McLean County, IL Land Auction - Lobdell
McLean County, IL Land Auction - Lobdell
See Special Terms for additional fees
Description
McLean County, Illinois
Tracts 1 & 2 are located 2 miles northeast of Cooksville, IL or 17 miles northeast of Bloomington, IL. Tract 3 is located 4 miles north of Towanda, IL or 10 miles northeast of Bloomington, IL. The land is further described as being located in Section 6, T24N-R5E, Martin Township, Section 1, T24N-R4E, Blue Mound Township, and Section 20, T25N-R3E, Money Creek Township, McLean County, Illinois.
The Lobdell Trusts farmland auction has something for everyone. Tract 1 consists of Class A soils with tremendous eye appeal. Tract 2 consists of productive soils with highway access. Tract 3 is a mixture of productive farmland and mature timber. Farmers, investors, & hunters, don’t miss this opportunity to purchase desirable, professionally managed McLean County land!
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 #1-3.
All tracts will be sold on a price per acre basis, based on taxable acres. Tracts 1 & 2 will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can elect either tract 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 both tracts have been elected. Tract 3 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, February 16, 2024.
The seller will provide title insurance in the full amount of the purchase price. Buyer will receive a credit for 2023 taxes at closing and will pay them next summer. Buyer will pay all 2024 taxes and beyond. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing lease for the 2023 crop year that ends February 28, 2024.
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".
Dorothy H. Lobdell Family Trust
Charles H. Lobdell Trust
Bank of Pontiac, Trustee
Representing Attorney:
Steven T. Mann | Caughey, Legner, Freehill, Ehrgott, & Mann
213 Green St., Chenoa IL 61726 | (815) 945-2611
Auction Manager:
Kevin Haas (309) 264-7767
Tract 1 - 77.15 taxable acres+/-
Lot # 1 (Sale Order: 3 of 5)
Quantity: 77
- FSA records should indicate 76.5 NHEL cropland acres (estimated)
- Productivity Index (PI): 136.6 (Class A)
- Soil types include Drummer and Elpaso, Saybrook, and Lisbon
- Access along the east side from N3050 East Rd
The purchase agreement will be adjusted to a quantity of 77.15 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 78.6 taxable acres+/-
Lot # 2 (Sale Order: 4 of 5)
Quantity: 79
- FSA figures should indicate 73.31 NHEL cropland acres (estimated)
- Productivity Index (PI): 128.4
- Soil types include Radford, Wyanet, and Lisbon
- Access along the south side from St Rt 165
The purchase agreement will be adjusted to a quantity of 78.6 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 3 - 35.7 taxable acres+/-
Lot # 3 (Sale Order: 5 of 5)
Quantity: 36
- FSA figures should indicate 24.1 NHEL cropland acres
- Productivity Index (PI): 127.5
- Soil types include Rozetta and Ipava
- The balance of this tract is mature timber, which provides hunting and other outdoor recreational opportunities
- Access along the east side from N1950 East Rd
The purchase agreement will be adjusted to a quantity of 35.7 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
