62.79 WOODED ACRES | 2 TRACTS | FLOYD COUNTY MULTIPAR ONLINE AUCTION 

BIDDING BEGINS: THURSDAY, OCTOBER 15 @ 2PM 

BIDDING ENDS: THURSDAY, NOVEMBER 5 @ 2PM 

200 BLOCK OF BROEKER LANE, NEW ALBANY, IN 47150

Owned by the Schmidt Family for over 60 years, this 62.79-acre wooded property offers a private natural setting with elevated views toward Louisville located just west of downtown New Albany. With recreational potential and homesite opportunities, the property will be offered in two tracts using the MultiPar auction method,  giving buyers the opportunity to bid on each tract individually or in combination. 

Tract 1 includes approximately 60.036 acres with 240 feet of road frontage, while Tract 2 includes approximately 2.755 acres with 500 feet of road frontage. 

Located 3 miles west of downtown New Albany, the property offers convenient access to Louisville, I-64, and the Sherman Minton Bridge. Electric, public water, and public sewer are available at street. 

PROPERTY HIGHLIGHTS

• 62.79 +-  Wooded Acres in Floyd County, Indiana 

• Offered in 2 Tracts Using the MultiPar Auction Method 

• Tract 1 - 60.036 Acres - 240’ Frontage

• Tract 2 - 2.755 Acres - 500’ Frontage 

• Tracts Offered Individually or in Combination

• Approximately 740 Feet of Road Frontage 

• Elevated Views Toward Louisville 

• Public Water, Sewer, Electric & Internet Available 

• Zoned Open Space (OS) Steep Slope (SS) & Low Density Residential (LDR)

• Located Within New Albany’s 2-Mile Fringe 

• New Albany - Floyd County Schools 

• Approximately 3 Miles West of Downtown New Albany

• Convenient Access to I-64 & the Sherman Minton Bridge 

62.78 ACRES | 2 TRACTS | WOODED LAND

The property features mature woodland, rolling terrain, elevated areas with views toward Louisville, and frontage along Broeker Lane. Located near downtown New Albany, the acreage offers convenience, a natural setting for recreational use or potential homesite opportunities, subject to zoning and applicable approvals. 

TRACT 1 - APPROX. 60.036 ACRES 

• 240 Feet of Broeker Lane Frontage 

• Consists of 4 Parcels:

58.475 Acres - 100’ Frontage

0.413 Acre - 90’ Frontage x 200’

0.230 Acre - 50’ Frontage x 200’

0.918 Acre - Easement Access Available - Deed Restrictions

• Elevated Views Toward the City

TRACT 2 – APPROX. 2.755 ACRES

• 500 Feet of Broeker Lane Frontage 

• Consists of 4 Parcels: 

• 0.918 Acre – 200' Frontage × 200'

• 0.689 Acre – 100' Frontage × 300'

• 0.574 Acre – 100' Frontage × 250'

• 0.574 Acre – 100' Frontage × 250'

UTILITIES AVAILABLE

Duke Energy 

New Albany Municipalities Sewer

Indiana American Water

Spectrum Cable & Internet 

REAL ESTATE TAXES (2025/2026)

New Albany Township (Annual) — $187.14

New Albany City (Annual) — $259.88

DEDUCTIONS (2025/2026)
None

FLOOD ZONE 

FEMA records indicate that the property is not in a flood zone.

DEED PLAT DRAWING 

Property is being sold without survey per deed descriptions. Deed Plat Drawing by MJ Gibson Land Surveying dated 10/2/26. 

ZONING 

The property is located within the 2-mile fringe of the City of New Albany. The majority of the property is zoned Open Space (OS) Steep Slope (SS); with portions zoned Low Density Residential (LDR). Development within the  Steep Slope zoning district requires a special exception and is subject to applicable zoning regulation requirements. 

Buyers are responsible for conducting their own due diligence regarding permitted uses, building eligibility,, required approvals, utility availability and connection costs, access, and all applicable zoning restrictions before bidding. 

