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602+/- Acre Live + Online Auction
100 Country Club Dr, Lebanon, IN
Start Date: 03/31/2026, 10:00 AM
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602+/- Acre Class A Farm Auction in Prime Location

This offering presents investment-grade Class A farmland with outstanding soil productivity, extensive tile infrastructure, and flexible bidding options. Located along major transportation routes near a nationally significant growth corridor, the property offers both agricultural strength and long-term upside. A rare chance to acquire high-quality farmland positioned for performance and future demand.

Highlights

Investment-grade Class A farmland with excellent soil productivity and strong Whole Farm Surety ratings
Extensive pattern tile with major mains and outlets supporting long-term yield performance
Strategic frontage and proximity to major highways within a rapidly expanding growth corridor
Flexible Buyer’s Choice auction format offering single tracts, combinations, or whole-farm purchase

Description

Premier Class A farmland offering featuring 602± total acres, including 595.57 FSA cropland acres, a strong Whole Farm Surety WAPI of 172.6, extensive pattern tile, and a strategic location within the US 52, SR 28, I-65, and LEAP growth corridor.

LOCATION. LOCATION. LOCATION.
US 52 • SR 28 • I-65 • LEAP

People say it for a reason location drives value. This 602-acre offering sits directly on US 52, just minutes from SR 28 and I-65, and squarely within the orbit of Indiana’s LEAP corridor. This is prime farmland positioned in a premier growth lane.

The property is offered in seven tracts and represents investment-grade farmland being publicly offered for the first time in generations. Buyers may bid by individual tracts, combinations, or as a whole at public auction on March 31, 2026.

A live, in-person farm auction will be held Tuesday, March 31, 2026, at Ulen Country Club (100 Country Club Drive, Lebanon, IN 46052), with bidding beginning at 10:00 AM (EST). The auction will be conducted in a Buyer’s Choice format and simulcast with online and phone bidding for qualified bidders unable to attend in person. Advance registration is required please see the bidder packet or property brochure for full details.

The offering includes 602 total acres across seven tracts, with 595.57 FSA cropland acres and a Whole Farm Surety WAPI of 172.6. The farms span Tippecanoe, Clinton, and Montgomery Counties in west-central Indiana near the LEAP District, creating a compelling blend of agricultural performance and long-term positioning.

This is a rare opportunity to acquire high-quality farmland with flexibility for farmers, operators, and investors alike. Some farms come to market quietly this one makes a statement.

 

LOCATION, LOCATION, LOCATION. There’s a reason the phrase endures—location drives value. This 602-acre offering sits along US 52, just minutes from SR 28 and I-65, and squarely within the orbit of Indiana’s LEAP corridor. It represents prime farmland positioned in a premier growth lane.

Highlights:
• 602 total acres offered in 7 tracts, with the ability to bid on individual tracts, combinations, or the entire farm
• 595.57 FSA cropland acres
• Whole-farm Surety WAPI of 172.6
• Extensive pattern tile with major mains and outlets
• Strategic corridor location near US 52, SR 28, I-65, and the LEAP District
• Infrastructure on Tract 4 includes grain storage and a shop, offered separately with total dollar bidding and auctioned last

Auction Format: Buyer’s Choice with live, online, and phone bidding (advance registration required)
Auction Date/Time: March 31, 2026 | 10:00 AM EST
Auction Location: Ulen Country Club, Lebanon, Indiana

Auctioneers:
Johnny Klemme, License #AU12000053
Brock Garrelts, License #AU11200084

Sellers:
W and M Waddell Family Farm, LLC;
A and S Waddell Family Farms, LLC;
Mary Lou Grover;
Martha Delores Miller

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From elevation to risk assessment

Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.

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Directions

From Lebanon to Tract 4: Head west (northwest) on US-52. In roughly 15 miles, turn right (east) onto CR 300 S. Shop will be on the left (north) side of the road in .3 miles. From Frankfort to Tract 4: Head west on IN-28. Turn left (south) onto CR 930 W. In 1.2 miles, turn right (west) onto CR 300 S. Shop will be on the right (north) side of the road in .2 miles. From Lafayette to Tract 4: Head east (southeast) on US-52. In roughly 13 miles, turn left (east) on CR 300 S. Shop will be on the left (north) side of the road in .3 miles.

Environmental Factors

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Source:First Street
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Geswein Farm & Land | Auctions | Real Estate | Farm Management | Appraisals

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(765) 427-1619
Lafayette, IN
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About Johnny Klemme

Award-Winning Advisor, Auctioneer, & Broker for Farmland Assets & Trusts. Author of "American Family Farmland" - I help my clients with wealth building strategies that maximize economic & environmental outcomes.- Specialized consulting for those who have inherited farmland & strategies that add value -- 20+ Years of Professional Experience - High Value Land Assets - Strategic Marketing/Positioning/Sales- Backed by a Full Team of Professionals- Hundreds of Millions in Farm & Land Sales

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Geswein Farm & Land | Auctions | Real Estate | Farm Management | Appraisals
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Geswein Farm & Land | Auctions | Real Estate | Farm Management | Appraisals, (765) 427-1619
Source: MLS# JK25601AU
Listing last updated: February 9, 2026 at 7:15 AM
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