Iroquois County, IL Land Auction - Hobbs

Location & General Information

Tracts 1 - 4 are located approximately 3 miles northeast of Crescent City, IL, or 7 miles northwest of Watseka, IL, in Sections 21 & 28, T27N-R13W, Iroquois Township, Iroquois County, IL.

Tract 5 is located 5 miles east of Cissna Park, IL, or 12 miles northwest of Hoopston, IL, in Section 2, T24N- R13W, Fountain Creek Township, Iroquois County, IL.

The land contains a total of 606.28 Surveyed and Taxable Acres± and will be sold in 5-tracts, which represent productive farmland and outdoor recreational land. Farmers, investors and hunters, be sure to check out these Iroquois County properties.

Tract Information

TRACT 1 - 151.66 SURVEYED ACRES

FSA records indicate 99.25 NHEL cropland acres
Soil Productivity Index (PI): 116.9 (tillable acres)
Soil types include Del Rey, Swygert, Bryce and Tice
Balance of the acres is mature timber
Excellent hunting, outdoor recreational opportunities and building sites
Improvements include:
56’ x 72’ pole building with concrete floor
2) grain bins with dryers & fans (approx 30,000 bu total capacity)
Road access along the south side from E 2000 N Rd

TRACT 2 - 106.47 SURVEYED ACRES

FSA records should indicate 48.23 NHEL cropland acres (split field)
Soil Productivity Index (PI): 116.5 (tillable acres)
Soil types include Del Rey, Bryce and Tice
Balance of the acres is mature timber and pastureland
Excellent hunting, outdoor recreational opportunities and building sites
Road access along the south side from E 2000 N Rd

TRACT 3 - 101.19 SURVEYED ACRES

FSA records should indicate 99 NHEL cropland acres
(split field)
Soil Productivity Index (PI): 118.5 (tillable acres)
Soil types include Bryce, Swygert and Del Rey
Nearly all-tillable, productive farmland
Road access along the south side from E 2000 N Rd and along the east side from N 1600 E Rd

TRACT 4 - 115 TAXABLE ACRES

FSA records indicate 115.81 NHEL cropland acres
Soil Productivity Index (PI): 117.4 (tillable acres)
Soil types include Bryce, Rowe and Swygert
Nearly all-tillable, productive farmland
Road access along the north side from E 2000 N Rd and along the east side from N 1600 E Rd

TRACT 5 - 131.96 TAXABLE ACRES

FSA records indicate 126.07 NHEL cropland acres
Soil Productivity Index (PI): 130.6 (tillable acres)
Soil types include Martinton, Comfrey and Milford
Balance of the acres is a drainage ditch with trees
Road access along the south side from E 500 N Rd

Method & Terms

The tracts will be sold on a price per acre basis, based on either the taxable or surveyed acres. Tracts 1 - 4 will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts, then the remaining tract(s) will be offered. This will continue until all of the tracts have been elected. We will then sell Tract 5. The tracts will NOT be offered in their entirety at the conclusion of the auction.

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 October 17, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. The 2023 and all subsequent real estate taxes will be the responsibility of the buyer. Possession will be given at the time of closing, subject to any remaining crop tenancy for the 2022 crop year only. The property sells free and clear of tenancy for 2023.

Bidding is NOT subject to the 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”.