Wednesday, April 7, 2021 at 10:00 A.M.
SOLD! $14,800 PER ACRE
TOTAL – $1,642,060.00
Auction to be conducted as a virtual, online only auction. No on-site bidding permitted.
If you need assistance with internet bidding, please contact our office at (844) 847-2161. Thank you.
110.95 Taxable Acres • 1 Tract
Location & General Information
The Mullis Farm is located at the southeast edge of Shabbona, IL (Shabbona is located approximately 15 miles southwest of DeKalb, IL or 25 miles northeast of Mendota, IL). The property is further described as being in the Southwest Quarter of Section 14 and the Southeast Quarter of Section 15, all in Township 38 North, Range 3 East, Shabbona Township, DeKalb County, IL.
• 110.95 taxable acres
• FSA records indicate approximately 104.5 NHEL cropland acres
• 100% FSA corn base acres
• Soil Productivity Index (PI): 134.2 (Class A farm)
• Dominant soil types: Drummer, Wingate, Danabrook, Harpster and Houghton
• Road access along the east side from Indian Road and along the south side from Preserve Road
• Sells free and clear for the 2021 crop year
• Farmers and investors – be sure to check out this nearly all tillable, Class A farm which also offers tremendous development potential with its close proximity to Shabbona, Indian Oaks Country Club and Chief Shabbona Forest Preserve.
Method and Terms
The Mullis farm will be sold by the acre on the basis of 110.95 taxable acres. Immediately following the auction, the successful buyer will be required to sign a real estate sale contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment, which will be held in escrow until closing. The balance of the bid price will be due at the time of closing on or before Friday, May 7, 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. The seller will pay the 2020 real estate taxes due and payable in 2021 & the 2021 real estate taxes and all subsequent real estate taxes will be the responsibility of the new buyer. The property sells free and clear of tenancy for the 2021 growing season. The buyer, after signing the sales contract, paying their 10% down payment and providing proof of liability insurance may enter the farm prior to closing for the purpose of tillage and planting. Full possession will be given at the time of closing.
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”.
APPROXIMATE FIELD TILE DRAWING
The FSA information includes the area west of the gas station along Rt 30. (Approximately 2 acres) This area is not included in the auction.
James Kaus | Jerrie Kaus | Janice King | Randy Imfeld | Denise Imfeld
Russell E. Burns
224 N. 2nd Street #1
DeKalb, IL 60115
AUCTION MANAGER: Kevin Haas (309) 264-7767