Edgar County, IL Land Auction – Lakeshore

LakeShore Calendar

Tuesday, August 30, 2022 - 10:00 am 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

Location

Edgar County, Illinois

282.941 Surveyed Acres • 3 Tracts

LakeShore Calendar

Seller

Lakeshore Farms, LLC

Managed By

Michael Sullivan (309) 333-0916
David Smith (217) 841-0821

Location

The farm is located approx. 3 miles northeast of Brocton, IL and is further described as being located in Section 20 & 29, T15N - R13W, Embarrass Township, Edgar County, IL.  All 3 tracts represent Class A tillable farmland.

 

Additional information coming soon!

Tract Information

Tract 1 - 81.913 Surveyed Acres
- FSA figures should indicate approx. 81 acres of NHEL cropland currently in row crop production
- Productivity Index (PI) Rating: 142.3 (Class A)
- Productive soil types include Drummer, Elburn, Millbrook & Proctor
- Access is along the west side by North 400th St.
 
Tract 2 - 119.432 Surveyed Acres
- FSA figures should indicate approx. 116.09 acres of NHEL cropland currently in row crop production
- Productivity Index (PI) Rating: 141.7 (Class A)
- Productive soil types include Drummer, Elburn, Proctor & Wyanet
- Access is along the west side by North 400th St.
 
Tract 3 - 81.596 Surveyed Acres
- FSA figures should indicate approx. 81 acres of NHEL cropland currently in row crop production
- Productivity Index (PI) Rating: 138.6 (Class A)
- Productive soil types include Drummer, Elburn & Martinsville
- A significant amount of tile has been installed on this tract - see website for map
- Access is along the west side by North 400th St.

Method & Terms

The tracts will be sold on a price per acre basis, based on surveyed acres.  All 3 tracts will be sold through the marketing method of “Buyers Choice,” whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts, and there are tract(s) remaining, then the remaining tract(s) will be offered.  This will continue until all of the tracts have been elected. 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, September 30, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes. Possession will be given at the time of closing, subject to a cash rent lease for the 2022 crop year.  The farm sells free & clear for the 2023 crop year.

Bidding is NOT subject to the following 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”.

Aerial Tour

Plat Map

Aerial Map

SOIL MAPS

Tile Map

photos

Lakeshore Farms, LLC - Seller

 

Representing Attorney:

R. Seth Hampton
Quattlebaum, Grooms & Tull PLLC
PH (501) 379-1774

 

Auction Managers:

Michael Sullivan (309) 333-0916
David Smith (217) 841-0821