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ILLINOIS LAND AUCTION
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5 Farms, 673+/- Acres offered in 7 Tracts
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650+/- Acres Tillable Land
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Investment Quality Tillable Parcels
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Excellent Income Potential!
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Online Bidding Available
ILLINOIS LAND AUCTION, 5 Farms, 673+/- Acres offered in 7 Tracts
Ford, Iroquois & Vermilion Counties, Illinois
Owner: Midway Investment Holdings LLC Mon, Nov 17, 2014 EASTERNAUCTION IS OVER
TOTAL SOLD: $3,865,000
| Tract(s): 1 | @ $675,000 | ($8,653/acre) |
| Tract(s): 2-5 | @ $2,650,000 | ($8,255/acre) |
| Tract(s): 6 | @ $540,000 | ($7,941/acre) |
OPEN HOUSE/INSPECTION DATES
October 29th from 3-5pm
PROPERTY LOCATION
Farm #A - FORD COUNTY, IL: From intersection of State Road 9 & State Road 115 just west of Paxton, IL go north on State Road 115 for 3.9 miles to Co Rd 800 N then turn west (left) go 2.3 miles to property.
Farm #B - IROQUOIS COUNTY, IL: From intersection of St Rd 1 and Jones Street in Milford, IL go west on Jones Street which turns into Co Rd 9 then into Co Rd 1000 N for 4 miles then turn south (left) on to Co Rd N 1900 East go 1/2 mile to Farm on right side of road.
Farm #C - IROQUOIS COUNTY, IL: From downtown Cissna Park, IL travel south on State Road 49 for 1 1/2 miles to Co Rd 400 N turn east (Left) on Co Rd 400 N go 0.7 miles to property on left side.
Farm #D - IROQUOIS COUNTY, IL: From downtown Cissna Park, IL travel south on State Road 49 for approximately 3 miles to Co Rd 300 N (Iroquois County 10) turn west (right) go 0.7 miles to farm on right side.
Farm #E - VERMILION COUNTY, IL: From intersection of US Hwy 136 and Potomac Collision Road in Potomac, IL, go south on Potomac Collision Road for 1.4 miles to Co Rd 2900 N turn west (right) on Co Rd 2900 N go 0.4 miles to property on right side.
AUCTION LOCATION
THE LINDEN BANQUET CENTER, 224 W. Wheat Ave., Rantool, IL 61866.
From the intersection of Hwy 45 and Wheat Ave. (1.5 miles south of downtown Rantool) travel east on Wheat Ave 1/5 mile to the Banquet Center on the South Side of the Road.
TRACT DESCRIPTIONS
Tract 1:
78± ac
FARM A - FORD COUNTY, IL - all tillable with road frontage on CR 800 N. Primarily Rutland and Elliott soils.
Tract 2:
90± ac
FARM B - IROQUOIS COUNTY, IL - all tillable with road frontage on CR 1850 E. and CR 1900 E. Primarily Swygert and Bryce soils.
Tract 3:
65± ac
all tillable with road frontage on 3 sides. Primarily Swygert and Bryce soils.
Tract 4:
94± ac
Farm C - IROQUOIS COUNTY, IL - all tillable with road frontage on CR 1300 E. Primarily Bryce and Martinton soils.
Tract 5:
75± ac
all tillable with road frontage on CR 400 N. There is an open ditch along the east end. Primarily Bryce and Martinton soils.
Tract 6:
68± ac
Farm D - IROQUOIS COUNTY, IL - with approximately 56 acres tillable (FSA), and border of an open ditch . Road frontage on CR 300 N. Primarily Bryce and Rutland soils.
Tract 7:
203± ac
Farm E - VERMILION COUNTY, IL - all tillable with frontage on CR 2900 N. Primarily Elliot, Ashkum, and Blount soils.
ONLINE BIDDING AVAILABLE: You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Kevin Jordan at Schrader Auction Co. - 800-451-2709.
Contact Auction Company for a detailed information booklet including FSA Summaries, Soil Maps, Assessments, Tax Info. and other information.
AREA MAP
TRACT MAP(S)
Tract 1
Tracts 2 & 3
Tracts 4 & 5
Tract 6
Tract 7
AREA MAP(S)
PROCEDURES: The property will be offered in 7 individual tracts, any combination of tracts, or as a total unit. There will be open bidding on all tracts and combinations during the auction. Bids on tracts, tract combinations and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide a preliminary title insurance commitment to review prior to auction. Seller agrees to furnish Buyers, at Sellers expense, an updated Owners Policy of Title Insurance prior to Closing.
DEED: Seller shall provide a Warranty Deed.
CLOSING: Closing will take place on or before Monday, December 29th, 2014. POSSESSION: Possession will be delivered at closing with regards to tenants rights of removing the 2014 crop.
REAL ESTATE TAXES: Seller to pay real estate taxes for 2014 due 2015. Buyer to pay 2015 taxes due 2016 and all taxes thereafter.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be provided where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acres.
FSA INFORMATION: See Agent.
EASEMENTS: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.
AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decision of the Auctioneer is final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER.
