McLean County, IL Land Auction – Meinhold
Tuesday, January 25, 2022 - 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
TRACT 1 – $22,500 PER ACRE
TRACT 2 – $15,500 PER ACRE
TRACT 3 – $15,000 PER ACRE
TOTAL – $4,264,770.00
McLean County, Illinois
241.57 Surveyed Acres • 3 Tracts
Land is located in Sections 4 & 9, T25N•R5E, Lawndale Township, McLean County, IL.
Tract 1 – 80.12 Surveyed Acres
Tract 2 – 80.64 Surveyed Acres
Tract 3 – 80.81 Surveyed Acres
Note: The buyer will reimburse the seller at closing for Potash fertilizer applied in the fall of 2021 (150#/A). The reimbursement amount is $2687.08 per auction tract.
pH - 6.3
P - 56#/A
K - 416#/A
Tracts 2 & 3
pH - 6.1
P - 58#/A
K - 416#/A
Wind Energy Agreements
Real Estate Tax Information
Location & General Information
The Meinhold property is located approximately 7 miles east of Lexington, IL, or 20 miles northeast of Bloomington, IL, and is described as being located in Sections 4 & 9, T25N-R5E, Lawndale Township, McLean County, IL.
The land contains a total of 240 acres, will be sold in 3-tracts and all are nearly all-tillable, highly productive farmland with one tract being improved with an income producing wind turbine.
Tract 1 - 80.12 Surveyed Acres
- FSA maps indicate 77.13 cropland acres
- Includes 1.20 CRP acres with annual income of $360/year which expires 9/30/2031
- Productivity Index: 128.3
- Soil types include Chenoa, Drummer and Varna
- Improved with a wind turbine - contact the auction company for further information
- County Road 3300E borders along the east side & County Road E 2450 North borders the south side
Tract 2 - 80.64 Surveyed Acres
- FSA maps indicate 78.75 NHEL cropland acres
- Productivity Index: 128.0
- Soil types include Varna, Lisbon and Chenoa
- County Road 3200E borders along the west side and 2550N along the north side
Tract 3 - 80.81 Surveyed Acres
- FSA maps indicate 78.36 NHEL cropland acres
- Includes 3.5 CRP acres with annual income of $1,050/year which expires 9/30/2031
- Productivity Index: 118.2
- Soil types include Varna, Chenoa and Ashkum
- County Road 2550N borders along the north side
Method and Terms
A survey has been completed on all 3 tracts and each tract will be sold by the acre based on the surveyed acres. All 3 tracts will be offered through the marketing method of “Buyer’s Choice” whereas the high bidder can purchase (in any order) any or all of the tracts for their high bid. “Buyer’s Choice” auctioning will continue until all 3-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(s) 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 be on or before February 25, 2022. Possession will be given at the time of closing and all tracts sell free and clear of tenancy for 2022.
The 2021 real estate taxes, due and payable in 2022, will be paid by the sellers and the buyers will be responsible for the 2022 and all subsequent real estate taxes. Title insurance in the full amount of the purchase price will be provided by the seller.
Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal or inspection.
All announcements made sale day take precedence over 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, 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”.
Allen L DeVary
Attorney at Law
Wood, DeVary & Armstrong, P.C.
207 W. Jefferson, Suite 400
Bloomington, IL 61701
Kevin Haas (309) 264-7767