Sullivan Auctioneers, LLC - Hamilton, IL 62341-0111

Auction to be conducted as a live, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161.

LOCATION

Scotland County, Missouri

The Lancaster farm is located approx. 8 miles northwest of Memphis, MO along State Route C and County Rd 861. Both tracts are 2.5 miles west of State Hwy 15. Land is further described as being in Sections 2 & 11, T66N-R12W, Union Township, Scotland County, Missouri.

GENERAL INFORMATION

245 acres± (subject to survey) • 2 tracts

The Lancaster farm represents highly productive tillable farmland in northern Missouri. Additionally, it would offer hunting and potential building locations. Both tracts sell free and clear for the 2027 crop year.

TRACT INFORMATION

Tract 1 - 178 acres± (subject to survey)

FSA records should indicate approximately 149.42 cropland acres
Soil types include Arbela, Armstrong, Fatima, Colo, Wabash, Gara & Blackoar
NCCPI Rating: 80.7
Land represents highly productive tillable cropland with the remainder in waterways and timbered ditches
Hunting opportunities
Potential building sites
Access from the north along County Rd 861

Tract 2 - 67 acres± (subject to survey)

FSA records should indicate 50.36 cropland acres
Soil types include Arbela, Fatima & Lindley
NCCPI Rating: 85.1
Land represents highly productive tillable cropland with the remainder in waterways and timber.
Hunting opportunities
Potential building sites along hard surface road
Access from the south along State Route C

METHOD & TERMS

The Lancaster farm will be sold on a price per acre basis, based on surveyed acres. All tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer 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, payable to Scotland County Abstract, which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before December 23rd, 2026, at Scotland County Abstract.

The seller will provide title insurance in the full amount of the purchase price. Seller will pay the 2026 real estate taxes. Farm will sell free and clear for the 2027 crop year, no current leases in place. Buyer will have immediate possession upon closing, subject to removal of crops by the current tenant.

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”.

SELLER V.M. Lancaster Revocable Living Trust

MANAGED BY Louie Zinn (319) 795-2314