Van Adkisson Auction Service Auction Catalog - Knox & Warren County, IL Land Auction - Weigand Online Auctions

Terms of Sale

Lot #0 (Sale Order 1 of 4)

* This Lot is for informational purposes only *

SALE PROCEDURE: Tracts 1, 2 and 3 will be offered by bidder's choice whereby the high bidder has the privilege of selecting any individual tract, any combination of tracts or all three tracts. In the event that less than all three tracts are selected in the first session, the remaining tract(s) will be offered by the same method until all three tracts are sold.

TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due at closing on or before September 27, 2022. Buyers will receive possession at the closing subject to the rights of the present tenant to harvest the 2022 crop. Buyers will receive full possession for the 2023 crop year upon completion of the 2022 harvest. Title insurance will be provided. The 2022 real estate taxes payable in 2023 will be paid by the seller.

The property is selling under standard auction terms - As Is - without warranties or guarantees either expressed or implied. The sale is not subject to any contingencies. Bidders must have financing arrangements made prior to participating in the auction. Bidders are responsible for performing their own due diligence prior to participating the auction.

The information that is provided by the auction firm has been obtained from reliable sources and is believed to be correct. However, the sellers and the auction firm cannot guarantee the information. Any announcements made on the day of the auction will take precedence over any printed, electronic or oral representations made previously.

Van Adkisson Auction Service LLC serves solely as agent for the seller and assumes no liability of any kind with the property being sold.

SELLER: MARY JEAN WEIGAND ESTATE, Julie Ann Hopkins, Executor

ATTORNEY: Patrick C. Egan | Egan Law, LLC

2101 Windish Drive | Galesburg, IL 61401 | 309-343-5010

AUCTIONEERS: Van Adkisson (309)337-1761
Jeff Gregory (309)337-5255

INTERNET BIDDING: Heather Gregory (309)337-2217

Click here to view the full listing on our website.

Tract 1 - 77.58 Surveyed Acres

Lot #1 (Sale Order 2 of 4)

Physical Address: 1100 Illinois Route 41, Galesburg, IL 61401.

Tract 1 is located in the North Half of the Northeast Quarter of Section 8, Cedar Township (T.10N.-R.1E.), Knox County, Illinois.

The parcel lies level to undulating and presently features 67.24 FSA cropland acres. The primary soil types of the cropland are Osco, Ipava and Sable silt loams with a PI rating of 140.5.

Tracts 1 and 2 were grid mapped soil tested on 11-6-2019. Lime was variable rate applied per the soil test recommendations.

The balance of the acreage includes the homesite, 2 outbuildings, grassland and a small timbered draw. The homesite is improved with a well-maintained custom built one story 2 bedroom home w/ attached 22'x23' garage. The residence features: 13'x18' living room, 15'x22' family room open to the 15'x16' kitchen with appliances, 13'x14.5' master bedroom w/ full bath, walk-in shower and large closet, 11'x14' guest bedroom, 5'x10.5' full bath w/ tub-shower, 5'x10.5' laundry room including washer-dryer, and 2 hall closets. Additional amenities of the home include Galesburg city water, LP gas furnace, central air, deep crawl space and a newer roof. Tract 1 is also improved with a 25'x60' quonset style metal storage building and a wood frame barn.

The purchase agreement will be adjusted to 77.58 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.

Tract 2 - 81.03 Acres

Lot #2 (Sale Order 3 of 4)

Tract 2 is located directly north of Tract 1 in the South Half of the Southeast Quarter of Section 5, Cedar Township (T.10N.-R.1E.), Knox County, Illinois.

The parcel lies level to undulating and presently features 73.24 FSA cropland acres and 4.3 acres in two CRP waterways. The new 10 year CRP contract expires September 30, 2032 with a rental rate of $300.00 per acre.

The primary soil types of the cropland are Osco, Sable and Ipava silt loams with a PI rating of 138.6.

Tracts 1 and 2 were grid mapped soil tested on 11-6-2019. Lime was variable rate applied per the soil test recommendations.

The purchase agreement will be adjusted to 81.03 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.

Tract 3 - 108.67 Surveyed Acres

Lot #3 (Sale Order 4 of 4)

Tract 3 is located 4.5 miles south of Galesburg on Route 41 to Knox Road 1050N (County 26), 3 miles west to 170th Street then 1 mile south, in the Southwest Quarter of Section 13, Floyd Township (T.10N.-R.1W.), Warren County, Illinois.

The parcel lies level to undulating and presently features 106.12 FSA cropland acres.

Primary soil types of the cropland are Ipava, Keomah, Clarksdale, Rozetta and Sable silt loams with a PI rating of 133.4.

Tract 3 was grid mapped soil tested on 4-2-2020. Lime was variable rate applied per the soil test recommendations

The balance of the acreage includes a small timbered waterway. Tract 3 has frontage along 170th Street and 172nd Street.

The purchase agreement will be adjusted to 108.67 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.

$13,400.00 x 109 = $1,460,600.00 Total


Knox & Warren County, IL Land Auction - Weigand
Real Estate > Van Adkisson Auction Service > Knox & Warren County, IL Land Auction - Weigand
Knox & Warren County, IL Land Auction - Weigand
by Van Adkisson Auction Service Thu, Aug 25, 2022 10:00 AM Central The auction will be conducted both Live and Online. The live auction will be held at the Abingdon American Legion, 546 Route 41 South, Abingdon, IL 61410. Bidders are invited to join us at the auction venue or to participate remotely online from your home or office. No buyer’s premium will be charged. The Weigand Estate Farms consist of 267.28 surveyed acres. Tracts 1 and 2 are contiguous and are located 4 miles south of Galesburg, IL along Route 41 on the west side of the highway. Tract 3 is located 4.5 miles south of Galesburg on Route 41 to Knox Road 1050N (County 26), 3 miles west to 170th Street then 1 mile south. PRIME CROPLAND COUNTRY HOME* SELLER: MARY JEAN WEIGAND ESTATE, Julie Ann Hopkins, Executor ATTORNEY: Patrick C. Egan \| Egan Law, LLC 2101 Windish Drive \| Galesburg, IL 61401 \| 309-343-5010 AUCTIONEERS: Van Adkisson (309)337-1761 & Jeff Gregory (309)337-5255 INTERNET BIDDING: Heather Gregory (309)337-2217