Iola, KS 66749(Allen County)

PROPERTY DESCRIPTION: 237.6 acres of Allen County, Kansas land near Iola. This great property consists of 18 acres currently planted to Wheat, 60 acres of Alfalfa, and 26 acres of tillable ready to be planted to row crop in the spring. The balance of the property is pasture, heavy timber, excellent wildlife habitat, a silo, and 3/4 mile of Elm Creek. The 3/4 mile of Elm Creek that meanders through the property has a rock and gravel bottom, clear water, and many varieties of fish. There are many steep rock formations and large elevation changes all along the creek providing excellent character and scenic views. Heavy timber along Elm Creek and throughout the property offer excellent habitat for Kansas Whitetail Deer, Turkey, and Quail. There is currently a gas well located on the property. The mineral rights and royalty will transfer to the buyer at closing. The Allen County Airport is just South of Iola, adding to the excellent accessibility of this property. Invest in a great combination of agriculture, recreation, and income!

LEGAL DESCRIPTION: 237.6 acres in Section 1, Township 25 South, Range 18 East of the 6th P.M., Allen County, Kansas. Exact legal available upon request.

2014 REAL ESTATE TAXES: $1084.82

LAND LOCATION: From HWY 169 and 54, east 1/2 mile to 1800 St, south to property.

TERMS: Earnest money is $25,000 and due at the conclusion of the Auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before January 18, 2016. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way. This property is not selling subject to financing or inspections. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed prior to bidding. All pertinent information is available upon request. All announcements made the day of the auction take precedence over any other announcements or printed material.

Property of Iola Industries, Inc.