Property Address
0000 CR 426 Hannibal, Missouri, 63401
Property Status: For Sale
Price |
Auction |
|---|---|
Acreage |
46.62 M/L |
County |
Marion |
State |
Missouri |
Date: August 4, 2025 1:00 pm
Location:
Palmyra American Legion
600 Short St.
Palmyra, MO
63461
US
Property Description
A great opportunity has come to Marion County, and Elite Land & Auction is proud to present 46.62 ± acres just off Highway 36, available at public auction. This turnkey tillable farm will be offered in two tracts.
Tract 1 lies along Highway 36 with blacktop access from County Road 426. It includes approximately 40 acres of productive soils. The NCCPI rating is an impressive 71.1, featuring Mexico silt loam and Leonard silt loam that gently slope toward a central waterway. The property is equipped with functioning tile drainage and established terraces, making it ready for immediate use.
Tract 2 consists of approximately 6 ± acres with multiple possibilities. It offers a peaceful setting just off County Road 426 and includes direct visibility from Highway 36. This parcel would make an excellent homesite, a location for income-producing structures, or could be developed into hay or pasture ground. With its convenient access, flexibility, and potential, Tract 2 is a solid investment for buyers looking to build or diversify.
This is a rare chance to purchase highly productive farmland with excellent infrastructure and easy access to a major highway. Whether you’re expanding your row crop operation or looking to expand your real estate portfolio, this Marion County property checks all the boxes.
Contact Tanner O’Brien for full auction terms and to schedule a viewing.
Property Highlights
Productive Tillable Acreage
Surveyed Acres Tract 1 – 40.39 m/l
Surveyed Acres Tract 2 – 6.23 m/l
Interstate Frontage
Quiet Blacktop Access
Farming Infrastructure
Diverse Income Opportunity
Secluded Build Site
Close to Hannibal and Palmyra
Turnkey Row Crop Farm
Utilities Available
Auction Terms
AUCTION FORMAT
The property will be sold on a per-acre basis according to surveyed acreage. Tracts 1 and 2 will be offered via “Buyer’s Choice” format, permitting the highest bidder to select any individual tract or tracts in their preferred sequence at their winning bid price. Should any tracts remain unselected by the initial highest bidder, these will continue to be offered through the “Buyer’s Choice” method until all tracts are successfully allocated. The tracts will NOT be offered together or in any combination at the conclusion of the auction. All winning bids will be subject to seller approval.
PAYMENT AND CLOSING TERMS
Upon successful bid completion, buyers must execute a real estate sales contract and submit a non-refundable deposit of ten percent (10%) of the purchase price. This deposit shall be payable to Mark Twain Title Co. and maintained in escrow until closing. The remaining balance is due at closing, scheduled on or before September 5, 2025.
TITLE AND POSSESSION
The seller shall furnish title insurance equivalent to the full purchase price. Property taxes for 2025 will be prorated as of the closing date. Complete possession rights transfer at closing, with all properties selling unencumbered by existing lease agreements for 2025 excluding the ground lease for the cell phone tower on Tract 2. All bids are final and unconditional, explicitly excluding but not limited to contingencies for financing, appraisal, or property inspection.
LEGAL DISCLAIMERS
Sale day announcements supersede all previous written or oral advertisements. While all presented information including but not limited to brochures, advertisements, and website content is believed accurate, neither the seller nor Elite Land & Auction, LLC, DBA Elite Land & Auction Co., assumes liability for any inaccuracies, errors, or omissions. All property boundaries, photographs, drone footage, and other visual representations are approximate. Buyers bear responsibility for independent verification of all information. The property is offered “AS IS” without expressed or implied warranties from the seller or Elite Land & Auction, LLC.
