Thursday, August 26, 2021 at 10:00 A.M.
72 Acres± (subject to survey) to be sold in 1 tract
Auction to be conducted as a virtual, online auction. No on-site bidding permitted.
If you need assistance with internet bidding, please contact our office at (844) 847-2161. Thank you.
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The Gilbert & Velma Miner farm contains 72 acres± (subject to survey) and will be sold in 1-tract. The land is located at the southwest edge of Mendon, IL. From the Cenex gas station on Highway 61 in Mendon, take State Street south ½ mile to the curve, then west a short distance to the property. Mendon is located approximately 12 miles north of Quincy, IL just off I-172/336/110. The property is further described as generally being located in the Southwest Part of Section 11, T1N-R8W, Mendon Township, Adams County, IL. The land offers many opportunities for farmers, investors and developers – be sure to check out this ideally located property with investment possibilities.
• 72 acres± (subject to survey)
• FSA maps indicate 71.23 cropland acres
• Soil Productivity Index (PI): 126.4
• Predominant soil types include: Bethalto, Greenbush, Bunkum and Caseyville
• City utilities including water and sewer (see website for map)
• County Road 220N borders the property on the south side & Potter Street partially on the north side
• Productive, nearly all tillable land with investment/development potential
Method & Terms
A survey of The Miner property will be completed prior to the auction and the farm will be sold by the acre based on the surveyed acres.
Immediately following the auction, the successful bidder will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until the closing. The balance of the purchase price will be due at closing which will be on or before October 1, 2021. The seller will pay the 2021 real estate taxes due and payable in 2022 and is retaining all the crop income for 2021. Title insurance in the full amount of the purchase price will be provided by the seller. Possession will be given at the time of closing subject to the 2021 crop tenancy.
Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal, or inspection.
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, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.
The Gilbert & Velma Miner Heirs
Jana Priepot & Sara Franklin
Auction Manager: John Sullivan (309) 221-6700