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  • STARTFeb 18th - 10:00am

  • VENUE

Knox County, Illinois Land Auction

Thursday, February 18, 2021 at 10:00 A.M.

563.6 Total Acres • 6 Tracts (This is a combination of surveyed & taxable acres)

SOLD! TRACT 1 – $9,500 PER ACRE
SOLD! TRACT 2 – $3,700 PER ACRE
SOLD! TRACT 3 – $4,550 PER ACRE
SOLD! TRACT 4 – $4,550 PER ACRE
SOLD! TRACT 5 – $3,825 PER ACRE
SOLD! TRACT 6 – $8,300 PER ACRE

TOTAL – $2,789,408.75

Auction to be conducted as a virtual, online only auction. No on-site bidding permitted.
If you need assistance with internet bidding, please contact our office at (844) 847-2161. Thank you.


Click here to view results.


Location & General Information

The JIMAK property contains 563.6 total acres to be sold in 6 tracts and is located approximately 7 miles north of Galesburg, IL. The property is further described as being located in Section 30, T13N • R2E, Ontario Township, Sections 28 & 33, T13N•R1E, Rio Township and Section 4, T12N•R1E, Henderson (North Part) Township, all in Knox County, IL. The tracts represent productive tillable cropland, improved pasture land and recreational acres with potential home building sites.

 

Grant of Easements and Memorandum of Wind Energy Easement Agreement

 

 

Aerial Tour

 

Tract Information

All tracts are enrolled in the Orion Renewable Energy Group Knox County Wind Farm Project. Contact auction manager for additional details.

Tract 1 • 78.35 Taxable Acres

The building site is now included in this tract.  (The machinery and chattel items located in the tract 1 buildings are not included in the auction.)

• FSA figures should indicate approximately 73.4 HEL cropland acres.

• The balance of this tract is in waterways.

• Land represents productive tillable farmland.

• Primary soil types: Osco, Assumption, Elkhart, Radford & Ipava.

• Soil Productivity Index (PI) Rating: 127.1 (tillable acres only)

• Public road access along the west side by County Road 600E.

 

Tract 2 • 153.29 Surveyed & Taxable Acres

• FSA figures should indicate approximately 105.86 HEL cropland acres.

• The balance of this tract is in waterways, wooded draws & permanent pasture.

• Land represents productive tillable farmland & offers excellent recreational opportunities as well as premier building sites.

• Primary soil types: Hickory, Rozetta, Greenbush, Osco & Sylvan.

• PI Rating: 101.6 (tillable acres only)

• Public road access along the north side by County Road 2550N & along the southeast side by County Road 2500N & County Road 220E.

 

Tract 3 • 100.82 Surveyed Acres

• FSA figures should indicate approximately 65 HEL cropland acres.

• The balance of this tract is in pasture, grass waterways and also has a nice pond.

• Land represents productive tillable farmland & offers excellent recreational opportunities as well as premier building sites.

• Primary soil types: Clarksdale, Sylvan, Rozetta & Greenbush.

• PI Rating: 114.2 (tillable acres only)

• Public road access along the north side by County Road 2500N & along the west side by County Road 220E.

 

Tract 4 • 61.99 Surveyed Acres

• FSA figures should indicate approximately 27 HEL cropland acres.

• The balance of this tract is in waterways, wooded draws & permanent pasture.

• Land represents productive tillable farmland & offers excellent recreational opportunities as well as premier building sites.

• Primary soil types: Clarksdale, Greenbush & Rozetta.

• PI Rating: 124 (tillable acres only)

• Public road access along the east side by County Road 220E.

 

Tract 5 • 149.01 Surveyed & Taxable Acres

• FSA figures should indicate approximately 79 HEL cropland acres.

• The balance of this tract is in waterways, wooded draws & permanent pasture.

• Land represents productive tillable farmland & offers excellent recreational opportunities as well as premier building sites.

• Primary soil types: Lawson, Hickory & Rozetta.

• PI Rating: 115.5 (tillable acres only)

• Public road access on the northwest side by County Road 220E.

 

Tract 6 • 20.14 Surveyed Acres

This tract has been added to this auction.

• FSA figures should indicate approximately 17.59 NHEL cropland acres.

• The balance of this tract is in wooded draw.

• Access along the east side from County Road 220E.

• PI Rating: 121.4

 


Currently there is a livestock drinking station that is located on tract 4.  This station is not included in the auction and will be removed by the seller prior to closing.
The electric fencing items are property of the tenant and will be removed prior to closing.  These items include but are not limited to posts, wire, hardware, and other electric fencing equipment.
There are some livestock equipment items that are property of the tenant and will be removed prior to closing.  These items include but are not limited to creep feeders and gates.

 

Method and Terms

Bidding will be on a per acre basis based on completed survey. All 6 tracts will be offered through the marketing method of “Buyer’s Choice” whereas the high bidder can purchase any or all 6 tracts for their high bid (in any order). Buyer’s Choice auctioning will continue until all 6 tracts have been purchased. The tracts will not be combined.

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. The balance of the bid price will be due at the time of closing on or before Monday, March 22, 2021. Bidding is NOT subject to the following contingencies, including but not limited to: financing, appraisal, and inspection. Title insurance in the full amount of the purchase price will be provided by the seller. The 2020 real estate taxes, due and payable in 2021, will be paid by the sellers, and the 2021 and all subsequent real estate taxes will be the responsibility of the new buyer(s).

Possession will be given at the time of closing and the farm sells free of tenancy for the 2021 crop year.

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”.

SURVEY MAP

 

Plat Map

Aerial Maps

Soil Maps

Photos

INTERIOR PHOTOS OF THE BIG BARN LOCATED ON TRACT 1

JIMAK Ltd

Laura Isele, Co-Manager

David Weber, Co-Manager

 

Representing Attorney:

JohnPatrick Brown, Attorney at Law

Nash Bean Ford & Brown, LLP

445 US Highway 6 East | PO Box 63 | Geneseo, IL 61254

5030 38th Avenue | Suite 2 | Moline, IL 61265

309-944-2188 Ext. 235 | 800-644-5345

 

Auction Managers: Kevin Haas (309) 264-7767 and Luke Sullivan (309) 371-5214

 

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Details

Date:
February 18
Time:
10:00 am - 11:55 pm
Categories:
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