Tract Information & Terms of Sale

PREMIERE TIMBER SELLING IN 1 TRACT!


The Josephson property consists of 124.18 surveyed acres located southeast of Lake Bracken, 5 miles south of Galesburg in Section 13, Cedar Township (T.10N.-R.1E), Knox County, Illinois.
 

Physical Address: 985 Macomb Road, Galesburg, IL 61401
 

DESCRIPTION: This is a rare opportunity to purchase a large tract of investment quality timber that offers excellent hunting and recreation! The timber has been untouched for several generations until a very selective harvest was completed last winter. The harvested trees averaged 1.4 trees per acre and the majority were in the bottom near the creek. All trees cut were mature and larger than 20 inches D.B.H. (diameter breast height), unless they were removed to allow larger trees to be harvested. Several trails were created and tree tops left for wildlife cover. It has been estimated that mature timber will be available for harvest in 10-15 years.

*The purchase agreement will be adjusted to 124.18 acres times the per acre bid price to determine the final purchase amount. The bidding platform rounds the quantity value.


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 July 8, 2022. Buyers will receive full possession at the closing. Title insurance will be provided. The 2021 real estate taxes payable in 2022 will be paid by the sellers.

Bidders must have financing arrangements made prior to participating in the auction. All statements and representations herein are believed to be correct, however, the sellers and the auctioneers make no warranties or guarantees expressed or implied. Any announcements made on the day of sale will supersede those previously advertised.

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:  CHARLES M. AND MARY C. JOSEPHSON, LLC
                  Cynthia Dyte, Agent
 

ATTORNEY:  George Hennenfent - McMillan, Hennenfent & DeJoode
                       120 North Main St. - Roseville, IL 61473 - Ph. 309-426-2176

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.