Farmland Industries Inc.’s former headquarters near Kansas City International Airport will be auctioned for sale, the property’s auctioneer announced on Wednesday.

Sealed bids are due Aug. 17 to Sheldon Good & Co. Auctions LLC of Chicago. The bids will be evaluated and a decision will be made within 10 days.

The building at 12200 N. Ambassador Drive is vacant.

Pritzker Realty Group LP, the building’s Chicago-based owner, listed the property for sale in February 2005 for $20 million, or $77 a square foot.

Farmland filed for Chapter 11 bankruptcy in May 2002. Bankruptcy proceedings allowed it reject a lease on its headquarters building that ran through 2015.

Posted: 06|22|06 at 9:59 am. Filed under: US News.