Highway 54 Eldon Miller County MO 65026 Land for Sale at Auction – Irma Lee Fleeman Estate

Property Preview Saturday, June 13th 10AM to 12PM

Bidding Ends Thursday, July 16th 10AM.

Highway 54 Frontage • Lake of the Ozarks Region • Development & Recreational Opportunity

The Fleeman Trust property presents a rare opportunity to purchase 156± acres of highly visible and versatile real estate located along the heavily traveled Highway 54 corridor near Bagnell Dam and Lake of the Ozarks. This Missouri Century Farm will be offered at public auction in three individual tracts, allowing buyers the flexibility to purchase development property, recreational acreage, investment land, or future commercial opportunities in one of Central Missouri’s fastest-growing regions.

Located directly on U.S. Highway 54, the property benefits from exceptional visibility and accessibility along one of the primary travel corridors into the Lake of the Ozarks area. Missouri Department of Transportation traffic studies indicate portions of the Highway 54 corridor in the Lake area carry traffic volumes approaching 20,000 vehicles per day, highlighting the exceptional commercial exposure and long-term investment potential this property offers. The location places the property within close proximity to Bagnell Dam, historic Camp Bagnell Restaurant & Campground, Lake Ozark, Osage Beach, and surrounding tourism, recreational, and commercial destinations that continue to drive strong traffic throughout the corridor.

The combination of Highway 54 frontage, utility access, recreational appeal, and future development potential makes this offering uniquely suited for investors, developers, commercial users, recreational buyers, or those seeking long-term land appreciation near the Lake area.

Tract 1: 12± acres located on the north side of Highway 54 along the highway corridor. This tract features excellent Highway 54 frontage and visibility along with an older home, electric service, private well, and multiple potential building or redevelopment locations. The high-traffic exposure and strategic location near Lake of the Ozarks tourism corridors provide exceptional commercial, mixed-use, residential, or investment potential.

Tract 2: 11± acres, the northernmost tract and includes electric service, a private well, and an existing single-wide trailer already located on the property. Positioned near Highway 54 with excellent accessibility, this tract offers outstanding potential for residential use, rental income, business development, or future commercial investment.

Tract 3: 133± acres, the southern tract represents the recreational centerpiece of the property. Comprised primarily of mature woods and rolling terrain south of Highway 54, this large contiguous acreage provides outstanding deer and turkey habitat, excellent privacy, and exceptional recreational opportunities.

Little Gravois Creek runs year-round through the property, further enhancing the tract’s wildlife appeal and natural beauty while providing a highly desirable water source for game. The combination of timber cover, live water, diverse terrain, and expansive acreage creates an ideal setup for hunting, trail systems, recreational use, or long-term land investment.

In addition to its recreational appeal, the tract also offers future development potential given its proximity to Highway 54, Lake of the Ozarks, Bagnell Dam, and surrounding commercial growth in the corridor. Opportunities to acquire large contiguous acreage with live water and Highway access in this region are increasingly difficult to find.

Whether you are an investor seeking commercial visibility, a developer targeting growth near Lake of the Ozarks, or an outdoor enthusiast searching for premier recreational acreage, the Fleeman Trust Auction offers a unique combination of location, visibility, access, utilities, live water, and versatility rarely available in today’s market.

For more information call or text Chris Gates (573) 644-4636.

Auction Terms & Conditions

1. PROCEDURE: Bidding ends Thursday, July 16, 2026, at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes on each tract.

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price.

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Friday, July 17, 2026 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason.

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted.

5. BIDDING: Once submitted, a bid cannot be retracted.

6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, August 20, 2026.

7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any.

8. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.

10. REAL ESTATE TAXES: The 2026 Real Estate taxes to be paid by the Buyer(s).

11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction.

12. The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. All announcements made day of sale take precedence over prior advertising either written or oral. This property is subject to prior sale.