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Schrader Auction Announces Farmland Auction

21 Oct

Gazette Staff

Dreaming of getting away from it all yet staying in Northwest Indiana? Schrader Auction has announced that they will auction off several tracts of land in Northwest Indiana. The land is primarily located in Crown Point, St. John, Lowell and Hebron. The tracts are primarily farmland and range in size from 3.6 acres to 172 acres. The auction will take place on Tuesday November 12, 2013 at St. Elijah Serbian Hall, 8700 Taft Street, Merrillville, Indiana. R.D. Schrader, President of Schrader Real Estate and Auction Company explains:

This will be a very significant event, because there has been an undersupply of larger Indiana farms relative to the market demand. . .”Essentially, we have four blocks of contiguous land, and three of those blocks are
being offered in tracts. Taken as a whole, about two-thirds of the land is tillable.
There is also some nice recreational and wooded land, and some of the land also has
development potential. Notably, it includes a 149-acre development tract less than
40 miles from Chicago. There may also be some value in the timber on several of the
tracts

OPEN HOUSE/INSPECTION DATES
Saturday, October 5, 9-11AM Central
Wednesday, October 9, 3-5PM Central
Thursday, October 17, 3-5PM Central

Inspection Headquarters: Range Line Community Presbyterian Church Hall, 18095 Clay St. Hebron, IN 46341. From Interstate 65, travel east on St. Rd. 2 for about 1-1/4 mile, turn north (left) on Clay St. Immediately the church will be on your right.
The tracts are as follows:

PROPERTY DESCRIPTION
UNIT A – TRACTS 1 – 7
UNIT B – TRACTS 8 – 13
UNIT C – TRACTS 14 – 23
UNIT D – TRACT 24

TRACT DESCRIPTIONS
Tract 1: 80± ac of very productive farmland. 73.5+/- acres tillable and approximately 3 wooded acres. Road frontage on E. 165th Ave. and Grand Blvd.

Tract 2: 118± ac of productive farmland. 114.8+/- acres tillable in one large field. Road frontage on E. 165th Ave. and Grand Blvd.

Tract 3: 120± ac of productive farmland. 110.5+/- acres tillable. Road frontage on E. 165th Ave.

Tract 4: 160± ac of quality farmland. 159.6+/- acres tillable in 3 fields which could be farmed in 1 large field with the clearing of only 2 interior tree lined fencerows. E. 173rd Ave. frontage.

Tract 5: 21± ac Investigate the building site possibilities! Road frontage on E. 173rd Ave. and Grand Blvd. 9.9+/- tillable acres, grass land used for hay and trees. Two old electric lines are on this tract along with remnants of an old building which was burned.

Tract 6: 37± ac This tract offers 15.8+/- tillable acres, woods and a pond. Explore the recreation/hunting and building site potential. Road frontage on Grand Blvd. An electric line stops near the south end of this tract on Grand Blvd. Also, take a look at the walnut trees on the west side of this tract.

Tract 7: 24± ac 14.7+/- acres tillable and do not miss looking at the nice stand of walnut trees in the northwest corner and west side. Investigate the hunting/recreation and income potential of this tract with trees and woods along its exterior. If tract 7 is purchased separately, tree clearing and possibly a small ditch crossing along Grand Blvd is needed to access the property by vehicle. Any tree clearing and ditch crossing, along with any needed approvals, will be the responsibility of the buyer.

NOTE: If you are interested in the R-1 zoning(one-family zone) on UNIT A, contact the auction manager for more information.

Tract 8: 40± ac of quality farmland. Mostly tillable and efficiently farmed in one field. Calumet Ave. road frontage.

Tract 9: 66± ac of productive farmland. Mostly tillable with waterways on the east side of the property. Road frontage on Calumet Ave. Consider combining with tracts 8 and 10 for a nice larger unit on the east side of Calumet Ave.

Tract 10: 35.7± ac Swing Tract – of productive farmland with waterways. This tract must be bid in combination with Tract 9 or by an adjoining landowner.

Tract 11: 20± ac tract of land with 14.4+/- acres of tillable land, and woods. Homesite and frontage on Calumet Avenue. This tract also has an older 2 story 2,048 sq. ft. farm house (needs TLC and in need of repair). Potential to remodel the house or a beautiful building site. Also, there is an old barn and silo on this tract. Excellent location near the Indiana-Illinois State Line. Tri-Creek School Cooperation district.

Tract 12: 71.3± ac of mostly tillable productive farmland. Road frontage on Calumet Ave. Consider bidding in combination with Tract 13 for a 102.3+/- acre unit.

