BUREAU COUNTY, IL LAND AUCTION - HODGETT

Bureau County, Illinois

The Hodgett Family Farm is located approx. 2 miles East of Mineral, IL along County Road 300 E and is further described as being located in Sections 10 & 15, T16N-R6E, Mineral Township, Bureau County, Illinois.

Wednesday, October 21 • 3:30 PM - 5:30 PM

Saturday, October 24 • 10:00 AM - 12:00 PM

217.47 surveyed acres • 3 tracts

The Hodgett Family Farm represents productive tillable farmland in Bureau County, IL. Tracts 1 & 2 are highly tillable tracts with Class A soils and a PI over 142. Tract 3 is a quiet, beautiful acreage that has a lot of potential. Farmers, investors and anyone looking to move to the countryside, don't miss this great opportunity!

Tract 1 - 176.51 surveyed acres

• FSA figures indicate approximately 175.16 NHEL cropland acres currently in row crop production
• Productivity Index (PI): 142.9 (Class A)
• Soil types include Drummer, Elburn, Harpster
• Access is along County Rd 300 E

Tract 2 - 34.65 surveyed acres

• FSA figures indicate approximately 33.78 NHEL cropland acres currently in row crop production
• Productivity Index (PI): 142 (Class A)
• Soil types include Drummer, Plano, Harpster
• Access is along County Rd 300 E

Tract 3 - 6.31 surveyed acres

• 980 Sq. Ft. Farmhouse
• 32 x 60 Machine Shed
• 40 x 64 Machine Shed
• 20 x 32 Machine Shed
• Approximately 13,600 bu. grain storage
• Access is along County Rd 1550 N

The Hodgett Family Farm real estate will be sold on a price per acre basis, based on surveyed acres. Tracts 1 & 2 will be sold on a price per acre basis, based on surveyed acres through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, then the remaining tract will be sold. Tract 3 will be sold last for a lump sum total dollar amount. 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 Friday, December 4th, 2026.

The seller will provide title insurance in the full amount of the purchase price and pay the 2026 real estate taxes, due and payable in 2027, through a credit at closing based on the best available information. Possession at closing subject to an existing lease for the 2026 crop year only. Open lease for 2027 crop year.

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, pertaining to this property. Real estate is being sold “AS IS”.

Tract 1 - $12,315.08

Tract 2 & 3 (Tracts are under the same parcel number) - $5,660.96