LaSalle County, IL Land Auction - Cleave

LaSalle County, IL Land Auction - Cleave

Wednesday, November 2, 2022  |  10:00 AM Central
Auction closed.
LaSalle County, IL Land Auction - Cleave

LaSalle County, IL Land Auction - Cleave

Wednesday, November 2, 2022  |  10:00 AM Central
Auction closed.
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Description

762 Acres± (Subject to Survey) • 10 Tracts

The Cleave Farms real estate is located a few miles southwest of Marseilles, IL or 6 miles southeast of Ottawa, IL. The land is further described as being located in Sections 23, 27, 33 & 34, T33N•R4E, Fall River Township, LaSalle County, IL and Sections 1 & 12, T32N•R4E, Grand Rapids Township, LaSalle County, IL.

The farm contains a total of 762 Acres ± (subject to survey) and will be offered in 10-tracts. All but one tract represents highly productive, nearly all-tillable farmland with several having Class A soils. Tract 10 is a small, 6-acre +/- wooded parcel.

Farmers and investors, what a tremendous opportunity to purchase 760 acres +/- of investment quality and highly productive LaSalle County, IL farmland all lying within a 3 mile area, much of which has not been on the market in over 150 years.

MANAGED BY
Kevin Haas (309) 264-7767
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Method & Terms

Lot # 0 (Sale Order: 1 of 12)      


This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-10.

All 10 tracts will be sold on a price per acre basis, based on the soon to be completed surveyed acres. Tracts 1 - 9 will be offered through the marketing method of "Buyers Choice", whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts then the remaining tract(s) will be offered and this will continue until all of the tracts have been elected. We will then sell Tract 10. The tracts will NOT be offered together or in their entirety at any time.

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 December 2, 2022. 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 responsible for the 2023 and all subsequent RE taxes. Possession will be given at the time of closing, subject to the 2022 crop year tenancy, if any. The land sells free and clear of any tenancy for 2023.

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" and subject to sellers confirmation.

 



Cleave Farms, Scott Cleave POA - Seller

Representing Attorney: 

Jon R Robinson
Bolen, Robinson & Ellis
202 S Franklin St, 2nd Floor | Decatur, IL  62523
(217) 429-4296

Auction Manager:
Kevin Haas (309) 264-7767


 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED

You've been outbid ! to YOU!

This lot was not sold.

Placing your bid. please wait...

Reserve Not Met

TRACT 1 - 80.86 SURVEYED ACRES

Lot # 1 (Sale Order: 3 of 12)      

Quantity: 80

 
  • FSA records should indicate approximately 78.64 NHEL cropland acres (split field)
  • Productivity Index (PI): 115.3
  • Soil types include Bryce and Swygert
  • Access along the west side from E21st Rd and along the south side from N25th Rd

The purchase agreement will be adjusted to a quantity of 80.86 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 9,150.00
$9,150.00 x 80 = $732,000.00
Total Bid: USD 732,000.00

You've been outbid  to A****4! to YOU!

Placing your bid. please wait...

$9,150.00 x 80 = $732,000.00 Total

TRACT 2 - 80.924 SURVEYED ACRES

Lot # 2 (Sale Order: 4 of 12)      

Quantity: 80

 
  • FSA records should indicate approximately 79.5 NHEL cropland acres (split field)
  • Productivity Index (PI): 115.4
  • Soil types include Bryce, Swygert and Mona
  • Access along the south side from N25th Rd

The purchase agreement will be adjusted to a quantity of 80.924 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 9,150.00
$9,150.00 x 80 = $732,000.00
Total Bid: USD 732,000.00

You've been outbid  to A****4! to YOU!

Placing your bid. please wait...

$9,150.00 x 80 = $732,000.00 Total

TRACT 3 - 161.425 SURVEYED ACRES

Lot # 3 (Sale Order: 5 of 12)      

Quantity: 160

 
  • FSA records should indicate approximately 154 NHEL cropland acres (split field)
    • Includes 7.2 CRP acres, $2,160 annual payment, expires 9/30/2027
    • Includes 0.50 CRP acres, $119 annual payment, expires 9-30-2028
  • Productivity Index (PI): 123.8
  • Soil types include Bryce, Drummer, Swygert and Clare
  • Access along the north side from N25th Rd and along the west side from E21st Rd

The purchase agreement will be adjusted to a quantity of 161.425 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 8,750.00
$8,750.00 x 160 = $1,400,000.00
Total Bid: USD 1,400,000.00

You've been outbid  to j****l! to YOU!

Placing your bid. please wait...

$8,750.00 x 160 = $1,400,000.00 Total

TRACT 4 - 76.985 SURVEYED ACRES

Lot # 4 (Sale Order: 6 of 12)      

Quantity: 76

 
  • FSA records should indicate approximately 76 NHEL cropland acres (split field)
  • Productivity Index (PI): 133 (Class A)
  • Soil types include Drummer, Mokena, Proctor and Mona
  • Access along the west side from E21st Rd

The purchase agreement will be adjusted to a quantity of 76.985 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 11,100.00
$11,100.00 x 76 = $843,600.00
Total Bid: USD 843,600.00

You've been outbid  to a****s! to YOU!

