Major Central Illinois Land Auction

Wednesday, September 08, 2021 - 10:00 am Central

SOLD!

TRACT 1 – $10,000 PER ACRE

TRACT 2 – $9,000 PER ACRE

TRACT 3 – $11,700 PER ACRE

TRACT 4 – $11,700 PER ACRE

TRACT 5 – $11,700 PER ACRE

TRACT 6 – $11,700 PER ACRE

TRACT 7 – $10,800 PER ACRE

TRACT 8 – $9,750 PER ACRE

TRACT 9 – $13,400 PER ACRE

TRACT 10 – $13,400 PER ACRE

TRACT 11 – $10,500 PER ACRE

TRACT 12 – $110,000 LUMP SUM

 

TOTAL – $10,773,603.50

AVERAGE – $11,291 PER ACRE

Location

Livingston & Grundy County, Illinois

Auction Venue: VFW Post 2608, 506 S Old Rte 66, Dwight, Illinois 60420

 

LAND LOCATION

(Pre-sale directional and tract signs will be posted on each tract)

Tracts 1 & 2 • Located approximately 1 mile southwest of Dwight, IL, in the South Half of Section 7, T30N•R7E, Dwight Township, Livingston County, IL.

Tracts 3 – 6 • Located approximately 1 mile west of Dwight, IL in Section 6, T30N•R7E, Dwight Township, Livingston County, IL.

Tracts 7 & 8 • Located approximately 2 miles northwest of Dwight, IL in the North Half of Section 32, T31N•R7E, Goodfarm Township, Grundy County, IL.

Tracts 9 – 12 • Located approximately 1 mile southwest of Gardner, IL, or 5 miles northeast of Dwight, IL in the Northwest Quarter of Section 17 & the Northeast Quarter of Section 18, T31N•R8E, Garfield Township, Grundy County, IL.

Dwight, IL is located approximately 28 miles west of Kankakee, IL or 35 miles southwest of Joliet, IL.  All 12 tracts are located adjacent to or in close proximity to I-55.

Seller

Helen Cannon Trust

C/O Brady Evans | US Bank

Managed By

Kevin Haas (309) 264-7767

Dale Jones (309) 299-6400

General Information

954.17 Surveyed Acres | 12 Tracts

Sale to be conducted as a live onsite auction, with virtual online bidding available. If you need assistance with internet bidding, please contact our office at (844) 847-2161, and let one of our helpful staff answer any questions you might have. Thank you.

Auctioneer's Note

Make plans now to participate in this major Central Illinois farmland auction of nearly 1,000 acres located in Livingston & Grundy Counties, Illinois.

Land represents productive tillable cropland, with most tracts being nearly 100% tillable. Also selling a well-maintained country home on 4 acres±.

The Helen Cannon Trust farmland has been owned by the same family for over 100 years. The land has been managed for many years by US Bank and all of the tillable tracts are in an excellent state of fertility. Tract sizes are well suited for farmers and investors alike.

INSPECTION/OPEN HOUSE

Anyone having questions regarding the tracts or wanting to inspect the home are encouraged to attend our public viewing to be held on Tract 12 on:

Friday, August 27 • 4:00 PM - 6:00 PM

Saturday, August 28 • 11:00 AM - 1:00 PM

 

Tract 12 Address: 

8235 South Gorman Road

Gardner, IL 60424

TRACT INFORMATION

Livingston County

Tract 1 - 98.255 Surveyed Acres

  • FSA records indicate approximately 96.08 NHEL cropland acres
  • Soil Productivity Index (PI): 123.8
  • Soil types to include: Bryce, Mokena, Ashkum & Andres
  • Access is along the west side from N 2400 E Rd and along the south side from E 3100 N Rd

 

Tract 2 - 98.255 Surveyed Acres

  • FSA records indicate approximately 96.95 NHEL cropland acres
  • Productivity Index (PI): 120
  • Soil types to include: Bryce, Mona, Mokena & Swygert
  • Access is along the south side from E 3100 N Rd

 

Tract 3 - 90.10 Surveyed Acres

  • FSA records indicate approximately 90.45 NHEL cropland acres
  • Productivity Index (PI): 127.9
  • Soil types include: Ashkum, Andres & Peotone
  • Access is along the west side from N 2400 E Rd and along the south side from State Rt 17

 

Tract 4 - 90.10 Surveyed Acres

  • FSA records indicate approximately 90.45 NHEL cropland acres
  • Productivity Index (PI): 127.5
  • Soil types include: Ashkum, Chenoa & Andres
  • Access is along the south side from State Rt 17

 

Tract 5 - 105.275 Surveyed Acres

  • FSA records indicate approximately 103.59 NHEL cropland acres
  • Productivity Index (PI): 130.9
  • Soil types include: Andres & Ashkum
  • Access is along the west side from N 2400 E Rd and along the north side from E 3300 N Rd

 

Tract 6 - 105.275 Surveyed Acres

  • FSA records indicate approximately 101.98 NHEL cropland acres
  • Productivity Index (PI): 127.2
  • Soils types include: Ashkum, Elliott & Chenoa
  • Access is along the north side from E 3300 N Rd

 

Grundy County

Tract 7 - 81.38 Surveyed Acres

  • FSA records indicate approximately 78.92 NHEL cropland acres
  • Productivity Index (PI): 126.8
  • Soil types include: Ashkum & Elliott
  • Access is along the west side from CR 2000 W (Zabel Rd) and along the north side from CR 11000 S (Scully Rd)

