Iroquois County, IL Land Auction – Eldert

Monday, November 22, 2021 - 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 – $9,550 PER ACRE

TRACT 2 – $9,350 PER ACRE

TRACT 3 – $10,500 PER ACRE

 

TOTAL – $3,271,086.00

Location

Iroquois County, Illinois

The Eldert Farms, Inc real estate is located approximately 4-miles southeast of Danforth, IL and at the Southwest edge of Gilman, IL, (approximately 10 miles west of Watseka, IL, or 20 miles south of Kankakee, IL). The property is further described as being located in the West Half of Section 22, T27N-R14W, Danforth Township, and the Southeast Quarter of Section 1, T26N-R10E, Douglas Township, all in Iroquois County, IL.

Seller

Eldert Farms Inc.

Emily Sundberg

Katherine Poppie

Karla Chivington

Donald K. Eldert

Managed By

Kevin Haas (309) 264-7767

John Sullivan (309) 221-6700

General Information

The land contains a total of 335.44 acres± and will be sold in 3-tracts. Farmers, investors and developers be sure to check out these tracts of highly productive, nearly all-tillable farmland which lie within 8 miles of each other and offer development potential.

tract information

Tract 1 - 120.23 Surveyed Acres

  • FSA maps should indicate 118 NHEL cropland acres (split field)
  • Includes 5.90 CRP acres with an annual payment of $1,747 which expires on 9/30/2026
  • Soil Productivity Index (PI): 122.6
  • Soil types include Milford, Bryce, Rantoul & Martinton
  • Road access along the east by N1100 East Road

Tract 2 - 118.97 Surveyed Acres

  • FSA maps should indicate 115 NHEL cropland acres (split field)
  • Includes 6.20 CRP acres with an annual payment of $1,836 which expires on 9/30/2026
  • Soil Productivity Index (PI): 121.2
  • Soil types include Bryce, Milford, Rantoul & Martinton
  • Road access along the south by E2000 North Road and east by N1100 East Road

Tract 3 - 96.24 Taxable Acres

  • FSA maps should indicate 91.73 NHEL cropland acres
  • Soil Productivity Index (PI): 121.5
  • Soil types include Bryce, Martinton & Milford
  • Road access along the south by US Rt 24 and along the east by 600E Road
  • Tract 3 offers productive farmland & development potential being located just west of the I-57/US Rt 24 interchange
  • Canadian National Railroad runs along the west side

real estate tax information

Tracts 1 & 2
PIN 17-22-200-002 - 80.0 Acres - $1,963.20
PIN 17-22-400-002 - 158.49 Acres - $3,775.78
Tract 3
PIN 22-01-400-007 - 96.24 Acres - $2,433.38

Method & Terms

A survey will be completed prior to the auction on Tracts 1 and 2 and they will be sold by the acre based on the surveyed acres. Tract 3 will sell by the acre based on the taxable acres. All 3 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. “Buyer’s Choice“ auctioning will continue until all 3 tracts have been elected. The tracts will not be offered together or 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 which will be on or before December 22, 2021. Possession will be given at the time of closing subject to any remaining 2021 crop tenancy. All the tracts sell free and clear of tenancy for the 2022 crop year.

The 2021 real estate taxes, due and payable in 2022, will be paid by the sellers. Title insurance in the full amount of the purchase price will be provided by the seller.

Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal or inspection. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, on our website or in our advertisements 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

Survey Information

FSA Information

Note:  All the land that lies east of 1100 East Rd in FSA tract 3144 is not included in the auction

Subject Photos

Sellers:

Emily Sundberg

Katherine Poppie

Karla Chivington

Donald K. Eldert

 

Representing Attorney:

Ross Sorensen

Martensen, Niemann & Sorensen

140 N Taft St

Paxton IL 60957

(217) 379-4311