Major Central Illinois Land Auction - Cannon Trust

Wednesday, September 8, 2021 | 10:00 AM Central

Auction closed.

Major Central Illinois Land Auction - Cannon Trust

Wednesday, September 8, 2021 | 10:00 AM Central

Auction closed.

Internet Premium:
See Special Terms for additional fees

Dwight, IL

Description

954.17 Surveyed Acres | 12 Tracts

Make plans now to participate in this major Central Illinois farmland auction of nearly 1,000 acres located in Livingston & Grundy Counties, Illinois.

Land represents productive tillable cropland, with most tracts being nearly 100% tillable. Also selling a well-maintained country home on 4 acres±.

The Helen Cannon Trust farmland has been owned by the same family for over 100 years. The land has been managed for many years by US Bank and all of the tillable tracts are in an excellent state of fertility. Tract sizes are well suited for farmers and investors alike.

LAND LOCATION

(Pre-sale directional and tract signs will be posted on each tract)

Tracts 1 & 2 • Located approximately 1 mile southwest of Dwight, IL, in the South Half of Section 7, T30N•R7E, Dwight Township, Livingston County, IL.

Tracts 3 – 6 • Located approximately 1 mile west of Dwight, IL in Section 6, T30N•R7E, Dwight Township, Livingston County, IL.

Tracts 7 & 8 • Located approximately 2 miles... Show more

Sullivan Auctioneers, LLC

(844) 847-2161

Internet Premium:
Payment Options: Check and Wire Transfer
Payment Instructions: Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax. Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit as outlined in Lot #0 - Method & Terms. Failure to execute and return contract with deposit will be considered in default. Bidding on the property is not contingent on financing, appraisal or any other contingencies.
Currency Type: USD
Shipping Instructions:
Preview Date & Times:
Checkout Date & Times:
Location: 506 S Old Rte 66, Dwight, IL 60420
Driving Directions: Auction Venue: VFW Post 2608, 506 S Old Rte 66, Dwight, Illinois 60420 Sale to be conducted as a live onsite auction, with virtual online bidding available. If you need assistance with internet bidding, please contact our office at (844) 847-2161, and let one of our helpful staff answer any questions you might have. Thank you.

Special Terms

Property is offered under the specific terms provided in the printed and electronic versions of the auction brochure. Any and all inspections are the responsibility of the buyer prior to auction. Buyer is responsible for reviewing auction listing prior to close of sale to inspect any changes, corrections, or additions to property information. Property is being sold as is. Announcements sale day take precedence. Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax. Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit as outlined in Lot #0 - Method & Terms. Failure to execute and return contract with deposit will be considered in default. Bidding on the property is not contingent on financing, appraisal or any other contingencies. Sullivan Auctioneers, LLC are licensed auctioneers representing the seller(s) in this transaction. Sullivan Auctioneers, LLC reserves the right to deny registration.

Search Catalog :

Sort By :

Go to Lot :

Go to Page :

Per Page :

Pg : 1 of 1

Method and Terms

Lot # 0 (Sale Order: 1 of 14)

This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-12.

METHOD
Tracts 1 - 11 will sell on a price per acre basis, based on the surveyed acres. Tract 12 will sell for a lump sum or total dollar amount.

Tracts 1 - 8 will be offered through the marketing method of "Buyer's Choice," whereas the high bidder can elect (in any order) any or all of the first eight tracts. Buyer's Choice will continue until all eight tracts have been selected.

Tracts 9 - 11 will be offered through the marketing method of "Buyer's Choice," whereas the high bidder can elect (in any order) any or all of Tracts 9 - 11. Buyer's Choice will continue until all tracts have been selected.

We will then sell Tract 12 (residence & farm outbuildings) for a lump sum total dollar amount.

Please Note: The tracts will NOT be offered in their entirety at the conclusion of the auction.

