MIAMI COUNTY, INDIANA LAND AUCTION - BELL

Miami County, Indiana

The Bell farm is located ½ mile east of State Road 19 on County Road 400 N. Physical address of the home is 2546 East 400, North Peru, Indiana. The farm is further described as being in Section 36, T28N-R4E, Richland Township and Section 1, T27N-R4E, Peru Township, Miami County, Indiana. There is an additional 0.66 acres located just across the road on the south side of 400 N that is included with Tract 2.

Friday, June 5th • 12:00 PM - 7:00 PM

Physical Address: 2546 East 400, North Peru, Indiana

50.66 acres± (subject to survey) • 2 tracts

This farm offers an interesting mixture of pasture, tillable row crop ground, a large pond, some scattered wooded areas and a nice country home. If you are looking to add to your farming/cattle operation, looking for a prime hunting property, or country living; make sure and give this one a look!

Tract 2 Highlight: Directly across the road on the south side of 400 N is a 0.66-acre lot which was the location of an electric train charging station from back in the 1930’s. Known as “Interurbans”, these systems were a high-speed electric train service that connected rural communities to Indianapolis and Fort Wayne. This line was run by Indiana Railroad. The service was discontinued in September 1930 because of the rising popularity of gas-powered engines. This building was a stopping point along that line for the batteries of the Interurbans to be charged. There is an additional small “shack” where the caretaker and operator of the station lived. With some creative entrepreneurial spirit, there could be an opportunity for a business related to this historical location.

Tract 1- 48 +/- acres (subject to survey)

• FSA records indicate approximately 13 tillable acres currently in row crops
• NCCPI Rating: 75
• Soil types include Pewano, Morley, Washtenaw, Glynwood and Blount
• Remainder of the farm represents pasture and scattered wooded areas
• Several acres included in 3 fenced pastures for grazing rotation
• Improved with a large 5-acre pond in the center of the property
• Access is off CR East 400 North

Tract 2 – Home - 2.66 +/- acres (subject to survey)

• 2,288 square foot farmhouse, built in 1910
• 3-bedroom, 1 full bathroom, 1 half bath
• Central air, well and septic
• 3-car detached garage (864 sq. ft.) built in 2000
• Quiet and peaceful country setting
• Includes 0.66-acre lot across the road on the south side of 400 N which housed a historic “Interurban” electric train charging station
• Physical Address: 2546 East 400, North Peru, Indiana
• North Miami Consolidated School District
• Access is off CR East 400 North

The Bell farm will be sold in (2) individual tracts. Tract 1 will be sold first on a price per acre basis based on surveyed acres. Tract 2 will be sold next for a lump sum total dollar amount. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing in approximately 30 days on or before July 16, 2026.

Seller will provide title insurance in the full amount of the purchase price. The 2025 real estate taxes have been paid by the seller. The 2026 real estate taxes will be prorated. Full possession will be given at the time of closing.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold “AS IS”.