Tract 4 of 10

Tract 4 of 10

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Description

Tract 4 Description:  10.5± acres

Featuring approximately 1,000± feet of frontage on M-50 (Monroe Road) and 150± feet of frontage on Onsted Highway, this tract offers a high-visibility corner location with strong exposure along a well-traveled corridor. The property may present future building opportunities, subject to zoning regulations, soil suitability, and local approvals.

Improvements include a 30x40 machine shed and a roadside billboard located along M-50. Available information indicates the advertising permit for the billboard is held by the local Chamber of Commerce. However, no recorded lease, easement, or written agreement for the sign structure has been located. Ownership of the sign structure and any associated rights has not been verified. The billboard is not represented as owned by the seller and may or may not convey with the property. Buyers are responsible for conducting their own investigation regarding any permits, easements, lease rights, removal obligations, or other matters related to the billboard.

Approximately 8± acres of productive, well-drained soils are currently in a corn and soybean rotation, making this an attractive small agricultural, investment, or future development parcel with excellent road frontage and accessibility.

 

Terms of Sale

BUYERS PREMIUM:        5%

TAXES:                               Prorated to date of close

TENANCY:                         Open tenancy for 2026

RENTS:                               Buyer will receive 2026 rents with open tenancy

MINERALS:                        Seller-owned rights will convey

CLOSING COSTS:            Seller shall pay for all Title search, commitment and insurance premiums. Other standard closing costs are split 50/50 with the seller.

CLOSING DATE:               On or before 30 days from seller acceptance

DOWN PAYMENT:           10%

POSSESSION DATE:       At closing

SURVEY:                            No survey needed

SALE ORDER:                   By the acre

SALE METHOD:                Sells subject to seller acceptance

 

Licensing

IN COOPERATION WITH WHITETAIL PROPERTIES REAL ESTATE LLC (6505388676)

Ronald Strong, Michigan Broker, License # 6505388676

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

Shawn Kelley, Michigan Land Specialist for Whitetail Properties Real Estate, LLC, 517.212.1973

 

Documents

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Other Tracts in This Auction