All 3 tracts will be sold by the acre, based on surveyed acres, and offered through the marketing method of "Buyers Choice", whereas the high bidder can purchase (in any order) any or all tracts for their high bid. If the high bidder does not take all offered tracts, then the remaining tracts will be offered. The tracts will not be offered together at the conclusion of the auction. 

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before January 20, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Buyer will be responsible for 2023 and all subsequent taxes. Possession will be given at the time of closing, subject to any remaining crop tenancy for the 2022 crop year only. The properties sell free and clear of tenancy for 2023 and beyond. 

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold "AS IS".


CLICK HERE TO VIEW TITLE COMMITMENT

CLICK HERE TO VIEW PURCHASE AGREEMENT - TRACT 1

CLICK HERE TO VIEW PURCHASE AGREEMENT - TRACT 2

CLICK HERE TO VIEW PURCHASE AGREEMENT - TRACT 3



Osland Properties - Seller

Representing Attorney:
Jeff Lewis | Klein, Stoddard, Buck & Lewis, LLC
2045 Aberdeen Ct  #A, Sycamore, IL 60178 | (815) 748-0380
jlewis@kleinstoddard.com

Auction Manager:
Kevin Haas (309) 264-7767

• FSA maps indicate 31.62 NHEL cropland acres
• Productivity Index (PI): 135.3 (Class A)
• Soil types include Kaneville, Elpaso, Flanagan, Virgil, Elburn, Danabrook and Catlin
• Excellent commercial or residential development potential
• Road access along the south side from Barber Greene Rd (Co Hwy 27)

• FSA maps indicate 62.73 NHEL cropland acres
• Productivity Index (PI): 138.9 (Class A)
• Soil types include Catlin, Flanagan, Kaneville, Elburn and Danabrook
• Excellent commercial or residential development potential
• Road access along the north side from Barber Greene Rd (Co Hwy 27)

• FSA maps indicate 77.79 total cropland acres. Of which 70.45 acres are HEL, 2.14 acres are NHEL, and 5.2 are CRP acres with an annual payment of $1,120 expiring 9-30-2024. 
• Productivity Index (PI): 124.5
• Soil types include Octagon, Wingate, Drummer, Blackberry and Barony
• Excellent commercial or residential development potential
• Road access along the south side from Barber Greene Rd (Co Hwy 27)