Placing your bid. please wait...

$11,100.00 x 76 = $843,600.00 Total

TRACT 5 - 80.567 SURVEYED ACRES

Lot # 5 (Sale Order: 7 of 12)      

Quantity: 80

 
  • FSA records should indicate approximately 78.5 NHEL cropland acres (split field)
    • Includes 4.8 CRP acres, $1,466 annual payment, expires 9-30-2025
  • Productivity Index (PI): 132.4
  • Soil types include Drummer, Mokena, Proctor and Swygert 
  • Access along the west side from E21st Rd and along the south side from N24th Rd

The purchase agreement will be adjusted to a quantity of 80.567 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 10,300.00
$10,300.00 x 80 = $824,000.00
Total Bid: USD 824,000.00

You've been outbid  to a****s! to YOU!

Placing your bid. please wait...

$10,300.00 x 80 = $824,000.00 Total

TRACT 6 - 40.39 SURVEYED ACRES

Lot # 6 (Sale Order: 8 of 12)      

Quantity: 40

 
  • FSA records indicate 38.84 cropland acres 
    • Includes 0.60 CRP acres, $183 annual payment, expires 9-30-2025
  • Productivity Index (PI): 140.9 (Class A)
  • Soil types include Drummer and Proctor 
  • Access along the south side from N24th Rd and along the east side from E21st Rd

The purchase agreement will be adjusted to a quantity of 40.39 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 12,900.00
$12,900.00 x 40 = $516,000.00
Total Bid: USD 516,000.00

You've been outbid  to h****b! to YOU!

Placing your bid. please wait...

$12,900.00 x 40 = $516,000.00 Total

TRACT 7 - 78.61 SURVEYED ACRES

Lot # 7 (Sale Order: 9 of 12)      

Quantity: 80

 
  • FSA records should indicate approximately 77.5 NHEL cropland acres (split field)
  • Productivity Index (PI): 120.4
  • Soil types include Rutland, Swygert and Bryce
  • Access along the west side from E23rd Rd

The purchase agreement will be adjusted to a quantity of 78.61 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 8,750.00
$8,750.00 x 80 = $700,000.00
Total Bid: USD 700,000.00

You've been outbid  to p****4! to YOU!

Placing your bid. please wait...

$8,750.00 x 80 = $700,000.00 Total

TRACT 8 - 78.49 SURVEYED ACRES

Lot # 8 (Sale Order: 10 of 12)      

Quantity: 80

 
  • FSA records should indicate approximately 76.5 NHEL cropland acres (split field)
  • Productivity Index (PI): 117
  • Soil types include Swygert, Bryce and Rutland,
  • Access along the west side from E23rd Rd and along the south side from N23rd Rd

The purchase agreement will be adjusted to a quantity of 78.49 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
 

 


    ...more

    Bid Not Accepted!

    Bid Accepted!

    You've been outbid!

    Sold for: USD 8,750.00
    $8,750.00 x 80 = $700,000.00
    Total Bid: USD 700,000.00

    You've been outbid  to p****4! to YOU!

    Placing your bid. please wait...

    $8,750.00 x 80 = $700,000.00 Total

    TRACT 9 - 78.49 SURVEYED ACRES

    Lot # 9 (Sale Order: 11 of 12)      

    Quantity: 80

     
    • FSA records indicate 76.77 NHEL cropland acres 
      • Includes 2.8 CRP acres, $840 annual payment, expires 9-30-2027
      • Includes 4.8 CRP acres, $1067 annual payment, expires 9-30-2032
    • Productivity Index (PI): 118.3
    • Soil types include Bryce, Swygert and Rutland
    • Access along the north side from N23rd Rd

    The purchase agreement will be adjusted to a quantity of 78.49 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
     
    ...more

    Bid Not Accepted!

    Bid Accepted!

    You've been outbid!

    Sold for: USD 8,750.00
    $8,750.00 x 80 = $700,000.00
    Total Bid: USD 700,000.00

    You've been outbid  to p****4! to YOU!

    Placing your bid. please wait...

    $8,750.00 x 80 = $700,000.00 Total

    TRACT 10 - 5.97 SURVEYED ACRES

    Lot # 10 (Sale Order: 12 of 12)      

    Quantity: 6

     
    • All mature timber
    • This tract appears to have no legal access

    The purchase agreement will be adjusted to a quantity of 5.97 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
     
    ...more

    Bid Not Accepted!

    Bid Accepted!

    You've been outbid!

    Sold for: USD 400.00
    $400.00 x 6 = $2,400.00
    Total Bid: USD 2,400.00

    You've been outbid  to c****s! to YOU!

    Placing your bid. please wait...

    $400.00 x 6 = $2,400.00 Total
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