Knox County, IL Land Auction - JIMAK LTD
Knox County, IL Land Auction - JIMAK LTD
See Special Terms for additional fees
Description
The JIMAK property contains 563.6 total acres to be sold in 6 tracts and is located approximately 7 miles north of Galesburg, IL. The property is further described as being located in Section 30, T13N • R2E, Ontario Township, Sections 28 & 33, T13N•R1E, Rio Township and Section 4, T12N•R1E, Henderson (North Part) Township, all in Knox County, IL. The tracts represent productive tillable cropland, improved pasture land and recreational acres with potential home building sites.
Auction Managers:
Kevin Haas (309) 264-7767
Luke Sullivan (309) 371-5214
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Method and Terms
Lot # 0 (Sale Order: 1 of 7)
This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-6
Bidding will be on a per acre basis based on completed survey. All 6 tracts will be offered through the marketing method of "Buyer's Choice" whereas the high bidder can purchase any or all 6 tracts for their high bid (in any order). Buyer's Choice auctioning will continue until all 6 tracts have been purchased. The tracts will not be combined.
Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Monday, March 22, 2021. Bidding is NOT subject to the following contingencies, including but not limited to: financing, appraisal, and inspection. Title insurance in the full amount of the purchase price will be provided by the seller. The 2020 real estate taxes, due and payable in 2021, will be paid by the sellers, and the 2021 and all subsequent real estate taxes will be the responsibility of the new buyer(s).
Possession will be given at the time of closing and the farm sells free of tenancy for the 2021 crop year.
All tracts are enrolled in the Orion Renewable Energy Group Knox County Wind Farm Project. Contact auction manager for additional details.
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 is being sold "As Is".
- Currently there is a livestock drinking station that is located on tract 4. This station is not included in the auction and will be removed by the seller prior to closing.
- The electric fencing items are property of the tenant and will be removed prior to closing. These items include but are not limited to posts, wire, hardware, and other electric fencing equipment.
- There are some livestock equipment items that are property of the tenant and will be removed prior to closing. These items include but are not limited to creep feeders and gates.
CLICK HERE TO VIEW SURVEY PLAT
CLICK HERE TO VIEW GRANT OF EASEMENTS AND MEMORANDUM OF WIND ENERGY EASEMENT AGREEMENT
CLICK HERE TO VIEW TRACT 1 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 2 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 3 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 4 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 5 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 6 TITLE COMMITMENT
CLICK HERE TO VIEW TRACT 1 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 3 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 4 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 5 PURCHASE AGREEMENT
CLICK HERE TO VIEW TRACT 6 PURCHASE AGREEMENT
JIMAK Ltd
Laura Isele, Co-Manager
David Weber, Co-Manager
Representing Attorney:
JohnPatrick Brown, Attorney at Law
Nash Bean Ford & Brown, LLP
445 US Highway 6 East | PO Box 63 | Geneseo, IL 61254
5030 38th Avenue | Suite 2 | Moline, IL 61265
309-944-2188 Ext. 235 | 800-644-5345
Auction Managers:
Kevin Haas (309) 264-7767
Luke Sullivan (309) 371-5214
Tract 1 - 78.35 Taxable Acres+/-
Lot # 1 (Sale Order: 2 of 7)
Quantity: 78
Update: The building site is now included in this tract.
- FSA figures should indicate approximately 73.4 HEL cropland acres.
- The balance of this tract is in waterways.
- Land represents productive tillable farmland.
- Primary soil types: Osco, Assumption, Elkhart, Radford & Ipava.
- Soil Productivity Index (PI) Rating: 127.1 (tillable acres only)
- Public road access along the west side by County Road 600E.
The purchase agreement will be adjusted to a quantity of 78.35 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 153.29 Surveyed & Taxable Acres+/-
Lot # 2 (Sale Order: 3 of 7)
Quantity: 153
- FSA figures should indicate approximately 105.86 HEL cropland acres.
- The balance of this tract is in waterways, wooded draws & permanent pasture.
- Land represents productive tillable farmland & offers excellent recreational opportunities as well as premier building sites.
- Primary soil types: Hickory, Rozetta, Greenbush, Osco & Sylvan.
- PI Rating: 101.6 (tillable acres only)
- Public road access along the north side by County Road 2550N & along the southeast side by County Road 2500N & County Road 220E.
The purchase agreement will be adjusted to a quantity of 153.29 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 3 - 100.82 Surveyed Acres
Lot # 3 (Sale Order: 4 of 7)
Quantity: 101
- FSA figures should indicate approximately 65 HEL cropland acres.
- The balance of this tract is in pasture, grass waterways and also has a nice pond.
- Land represents productive tillable farmland & offers excellent recreational opportunities as well as premier building sites.
- Primary soil types: Clarksdale, Sylvan, Rozetta & Greenbush.
- PI Rating: 114.2 (tillable acres only)
- Public road access along the north side by County Road 2500N & along the west side by County Road 220E.
The purchase agreement will be adjusted to a quantity of 100.82 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 4 - 61.99 Surveyed Acres
Lot # 4 (Sale Order: 5 of 7)
Quantity: 62
- FSA figures should indicate approximately 27 HEL cropland acres.
- The balance of this tract is in waterways, wooded draws & permanent pasture.
- Land represents productive tillable farmland & offers excellent recreational opportunities as well as premier building sites.
- Primary soil types: Clarksdale, Greenbush & Rozetta.
- PI Rating: 124 (tillable acres only)
- Public road access along the east side by County Road 220E.
The purchase agreement will be adjusted to a quantity of 61.99 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 5 - 149.01 Surveyed & Taxable Acres+/-
Lot # 5 (Sale Order: 6 of 7)
Quantity: 149
- FSA figures should indicate approximately 79 HEL cropland acres.
- The balance of this tract is in waterways, wooded draws & permanent pasture.
- Land represents productive tillable farmland & offers excellent recreational opportunities as well as premier building sites.
- Primary soil types: Lawson, Hickory & Rozetta.
- PI Rating: 115.5 (tillable acres only)
- Public road access on the northwest side by County Road 220E.
The purchase agreement will be adjusted to a quantity of 149.01 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 6 - 20.14 Surveyed Acres
Lot # 6 (Sale Order: 7 of 7)
Quantity: 20
- FSA figures should indicate approximately 17.59 NHEL cropland acres.
- The balance of this tract is in wooded draw.
- Access along the east side from County Road 220E.
- PI Rating: 121.4
The purchase agreement will be adjusted to a quantity of 20.14 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
