LaSalle County, IL Land Auction – Cole & Turner
Friday, September 09, 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
LaSalle County, Illinois
161.39 Acres± – 2 Tracts
Philip R. Cole Testamentary Trust &
Kevin Haas (309) 264-7767
Land is located in Sections 1 & 18, T32N – R3E, Farm Ridge Township, LaSalle County, Illinois.
Location & General Information
The Cole/Turner farm real estate is located approximately 6 miles south of Ottawa, IL, or 12 miles north of Streator, IL. Tract 1 is located in Section 1, and Tract 2 is located in Section 18, all in T32N-R3E, Farm Ridge Township, LaSalle County, IL.
Tract 1 contains 79.17 surveyed acres and is all-tillable with NHEL Class A soils.
Tract 2 contains 82.2 acres ± (subject to survey) and is nearly all-tillable farmland with high producing soils.
Farmers and investors, be sure to check out these investment quality and ideally located LaSalle County, IL farms.
TRACT 1 - 79.17 SURVEYED ACRES
- FSA records indicate 76.82 NHEL cropland acres
- Soil Productivity Index (PI): 140.8 (Class A)
- Soil types include Drummer, Plano, Blackberry and Muscatune
- Road access along the south side from N 2350th Rd
- Soil Test Results: pH-6.14 • P-39 lb/acre • K-344 lb/acre
TRACT 2 - 82.2 ACRES (subject to survey)
- FSA records indicate 73.59 cropland acres
- Includes 1.80 CRP acres, with annual
payment $467, expires 9/30/22
- Soil Productivity Index (PI): 130.3
- Soil types include Symerton, Flanagan, Drummer, Varna and Andres
- Road access along the south side from N 2150th Rd and along the west side from E 12th Rd
Method & Terms
Both tracts will be sold on a price per acre basis, based on the surveyed acres. The tracts will be offered individually and NOT offered together at the conclusion of the auction.
Immediately following the auction, the successful buyer(s) will be required to enter into a written real estate sales contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment which will be held in escrow until the time of closing. The balance of the bid price will be due at closing, on or before October 10, 2022.
Bidding is NOT subject to any 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 2022 real estate taxes, due and payable in 2023. Seller is keeping all crop and CRP income for 2022. Possession will be given at the time of closing subject to the current 2022 crop lease. The tracts sell free of tenancy for 2023.
All announcements made sale day take precedence over any prior advertising either written or oral. The information in our brochure, on our website and in our advertisements 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 all information to their satisfaction. There are no expressed or implied warranties pertaining to the property and the real estate is being sold “As Is”.
Survey - Tract 1
REAL ESTATE TAX INFORMATION
Philip R. Cole Testamentary Trusts
American Commercial Bank & Trust, N.A., Trustee
& Dale Turner
Richard L. Burton
Burton, Fuller & Associates, P.C.
227 West Madison Street
Ottawa, Illinois 61350
Kevin Haas (309) 264-7767