Bureau County, IL Land Auction – Kranov
Thursday, December 16, 2021 - 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
Bureau County, Illinois
240± Acres • 2 Tracts
Land is located in Sections 1 & 2, T18N•R9E, Ohio Township, Bureau County, IL.
Location & General Information
The Kranov real estate is located 4 miles northeast of Ohio, IL, or 15 miles north of Princeton, IL, or 16 miles west of Mendota, IL. The property is further described as being in Sections 1 & 2, T18N-R9E, Ohio Township, Bureau County, IL.
The farm contains a total of 240 acres, will be sold in 2-tracts and both tracts represent highly productive, nearly all-tillable farmland with Class A soils. Farmers and investors, be sure to check out these Class A farms with income producing wind turbines.
Soil Test Results
Wind Energy Lease
Tract 1 • 80 Taxable Acres
- FSA maps indicate 77.67 NHEL cropland acres
- Additional 2.32 CRP acres with annual income of $743 which expires 9/30/25
- Soil Productivity Index (PI): 133 (Class A)
- Soil types include Osco and Catlin
- Improved with a wind turbine - annual income of $10,788
- Road access on the east side by 2300E Road
Tract 2 • 160 Taxable Acres
- FSA maps indicate 150.25 cropland acres
- Additional 1.18 CRP acres with annual income of $378 which expires 9/30/25
- Soil Productivity Index (PI): 134.4 (Class A)
- Soil types include Osco and Buckhart
- Improved with a wind turbine - annual income of $21,577
- Road access on the west side by 2300E Road
Method and 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 December 30, 2021. 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. The land sells free and clear of tenancy for 2022.
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”.
501 State Street
Ottawa, IL 61350
Kevin Haas (309) 264-7767