Live and Online at Ranchandfarmauctions.com
Auction Date: 08/02/2023 Auction Time: 3:00 PM
Auction Location: Holiday Inn Express, 21 Mattes Avenue, Vandalia, IL 62471
Entire Farm Description:
Welcome to the highly anticipated real estate auction for a diverse investment property near Lake Shelbyville. This exceptional property offers several opportunities and potential for investors seeking a lucrative venture. Let's explore the remarkable features that make this property a truly exceptional investment.
Located across this property, you will find a variety of enticing elements. With approximately 55 acres of remaining tillable land currently being farmed on shares for an average of $24,000 in annual income. The current farm tenant has expressed interest in continuing operations. Within the property are 8 acres of timber, adding both aesthetic values as well as hunting opportunities. For t...
Located across this property, you will find a variety of enticing elements. With approximately 55 acres of remaining tillable land currently being farmed on shares for an average of $24,000 in annual income. The current farm tenant has expressed interest in continuing operations. Within the property are 8 acres of timber, adding both aesthetic values as well as hunting opportunities. For those considering building on the property, there are three potential build sites, each offering a unique vantage point and scenic views. Whether you envision constructing your dream home, establishing a retreat center or developing vacation cabins, the possibilities are endless. In addition to the above features, an older pole building is situated on the property providing storage or workshop space for various purposes. This structure adds versatility and functionality to the investment allowing for immediate use or potential renovation. Multiple ponds dot the landscape, providing a serene and tranquil setting for fishing and outdoor enthusiasts. The vast acreage also lends itself to a multitude of recreational activities. Adventurers can explore the property's extensive trails perfect for hiking, camping or embarking on thrilling ATV or bike rides, offering endless opportunities for discovery and appreciation.
One of the notable features of this investment property is an active rock quarry. With an estimated income potential of $100,000 to $125,000, this quarry presents a profitable opportunity for those interested in the mining industry. The remaining resources hold substantial value and offer a solid return on investment. Furthermore, the current owner has received an offer to install wind turbines on the property, adding another significant source of income. This potential venture can substantially boost the property's profitability.
In summary, this diverse investment property offers a range of lucrative opportunities and captivating features. From tillable land and timber resources to building sites and recreational amenities, this property caters to a multitude of investment strategies. The tillable income, active rock quarry and the potential for wind turbines further enhance its income-generating potential. Don't miss this chance to acquire a truly exceptional and profitable piece of real estate. Join us at the auction and seize this golden opportunity to secure your future success. Please reach out to land specialist Josh Malone with any questions or for additional quarry and wind turbine details on this property
Details:
55+/- acres tillable
Lat/Lon: 38.28791, -88.69942
PID: 3192500200001
Brief Legal: Part NE and NW S25 T10N R4E in Shelby County
Taxes: $7600
Tract 1 Description: 31+/- acres
This tract consists of mostly tillable land, providing ample space for agricultural pursuits. The fertile soil and favorable conditions create a promising environment for various crops or farming operations. Whether you're interested in cultivating crops, establishing a sustainable farm, looking for a place to build, hunting or any other outdoor activities, possibilities are abundant.
For those with a passion for hunting, this property presents a prime opportunity. The diverse landscape, featuring a mix of open fields and wooded areas, provides an ideal habitat for a variety of game species. Whether you're an avid deer hunter, bird enthusiast or enjoy tracking small game, this property offers ample opportunities for outdoor pursuits. In addition to the agricultural and hunting potential, this property also boasts exciting building opportunities. With ample acreage available, you have the freedom to design and construct your ideal home or retreat.
Details:
23.45+/- income-producing tillable acres
Possible build sites
Small creek
Natural travel corridor for deer with excellent deer sign
Not subject to quarry activities
Tract 2 Description 10 +/- acres :
A prime build site offering the perfect balance of privacy, natural beauty, and versatility. This exceptional property boasts a serene location, with trees on both sides creating a sense of seclusion, open tillable acres, and a 1 acre pond
Situated on this property is an excellent build site that has been thoughtfully positioned to offer maximum privacy and tranquility. Towering trees on both sides of the site create a natural barrier, shielding your future home from prying eyes and ensuring a serene living environment. Enjoy the peace and quiet provided by this secluded haven, where you can create your own personal oasis.
In addition to privacy, the surrounding trees add a touch of natural beauty and enhance the overall aesthetics of the property. The build site also features open tillable acres, providing space for various uses and opportunities. Whether you envision starting your own hobby farm, establishing a vibrant garden, food plots and warm season grasses to enhance your hunting experiences or simply enjoying the open space, these tillable acres offer endless possibilities.
Details:
1 hr east of Metro East STL, 15 minutes southeast of Vandalia
Build site
Pond
Well-maintained open acres
Some tillable acres
Not subject to quarry activities
Tract 3 Description 140 +/- acres
Located across this property, you will find a variety of investment opportunities. This tract has approximately 30 remaining income-producing tillable acres. In addition, with an estimated income potential of $100,000 to $125,000, this quarry presents a profitable opportunity for those interested in the mining industry. The remaining resources hold substantial value and offer a solid return on investment. Furthermore, the current owner has received an offer to install wind turbines on the property, adding another significant source of income if so desired. This offer can be reviewed on request. Multiple ponds dot the landscape, providing a serene and tranquil setting for fishing and outdoor enthusiasts. These ponds will finish filling up once mining has been completed, as the quarry continues to keep the water table pumped down for operations. Once the mining is complete on this tract, there is an agreement in place with Brush Creek and IDNR that ensures it will be reclaimed and placed back to its natural state as much as possible, allowing vegetation and trees to once again fill the landscape, in my opinion enhancing the value of the property even more. The vast acreage currently lends itself to a multitude of recreational activities. Adventurers can explore the property, perfect for hiking, camping, hunting or embarking on thrilling ATV or bike rides, offering endless opportunities for discovery and appreciation.
Details:
Great Build site
Older pole building
Several ponds
Internal road system
Thick cover to hold deer and other upland game
Income producing quarry
Approximately 30 acres of tillable
Potential wind turbine income
Quarry income
Property Features:
- Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
- Onsite bidders should bring a government-issued ID
- 10% down payment immediately after auction - cash, personal, or business checks accepted
- If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
- High bidder has 30 days to close unless otherwise noted
- Announcements on auction day will take precedence over any prior announcements
- This is a no contingency sale and is not subject to financing or additional inspections
- Possession at closing, subject to tenant’s rights, if any
- If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
- All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments
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