Tazewell County, IL Land Auction – Alt-Roecker

Alt Roecker_Calendar

Wednesday, October 26, 2022 - 10:00 am Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at

(844) 847-2161

Location

Tazewell County, Illinois

Farms are located in Section 31, T25N•R3W, Morton Township, Tazewell County, IL.

Alt Roecker_Calendar

Seller

Alt-Roecker Farm

Managed By

Kevin Haas (309) 264-7767

General Information

175.74 Acres± (Subject to Survey) • 2 Tracts

Location & General Information

The Alt-Roecker Farm is located approximately 2 miles south of Morton, IL, adjacent to and on the west side of I-155 at the Broadway Road exit. The land is located in Section 31, T25N-R3W, Morton Township, Tazewell County, IL.

The farm contains a total of 175.74 acres (subject to survey), will be sold in 2-tracts, and both tracts are nearly all-tillable with highly productive soils.  

Farmers and investors, the Alt-Roecker Farm is one of the nicest farms in Tazewell County, IL. Be sure to check out these investment quality tracts of land.

Tract Information

TRACT 1 - 88 ACRES (SUBJECT TO SURVEY)

  • FSA records should indicate approximately 88.5 NHEL cropland acres (split field)
  • Access along the south side from Broadway Rd
  • Productivity Index (PI): 141.7 (Class A)
  • Soil types include Ipava, Sable and Buckheart
  • Broadway Road (County Rd 1700 N) borders along the south side

TRACT 2 - 88 ACRES (SUBJECT TO SURVEY)

  • FSA records should indicate approximately 88.5 NHEL cropland acres (split field)
  • Access along the south side from Broadway Rd
  • Productivity Index (PI): 142.0 (Class A)
  • Soil types include Ipava, Sable and Buckheart
  • Broadway Road (County Rd 1700 N) borders along the south side and I-155 along the east side (no access off 155)

Method & Terms

Both tracts will be sold on a price per acre basis, based on the soon to be completed surveyed acres.  Both tracts will be sold through the marketing method of “Buyers Choice,” whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, then the remaining tract will be offered. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer 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 closing. The balance of the purchase price will be due at closing which will take place on or before November 30, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Buyer will be responsible for the 2023 and all subsequent RE taxes. Possession will be given at the time of closing, subject to any remaining crop tenancy 2022. Seller is retaining all the 2022 farm income. The farm sells free & clear of crop tenancy for the 2023 crop year.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website 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”.

SOIL TEST RESULTS

Tracts               pH      P#/A     K#/A

West Half        6.1      96         401
East Half         Unavailable

YIELD HISTORY

5 Year Yield History

Corn - 216 bu/acre
Beans - 76.6 bu/acre

FSA INFORMATION

REAL ESTATE TAX INFORMATION

PIN 06-06-31-400-001 - 175.74 Acres - $8,722.78

Plat Map

Aerial Map

SOIL MAPs

Subject Photos

Alt-Roecker Farm - Seller

 

Representing Attorney: James W. Benckendorf
100 North Main Street | Morton, IL 61550
Phone: (309) 266-6121
Fax: (309) 266-8759

 

Auction Manager:

Kevin Haas (309) 264-7767