TERMS

Immediately following the auction, the winning bidder(s) 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 the time of closing, on or before October 13, 2021. Bidding is NOT subject to financing or any other contingencies. Possession of Tracts 1 - 11 will be given at the time of closing, subject to the current crop tenancy for the 2021 crop year only. Possession of Tract 12 (residence and farm buildings) is February 1, 2022. Once the 2021 crop is harvested and after closing, the new buyer will have all rights to the property. All tracts sell with full farming rights for the 2022 planting season. Title insurance in the full amount of the purchase price will be provided by the seller. The 2021 real estate taxes, due and payable in 2022, will be paid by the seller, with the 2022 and all subsequent real estate taxes to be paid by the buyers.

All announcements made sale day take precedence over 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, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold "AS IS".

Helen Cannon Trust
C/O BRADY EVANS | US BANK

Auction Managers:
Kevin Haas (309) 264-7767
Dale Jones (309) 299-6400

Attorneys:
C. Clark Germann & Michael C. Connelly | Sorling Northrup
1 North Old State Capitol Plaza | Suite 200 | P.O. Box 5131
Springfield, IL 62705
Phone 217.544.1144 | Fax 217.522.3173

Tract 1 - 98.255 Surveyed Acres

Lot # 1 (Sale Order: 2 of 14)

Quantity: 98

Livingston County

FSA records indicate approximately 96.08 NHEL cropland acres
Soil Productivity Index (PI): 123.8
Soil types to include: Bryce, Mokena, Ashkum & Andres
Access is along the west side from N 2400 E Rd and along the south side from E 3100 N Rd

The purchase agreement will be adjusted to a quantity of 98.255 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$10,000.00 x 98 = $980,000.00 Total

Documents & Agreements

Lot # 0A (Sale Order: 3 of 14)

Tract 3 - 90.10 Surveyed Acres

Lot # 3 (Sale Order: 4 of 14)

Quantity: 90

Livingston County

FSA records indicate approximately 90.45 NHEL cropland acres
Productivity Index (PI): 127.9
Soil types include: Ashkum, Andres & Peotone
Access is along the west side from N 2400 E Rd and along the south side from State Rt 17

The purchase agreement will be adjusted to a quantity of 90.10 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$11,700.00 x 90 = $1,053,000.00 Total

Tract 2 - 98.255 Surveyed Acres

Lot # 2 (Sale Order: 5 of 14)

Quantity: 98

Livingston County

FSA records indicate approximately 96.95 NHEL cropland acres
Productivity Index (PI): 120
Soil types to include: Bryce, Mona, Mokena & Swygert
Access is along the south side from E 3100 N Rd

The purchase agreement will be adjusted to a quantity of 98.255 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$9,000.00 x 98 = $882,000.00 Total

Tract 4 - 90.10 Surveyed Acres

Lot # 4 (Sale Order: 6 of 14)

Quantity: 90

Livingston County

FSA records indicate approximately 90.45 NHEL cropland acres
Productivity Index (PI): 127.5
Soil types include: Ashkum, Chenoa & Andres
Access is along the south side from State Rt 17

The purchase agreement will be adjusted to a quantity of 90.10 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$11,700.00 x 90 = $1,053,000.00 Total

Tract 5 - 105.275 Surveyed Acres

Lot # 5 (Sale Order: 7 of 14)

Quantity: 105

Livingston County

FSA records indicate approximately 103.59 NHEL cropland acres
Productivity Index (PI): 130.9
Soil types include: Andres & Ashkum
Access is along the west side from N 2400 E Rd and along the north side from E 3300 N Rd

The purchase agreement will be adjusted to a quantity of 105.275 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$11,700.00 x 105 = $1,228,500.00 Total

Tract 6 - 105.275 Surveyed Acres

Lot # 6 (Sale Order: 8 of 14)

Quantity: 105

Livingston County

FSA records indicate approximately 101.98 NHEL cropland acres
Productivity Index (PI): 127.2
Soils types include: Ashkum, Elliott & Chenoa
Access is along the north side from E 3300 N Rd

The purchase agreement will be adjusted to a quantity of 105.275 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$11,700.00 x 105 = $1,228,500.00 Total

Tract 7 - 81.38 Surveyed Acres

Lot # 7 (Sale Order: 9 of 14)

Quantity: 81

Grundy County

FSA records indicate approximately 78.92 NHEL cropland acres
Productivity Index (PI): 126.8
Soil types include: Ashkum & Elliott
Access is along the west side from CR 2000 W (Zabel Rd) and along the north side from CR 11000 S (Scully Rd)

