McDonough County, IL Land Auction – Hoke

Wednesday, March 02, 2022 - 1:00 pm 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 – $17,100 PER ACRE

TRACT 2 – $13,000 PER ACRE

 

TOTAL – $912,321.00

Location

McDonough County, Illinois

Seller

Gaylord Hoke Revocable Trust

Marianne Hoke – Trustee

Managed By

Michael Sullivan (309) 333-0916

REPRESENTING ATTORNEY

John McMillan

McMillan, Hennenfent & DeJoode, PC

402 E Jackson St.

PO Box 443

Macomb, IL 61455

(309) 837-2904

location & general information

57.56 Taxable Acres • 2 Tracts

The Hoke land is located northwest of Macomb, IL, a short distance west of Spring Lake.  The farm is further described as being located in Sections 17 & 18, T6N - R3W, Emmet Township, McDonough County, IL.

Both tracts represent Class A tillable farmland and are ideally located on hard surface roads which offer potential building sites!

tract information

Tract 1 - 40.01 Taxable Acres
  • FSA figures indicate 36.29 acres of cropland currently in row crop production
  • Crop Productivity Index (PI) Rating: 139 (Class A)
  • Productive soil types include Ipava & Osco
  • Potential building sites
  • Sells with a cash rent agreement for the 2022 crop year
  • Access is along the south side by County Road 1500N (hard surface)
 
Tract 2 - 17.55 Taxable Acres
  • FSA figures indicate 15.29 acres of cropland currently in row crop production
  • Crop Productivity Index (PI) Rating: 134.6 (Class A)
  • Productive soil types include Ipava, Sable, Greenbush, Elco & Clarksdale
  • Potential building sites
  • Sells with a cash rent agreement for the 2022 crop year
  • Access is along the south side by County Road 1500N & along the east side by E 725th St. (both hard surface roads)

Real Estate Tax Information

Tract 1

  • PIN 07-000-181-00 - 40.01 acres - $2,184.22

Tract 2

  • PIN 07-000-167-10 - 17.55 acres - $809.32

method & terms

Both tracts will be sold on a price per acre basis, based on the taxable acres, and offered through the marketing method of “Buyers Choice,” whereas the high bidder can elect either or both tracts (in any order) for their high bid. If the high bidder elects only one of the tracts, then the remaining tract will be sold. The tracts will NOT be offered together at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment. The balance of the bid price will be due at closing, on or before Monday, April 4, 2022. 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 and pay the 2021 real estate taxes, due and payable in 2022. Possession will be given at the time of closing, subject to a cash rent lease for the 2022 crop year only - the new buyer will receive 100% of the cash rent income - contact the auction company for details.

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”.

Aerial Tour

plat map

aerial map

FSA Information

soil maps