Buyers are encouraged to review the City of New Albany Zoning Ordinance: 

https://cityofnewalbany.com/wp-content/uploads/2023/07/FINAL-New-Albany-Zoning-Ordinance-2019-02-14.pdf    

Questions call: Scott Wood, Planning & Zoning Director 812-948-5327

PROTECTIVE COVENANTS & RESTRICTIONS

Deed Restrictions are part of Parcel 22-05-00-400-020.000-007. The property is subject to New Albany Planning & Zoning Ordinance. 

PARCEL & LEGAL DESCRIPTION

Parcel 22-05-00-400-025.000-007 (61.1 AC & 0.10 AC) - Legal  SW 1/4 4-3 - 61 .1 Acre & 0.10 Acre 5000200-007

Parcel 22-05-00-400-363.000-008 (0.92 AC) - Legal SEC 4-3-6 - 0.92 AC

Parcel 22-05-00-400-247.000-008 (0.63 AC) - Legal SW 1/4 SW 1/4 4-3-6 - 0.63 Acre

Parcel 22-05-00-400-364.000-008 (0.46 AC) - Legal 4-3-6 - 0.46 Acre 

Parcel 22-05-00-400-245.000-008 (0.41 AC) - Legal SW 1/4 SW 1/4 4-3-6 - 0.41 Acre

Parcel 22-05-00-400-229.000-008 (0.40 AC) - Legal SW 1/4   4-3-6 - 0.4 Acre

Parcel 22-05-00-400-020.000-007 (0.82 AC) - Legal PRT. SW 1/4 4-3-6 - 0.82 Acre

Parcel 22-05-00-400-362.000-008 (0.14AC) - Legal SW 1/4 4-3-6 - 0.14 Acre

SCHOOL CORPORATION

New Albany -Floyd County Consolidated Schools

MULTIPAR AUCTION METHOD
The Multipar Auction Method  is used to sell multiple parcels of real property at auction. Throughout the auction, the buyer maintains maximum choice and control to bid on the specific parcel or combination of parcels they are interested in. Buyers can bid on individual parcels, a combination of parcels, or the entire property. The final sales price is determined by the combination which realizes the highest bid. For a new bid on a single lot or combination, the overall total must increase by a minimum of $1,000.

COMBINATION BIDDING
Combination bidding begins Thursday, October 29, 2026.

NO MAX BID FEATURE
There is no maximum bid feature in a multipar auction. Any posted bid will increase to the bid amount entered.

EXTENDED BIDDING

•  If a bid is placed on any parcel in the last 10 minutes, the entire auction will remain open for an additional 10 minutes.

• If any further bidding occurs, the extension timer will reset to 10 minutes.

• If no further bidding occurs, the lots close when the timer runs out. 

---

BUYERS PREMIUM

10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.

REAL ESTATE TERMS

A non-refundable down payment equal to 10% of the final purchase price, including the Buyer’s Premium, is due within 24 hours following the auction in the form of cash, check, or wired funds in USD, balance due in 40 days. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. All auctions are cash sales. Buyers may obtain financing: however, the sale is not contingent upon financing approval, satisfactory appraisal, survey, or inspections. Buyers are solely responsible for verifying lender requirements, and securing financing or sufficient cash funds prior to bidding. All closing costs are the buyer’s responsibility. Possession at closing. See full details in the Auction Bid Packet.

RESERVE

Sale Subject to Seller Confirmation

AUCTIONEER ON SITE

• Thursday, November 5, 11:00 AM - 1:00PM

• Drive by at your own convenience 

PROPERTY LOCATION

200 Block of Broeker Lane, New Albany, IN 47150

SELLER

Gary & Linda Schmidt

DIRECTIONS 

From State Street travel west on Main Street 1 mile, continue straight through the  light onto IN-111. Continue  south 0.6 mile to right on Budd Road for 0.3 mile to right on Broeker Lane. Land is 1/2 mile on left.