• 97% TILLABLE ACRES • EXCELLENT PELLA, PEWAMO AND BLOUNT SOILS • HIGH FERTILITY, LARGE FIELDS, EXCELLENT ROAD ACCESS • EXCELLENT DRAINAGE OUTLETS • 1031 EXCHANGE OPPORTUNITY

LAND AUCTION - 535+/-ACRES OFFERED IN 6 TRACTS IN DELAWARE COUNTY INDIANA
Delaware County Indiana
Owner: David L. Sprong and Sprong Farms, Inc. Wed, May 21, 9:00 AM EASTERN
2025 Crop Rights!
Immediate Possession!
OPEN HOUSE/INSPECTION DATES
Thursday May 1, 2025 from 4-6pm
Saturday May 3, 2025 from 10am-12pm
Meet a Schrader Representative at 12811 N Walnut St, Muncie, IN 47303
PROPERTY LOCATION
Tracts 1 & 2: From the intersection of SR 3/SR 28 on the North side of Muncie, travel North 2 miles on SR 3 to CR 800 N. Turn left on CR 800 N and travel approximately 1 1/4 miles to the property. Tract 2 also has frontage on Walnut St.
Tracts 3 & 4: From the intersection of SR 3/SR 28 on the North side of Muncie, travel North on SR 3 for 1 mile to CR 700 N. Turn left on CR 700 N and travel approximately 1/2 mile to the property.
Tract 5: From the intersection of SR 3/SR 28 on the North side of Muncie, travel North 2 miles on SR 3 to CR 800 N. Turn left on CR 800 N. and travel approximately 1/4 mile to the property.
Tract 6: From the intersection of SR 3/SR 28 on the North side of Muncie, travel North 2 1/2 miles on SR 3 to CR 850 N. Turn left on CR 850 N and travel approximately 1/4 mile to the property. Tract 6 also has frontage on Walnut St.
AUCTION LOCATION
Delaware County Fairgrounds-Heartland Hall Building
1210 N Wheeling Ave Muncie IN 47303
TRACT DESCRIPTIONS
Tract 1: 80± ac all tillable land along CR 800N. Productive Pella, Pewamo and Blount-Del Rey soils combined with the presence of a county drain make this tract an excellent opportunity.
Tract 2: 73± ac all tillable, with access from both CR 800N and Walnut St. This tract includes a county drain across the south end and features both Pewamo and Blount-Del Rey soils. Perfect to combine with tract 6 for approximately 150 tillable acres.
Tract 3: 80± ac all tillable land, featuring Pewamo and Blount-Del Rey soils. This tract offers frontage along both CR 700N and Walnut St, making it an excellent addition to your operation. Don't miss this one.
Tract 4: 51.5± ac all tillable land with Pewamo and Blount-Del Rey soils. This parcel has good access along CR 700N and would be perfect to combine with Tract 4. Excellent drainage outlet along the East property line.
Tract 5: 70.5± ac with productive Pella and Pewamo soils, providing a solid corn rating on approximately 66 tillable acres. There is an excellent drainage opportunity as Studebaker open ditch forms the northern border. Full frontage along CR 800 N and Walnut St.
Tract 6: 180± ac with nearly 175 tillable productive Pella and Pewamo Soils, making this an exciting tract to consider. This parcel also features full frontage along Walnut St. and CR 850N. Excellent drainage outlet with Studebaker open ditch along the southern boundary. Examine the opportunity here.
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 6 individual tracts, any combination of tracts & as a total 535+/- 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% of the accepted bid as down payment on the day of the auction with balance in cash at closing OR an additional 10% down (20% total) for immediate farming possession. The down payment may be in the form of cash, cashier's 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: 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 Warranty and/or Corporate Deed(s).
CLOSING: The targeted closing date will be approximately 30 days after the auction.
POSSESSION: Possession is at closing or immediate access available if a pre-closing access document is completed.
REAL ESTATE TAXES: Seller to pay 2024 due 2025 taxes. Taxes due in 2026 & thereafter will be the responsibility of the Buyer(s).
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 and 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.