Thursday, June 29 10:00 am
2335 East State Road 32
Hillsboro, IN 47949


Wednesday, June 7: 10 am to 2 pm
Wednesday, June 28: 10 am to 5 pm
Other times by Appointment.



5 Grain Storage / Elevator Facilities in Indiana Selling Separately

Great Opportunity to Purchase Five Established Elevators with a Base of over 1650 Customers!
$3 Million Plus in Recent Upgrades
Strategically Located Between Two Ethanol Plants!

Property 1: Scotts Prairie
1,491,912± Bu. Capacity on 13.69± Acres

PARCEL NUMBER: 23-16-01-204-001.000-005

TAXES: $14,541.08

ZONING: 390-Industrial Grain Elevator

UTILITIES: Electric • LP Gas • Private Well & Septic

FRONTAGE: 390 Ft. State Road 32

4,480 Sq. Ft. Office/Retail/Scale/Warehouse/Mill/Dump Pit Building
14,400 Sq. Ft. Quonset-Style Corrugated Steel Warehouse/150,000 Bu. Grain
Storage Building (68 Ft. Wide x 200 Ft. Long)

5-Grain Legs with Distribution Pipes
Drag Conveyors/Augers
Kan-Sun Grain Dryer
2-GSI-24 ft. diameter x 41.60 high 16-Ring Bins, 16,859 Bu. Each
1-GSI-24 ft. diameter x 23 ft. high 9-Ring, 9,566 Bu. Bin
1-GSI-30 ft. diameter x 28.20 high 11-Ring 18,580 Bu. Bin
1-GSI-37 ft. diameter x 18.30 ft. high 11-Ring 19,490 Bu. Bin
2-GSI-30 ft. diameter x 38.80 ft. high 9-Ring Bins, 25,145 Bu. Each

NEW GRAIN STORAGE/EQUIP: $3 Million Dollar Upgrade Includes:
2014-360 Sq. ft. Unloading/Loading/Control Building with: Grain Handling Control Panels/ Digital Readouts
1-2013-BROCK-90 ft. diameter x 106 ft. high 39-Ring, 630,595 Bu. Bin with Temp. Cables/Fan Control
1-2014-SUPERIOR-90 ft. diameter x 88 ft. high 24-Ring, 525,402 Bu. Bin with Temp. Cables/Fan Control
1-2014-BROCK-27 ft. diameter x 104 ft. high 39-Ring 52,740 Bu. Wet Bin
1-2013-CREAMER HD 4500 125 ft. 12,000 Bu./Hr. Grain Leg
2-SUPERIOR-21 ft. diameter x 22 ft. high 6-Ring Overhead Bins, 7,820 Bu. Each, with Conical Bottom Mounted on Steel I-Beam Framework

Leased Equipment
The Following Equipment is Leased from First Farmers Bank & Trust and is Excluded from the Real Estate:
2014-RICE LAKE-Survivor 70 ft. x 12 ft. Transportable Truck Scale, 18.75" profile, 200,000 lb capacity, Steel Deck, model 7012, s/n 5P1Z, 720i Indicator, Ticket Press Printer, Remote Display
2014-INTEGRISTemperature & Moisture Grain Monitoring System, Located in the 630,595 Bu. & 525,402 Bu. Bins
2014-NECO-D24380 24 Tier Mixflo 5,000/Bu./Hr. Grain Dryer with CommandNet Remote Web/Phone Control; Less than 150 Hours of Use
2014-BROCK-27 ft. diameter x 104 ft. high 39-Ring 52,740 Bu. Wet Bin
2014-CREAMER-HD 4500 95’ Grain Leg
2014-CREAMER-HD 4500 145’ Grain Leg
2014-UNION IRON- Truck Probe with all Related Equipment and Accessories

Any potential bidder for the assets who is interested in assuming the Equipment Leases or otherwise making arrangements to acquire the Leased Equipment is advised to contact auction company for further details.
Bidders at the sale are advised that they have the option to have the Debtor assume the Equipment Leases and assign the assumed leases to the bidder. Any assumption and assignment of the Equipment Leases must be approved by the US Bankruptcy Court. All bidders who desire to assume the Equipment Leases shall demonstrate adequate assurance of their ability to provide future performance of the Equipment Leases. The Equipment Lease terms may only be modified with the agreement and consent of First Farmers Bank & Trust. At the commencement of the auction each bidder must sign a declaration indicating if they intend to assume any of the Equipment Leases.
A copy of the 3 Equipment Leases and a schedule of the amounts required to be paid to cure defaults under the Equipment Leases and the remaining payments on the Equipment Leases is included in the sale information materials that may be obtained from the auctioneer.

Auction will be held at Hampton Inn & Suites, 2895 Gandhi DR, Crawfordsville, IN 47933
Also Selling June 29:
Ladoga Elevator: 10543 S 875 E, Ladoga
New Winchester Elevator: 6980 W US Hwy 36, Danville
Kingman Elevator: 188 W State Rd 234, Kingman
New Market Elevator: 108 N Second St, New Market

Broker Participation

Broker Participation is welcome but not required. A 1% commission will be paid to the licensed broker who, prior to their client applying for onsite/online bidding privileges, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, a family member, or on behalf of any business entity in which he/she hold an interest, is not entitled to a commission.

Payment Information

6% Buyer’s Premium. Successful bidders will deposit 20% of the purchase price in escrow within 24 hours of the sale. The Deposit money of a Successful Bidder shall become Earnest Money, will be applied to the Purchase Price at Closing, and is non-refundable. Attorney Jeff Hester, Hester Baker Krebs LLC is overseeing the closing. Stewart Title is the escrow agent.

Full Terms


In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.

This auction is related to United States Bankruptcy Court, Southern District of Indiana, Terre Haute Division, Case No. 17-80004-JJG-11.

The equipment noted in the brochure for Properties 1 & 3 is selling independently of the real estate. Please review the specific terms for those lots.