NORTHBROOK, Ill., March 29, 2016 (GLOBE NEWSWIRE) -- Hilco Real Estate, LLC announces the upcoming auction of a country estate with productive farmland acreage and supporting farm buildings. Located in Camp Douglas, Wisconsin, the auction is scheduled for May 12, 2016. The sealed bid offering includes 793 acres with approximately 728 tillable acres of leased farmland, a grain plant set on 21 acres that includes an office building, warehouse/shop facilities, three grain bins of 165,000 total bushel storage, fuel shed, and a trout stream wandering through a vintage apple orchard. Also, included in the sealed bid action is a large 7,600 SF corporate/business aircraft hangar and a luxurious single-family residence on 22 acres. Hilco is offering two ways to bid: (1) The entire estate: Luxury home, farmland, farm buildings, apple orchard, aircraft hangar, and (2) The luxury home on 22 acres.
This one-of-a-kind country estate is perfectly situated to provide residents with peace and privacy, set at the end of a long, winding drive. The home boasts five bedrooms, six full bathrooms, two half-baths, and a gourmet kitchen complete with premium stainless steel appliances and heated tile flooring. Resort-style amenities include an elevator, racquetball court, tennis court, fitness center and large indoor pool. The residence also offers a host of outdoor recreational activities for both summer and winter months, with miles of trails meandering through the property's 22 acres accessible via snowmobile, cross country skis, ATV or horseback. Buyers will also enjoy immediate access to hunting and fishing steps from their back door.
According to the United States Department of Agriculture (USDA), the majority of the tillable acres included in the sale are considered "Cropland A" grade, the most desirable soil type in central Wisconsin. The farmland is leased through 2017, providing a favorable future income stream to new ownership. Supporting the property's agricultural operations, the offering also includes a fully-functional drying and storage grain plant, main office building, two newer warehouse/shop facilities, three grain bins, apple orchard, and irrigation equipment…all only 12 miles from the Marquis Energy ethanol plant set within a major corn market.
Also included in the sale is a corporate/business aircraft hangar, all steel construction, totaling 7,600 square feet, complete with 12,000 gallons of fuel storage capacity. The versatile hanger is conveniently located 15 minutes from the main property and offers additional office and storage space.
The auction event will be held on Thursday, May 12, 2016. Sealed bids must be delivered to the offices of Hilco Real Estate on or before 5:00 pm CST on the day of the auction. Hilco's address is as follows: Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, IL 60062.
Go to www.HilcoRealEstate.com to review property information and obtain bidding instructions.
Located in the heartland of central Wisconsin, the property is less than 20 minutes from Wisconsin's 4th largest lake, Castle Rock Lake; 35 minutes from historic Wisconsin Dells that boasts of multiple family attractions, Christmas Mountain, and Ho Chunk Casino; 50 minutes to Cascade Mountain Downhill Ski Resort; 90 minutes southeast of Eau Claire's World Class Ski Jumping; 2 hours east of the world renowned Mayo Clinic Health Center in Rochester, Minnesota; 2 hours from Wausau and World Class Kayaking, and just under three hours from the famous Green Bay Packer Stadium, Lambeau Field. The property offers good access to major state highways and interstates, situated less than three miles from I-90/94, which runs through Wisconsin, connecting Chicago to Minneapolis/St. Paul.
Camp Douglas itself is a charming village of 600 residents situated in Juneau County, Wisconsin and home to the Volk Field Air National Guard Base. The Village of Camp Douglas is an outdoorsman's paradise offering residents and visitors alike breathtaking bluff views and ancient rock formations. Lakes, parks, and a wildlife refuge are only minutes away. Beginning at the northern end of the Village, the Omaha Bike, Hiking, and Snowmobile Trail runs for 13 miles to Elroy, WI and connects into a 100-mile continuous trail corridor. In addition, local roads are open to ATV/UTVs, connecting adventure-seekers to a network of surrounding municipal ATV/UTV trails.
Jeff Azuse, Senior Vice President with Hilco Real Estate said, "With the recent volatility in the stock market fueled by domestic uncertainty and global unrest aboard, investors are flocking to the stability that quality agricultural land provides. While commodities prices have been in a slump recently, savvy investors understand that global food demands show no signs of slowing. As a result, there is currently a tremendous appetite for productive ag land."
"In fact," Mr. Azuse continued, "2015 saw a bump in average agricultural land values from 2.4% to upwards of 8% in some states, outpacing most stock market indexes. As such, we expect this auction to attract active interest from a broad spectrum of buyers, from real estate investors to local end users looking for value and stability in a market where this does not currently exist. Combine this with the inventory of well-equipped support buildings and a magnificent single-family home, and you have a turnkey operation that is second to none anywhere in Wisconsin!"
For more information about bid qualifications and further details about this or other properties available, please visit www.HilcoRealEstate.com or contact a member of our transactional team at 855-755-2300.
About Hilco Real Estate, LLC: Hilco Real Estate, LLC ("HRE"), a Hilco Global company, is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, extensive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE consistently exceeds expectations.
Media Contact:
Gary Epstein
Hilco Global
Office: 847-418-2712
Mobile: 847-323-4943
Email: gepstein@hilcoglobal.com