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  • STARTNov 21st - 10:00am

  • VENUEThe American Legion

Huge Moultrie County, IL Land Auction

Sold! Tract 1 – $10,500 Per Acre

Sold! Tract 2 – $10,500 Per Acre

Sold! Tract 3 – $35,000 Lump Sum

Sold! Tract 4 – $40,000 Lump Sum

Sold! Tract 5 – $11,200 Per Acre

Sold! Tract 6 – $40,000 Lump Sum

Sold! Tract 7 – $9,000 Per Acre

Sold! Tract 8 – $6,700 Per Acre

Sold! Tract 9 – $5,700 Per Acre

Sold! Tract 10 – $10,500 Per Acre

Total – $6,811,412.00 

863.73 ACRES± • 10 TRACTS

TUESDAY, NOVEMBER 21, 2017 AT 10:00 A.M.

AUCTION VENUE: AMERICAN LEGION, 8 E. STRAIN STREET, SULLIVAN, IL 61951

 

CLICK HERE TO FLIP THROUGH AUCTION BOOKLET:

 

LOCATION & GENERAL INFORMATION

All of the Elder farms are located in close proximity to Sullivan, IL.

Tracts 1 – 4 are located at the south edge of Sullivan, IL and is further described as being in Section 11, T13N•R5E, South Part Sullivan Township. From the Jct. of Hwy. 121 & Hwy. 32, go south on Hwy. 32 approx. 1 1⁄4 miles.

Tracts 5 & 6 are located near the southwest edge of Sullivan, IL and are further described as being in Section 2, T13N•R5E, South Part Sullivan Township. From the Jct. of Hwy. 121 & Hwy. 32, take Hwy. 121 west 1⁄2 mile to Market Street, then left or south 1⁄4 mile.

Tracts 7 & 8 are located approx. 5 miles northwest of Sullivan, IL and are further described as being in Section 36, T14N•R4E, Marrowbone Township. From the Jct. of Hwy. 121 & Hwy. 32, take Hwy. 121 west approx. 5 miles to CR 1475N, then left or south approx. 1⁄2 mile. Please note: Tract 8 is located a short distance south and west of Tract 7 and currently has no access.

Tract 9 is located west of Sullivan, IL on Hwy. 121 approx. 1 1⁄4 miles to Hwy. 32, then north 3 1⁄2 miles to CR 1750, then left or west 1⁄2 mile, then right or north 1⁄4 mile, then left or west 1 mile. Tract 9 is further described as being in Sections 17, 19 & 20, T14N•R5E, North Part Sullivan Township.

Tract 10 is located west of Sullivan, IL on Hwy. 121 approx. 11⁄4 miles to Hwy. 32, then right or north approx. 5 miles and is further described as being in Sections 3, 4 & 9, T14-15N•R5E, South Part Lovington Township.

Watch closely for directional & tract signs posted on each tract.

 

TRACT INFORMATION

Tract 1 – 135.0 Acres

  • PIN 08-08-11-000-306­
  • FSA figures list this farm as 100% tillable
  • Highly productive soils: Flanagan, Drummer-Milford and a small portion of Dana
  • Productivity Index: 140.1
  • The east 80 acres is zoned light industrial
  • The west 55 acres is zoned agricultural
  • City water available
  • Access from Road 1200N
  • Being sold subject to an existing cash rent lease with Sager Farms Inc. for the ’18 crop year

 

Tract 2 – 34.14 Acres

  • PIN 08-08-11-402-055, 08-08-11-402-056, 08-08-11-402-057
  • FSA figures list this farm as 100% tillable
  • Highly productive soils: Flanagan and Drummer-Milford
  • Productivity Index: 142.9
  • Zoned light industrial, lies within TIF District #2 and is in the city limits of Sullivan, IL
  • City utilities available
  • Access from Road 1200N and IL Rt. 32
  • Being sold subject to an existing cash rent lease with Sager Farms Inc. for the ’18 crop year

 

Tract 3 – 0.5 Acres

  • PIN 08-08-11-402-055, 08-08-11-402-056, 08-08-11-402-057
  • Improvements include an older 60’x60′ barn w/ loft
  • Lies in the city limits and within TIF District #2
  • City utilities available
  • Access from IL Rt. 32 and from Hydro Gear Dr.
  • Sells for a “lump sum” total dollar amount

 

Tract 4 – 2.85 Acres

  • PIN 08-08-11-401-006
  • FSA figures list this farm as 100% tillable
  • Highly productive soils: Flanagan and Drummer-Milford
  • Productivity Index: 143.8
  • Zoned light industrial
  • Lies in the city limits and within TIF District #2
  • City utilities available
  • Access by way of an easement on the southeast corner
  • Being sold subject to an existing cash rent lease with Sager Farms Inc. for the ’18 crop year
  • Sells for a “lump sum” total dollar amount

 

Tract 5 – 18.86 Acres

  • PIN 08-08-02-000-342
  • FSA figures indicate approx. 18 acres tillable
  • Highly productive soils: Flanagan and Drummer-Milford
  • Productivity Index: 141.7
  • East part zoned medium density residential, with the balance zoned light industrial
  • City utilities to include electric, gas & water
  • Access along the south and east sides
  • Being sold subject to an existing cash rent lease with Sager Farms Inc. for the ’18 crop year

 

Tract 6 – 1.83 Acres

  • PIN 08-08-02-000-342
  • Improvements include an older 1344 sq. ft. house with 2 bedrooms, single bath, crawl space and a concrete block structure. There are other older outbuildings.
  • Zoned medium density residential
  • City utilities to include electric, gas & water (this home also has its own private septic system)
  • There is a small amount of tillable acres which are being sold subject to the existing cash rent lease with Sager Farms Inc. for the ’18 crop year
  • Access is along the south and east sides
  • Sells for a “lump sum” total dollar amount

