Hanover Rd, Columbia, IL 62236

Property Description

PRIME LOCATION LAND OPPORTUNITY! This property is located just off IL State Route 3 between Columbia and Waterloo. This is one of two parcels to be sold at auction. Tract 2 totals +/- 38.3 acres including +/- 32 acres tillable. The property is currently zoned Monroe County Agricultural (MA-2) but the Monroe County Comprehensive Plan shows a future planned zoning change to Industrial/Business or Residential. BIDDING is on a PRICE PER ACRE of 38.3 acres. The listed price is the ASKING OPENING BID at $14,000/Acre X 38.3 Acres = $536,200. The auction is ONLINE ONLY. BIDDING ENDS for Tract 1 with a SOFT CLOSE on 11/24/2026 at 7pm (cst), Tract 2 will start a 5 minute soft close immediately after Tract 1 closes. Don't miss out on this opportunity! REGISTER & BID ONLINE NOW at SCHALLER.GROUP This is an income producing property. The oil and gas lease plus the farming lease on both Tract 1 and Tract 2 combined averages around $40,000 annually.