Henry County, IL Land Auction – Cole

Wednesday, November 30, 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!

$11,650 PER ACRE 

 

TOTAL – $1,336,837.50

Location

Henry County, Illinois

The Cole farm is located approximately 4 miles northwest of Cambridge, IL, or 28 miles southeast of Moline, IL, or 11 miles southwest of Geneseo, IL. The property is further described as being located in Section 26, T16N-R2E, Osco Township, Henry County, IL. The farm offers productive, tillable cropland, wooded areas & whitetail deer habitat.

Seller

William C. Cole Trust

William Cole – Trustee

Managed By

Dale Jones (309) 299-6400

Tract Information

114.75 Taxable Acres± • Tract 1

  • FSA Map Indicates 100.7 cropland acres
  • Productivity Index (PI): 126.1
  • Major soil types include Greenbush, Osco, Muscatune, Marseilles­Atlas, Elco, Radford, Sawmill, Buckhart, others.
  • The balance of the farm is wooded draws offering hunting and recreational opportunities.
  • Nicely maintained access the north side of the farm to the recreational areas.
  • Cambridge School District
  • Road access along the west by Henry County Highway 16.

Method & Terms

The real estate will be sold on a price per acre basis, based on the taxable acres. 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 December 30th, 2022. The seller will provide title insurance in the full amount of the purchase price and will provide the buyer with a credit at closing for the 2022 taxes payable in 2023 based upon the most current information available. Buyer will be responsible for 2023 and all subsequent real estate taxes. Possession will be given at closing subject to the current cash rent tenancy for the 2022 crop year only.

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”.

Aerial Tour

Plat Map

Aerial Map

SOIL MAP

FSA Information

Subject Photos

 

William C. Cole Trust

William Cole - Trustee

 

Representing Attorney:

Virgil A. Thurman  | Virgil A. Thurman Attorney at Law

137 S State St Ste 208, Geneseo, IL 61254 |  (309) 944-6866

 

Auction Manager:

Dale Jones (309) 299-6400