277 acres near Wal-Mart sell for $4.19 million
By Don Dodson
Saturday March 15, 2008
URBANA – When it came to bidding, the Los were high.
About 275 acres of farmland less than a mile east of Urbana's Wal-Mart sold at auction Friday afternoon for $15,250 an acre, with Adolf and Renee Lo the successful bidders. That yielded an overall price of $4.19 million.
Nearly 100 people turned out for the auction at Urbana's Holiday Inn, with four bidders entering the fray at one point or another.
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