The purchase agreement will be adjusted to a quantity of 81.38 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$10,800.00 x 81 = $874,800.00 Total

Tract 8 - 80.23 Surveyed Acres

Lot # 8 (Sale Order: 10 of 14)

Quantity: 80

Grundy County

FSA records indicate approximately 78.92 NHEL cropland acres
Productivity Index (PI): 127.3
Soil types include: Ashkum, Elliott & Andres
Access is along the north side from CR 11000 S (Scully Rd)

The purchase agreement will be adjusted to a quantity of 80.23 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$9,750.00 x 80 = $780,000.00 Total

Tract 9 - 65.24 Surveyed Acres

Lot # 9 (Sale Order: 11 of 14)

Quantity: 65

Grundy County

FSA records indicate approximately 64 NHEL cropland acres
Productivity Index (PI): 128.9
Soil types include: Reddick & Ashkum
Access is along the east side from CR 4000 E (S Gorman Rd)

The purchase agreement will be adjusted to a quantity of 65.24 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$13,400.00 x 65 = $871,000.00 Total

Tract 10 - 88.44 Surveyed Acres

Lot # 10 (Sale Order: 12 of 14)

Quantity: 88

Grundy County

FSA records indicate approximately 85 NHEL cropland acres
Productivity Index (PI): 128.9
Soil types include: Reddick & Ashkum
Access is along the east side from CR 4000 E (S Gorman Rd)

The purchase agreement will be adjusted to a quantity of 88.44 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$13,400.00 x 88 = $1,179,200.00 Total

Tract 11 - 48.05 Surveyed Acres

Lot # 11 (Sale Order: 13 of 14)

Quantity: 48

Grundy County

FSA records indicate 44.76 NHEL cropland acres
Productivity Index (PI): 128.9
Soil types include: Reddick & Ashkum
Access is along the west side from CR 4000 E (S Gorman Rd)

The purchase agreement will be adjusted to a quantity of 48.05 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

$10,500.00 x 48 = $504,000.00 Total

Tract 12 - 3.57 Surveyed Acres - Including a well-maintained country home

Lot # 12 (Sale Order: 14 of 14)

Grundy County

Private country setting!
Nice park-like lawn w/ many trees!
Room for horses/livestock!
Outbuildings & grain storage!

2-story country home located at 8235 S Gorman Rd, Gardner, IL 60424:

5 bedrooms (1 non-conforming)
2 baths
LP gas forced-air furnace
Central A/C
LP tankless water heater
Well insulated exterior walls
Metal roof
Vinyl siding
Newer windows
Partial basement
Single phase electricity

Detached Garage/Shop Building:

26'x40'
3 overhead doors
Concrete floor
Floor drain

Brock Grain Bin:

36' - 8 ring
20,000 bu. capacity
Aeration floor
7.5 hp fan

No appliances or personal property is being conveyed with the house and buildings located on Tract 12.

This tract will be sold for a lump sum, total dollar amount.

Search Catalog :

Sort By :

Go to Lot :

Go to Page :

Per Page :

Pg : 1 of 1

1.178.0.771.56c32e2.13.94

Bid Range	Increment
$0.00 - $14,999.99	$100.00
$15,000.00+	$1,000.00

Category

Selling Format

Major Central Illinois Land Auction - Cannon Trust

Major Central Illinois Land Auction - Cannon Trust

Method and Terms

Tract 1 - 98.255 Surveyed Acres

Documents & Agreements

Tract 3 - 90.10 Surveyed Acres

Tract 2 - 98.255 Surveyed Acres

Tract 4 - 90.10 Surveyed Acres

Tract 5 - 105.275 Surveyed Acres

Tract 6 - 105.275 Surveyed Acres

Tract 7 - 81.38 Surveyed Acres

Tract 8 - 80.23 Surveyed Acres

Tract 9 - 65.24 Surveyed Acres

Tract 10 - 88.44 Surveyed Acres

Tract 11 - 48.05 Surveyed Acres

Tract 12 - 3.57 Surveyed Acres - Including a well-maintained country home