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  • STARTSep 7th - 5:00pm

  • VENUEPrinceville Heritage Museum

Major Stark & Peoria County, IL Land Auction

Wednesday, September 7, 2016 at 5:00 P.M.

SOLD! TRACT 1 – $11,000.00 PER ACRE

SOLD! TRACT 2 – $7,000.00 PER ACRE

SOLD! TRACT 3 – $11,500.00 PER ACRE

SOLD! TRACT 4 – $5,200.00 PER ACRE

SOLD! TRACT 5 – $4,700.00 PER ACRE

SOLD! TRACT 6 – $9,250.00 PER ACRE

SOLD! TRACT 7 – $2,600.00 PER ACRE

SOLD! TRACT 8 – $2,125.00 PER ACRE

SOLD! TRACT 9 – $65,000.00 LUMP SUM

TOTAL – $4,467,830.75

Sale to be held at the Princeville Heritage Museum, 325 N. Ostrom, Princeville, IL.

CLICK HERE TO “FLIP” THROUGH THE AUCTION BROCHURE:

 

 

 

 

 

 

 

 

 

LOCATION & GENERAL INFORMATION

The Lambert Bros. farms are located in the heart of Central Illinois, northwest of Princeville (North of Peoria, IL).  Land is further described as being located in Sections 27 & 35 of West Jersey Township, Stark County, IL and Sections 1 & 2 of Millbrook Township, Peoria County, IL.  Farm to be sold in 9 tracts.

Several of the tracts represent some of the most productive farmland in Illinois with Productivity Indexes in the 130 – 135 range (Class A soils).

Other tracts offer premier whitetail deer and wild turkey hunting land, combined with tillable acres which offers a considerable amount of income.

 

AERIAL TOUR

 

Click on any of the following images to enlarge.

 

PLAT MAP

 

AERIAL MAPS

 

 

TRACT 1 – 28.17 ACRES ±

  • FSA figures should indicate approximately 26.92 acres of tillable cropland.
  • Productive soil types include: Ipava & Osco.
  • PI rating: 136.3
  • Nearly 100% tillable!
  • Access is along the north by County Road 200N and along the west by County Road 300E.

 

TRACT 2 – 65.73 ACRES ±

  • FSA figures should indicate approximately 63.33 acres of tillable cropland.
  • Productive soil types include: Assumption, Osco & Ipava.
  • PI rating: 120.8
  • Nearly 100% tillable!
  • Access is along the north by County Road 200N.

 

TRACT 3 – 76.07 ACRES ±

  • FSA figures should indicate approximately 74.85 acres of tillable cropland.
  • Productive soil types include: Osco, Ipava, Elkhart, Greenbush, Assumption & Clarksdale.
  • PI rating: 133.8
  • Nearly 100% tillable!
  • .7 acres are currently enrolled in CRP with a payment rate of $220.80 per acre, for an annual payment of $155.00. The CRP contract expires Sept. 30, 2022.
  • Access is along the north by Duncan Road and by way of 40′ easement at the southeast portion of this tract.

 

TRACT 4 – 84.13 ACRES ±

  • FSA figures should indicate approximately 71.96 acres of tillable cropland, with the balance in a pond and wooded areas.
  • Soil types include: Greenbush, Lawson, Elco, Hickory & Clarksdale.
  • PI rating: 118.1 on the tillable portion.
  • Access is on the east by County Road 500E and by way of a 40′ easement.

 

TRACT 5 – 105.82 ACRES ±

  • FSA figures should indicate approximately 70.03 acres of NHEL tillable cropland, with the balance in wooded draws.
  • Soil types include: Rozetta, Keomah, Greenbush and Fayette.
  • PI rating: 117.8 on the tillable portion.
  • Nice combination tract with income producing tillable acres and wildlife habitat.
  • Access is by way of a 40′ easement.

 

TRACT 6 – 140.66 ACRES ±

  • FSA figures should indicate approximately 136.6 acres of NHEL tillable cropland.
  • Productive soil types include: Ipava, Rozetta, Elkhart, Osco, Greenbush & Keomah.
  • PI rating: 130.7
  • Nearly 100% tillable!
  • Access is along the west by County Road 400E and along the east by way of a 40′ easement.

 

TRACT 7 – 86.67 ACRES ±

  • FSA figures should indicate approximately 46.32 acres of NHEL tillable cropland, with the balance in wooded draws and timber.
  • Soil types include: Rozetta, Elco & St. Charles.
  • PI rating: 107.7 on the tillable portion.
  • Nice combination tract with income producing tillable acres and wildlife habitat.
  • Access is by way of a 40′ easement.

 

TRACT 8 – 139.38 ACRES ±

  • FSA figures should indicate approximately 81.8 acres of NHEL (small portion of HEL) tillable cropland, with the balance in wooded draws and timber.
  • Productive soil types include: Sawmill, Lawson, Rozetta, Fayette & St. Charles.
  • PI rating: 131.3 on the tillable portion.
  • Nice combination tract with income producing tillable acres and wildlife habitat.
  • Access is by way of a 40′ easement.

 

TRACT 9 – 5.28 ACRES ±

  • This tract is improved with over 50,000 bu. of grain storage consisting of (5) bins and a grain leg that supplies grain to all of the bins.
  • Tract 9 is also improved with a 42′ x 65′ pole barn, 40′ x 85′ pole barn with a 25′ x 40′ concrete floor shop area and other outbuildings.
  • Water and electricity are available.
  • Access is along the east by County Road 500E.

 

SOIL MAPS

 

METHOD & TERMS

A survey has recently been completed. Tracts 1 – 8 will be sold on a price per acre basis, based on the recently surveyed acres. 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 tracts for their high bid. “Buyer’s Choice” auctioning will continue until Tracts 1 – 8 have been sold. Tract 9 will be offered last and sold for a “lump sum” total dollar amount. The farm will NOT be offered in its entirety at the conclusion of the auction or in any combinations.

Ten percent (10%) of the bid price to be paid on the day of sale, with the balance due at the time of closing. Closing will be within 30 days, on or before Friday, October 7, 2016. Title insurance will be issued in the full amount of the purchase price. The 2016 real estate taxes will be paid by the sellers, as they are retaining the 2016 cash rent income. Possession will be given at the time of closing, subject only to the current farm tenant’s rights for the 2016 crop year. The farm sells free and clear for the 2017 crop year.

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 pertaining to this property. Real estate is being sold “AS IS”.

FOR ADDITIONAL INFORMATION REGARDING THE FARM, CONTACT

KEVIN HAAS (309) 264-7767

OR ATTEND A PUBLIC SHOWING HEADQUARTERED AT TRACT 9 ON

SATURDAY, AUGUST 27TH • 12:00 NOON – 1:30 P.M.

 

Lambert Bros. Farm

 

REPRESENTING ATTORNEYS:

KENNY EATHINGTON

Quinn, Johnston, Henderson, Pretorius & Cerulo

227 N.E. Jefferson Street • Peoria, IL 61602

Ph: (309) 674-1133

 

ROBERT POTTS

Whitney & Potts, Ltd.

118 West Main St. • PO Box 368 • Elmwood, IL 61529

Ph: (309) 742-3611

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Details

Date:
September 7, 2016
Time:
5:00 pm - 11:00 pm
Categories:
,

Venue

Princeville Heritage Museum
325 N. Ostrom, Princeville, IL, 61559, United States.
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