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

The farm will be sold on a price per acre basis, based on a survey that is currently underway.

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 Monday, August 1, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. The 2022 real estate taxes will be prorated to the date of closing.  Possession will be given at the time of closing, subject to a cash rent lease for the 2022 & 2023 crop years.  The new buyer will receive the 2nd half of the 2022 cash rent and all of the 2023 cash rent. Contact auction company for details regarding the cash rent agreement.

Bidding is NOT subject to the following 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 SURVEY PLAT

CLICK HERE TO VIEW TITLE COMMITMENT

CLICK HERE TO VIEW PURCHASE AGREEMENT


Dolores Dace - Seller


Representing Attorney:
Andrew M. Russell
Russell, English, Scoma & Beneke
10 Park Avenue West, Princeton, IL
PH: 815-875-4555

Managed By:
Michael Sullivan (309) 333-0916
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• 98.58 Surveyed Acres - 1 Tract
• FSA information indicates 90.74 acres of NHEL cropland currently in row crop production
• The balance is in waterways
• Productivity Index Rating (PI): 130.9
• Productive soil types include Timewell, Virden, Clarksdale, Rozetta & Ipava
• Cash rent lease for 2022 & 2023 crop years
• Access is along the east & south sides by State Hwy 61

The purchase agreement will be adjusted to a quantity of 98.58 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
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