Lee County, IL Land Auction – Anderson

Anderson_Calendar

Thursday, September 08, 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

Lee County, Illinois

175 Acres (subject to survey) • 3 Tracts

Anderson_Calendar

Seller

Anderson Partnership

Managed By

Kevin Haas (309) 264-7767

General Information

Land is located in Section 31, T38N•R1E, Viola Township, Lee County, IL.

Location & General Information

The Anderson Partnership farm real estate, known locally as the Maier farm, is located approximately 5 miles northwest of Compton, IL, or 10 miles east of Amboy, IL, or 10 miles north of Mendota, IL, or 15 miles south of Rochelle, IL. The land is in the East Half of Section 31, T38N-R1E, Viola Township, Lee County, IL.

The farm contains a total of 175 acres (subject to survey) and will be sold in 3-tracts. All 3 tracts represent highly productive NHEL farmland with the vast majority having Class A soils.

Farmers and investors, be sure to check out these investment quality tracts of Lee County, IL farmland.

Tract Information

TRACT 1 - 40 ACRES (SUBJECT TO SURVEY)

  • FSA records should indicate approximately 39 cropland acres (split field)
    • Includes 0.80 CRP acres with an annual payment of $174, expires 9/30/2030
  • Productivity Index: 132.7 on tillable acres
  • Soil types include Harpster, Catlin and Wyanet
  • Access along the north side from Butler Hill Rd and along the east side from Brooklyn Rd

TRACT 2 - 80 ACRES (SUBJECT TO SURVEY)

  • FSA records should indicate approximately 77.22 cropland acres (split field)
    • Includes 1.99 CRP acres with an annual payment of $485, expires 9/30/2022
  • Productivity Index (PI): 135.8 (Class A)
  • Soil types include Catlin, Harpster and Drummer
  • Access along the east side from Brooklyn Rd

TRACT 3 - 55 ACRES (SUBJECT TO SURVEY)

  • FSA records indicate 54.98 cropland acres
    • Includes 0.42 CRP acres with an annual payment of $102, expires 9/30/2022
  • Productivity Index (PI): 139.2 (Class A)
  • Access along the east side from Brooklyn Rd

Method & Terms

The tracts will be sold on a price per acre basis, based on the surveyed acres.  All 3 tracts will be sold through the marketing method of “Buyers Choice,” whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts, then the remaining tract(s) will be offered.  This will continue until all of the tracts have been elected. 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 October 10, 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 2023 and all subsequent taxes. Possession will be given at the time of closing, subject to a cash rent lease for the 2022 crop year only. The seller is retaining all crop income for 2022. 

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”.

Real Estate Tax INFORMATION

Tract 1 - PIN 20-11-31-200-002 - 40.0 acres - $1253.36
Tract 2 - PIN 20-11-31-200-003 - 80.0 acres - $2817.44
Tract 3 - PIN 20-11-31-400-005 - 55.0 acres - $2447.16

Plat Map

Aerial Map

SOIL MAP

Photos

Anderson Partnership

 

Representing Attorney:

Michael S. Guilfoyle
Guilfoyle & Stevenson LLP
1316 Meriden St.
Mendota, IL 61342
(815) 539-6711
michael@guilfoyleandstevenson.com

 

Auction Manager:

Kevin Haas (309) 264-7767