MCDONOUGH COUNTY, IL LAND AUCTION - KEYS

Tract 1 • 84.51 Acres

• FSA Figures should indicate 82.5 acres of NHEL cropland
• “CLASS A” Sable soil (PI 143)
• Access on the south by CTY. RD. 2300 N.
• Income from wind turbine, UG cable and Wind Protection Area lease (document online with payment estimate)

Tract 2 • 129.4 Acres

• FSA Figures should indicate 128 acres of NHEL cropland
• “CLASS A” Muscatune and Sable soils (PI 143.5)
• Access on the west by E 700TH ST.
• Income from UG cable and Wind Protection Area lease (document online with payment estimate)

Tract 3 • 127.0 Acres

• FSA Figures should indicate 124.5 acres of NHEL cropland
• “CLASS A” Muscatune and Sable soils (PI 144.4)
• Access on the west by E. 700TH ST. and on the north by CTY. RD. 2400 N
• Income from wind turbine, UG cable and Wind Protection Area lease (document online with payment estimate)

Bidding will be on a price per acre basis, based on the acreages obtained from a recent survey. All 3 tracts will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase tract 1, 2, or 3 (in any order) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tracts will continue to be offered “Buyers Choice” until all 3 tracts have been purchased. The tracts will not be offered together 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 July 17, 2023.

The seller will provide title insurance in the full amount of the purchase price. The buyer(s) will be responsible for the 2023 real estate taxes. Possession will be given at the time of closing subject to the farm lease for 2023.

The annual wind payment is made on or about March 1 of each year. The buyer(s) will receive WITHOUT proration 100% of the 2023 wind payment , which will be payable on or about March 1st, 2024. A document indicating the March 2024 ESTIMATED payment for each tract is posted online (the most recent payment for the entire farm was $55,022.65). Bidders need to review the Wind Easement document prior to auction, to do so, contact auction manager, Jim Sullivan (217) 440-8172. The buyer(s) will also receive a prorated portion of the cash rent income for the 2023 crop year on each tract. The prorated cash rent the buyer(s) receive will be by way of a credit against the purchase price at the time of closing. For more information concerning the cash rent, contact auction manager, Jim Sullivan (217) 440-8172.

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”.