General Information

The auction team was in Wabash county tonight offering an outstanding property. A capacity crowd was on hand to compete for the opportunity to purchase all or part of this wonderful property. With a multitude of interested bidders the bidding was extremely active with several various individual and combinations of tracts being pursued. After many increases in the bids the final price and selling combinations where determined. The final bids where tract 1 750,000 or 9,006 per acre, tracts 2&3 $2,250,000 or 9,872 per acre, tract 4 $345,000 or $8,525 per acre, tract 5 $240,000 or $6,000 per acre, tracts 6&7 $1,190,000 or 7,778 per acre, tracts 8&9 $330,000 and tract 10 $600,000. Congratulations to all the successful bidders and thanks to everyone who attended the auction.
-Total Acres: 565.16
-Paw Paw Township - Wabash County, IN
-Noble Township - Wabash County, IN
-Liberty Township - Wabash County, IN
-Type of Sale: Auction
-Excellent Quality Farmland, Modern Grain Operation, Fertilizer & Equipment Storage, Rural Residence
-Status: Closed
-Closing Date: Feb 23, 2018
-Sold For: $5,762,050.00
-HLS#: AJJ-12045
Contact Information

Area Manager:
Peru, IN
Area Manager:
North Manchester, IN
Area Manager:
Peru, IN
Area Manager:
North Manchester, IN
Open Houses

Date: October 30, 2017 Time: 4:00 PM - 6:00 PM
Date: November 02, 2017 Time: 4:00 PM - 6:00 PM

Date: August 17, 2017 Time: 5:00 PM - 7:00 PM

Property Information

Type Of Operation: Farm - Recreational

Current Zoning: Agricultural

School System: Metropolitan School District of Wabash County

Building Description: Tract 8 - Dwelling - The dwelling is a 2 story frame home with vinyl siding, asphalt shingle roof, three bedrooms, and two bathrooms. The Equipment Storage barn is 120' X 120' with pole construction, metal roofing, metal siding on the north and south and open to the east and west. There are 5 additional small storage buildings. Grain Bins - There is a 60,000 bushel grain bin constructed in 2007, a 5,000 bushel bin, and a 10,000 bushel bin. Tract 9 - Hoop Barn 60' X 100' hoop barn with concrete floor. Tract 10 Buildings - Fertilizer Storage Building - The Fertilizer Storage building is 80' X 80' with a 24' X 60' lean to on the east side. The building has a concrete floor, two overhead doors on the north, and one overhead door on the east. Shop - The shop is 50' X 75' with metal siding, metal roof, concrete floor, and insulated. There are three other additional storage buildings. Grain System - The grain system consists of a 40,000 bushel bin, 36,000 bushel bin, 125,000 bushel bin, 75,000 bushel bin, and a 23,000 bushel hopper bottom wet holding tank. The grain system has a Brock ME2650S dryer, dump, a 7,000 bushel per hour leg, and a 10,000 bushel per hour leg. There are two 12,000 gallon L.P. Tanks.

Annual Taxes: $19,028.28

Ditch Assessment: $873.72

Topography: Level

Soil: Crosby silt loam, Cyclone silt loam, Fincastle silt loam,

Farm Name: Schuler & Pro Ag LLC Receivership

Property Location

Property Address: Tract 8: 7509 W 550 N, Roann, IN 46974
Region: IN

General Location: Tracts 1-4: 6 miles Southeast of Wabash, Tract 5: 3 miles South of Wabash, Tract 6-7: 4 miles East of Roann, Tracts 8, 9, 10: 1.5 miles South Southwest of Roann

Acreage Information

Tillable Acres: 524.11

Wooded Acres: 10.51

Home Acres: 4.70