LaSalle County, IL Land Auction - McDonald
LaSalle County, IL Land Auction - McDonald
See Special Terms for additional fees
Description
LaSalle County, Illinois
Tracts 1-3 are located 6 miles west of Streator, IL or 40 miles north of Bloomington, IL. Tract 4 is located 3 miles northwest of Ransom, IL or 8 miles northeast of Streator, IL. The land is further described as being located in Section 35, T31N-R2E, Eagle Township, and Section 6, T31N-R5E, Allen Township, LaSalle County, Illinois.
Farmers & investors, take advantage of this opportunity! Tracts 1-3 represent a large block of Class A soil with tremendous eye appeal. Tract 4 contains productive soils with additional wind energy income.
Auction Manager:
Kevin Haas (309) 264-7767
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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 #1-4.
Tracts 1-3 of the McDonald farm will be sold on a price per acre basis, based on surveyed acres. Tract 4 will be sold on a price per acre basis, based on taxable acres. Tracts 1-3 will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can elect Tracts 1-3 for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered "Buyer's Choice" until Tracts 1-3 have been elected. Tract 4 will be sold last. The tracts will NOT be offered in their entirety 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 Friday, March 1, 2024.
The seller will provide title insurance in the full amount of the purchase price. Seller will pay all the 2023 real estate taxes by establishing an escrow at closing. Buyer pays all 2024 real estate taxes and beyond. Open lease for 2024 crop year and beyond. Possession at closing.
The buyer of Tracts 2, 3, and 4 will reimburse the seller at closing for fall tillage and nitrogen fertilizer applied for the 2024 corn crop. Contact auction manager for details.
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".
TRACTS 1-3
CLICK HERE TO VIEW SURVEY PLAT
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
TRACT 4
CLICK HERE TO VIEW PURCHASE AGREEMENT
CLICK HERE TO VIEW TITLE COMMITMENT
Michael & Harriett McDonald Estate
Representing Attorney:
Frank J. Black | Black & Black Lawyers
201 Liberty St., Suite 211, Morris, IL 60450 | (815) 942-0594
Auction Manager:
Kevin Haas (309) 264-7767
Tract 1 - 80.775 surveyed acres
Lot # 1 (Sale Order: 2 of 5)
Quantity: 81
- FSA records should indicate 79.9 NHEL cropland acres (estimated)
- Productivity Index (PI): 144.4 (Class A)
- Soil types include Muscatune-Buckhart, Muscatune, and Sable
- Access along the south side from N 12th Rd
The purchase agreement will be adjusted to a quantity of 80.775 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 80.914 surveyed acres
Lot # 2 (Sale Order: 3 of 5)
Quantity: 81
- FSA figures should indicate 79.9 NHEL cropland acres (estimated)
- Productivity Index (PI): 144.6 (Class A)
- Soil types include Muscatune-Buckhart, Muscatune, and Sable
- Access along the south side from N 12th Rd
The purchase agreement will be adjusted to a quantity of 80.914 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 3 - 80.828 surveyed acres
Lot # 3 (Sale Order: 4 of 5)
Quantity: 81
- FSA figures should indicate 78.88 NHEL cropland acres (estimated)
- Productivity Index (PI): 144.6 (Class A)
- Soil types include Muscatune, Muscatune-Buckhart, and Sable
- Improved with a 21,000 bu. capacity grain bin, dryer, fan, stirator, and a corn crib
- Access along the south side from N12th Rd and along the east side from E11th Rd
The purchase agreement will be adjusted to a quantity of 80.828 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 4 - 78.28 taxable acres+/-
Lot # 4 (Sale Order: 5 of 5)
Quantity: 78
- FSA records indicate 76.96 NHEL cropland acres
- Enrolled in the Invenergy Grand Ridge II wind project
- 2023 income: $13,076.00
- Productivity Index (PI): 119.5
- Soil types include Swygert, Bryce, and Rutland
- Access along the north side from N 18th Rd
The purchase agreement will be adjusted to a quantity of 78.28 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
