Real Estate Auction Roundup

By William Flood

 Illinois

Illiopolis - On March 25, Cory Craig auctioned a home and multiple residential lots as two tracts.

Tract 1 held a 1,700-square-foot Four Seasons manufactured home. The 2-bedroom/2-bath dwelling was built in 1999 and installed on the property in 2000. It was modified with in-law quarters containing an extra kitchen and living area that could be converted to two additional bedrooms. It featured gas forced-air heat, central A/C, and a Generac 18KW whole house generator. The building sat on two residential lots alongside a 24-foot-by30-foot attached garage, 14-foot-by-25-foot permanent shed, and a 20-foot-by-32-foot barn with a 9-foot-by-20-foot enclosed lean-to. Tract 2 contained two adjacent residential corner lots. Tract 1 sold for $100,300; Tract 2 went for $3,100.

Greenup - Schmid Auction held a zero buyer’s premium online auction of 40 +/- acres on March 26. The prime farmland consisted mainly of Racoon and Newberry silt loam soils, with a Soil Productivity Index of 120.2. Mineral rights conveyed with the sale. The final price was $430,000 or $10,750/acre.

Indiana

Newville Township - Schrader Real Estate and Auction Company offered 80 +/- acres with tillable acreage, potential building sites, and recreational land in four tracts on March 25. Tract 1 consisted of 8.5 +/- acres, featuring a grassed opening within a wooded border. Sloping terrain made for a potential walkout building site. To the south and east was a drain, drawing deer traffic. Tract 2 held 44.5 +/- acres, with a 7+/- acre raised opening behind the trees, good for a building site. Beyond it, the tract opened to tillable acreage which had, until last year, been for decades in CRP. It could be re-enrolled into the CRP or put back into use. Tract 3 was a 10+/- “swing tract” laying between the woods of Tract 4 to the south and adjoining woods to the north. It could be used as a family food plot or combined with Tract 2 for additional tillable land. That tract was only available in combination with Tracts 2 or 4 or to an adjacent landowner. Tract 4 consisted of 17+/- acres, with 3+/- acres tillable and 7+/- acres of Classified Forest. A 100-foot owned road access created potential as a building site or as hunting/recreation property. Some remaining mature timber offered potential income. The parcels sold combined for $1,550,000, computing to $19,375/acre.

Vincennes - On March 14, SellaFarm offered in 2 tracts 56.65+/- acres, good for farming or development. Tract 1 consisted of 42+/- acres. The nearly 100 percent tillable land was mainly Alford silt loam, all NHEL, and had a WAPI of 135.6. The property had access to SR 61 and was close to grain terminals and major highways. Tract 2 held 14.65+/- acres with potential building sites. The property featured a 4.6+/- acre pond, mature trees, 2 water wells, and a traditional barn. It also had access to SR 61. Farming and mineral rights conveyed in 2024. Tract 1 sold for $609,000, equating to $14,500/acre. Tract 2 sold for $216,087 or 14,750/acre.

Kentucky

Murray - Harris Real Estate and Auction offered 5 acres as a single tract on March 12. The property, within the city limits, was canopied in mature timber. It carried residential (R-4) zoning, and had access to local Chris Drive, providing good development potential. Adjacent apartments reflected a variety of development possibilities. The property sold for $85,000, equating to $16,719/acre.

Owensboro - On March 28, Kurtz Auction and Realty presented 124.853 acres in 3 tracts. Tract 1 consisted of 34.750 mostly wooded acres, with approximately 5 acres of open ground. It had 1,632’ of local road frontage. Tract 2 was 64.892 acres, with 28 tillable acres (Alford and Belknap silt loams), a ¾ acre lake, and the balance in woods. It provided 77 feet of road frontage. Tract 3 held 25.211 acres, with 22 acres tillable (Hosmer and Belknap silt loams), and the balance in woods, and carried 76 feet of road frontage. The parcels sold combined for $749,118 computing to $6,000/acre.

Michigan

Kinde - Albrecht Auction offered two parcels as a single 76+/- tract on March 26. The tiled farmland in PA 116 was enrolled in the Conservation Reserve Program (CREP) through Sept. 30, 2027, and the Hunting Access Program (HAP) through Sept. 30, 2025. The CREP annual payment was $16,312. The HAP annual payment was $1,187. The property was believed to be tiled at 50 feet with plastic tile. Two mains on the west side of the creek had been cut due to the CREP program. Both parcels had frontage on West Kinde Road. The property sold for $617,000 or $8,118/acre.

Manton - On March 26, Miedema’s LastBid Real Estate auctioned a 3,864-square-foot commercial building, formerly known as the Merry Inn Restaurant. The property contained three parcels sold together, totaling .71 acres. The building needed work but could be used for many business types. It featured natural gas heat, central air, municipal water/sewer, and was located close to the freeway. A 3-bedroom apartment upstairs stripped to the studs offered additional income potential. No kitchen equipment or furnishings were included in the sale. The final price was $75,000.

Ohio

Kilbuck - Kaufman Realty & Auctions presented 13.662 acres as one parcel on March 21. The mostly wooded property had recently undergone a selective timber cut. It featured a 3 ½-acre open field at the front, good for a building site. It sold for $134,750 or $9,863/acre.

New Carlisle - On March 28, Sheridan & Associates auctioned as three tracts, 183 acres with above-average soils and over 84% tillable. Tract 1 had 86.6 acres on both sides of Addison-New Carlisle Road. 76.6 acres were tillable with the balance in woods. It held a 1-story, 1,260 square-foot brick home with 3 bedrooms, 1 bathroom, and a 1-car attached garage. The parcel also had a 72-foot-by-44-foot bank barn, a block 2+ car detached garage, and 3,600 of frontage on two roads. Tract 2, good for farming or recreational use, was 51.4 acres, with 39.0 tillable, 12+ acres in woods, and 1,940 feet of road frontage. Tract 3 contained 44.8 total acres in Clark (25.4) & Miami (19.4) counties. 38.3 acres were tillable and 6+ acres were woods and a pond. It had over 660 feet of road frontage and presented a good mini-farm opportunity. The parcels sold combined for $1,800,000, calculating to $9,847/acre.