Henry County, IL Land Auction - Beckman
Henry County, IL Land Auction - Beckman
See Special Terms for additional fees
Description
The Beckman farms are located north & west of Bishop Hill, IL and are further described as being located in Sections 1, 2, 8 & 9, T14N - R3E, Weller Township, Henry County, IL.
The tracts represent highly productive, Pattern tiled, Class A tillable farmland.
Auction Managers:
Brandt Henness (309) 224-4276
Michael Sullivan (309) 333-0916
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Method & Terms
Lot # 0 (Sale Order: 1 of 5)
This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-3.
All 3 tracts will sell on a per acre basis, based on taxable acres, and will be 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. "Buyers Choice" auctioning will continue until all 3 tracts have been elected. The tracts will NOT be offered together or in any combination at the conclusion of the auction.
Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before Thursday, September 21, 2023.
The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024. Possession will be given at the time of closing, subject to the remaining rights of the current farm tenant.
Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure 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 pertaining to the property. The real estate and any improvements are being sold "As Is".
Beckman Family Trust
Representing Attorney:
Brian Peterson | Simpson Peterson Law Office
246 E Main St #201, Galesburg, IL 61401 | (309)343-6152
Auction Managers:
Brandt Henness (309) 224-4276
Michael Sullivan (309) 333-0916
Documents & Agreements
Lot # 0A (Sale Order: 2 of 5)
Tract 1 - 117.89 Taxable Acres
Lot # 1 (Sale Order: 3 of 5)
Quantity: 118
- FSA figures indicate 108.94 acres of cropland currently in row crop production
- Productivity Index (PI): 139.4 (Class A)
- Soil types include Ipava, Osco, Greenbush & Sawmill
- Tiled
- The non-cropland acres represent a timbered draw in the southwest portion of this property
- Access is along the north side by County Hwy 4 (blacktop) & along the west side by County Hwy 39 (blacktop)
The purchase agreement will be adjusted to a quantity of 117.89 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 40 Taxable Acres
Lot # 2 (Sale Order: 4 of 5)
Quantity: 40
- FSA figures indicate 39.51 acres of NHEL cropland currently in row crop production
- Productivity Index (PI): 137.7 (Class A)
- Soil types include Proctor, Sawmill, Elburn, Ipava & Sable
- Access is along the east side by County Hwy 39 (blacktop)
The purchase agreement will be adjusted to a quantity of 40 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 3 - 56.64 Taxable Acres
Lot # 3 (Sale Order: 5 of 5)
Quantity: 57
- FSA figures indicate 54.99 acres of NHEL cropland currently in row crop production
- Productivity Index (PI): 133.9 (Class A)
- Soil types include Ipava, Clarksdale, Sable, Sylvan, Osco & Greenbush
- Access is along the north side by N 450th Ave.
The purchase agreement will be adjusted to a quantity of 56.64 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
