SOLD! $8,500.00 PER ACRE
TOTAL – $1,275,000.00
150 ACRES • 1 TRACT
FRIDAY, OCTOBER 19, 2018 AT 10:00 A.M.
Auction Venue: The VFW Post 1921, 1200 E Jefferson St, Macomb, IL 61455
Location & General Information
Land is located 6 miles southeast of Macomb, IL in Section 25, T5N•R2W, Scotland Township, McDonough County, Illinois.
Land represents productive tillable farmland!
- FSA figures indicate 145.69 acres of NHEL cropland
- Soil types: Greenbush, Ipava, Fishhook, Sable and a few other smaller soil complexes
- Productivity Index (PI): 124.2
- Improvements to this farm include recent dry dams and field tile.
- All weather blacktop road (#N700th Rd) runs along the entire south side of the farm
Investors & farmers…be sure to check out this nearly 100% tillable McDonough County, IL farm!
Method & Terms
The farm will be sold on a price per acre basis, based on 150 acres. 10% of the bid price will be due the day of the auction, with the balance due in approximately 30 days, on or before November 19, 2018. An owner’s policy of title insurance in the full amount of the purchase price will be provided by the seller. The 2018 real estate taxes, due and payable in 2019, will be paid by the seller. The 2019 real estate taxes & subsequent years will be paid by the new buyer. Full possession will be given at the time of closing, subject only to the current tenant in possession for the 2018 crop year. Farm sells free and clear for 2019. Buyer acknowledges that the sellers are executing a “1031 Like-Kind Exchange.”
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”.
STEVE & CATHY ONION
Auction Managers: Dan Sullivan (319) 795-1833 & Michael Sullivan (309) 333-0916
Attorney: John B. McMillan
McMillan, Hennenfent, DeJoode & Humbert, P.C.
402 E Jackson, Macomb, IL 61455