LAND AUCTION - 109.5+/- ACRES OFFERED IN 8 TRACTS IN ALLEN COUNTY, INDIANA
7000 Block of Leesburg Rd, Ft Wayne, IN 46818
On Leesburg Rd, just West of Flaugh Rd and East of O'day Rd.
Mon, Nov 24, 6:00 PM EASTERN
Productive tillable land * Wooded & Recreational land with an abundance of Wildlife & Hunting potential * Excellent potential Building Sites * Excellent Road frontage & Access along Leesburg Rd
Jared Sipe
Phone: 260-750-1553
Email: [javascript protected email address]
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LAND AUCTION - 109.5+/- ACRES OFFERED IN 8 TRACTS IN ALLEN COUNTY, INDIANA
7000 Block of Leesburg Rd, Ft Wayne, IN 46818 - Allen County, Indiana
Owner: Mark Eastman, Pamela Rusher & Kari Harris
Mon, Nov 24, 6:00 PM EASTERN
• PRODUCTIVE TILLABLE LAND • WOODED AND RECREATIONAL LAND WITH AN ABUNDANCE OF WILDLIFE & HUNTING POTENTIAL • EXCELLENT POTENTIAL BUILDING SITES • EXCELLENT ROAD FRONTAGE & ACCESS ALONG LEESBURG RD • PUBLIC UTILITIES NEARBY
Please note Tracts 5 and 8 have less than 120' of road frontage required by Allen County for a building site. If these tracts sell separately, an ingress/easement shall be created to make them potential building site eligible per the Allen County Planning Commission. No soil testing has been done on any of the tracts. No guarantees are made by the seller or auction company that any tract is eligible for building permits or qualifies for any specific use or purpose. It is up to each potential bidder to conduct his or her own due diligence, inquiries, and investigations. Public utilities are nearby along Flaugh Rd, just East of the property.
OPEN HOUSE/INSPECTION DATES
Sunday November 9, 2025 from 2-4pm
Meet a Schrader Representative on Tract 4. Please contact auction manager Jared Sipe 260-750-1553 before any walk-over inspections if you cannot attend the preview date.
PROPERTY LOCATION
7000 Block of Leesburg Rd, Ft Wayne, IN 46818
On Leesburg Rd, just West of Flaugh Rd and East of O'day Rd.
AUCTION LOCATION
St Patrick's Catholic Church of Arcola
12305 Arcola Rd, Ft Wayne, IN 46818
PROPERTY DESCRIPTION
This property offers endless possibilities! Potential for crop production with farming rights for 2026, recreational use, and potential building sites. Regardless of your wants or needs, this property has it all, be sure to attend this auction!
TRACT DESCRIPTIONS
Tract 1: 6.5± ac of mostly tillable land with excellent building site potential. This tract features Blount loam, Blount silt loam, and Glynwood silt loam soils. Road frontage and access along Leesburg Rd.
Tract 2: 6.5± ac of mostly tillable land with excellent building site potential. This tract features Blount loam and Glynwood silt loam soils. Road frontage and access along Leesburg Rd.
Tract 3: 5± ac of mostly tillable land with excellent building site potential. This tract features Blount loam, Glynwood silt loam, and Pewamo silty clay soils. Road frontage and access along Leesburg Rd. The Kruse 10" private drain runs along the North side of this tract.
Tract 4: 26± ac of mostly tillable land. This tract features Blount loam, Blount silt loam, Glynwood silt loam, and Pewamo silty clay soils. Road frontage and access along Leesburg Rd.
Tract 5: 31± ac of heavily wooded recreational land with potential timber value. This tract has a 25' owned access off Leesburg Rd. If this tract sells separately, an ingress/egress easement shall be created to make it potential building site eligible per the Allen County Plan Commission. Combine with Tract 6 to own 41.5+/- acres of woods.
Tract 6: 10.5± ac Swing Tract. This tract must be purchased by an adjacent land owner or in combination with another auction tract with access off Leesburg Rd. This tract is heavily wooded with recreational use and has potential timber value. Combine with Tract 5 to have 41.5+/- acres of wooded land or with Tract 7 for a 28+/- acre executive potential building site.
Tract 7: 17.5± ac of mostly tillable land with excellent building site potential. This tract features Blount loam, Blount silt loam, Glynwood silt loam, and Glynwood clay loam soils. Road frontage and access along Leesburg Rd.
Tract 8: 6.5± ac of mostly tillable land with excellent building site potential. This tract features Blount loam, Blount silt loam, Glynwood silt loam, Glynwood clay loam, and Pewamo silty clay soils. Owned access along Leesburg Rd. If this tract sells separately, an ingress/egress easement shall be created to make it potential building site eligible per the Allen County Planning Commission.
Terms & Conditions:
PROCEDURE: This property will be offered at oral auction in 8 individual tracts, any combination of tracts, and the entirety. There will be open bidding on individual tracts and the combination of tracts during the auction, until the close of the auction as determined by the auctioneer.
DOWN PAYMENT: A 10% down payment is due the day of auction for individual tracts or combination of tracts. The down payment will be made the day of auction, immediately following the auction, with the balance in cash at closing. The down payment may be made in the form of a cashier's check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the seller's rejection or acceptance.
EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price through Metropolitan Title Company.
DEED: Seller shall provide a Warranty Deed.
CLOSING: The balance of the purchase price is due at closing. A targeted closing date will be approximately 30 days after the auction, or as soon thereafter as applicable closing documents are completed by the seller. Costs for an administered closing shall be shared 50:50 between buyer and seller. Any costs associated with securing a mortgage shall be paid by the buyer.
POSSESSION: Possession shall be the day of closing, with farming rights for the 2026 crop season. All income from the 2025 crop shall be retained by the seller. The 2025 crop has been harvested.
REAL ESTATE TAXES: The 2024 taxes payable in 2025 shall be paid by the seller. The 2025 payable in 2026 taxes shall be prorated to the day of closing based on the most current amount available, with the seller crediting the buyer at closing. Buyer is responsible for all taxes thereafter.
PROPERTY INSPECTION: Please contact the auction manager to arrange walk over inspections. Further, Seller disclaims any and all responsibility for bidder's safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: A new boundary survey is being completed by Sauer Land Surveying. If the property sells in a manner that creates new boundary lines, further survey work shall be completed after the auction. If any auction tracts are purchased in combination, the buyer shall receive a boundary survey of those auction tracts purchased in combination and not a survey of individual auction tracts purchased at the auction. Seller and successful bidders shall each pay half (50:50) of the cost of the current boundary survey and any post auction survey work. If there is more than one buyer, half of the cost of the pre and post auction survey work shall be proportioned between the buyers based on the amount of acreage purchased and difficulty to survey based on the surveyor's opinions and recommendations. The type of survey performed shall be at the seller's option and sufficient for providing title insurance. Final sales price shall be adjusted to reflect any difference between advertised acres and surveyed acres.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company, including if any or all the auction tracts qualify for any specific use or purpose, issuance of any type of permits (including driveway, septic, and building permits), and location of utilities. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The seller and selling agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
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