seller will pay real estate taxes assessed 2024 and Buyer(s) will pay 2025 and beyond. (2023) Taxes estimated at $10,364.71/yr.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreage's.
FSA INFORMATION: Farm 8530. See agent for bases.
EASEMENTS: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.
AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the person's credentials, fitness, etc. All decision of the Auctioneer is final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.
