McDonough County, IL Land Auction - Hand

tract information

126.73 taxable acres

FSA maps indicate 117.02 cropland acres
Productivity Index (PI): 139.3 (Class A)
Soil types include Ipava, Sable and Clarksdale
The balance of the acres is a building site and grass waterways
Improvements include:
- (2) steel grain bins (10,000 and 3,000 bu)
- 40' x 70' machine shed
Highway 67 borders along the west side, Inverness Road along the north side and E1650th St along the east side

Real estate tax information

PIN 09-000-343-00 - 85.73 acres - $3,548.72

PIN 09-000-411-05 - 41.00 acres - $1,943.84

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 es- crow until closing. The balance of the purchase price will be due at closing which will take place on or before September 12, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 & 2022 real estate taxes. Buyer will be responsible for the 2023 & all subsequent real estate taxes. Possession will be given at closing subject to the current cash rent lease 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”.