Description
Ignore list price. Sells at auction. Cates Auction is pleased to present for auction a rare 97.49 acre land opportunity ideally located in one of the fastest-growing industrial corridors in the Midwest. Situated just 5 miles from the BNSF Intermodal and LPKC Industrial Developmenthome to 15.5 million square feet of Class A warehouse spacethis parcel offers exceptional access to Hwy 56 and I-35, with traffic counts of 4,169 VPD and 118,000 VPD respectively. The property features a mix of level and sloped terrain with wooded areas, over 3,100 feet of highway frontage, and is zoned agriculture (AG), providing low carrying costs and to plan for future development. Utilities, including water and power, are available at the site. Its proximity to the DeSoto Panasonic Battery Factory and other major job centers underscores the urgent need for new housing and infrastructure in the area. With an appraised value of $4.5 million in 2019, this property includes immediate income potential through the current oil lease and agricultural production, plus the option to execute a buyout agreement with the oil lease operator, offering a once-in-a-lifetime opportunity to own the land free and clear. Bidding ends on July 1st at 1 pm.
-
0BEDS
-
97.49ACRES
-
0BATHS
-
01/2 BATHS
Description
Ignore list price. Sells at auction. Cates Auction is pleased to present for auction a rare 97.49 acre land opportunity ideally located in one of the fastest-growing industrial corridors in the Midwest. Situated just 5 miles from the BNSF Intermodal and LPKC Industrial Developmenthome to 15.5 million square feet of Class A warehouse spacethis parcel offers exceptional access to Hwy 56 and I-35, with traffic counts of 4,169 VPD and 118,000 VPD respectively. The property features a mix of level and sloped terrain with wooded areas, over 3,100 feet of highway frontage, and is zoned agriculture (AG), providing low carrying costs and to plan for future development. Utilities, including water and power, are available at the site. Its proximity to the DeSoto Panasonic Battery Factory and other major job centers underscores the urgent need for new housing and infrastructure in the area. With an appraised value of $4.5 million in 2019, this property includes immediate income potential through the current oil lease and agricultural production, plus the option to execute a buyout agreement with the oil lease operator, offering a once-in-a-lifetime opportunity to own the land free and clear. Bidding ends on July 1st at 1 pm.
Heartland MLS Terms of Use
The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2025, Heartland Multiple Listing Service, Inc. Heartland MLS and Ron Henderson & Associates | Keller Williams Northland Partners do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2025-07-13T23:45:08.307.
Based on information submitted to the MLS GRID as of 2025-07-13T23:45:08.307 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.