• Real Estate Sells Regardless of Price! • Golf Course Investors • Developers/Builders • Farmers - Possible conversion back to farmland • Recreational Buyers - Possible hunt or sportsmans club • An Investment You Can Truly Enjoy!
Crane Creek Golf Course Absolute Auction - 374+/- Acres Offered in 5 Tracts
Kilbourne, Illinois - Less than 1 Hour from Springfield, Peoria & Bloomington, IL
Owner: Crane Creek Limited Partnership Tue, Feb 21, 2012 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
INFORMATION DATE:
Wednesday, February 1st
10:00AM - 12:00PM
Be sure to attend the auction preview date at the Crane Creek Golf Course Clubhouse to meet with a Murray Wise Associates representative, discuss the auction process, and view this fine offering.
PROPERTY LOCATION
Crane Creek Golf Course
24205 E 700 N, Kilbourne, IL 62655
AUCTION LOCATION
Crane Creek Golf Course Clubhouse
PROPERTY DESCRIPTION
Crane Creek Golf Course is located in scenic Mason County, Illinois situated only 28 miles from Springfield and 50 miles from Peoria. The former Christmas tree farm turned golf course is ranked in the top 20 public and private Illinois golf courses by GolfLink.coms Best Illinois Golf Courses. The course spans 246 acres across auction Tracts 3, 4 and 5 and boasts five sets of tees with the championship tees measuring just less than 7,400 yards with a course rating of 74.7. The 3,200 square foot clubhouse on Tract 5 features a pro shop, kitchen with bar area, a banquet room, and a managers efficiency apartment.
Additional development potential lies in Tract 3 where 26 potential building sites have been recorded in a platted subdivision that compliments the course layout. Each site offers stunning views of the course.
Hunters and farmers should also take note of the 101+/- acre mix of tillable ground, CRP and timber. Gently rolling Tract 2 offers a mixture of open grasses and timber and is currently enrolled in the CRP program. Tract 1 boasts 24+/- acres of tillable farmland along with some timber and grasses. Do not rule out the possibility of converting the course back to productive farmland, pasture ground, or a premium recreational/hunting property. Come and place your bid on this exclusive and unique property!
TRACT DESCRIPTIONS
Tract 1: 40± ac with 24+/- tillable acres and partially wooded
Tract 2: 61± ac of pasture and timber currently enrolled in CRP program
Tract 3: 97± ac with the front 9 holes of the golf course and 26 surveyed building sites
Tract 4: 133± ac with the back 9 holes of the golf course including an out building and additional potential home sites
Tract 5: 16± ac including the clubhouse, maintenance building and driving range
AREA MAP
TRACT MAP(S)
PLAT MAP(S)
Tract 3 Platted Subdivision
AREA MAP(S)
PROCEDURE: The property will be offered in 5 individual tracts, any combination of tracts, or as a whole property. The auction will be absolute and the property will be sold in the manner resulting in the highest bidder or combination of bidders, regardless of final sale price. All successful bidders will sign a purchase agreement at the auction site immediately following the close of bidding.
DOWN PAYMENT: A 10% non-refundable down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashiers check. The balance of the contract purchase price is due in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
POSESSION: Possession will be given at closing, subject to the remaining rights of the current tenants, if any.
BUYER BROKER PARTICIPATION: A commission will be paid to any properly licensed Buyer Broker who registers a successful buyer according to the Broker Participation Guidelines. Broker Registration Forms are available from the Auction Information Office.
CLOSING: Closing shall occur 20 days after auction.
TITLE: Seller shall provide, through Attorneys Title Guaranty Fund Inc., an Owners Policy of Title Insurance in the amount of the purchase price, and shall execute a proper deed conveying the real estate to the Buyer(s). Seller shall pay the premium of the title insurance policy.
REAL ESTATE TAXES AND ASSESSMENTS: The 2011 calendar year taxes payable in 2012 on said Property shall be paid by the Owner. The 2012 calendar year taxes payable in 2013 shall be prorated to the date of closing. Prorations will be based on the most recent attainable tax receipts. Buyer(s) will be responsible for all subsequent taxes.
EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record and any and all government leases. The farm lease on tract one is open for 2012.
SURVEY: AT THE SELLERS OPTION, the seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey will be determined solely by the Seller. The Seller will pay 100% of the cost if a survey is needed. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if the new survey is determined to be necessary by the Seller.
MINERAL RIGHTS: The sale shall include all mineral rights owned by the Seller, if any.
AGENCY: Murray Wise Associates LLC 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 agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an 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 believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
SELLER: Crane Creek Limited Partnership
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