Champaign County, IL Land Auction – Benckendorf

Friday, November 12, 2021 - 12:00 pm 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

SOLD!

TRACT 1 – $17,300 PER ACRE

TRACT 2 – $16,750 PER ACRE

 

TOTAL – $2,777,088.50

Location

Champaign County, Illinois

163.20 Acres±

The Benckendorf Family farm real estate is located approximately 2 miles northwest of Rantoul, IL, or 15 miles north of Champaign, IL. Tract 1 is further described as being located in the West Half of the Southeast Quarter of Section 28; and Tract 2 in the West Half of the Southwest Quarter of Section 31, all in Ludlow Township, Champaign County, IL.

Seller

Benckendorf Family

David Benckendorf | Kathy Gallo | James Benckendorf

Managed By

Kevin Haas (309) 264-7767

General Information

The land contains a total of 163.20 taxable acres, will be sold in 2-tracts and both tracts represent nearly all-tillable, Class A soils.

Farmers and investors! be sure to check out these high producing Champaign County, IL grain farms.

FSA Information

Real Estate Tax Information

Tract 1
PIN 14-03-28-400-001 - 79.07 acres - $4527.78
Tract 2
PIN 14-03-31-300-008 - 84.13 acres - $4237.88

Yield History

Tract 1
Year          Corn          Beans
2016                              76
2017           229
2018                              73
2019           196
2020                              65
Tract 2
Year          Corn          Beans
2016            235
2017                              67
2018            236
2019                              48
2020            181

Tract Information

Tract 1 • 79.07± Taxable Acres

  • FSA records indicate 79.44 NHEL tillable acres
  • Soil Productivity Index (PI): 142.9
  • Soil types include Drummer and Benton
  • Road access along the south side from County Road 3100 North

 

Tract 2 • 84.13± Taxable Acres

  • FSA records should indicate approximately 77.75 tillable acres
  • Additional 5.8 CRP acres with an annual payment of $2,004 which expires 9/30/2025
  • Soil Productivity Index (PI): 138.7
  • Soil types include Drummer and Raub
  • Road access along the west side from County Road 1200 East and along the south side from US Highway 136

Method & Terms

Both tracts will be sold on a price per acre basis, based on the taxable acres and offered through the marketing method of “Buyers Choice,” whereas the high bidder can elect either Tract 1 or Tract 2 (in any order) or both tracts for their high bid.  If the high bidder elects only one of the tracts, the remaining tract will then be sold. The tracts will NOT be offered together at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price as a non refundable down payment. The balance of the bid price will be due at closing, on or before December 13, 2021. Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal, or inspection. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. Possession will be given at the time of closing, subject to any remaining crop tenancy for the 2021 crop year. The land sells free and clear of tenancy for 2022.

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, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. The real estate is being sold “As Is”.

Aerial Tour

Plat Map

Aerial Maps

SOIL MAPs

Photos - Tract 1

Photos - Tract 2

Benckendorf Family

David Benckendorf

Kathy Gallo

James Benckendorf

 

Representing Attorney:

James W. Benckendorf Benckendorf & Benckendorf, P.C.

100 N. Main Street

Morton, IL 61550

(309) 266-6121

 

Auction Manager:

Kevin Haas (309) 264-7767