E State Road 8, Kouts, IN 46347 - Porter County

AUCTION Virtual Online at Ranchandfarmauctions.com

Auction Date: 12/18/2023 Auction Time: 1:00 PM

Entire Farm Description:

This will be a Virtual online auction. Pre-bidding is open up to noon on 12/18. At 1:00 PM, a live auctioneer will then call the auction through the online bidding platform. This will be a live auction but online or phone-in bidding only.

Former income-producing farm ground now ready for new home site or future development. This small parcel in a convenient and desirable location could also be a good real estate investment. The owners have had a recent survey, approved septic test and subdivision approval, so it is ready for building your new home once you get your plans together and your building permits approved. It is a rectangular-shaped lot of just under 15 acres and has previously been planted in rotation crops and winter wheat on it. Since it has approximately mile of frontage on State Road 8, it has great access and visibility and might be suitable for a commercial development or a home-based business. The property is situated just a few minutes from the towns of Lacrosse and Kouts, IN, and a mile east of State Road 49. For commuting or shopping, it will be a 15 to 20-mile drive to major roadways I-65 and US Rt 30, and larger, developed town of Crown Point and Valparaiso, Indiana. Many land buyers and home builders have sought out properties in quaint farming towns like this one for their future homesites. You get the privacy, seclusion and benefits that rural towns and county living offer but the convenience and amenities you can utilize in just a short drive and easy road access.

Details:

Tract #: 14.53+/- acresDeeded Acres: 14.53+/- acresFSA Farmland Acres: 13.61+/- acresSoil Types: Hanna sandy loam, Gilford sandy loam & Bourbon sandy loamSoil PI/NCCPI/CSR2: 72.4 NCCPI , Average WAPI 120.23Lease Status: Open Tenancy for 2024 crop yearPossession: Immediate possession as there are no crops plantedSurvey needed?: Copy of recent survey will be providedBrief Legal: C & B ADMINISTRATIVE SUB LOT 1 14.53APIDs: Parcel: 64-16-15-102-001.000-013Lat/Lon: 41.3163, -86.9846Zip Code:46347

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

- Income producing tillable farm ground with income but approved and ready for development or building.

- A convenient location with good highway frontage to build a new home or pole barn or perhaps a commercial building.

- Conveniently located on Route 8 and approximately 1 mile east of SR 49 and the town of Kouts and Lacrosse, IN. 15 miles east of I-65 for an easy commute to Chicago/Illinois suburbs

- 15 miles east of I-65 for an easy commute to Chicago/Illinois suburbs

- Property approved for a septic system with electric, internet service and other utilities are in the immediate area for future building or development.

- Economic growth and development in the area may prove this property to be a good real estate investment in the future.