Peoria County, IL Land Auction – Chinuge

Tuesday, March 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

SOLD!

TRACT 1 – $13,200 PER ACRE

TRACT 2 – $7,600 PER ACRE

TRACT 3 – $8,200 PER ACRE

TRACT 4 – $8,850 PER ACRE

TRACT 5 – $4,500 PER ACRE

 

TOTAL – $2,346,323.00

Location

Peoria County, Illinois

267.35 Surveyed Acres • 5 Tracts

Seller

Chinuge Family Land Trust

Harv Koplo

Managed By

Kevin Haas (309) 264-7767

General Information

Land is located in Sections 7, 8, 16 & 17, T10N • R8E, Medina Township, Peoria County, IL.

Survey Plat

Survey

FSA information

Soil Test Results

Tract     pH     P#/A     K#/A
   2        6.6       25       206
   4        6.7       46       323

Yield History for the Entire Farm

real estate tax information

Tract 1
PIN 09-07-400-001 - 55.0 acres - $1838.12
Tracts 2 & 3
PIN 09-08-300-010 - 74.28 acres - $648.68
PIN 09-08-300-007 - 20.0 acres - $61.38
Tract 4
PIN 09-18-201-001 - 80.0 acres - $2069.66
Note: This includes the building site and approximately 4 acres along Rt 40 that are not included in the auction.
Tract 5
PIN 09-17-100-001 - 40.0 acres - $105.52

Location & General Information

The Chinuge Family Land Trust real estate is ideally located approximately 2 miles north of Peoria, IL, along and just off Highway 40. The property is further described as being located in Sections 7, 8, 16 & 17, T10N-R8E, Medina Township, Peoria County, IL.

The land contains a total of 265 acres (subject to survey) and will be sold in 5-tracts which represents excellent, nearly all-tillable cropland (some Class A soils), wooded acreage with excellent outdoors recreational opportunities, and outstanding home building sites. Farmers, investors, homebuilders and outdoors enthusiasts - be sure to check out this rare opportunity to buy investment quality land which is ideally located in the Dunlap, IL school district and close to the greater Peoria metropolitan area.

Tract Information

Tract 1 • 55.62 Surveyed Acres

  • FSA records indicate 46.14 NHEL cropland acres
  • Soil Productivity index: 132.2 (tillable acres)
  • Soil types include Ipava, Osco, Sable and Keomah
  • The balance of this tract is mature timber which offers outdoors recreational and hunting opportunities and home building sites
  • Access along the west side from St Rt 40 and along the north side from W. Singing Woods Rd.

 

Tract 2 • 37.89 Surveyed Acres

  • FSA records indicate 17.5 NHEL cropland acres
  • Soil Productivity index: 113.6 (tillable acres)
  • Soil types include Rozetta, Fayette and Sylvan
  • The balance of this tract is mature timber which offers outdoors recreational and hunting opportunities and home building sites
  • Access from the west off St Rt 40 via shared easement

 

Tract 3 • 56.66 Surveyed Acres

  • FSA records indicate 10.61 NHEL cropland acres
  • Soil Productivity index: 118.6 (tillable acres)
  • Soil types include Rozetta and Fayette
  • The balance of this tract is mature timber which offers excellent outdoors recreational and hunting opportunities and home building sites
  • Access in the northeast corner from W. Singing Woods Rd/Matthews Rd

 

Tract 4 • 76.38 Surveyed Acres

  • FSA records indicate approximately 52 NHEL cropland acres (split field)
  • Soil Productivity index: 125 (tillable acres)
  • Soil types include Rozetta, Osco and Dodge
  • The balance of this tract is mature timber which offers outdoors recreational and hunting opportunities and home building sites
  • Access along the west side from St Rt 40

 

Tract 5 • 40.8 Surveyed Acres

  • This entire tract is mature timber which offers excellent outdoors recreational and hunting opportunities
  • Several outstanding and secluded home building sites
  • Access from the west off St Rt 40 via shared easement

Method and Terms

All 5-tracts have been surveyed and sold by the acre, based on the surveyed acres. The tracts will be offered through the marketing method of “Buyer’­­s Choice” whereas the high bidder can purchase (in any order) any or all of the tracts for their high bid. If after the first round of bidding the high bidder does not take all 5-tracts then “Buyer’s Choice“ auctioning will continue until all 5-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(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 closing on or before April 8, 2022. 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 and the property sells free and clear of crop and hunting leases.

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

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure 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 footage, etc. are approximate. Buyers should verify all 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”.

Aerial Tour

Plat Map

Aerial Map

SOIL MAP

Photos

Tract 3 Video

Chinuge Family Land Trust

Harv Koplo

 

Representing Attorney:

Robert L. Potts

Whitney & Potts, Ltd

118 W Main St

Elmwood IL  61529

(309) 742-3611

 

Auction Manager:

Kevin Haas (309) 264-7767