Tract 13: 31± ac Swing Tract – with 27.7+/- acres of productive tillable farmland. West Creek borders the west side. Consider the potential of the walnut trees in the southeast corner. The ditch crossing into this parcel from tract 12 appears to need improvement and possibly replacement. Any ditch crossing improvements, along with any needed approvals, will be the responsibility of the buyer. This tract must be bid in combination with Tract 12 or by an adjoining landowner.

Tract 14: 172.7± ac of mostly tillable productive farmland. Excellent location east of Crown Point with road frontage on Gibson St. and E. 129th Ave.

Tract 15: 54± ac Explore the recreational and hunting opportunities along with the income potential of this tract just east of Crown Point. There are two separate woods totaling approximately 20 acres, as well as tillable land. Road frontage on E. 129th Ave. (unimproved at this point).

Tract 16: 3.6± ac tract of land with a 2 bedroom home, 1 bath, small kitchen and living room. Also there is a 755 sq. ft. work shop with lights. 5017 E. 129th Ave. Crown Point, IN 46307.

Tract 17: 6.9± ac tract of land with some woods and open area. It has an older 2 story farm house in need of repair with approximately 2310+/- sq. ft. (per assessor property card). Also, there is a 2 car garage, (2) silos and a 30 ft. x 60 ft. tool shed with concrete floor, lights and is insulated. 4915 E. 129th Ave. Crown Point, IN 46307.

Tract 18: 92.3± ac Tillable land, marshland and small woods. Investigate the recreational potential of this tract along the Niles Ditch. Access is from E. 129th Ave. at the southeast part of this tract. E. 129th Ave. is unimproved at this point and for approximately 1/2 mile to the east. Within the town of Winfield. Contact auction manager for additional information regarding tillable acreage.

Tract 19: 88.7± ac of productive farmland. Mostly tillable and loads of road frontage. The property is improved with a 2 story older farm house with 1680+/- sq. ft. (per assessor property card), 4 bedrooms, 1 bath, small kitchen and living room. This tract has a 12 ft. x 45 ft. shop and horse barn with a 20 ft. x 32 ft. addition and the entire barn presently has (4) horse stalls. The wooded area north of the house offers a park like setting. There is also an old barn and silo. Frontage on Gibson St. and E. 129th Ave. Within the town of Winfield. 5006 E. 129th Ave. Crown Point, IN 46307.

Tract 20: 36.1± ac with 25+/- acres tillable. This tract offers very productive farmland and approximately 10 acres of woods along Gibson St. Investigate for a possible home site in the woods or the field to the north which offers great open views. Within town of Winfield.

Tract 21: 64± ac Explore the recreational and hunting opportunities of this mostly wooded (41+/- acres) property with tillable land for crops and/or food plots. Also, make sure to inspect the timber (oak and hickory). Access is from E. 129th Avenue on the south which is unimproved at this point. There is a 20 ft. wide strip from E. 121st Avenue to the main portion of this parcel. Improvements would need made to this 20 ft. strip for good access, such as a ditch crossing and possibly tree clearing. Any ditch crossing, needed approvals and any other needed improvements are the responsibility of the buyer. Within the town of Winfield.

Tract 22: 141.5± ac of productive farmland which is mostly tillable. Access from E. 129th Ave. (unimproved at this point). Within the town of Winfield. Contact auction manager for additional information regarding tillable acreage.

Tract 23: 106.1± ac Consider the possibilities. Potential beautiful wooded home site with tillable land for income and additional land for recreation. Frontage on E. 121st Ave. A ditch crossing will be needed to access the southern portion of the tract. Any ditch crossing and any needed approvals will be the responsibility of the buyer. Consider combining with Tract 22 and have access to the area south of the ditch without installing a ditch crossing. Within the town of Winfield. Contact auction manager for additional information regarding tillable acreage. Unit C is within the Crown Point Community School Corporation District.

Tract 24: 149.1± ac in St. John, Indiana near the Indiana-Illinois state line. R-2 zoning with a great location bordering quality residential subdivisions. This property offers a developer great natural settings for lots given its trees, sloping terrain and open land. Get a jump start on developing this property. Engineering plans for proposed Kilkenny Estates, Unit 4 are available. These plans call for 161 lots. Contact Auction Company for additional information. Roads stubbed to the property.

Note: We believe that Tracts 6, 7, 13, 21, 23 and 24 may have some timber value, therefore we will have a timber buyer cruise these woods and give us an estimate of timber value on each of the above tracts.

For more information or to register for the auction, you can visit The Schrader Real Estate and Auction Company Website

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