 

Tract 7 – 40.25 Acres

  • PIN 04-04-36-000-203
  • FSA figures indicate 37.54 acres tillable
  • Soil types: Xenia and Senachwine
  • Productivity Index: 115.5
  • Zoned agricultural
  • Access off County Road 1475N
  • Being sold subject to an existing crop share lease with Ronald Robinson for the ’18 crop year

 

Tract 8 – 5.45 Acres

  • PIN 04-04-36-000-302
  • FSA figures indicate 5 acres tillable
  • Soil types: Xenia and Senachwine
  • Productivity Index: 114.3
  • Zoned agricultural
  • There is currently no legal access to this tract
  • Being sold subject to an existing crop share lease with Ronald Robinson for the ’18 crop year
  • Excellent opportunity to purchase a small tract of recreational land!

 

Tract 9 – 468.85 Acres

  • PIN 08-05-17-000-320, 08-05-17-000-408, 08-05-19-000-021, 08-05-20-000-100, 08-05-20-000-100, 08-05-20-000-112, 08-05-20-000-113, 08-05-20-000-117
  • FSA figures indicate approx. 363.25 acres of cropland. Please read the following information closely for the total tillable acres:
  • 54.3 acres were previously enrolled in CRP and have expired. These acres could potentially be re-enrolled as CRP acres in the future. Please contact the Moultrie Co. FSA office for details.
  • 27.61 acres enrolled in CRP with an annual payment of $7,658.00 through 9-30-26.
  • 4.5 acres enrolled in CRP with an annual payment of $901.00 through 9-30-24.
  • 4.2 acres enrolled in CRP with an annual payment of $552.00 through 9-30-20.
  • 272.6 acres of tillable farmland which sells with an open lease for ’18
  • The balance of this large and unique property consists of mature timber, meandering creeks and ideal food plot areas—making this one of the most attractive recreational properties in Central Illinois!
  • Improvements include a 3 room cabin built in 1950; 30’x68’ quonset shed built in 1970; and several additional outbuildings.
  • There are approx. 18 acres zoned C3 (Resort Commercial District), with the balance zoned agricultural
  • Access is along the entire north side and off the southeast corner by Road 775E

 

Tract 10 – 156.0 Acres

  • PIN 02-05-03-000-308, 02-05-04-000-400, 02-05-09-000-204, 02-05-10-000-104
  • FSA figures indicate approx. 81.04 acres of cropland. The following is a breakdown of the tillable acres:
  • 25.44 acres that have recently expired from CRP and could potentially be re-enrolled. Contact the Moultrie Co. FSA office for details.
  • 1.9 acres enrolled in CRP with an annual payment of $457.00 through 9-30-21
  • The balance of the tillable acres consists of approx. 53.7 acres sell free and clear for the ’18 crop year.
  • Check out this large, beautiful, combination tillable/recreational tract of Central Illinois land!
  • Zoned agricultural
  • Access is along the entire east side

 

METHOD & TERMS

Tracts 1, 2, 5, 7, 8, 9 & 10 will sell on a price per acre basis, based on the advertised acres. Tracts 3, 4 & 6 will sell for a “lump sum” total dollar amount. Tracts will sell in numerical order as listed and will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written offer to purchase and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing. The closing will be in approx. 30 days, on or before December 21, 2017. Title insurance in the full amount of the purchase price will be provided by the seller. The 2017 real estate taxes, due and payable in 2018, will be paid by the seller. The 2018 real estate taxes & subsequent years will be paid by the buyers. Some of the tracts sell subject to tenants rights for the 2018 crop year and other tracts sell free and clear. (Information pertaining to these tracts contained herein this brochure.)

Bidding is not contingent upon financing; all buyers must do their due diligence. This is a court ordered sale and sells subject to the court’s approval.

Prospective buyers may view the tracts at their convenience; although, please be respectful to the current tenants and their farming rights.

All announcements sale day shall take precedence over any 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 pertaining to the property. This real estate is being sold “as is”.

 


PLEASE NOTE: At the conclusion of the Elder Land Auction, we will have a separate auction of all oil, gas, or other fugacious minerals in and under the following described real estate: 315.4 acres that lie in Section 31, T14N•R5E, South Part Sullivan Twp. and Sections 35 & 36, T14N•R4E, Marrowbone Twp., all in Moultrie County IL.

ATTENTION: None of the above described 315.4 acres involved in the oil & gas auction are part of the 863.73 acres which we are selling.

For additional information, contact the auction manager: Kevin Haas (309) 264-7767

 


 

 

PLAT MAP

 

AERIAL MAPS

 

SOIL MAPS

 

PHOTOS

 

Robert V. Elder

Attorney:

Sam Postlewait

Hughes, Tenney & Postlewait, LLC

240 S Main St, Suite 200

Decatur IL 62523

217-428-5383

 

Oliver D. Elder

Attorney:

Brent Holmes

Heller, Holmes, & Associates, P.C.

1101 Broadway Ave

Mattoon IL 61938

217-235-2700

 

Closing Agent & Escrow Agent:
Central Illinois Title Company
145 S Water Street
Decatur IL

 

Auction Manager:  Kevin Haas (309) 264-7767

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Details

Date:
November 21
Time:
10:00 am - 11:55 pm
Categories:
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Venue

The American Legion
8 E. Strain Street, Sullivan, IL, 61951, United States.
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