 

Tract 8 - 80.23 Surveyed Acres

  • FSA records indicate approximately 78.92 NHEL cropland acres
  • Productivity Index (PI): 127.3
  • Soil types include: Ashkum, Elliott & Andres
  • Access is along the north side from CR 11000 S (Scully Rd)

 

Tract 9 - 65.24 Surveyed Acres

  • FSA records indicate approximately 64 NHEL cropland acres
  • Productivity Index (PI): 128.9
  • Soil types include: Reddick & Ashkum
  • Access is along the east side from CR 4000 E (S Gorman Rd)

 

Tract 10 - 88.44 Surveyed Acres

  • FSA records indicate approximately 85 NHEL cropland acres
  • Productivity Index (PI): 128.9
  • Soil types include: Reddick & Ashkum
  • Access is along the east side from CR 4000 E (S Gorman Rd)

 

Tract 11 - 48.05 Surveyed Acres

  • FSA records indicate 44.76 NHEL cropland acres
  • Productivity Index (PI): 128.9
  • Soil types include: Reddick & Ashkum
  • Access is along the west side from CR 4000 E (S Gorman Rd)

 

Tract 12 - 3.57 Surveyed Acres - Including a well-maintained country home

  • Private country setting!
  • Nice park-like lawn w/ many trees!
  • Room for horses/livestock!
  • outbuildings & grain storage!

2-story country home located at 8235 S Gorman Rd, Gardner, IL 60424:

    • 5 bedrooms (1 non-conforming)
    • 2 baths
    • LP gas forced-air furnace
    • Central A/C
    • LP tankless water heater
    • Well insulated exterior walls
    • Metal roof
    • Vinyl siding
    • Newer windows
    • Partial basement
    • Single phase electricity

Detached Garage/Shop Building:

    • 26'X40’
    • 3 overhead doors
    • Concrete floor
    • Floor drain

Brock Grain Bin:

    • 36' - 8 ring
    • 20,000 bu. capacity
    • Aeration floor
    • 7.5 hp fan

No appliances or personal property is being conveyed with the house and buildings located on Tract 12.

METHOD

Tracts 1 - 11 will sell on a price per acre basis, based on the surveyed acres.  Tract 12 will sell for a lump sum or total dollar amount.

Tracts 1 - 8 will be offered through the marketing method of “Buyer’s Choice,” whereas the high bidder can elect (in any order) any or all of the first eight tracts.  Buyer’s Choice will continue until all eight tracts have been selected.

Tracts 9 - 11 will be offered through the marketing method of “Buyer’s Choice,” whereas the high bidder can elect (in any order) any or all of Tracts 9 - 11.  Buyer’s Choice will continue until all tracts have been selected.

We will then sell Tract 12 (residence & farm outbuildings) for a lump sum total dollar amount.

Please Note: The tracts will NOT be offered in their entirety at the conclusion of the auction.

TERMS

Immediately following the auction, the winning bidder(s) 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 the time of closing, on or before October 13, 2021.  Bidding is NOT subject to financing or any other contingencies.  Possession of Tracts 1 - 11 will be given at the time of closing, subject to the current crop tenancy for the 2021 crop year only.  Possession of Tract 12 (residence and farm buildings) is February 1, 2022.  Once the 2021 crop is harvested and after closing, the new buyer will have all rights to the property.  All tracts sell with full farming rights for the 2022 planting season.  Title insurance in the full amount of the purchase price will be provided by the seller.  The 2021 real estate taxes, due and payable in 2022, will be paid by the seller, with the 2022 and all subsequent real estate taxes to be paid by the buyers.

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, etc. are approximate.  Buyers should verify the information to their satisfaction.  There are no expressed or implied warranties made by seller or Sullivan Auctioneers, LLC pertaining to this property.  Real estate is being sold “AS IS”.

Survey

Most recent real estate tax information

Livingston County FSA Information Tracts 1-6

Grundy County FSA Information Tracts 7-12

Plat Map

Aerial Map - Tracts 1 & 2

Located in Section 7, T30N•R7E, Dwight Township, Livingston County, Illinois

Aerial Map - Tracts 3, 4, 5 & 6

Located in Section 6, T30N•R7E, Dwight Township, Livingston County, Illinois

Aerial Map - Tracts 7 & 8

Located in Section 32, T31N•R7E, Goodfarm Township, Grundy County, Illinois

Aerial Map - Tracts 9, 10, 11 & 12

Located in Section 32, T31N•R7E, Goodfarm Township, Grundy County, Illinois

SOIL MAPS

SOIL Test results

Photos – Tract 1

Photos – Tract 2

Photos – Tract 3

Photos – Tract 4

Photos – Tract 5

Photos – Tract 6

Photos – Tract 7

Photos – Tract 8

Photos – Tract 9

Photos – Tract 10

Photos – Tract 11

Photos – Tract 12

Helen Cannon Trust

C/O BRADY EVANS  |  US BANK

 

Auction Managers:

Kevin Haas (309) 264-7767

Dale Jones (309) 299-6400

 

Attorneys:

C. Clark Germann & Michael C. Connelly | Sorling Northrup

1 North Old State Capitol Plaza | Suite 200 | P.O. Box 5131

Springfield, IL 62705

Phone 217.544.1144 | Fax 217.522.3173