Mercer County, IL Land Auction - SAS LLLP
Mercer County, IL Land Auction - SAS LLLP
See Special Terms for additional fees
Description
Mercer County, Illinois
Land is generally located approximately 7 miles east and north of Seaton, Illinois or approximately 8 miles south and east of Aledo, Illinois and further described of being in Sections 11 & 13, T13N•R3W, Ohio Grove Township, Mercer County Illinois.
The farm contains a total of 241.02 surveyed acres and will be sold in 3 tracts. Tracts represent highly productive Class A farm land! The farm is tiled and there is great access to all three tracts. Nearly 100% tillable, this is a tremendous opportunity for farmers and investors alike to purchase some of the best farm land in the entire state of Illinois!
Investment quality farmland that rarely comes up for sale!
Auction Managers:
Dale Jones (309) 299-6400
Dan Sullivan (319) 795-1833
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 have been surveyed. Tracts 1 - 3 will sell by the acre, based on the surveyed acres, and will be offered through the marketing method of "Buyers Choice", whereas the high bidder can purchase (in any order) any or all 3 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 July 10th, 2023.
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. Possession will begin at the time of closing subject to the 2023 crop year only. The new buyer(s) will receive 50% of the 2023 cash rent and therefore will pay 50% of the 2023 real estate taxes, due and payable in 2024. Contact auction managers for details.
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 improvements are being sold "As Is".
SAS LLLP
Representing Attorney:Alyssa R. Stewart | Anderson, Roberts, Porth, Wallace, Stewart & Werner LLP.
524 N. Main St. | Burlington, Iowa 52601
Auction Managers:
Dale Jones (309) 299-6400
Dan Sullivan (319) 795-1833
Documents & Agreements
Lot # 0A (Sale Order: 2 of 5)
CLICK HERE TO VIEW SURVEY PLATS
Tract 1
CLICK HERE TO VIEW TAX INFORMATION
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
Tract 2
CLICK HERE TO VIEW TAX INFORMATION
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
Tract 3
CLICK HERE TO VIEW TAX INFORMATION
CLICK HERE TO VIEW TITLE COMMITMENT
CLICK HERE TO VIEW PURCHASE AGREEMENT
Tract 1 - 82.60 Surveyed Acres
Lot # 1 (Sale Order: 3 of 5)
Quantity: 83
- FSA figures indicate 80.62 acres of NHEL cropland
- Productivity Index (PI): 142 (Class A
- Soil types include Muscatune, Greenbush, Osco, Rozetta, Velma, and Assumption
- Access along the north side by 40th Ave.
The purchase agreement will be adjusted to a quantity of 82.60 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 80.60 Surveyed Acres
Lot # 2 (Sale Order: 4 of 5)
Quantity: 81
- FSA figures should indicate approximately 80 acres of NHEL cropland
- Productivity Index (PI): 141.2 (Class A)
- Soil types include Osco and Muscatune
- Access along the north side by 50th Ave. and along the west side by 205th St.
The purchase agreement will be adjusted to a quantity of 80.60 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 3 - 77.82 Surveyed Acres
Lot # 3 (Sale Order: 5 of 5)
Quantity: 78
- FSA figures should indicate approximately 76.14 acres of NHEL cropland
- Productivity Index (PI): 140.8 (Class A)
- Soil types include Muscatune, Osco, Greenbush, and Fayette
- Access along the west side by 205th St.
The purchase agreement will be adjusted to a quantity of 77.82 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.