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

The real estate will be sold on a price per acre basis, based on the final surveyed acres.  The farm will be surveyed after the auction but before closing.  The final settlement amount at closing will be calculated using the survey results.

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 October 31, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 and the 2022 real estate taxes. Seller will retain all the 2022 farm income. Possession will be given at the time of closing.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property. All announcements made on 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 FSA INFORMATION

CLICK HERE TO VIEW TITLE COMMITMENT

CLICK HERE TO VIEW PURCHASE AGREEMENT


Wedge Mulligan LLC


Representing Attorney:
Pat Oberle
2807 Broadway St., Suite B
Pekin IL 61554
(309) 696-4313

Auction Manager:
Kevin Haas (309) 264-7767

 

• 41.5 acres (subject to survey)
• FSA maps indicate 36.15 cropland acres
• Productivity Index (PI): 118.9
• Soil types to include Rozetta, Birkbeck and Ipava
• The balance of the acres are woods and grass waterways
• Zoned R-1 One Family Residential
• Adjoins the Pekin Country Club on the west side
• The property offers many possibilities - farmland, new home construction, business/commercial development and recreational
• The east portion of the property lies in an Enterprise Zone
• California Drive borders along the east side

The purchase agreement will be adjusted to a quantity of surveyed acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.  The farm will be surveyed after the auction but before closing.  The final settlement amount at closing will be calculated using the survey results.