Schuyler County, IL Land Auction – Meyer

Tuesday, November 29, 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

SOLD!

TRACT 1 – $12,100 PER ACRE

TRACT 2 – $10,000 PER ACRE

TRACT 3 – $7,500 PER ACRE

TRACT 4 – $6,500 PER ACRE

TRACT 5 – $105,000 LUMP SUM

 

TOTAL – $7,579,353.00

Location

Schuyler County, Illinois

The Meyer Family farm is located approximately 5 miles northwest of Beardstown, IL, or 9 miles south of Rushville, IL, or 30 miles northwest of Jacksonville, IL. (From the junction of Highways 67 and 103, take 103 west 3½ miles to Downing Rd, then ½ mile south). The property is located in part of Sections 4 & 5 of South Bainbridge Township, and Sections 32 & 33 in North Bainbridge Township, all in Schuyler County, IL.

Seller

The Meyer Family Farm

Sonna and John Livesay

Wally and Melissa Meyer

Pamela and Tim Shocklee

Sandra and Sam Seward

Managed By

John Sullivan (309) 221-6700

General Information

The farm contains a total of 789.94 surveyed acres and will be sold in 5 tracts. Tracts 1 – 4 are nearly all-tillable, productive IL River bottomland, located in Crane Creek Drainage District with center pivot irrigation. Tract 5 is improved with grain storage and storage sheds. 

Farmers and investors, The Meyer real estate offers a tremendous opportunity to purchase nearly 800 contiguous acres of productive Illinois River bottomland.

tract information

TRACT 1 • 188.48 SURVEYED ACRES

  • FSA maps indicate 187.35 cropland acres
  • Productivity Index (PI): 127.4
  • Soil types include Virgil, Vesser and Beaucoup
  • Improved with a Zimmatic 6-tower electric drive center pivot irrigator
  • Currently, there is additional irrigation coverage from an adjoining landowner to the west
  • Road access along the north side by Cottonwood Road

TRACT 2 • 303.29 SURVEYED ACRES

  • FSA maps indicate 285.40 cropland acres (additional acres are being row cropped)
  • Productivity Index (PI): 123.6
  • Soil types include Titus, Wilbur, Orion and Beaucoup
  • Improved with a Valley 10-tower electric drive center pivot irrigator
  • Currently, there is additional irrigation coverage from the pivot on Tract 1
  • Road access along the north side by Cottonwood Road. Sandy Bend Road borders along the east side but a drainage ditch does not allow access to this tract

TRACT 3 • 269.28 SURVEYED ACRES

  • FSA maps indicate 263.01 cropland acres
  • Productivity Index (PI): 114.7
  • Soil types include Titus, Vesser, Dickinson, Oakville and Virgil
  • Improved with a Zimmatic 5-tower electric drive center pivot irrigator
  • Currently, there is some additional irrigation coverage from an adjoining landowner to the north
  • Road access along the west side by Sand Ridge Road

TRACT 4 • 21.73 SURVEYED ACRES

  • FSA maps indicate 20.78 cropland acres
  • Productivity Index (PI): 116.5
  • Soil type - Titus
  • Currently, access is across an adjoining landowner, from the west off Sand Ridge Road. Sandy Bend Road borders along the south side but a drainage ditch currently does not allow access to this tract

TRACT 5 • 7.16 SURVEYED ACRES

  • The land lays level with a mature wind break
  • Improvements:
    • (2) 20,000 bushel steel grain bins with aeration
    • (3) 10,000 bushel steel grain bins with aeration
    • (4) additional bins with 25,000 bushel capacity
    • 60’ x 102’ machine shed, an older grainery, and a quonset building
    • A small, older, and dilapidated 1-story brick building (formally used by the City of Rushville)
  • Cottonwood Road borders along the north side

Method & Terms

All 5 tracts will be surveyed. Tracts 1 – 4 will sell by the acre, based on the surveyed acres; Tract 5 will sell for a lump sum, total dollar amount.

Tracts 1 – 4 will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) any or all 4 tracts for their high bid. “Buyers Choice” auctioning will continue until all 4 tracts have been elected. We will then sell Tract 5. The tracts will NOT be offered together or in any combinations 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. The balance of the bid price will be due at the time of closing, on or before December 29, 2022.

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. Buyer to pay the 2023 and all subsequent taxes. Possession on Tracts 1 – 4 will be given at the time of closing subject to any remaining 2022 unharvested crop (These 4 tracts sell free and clear of tenancy for 2023 and beyond). Possession on Tract 5 will be given at closing, however, use of the buildings and grain bins are being reserved until April 1, 2023.

There are no agreements in place, and no representations are made, that any pivot irrigation will continue to swing over or provide coverage to any adjoining property or that any pivot irrigation will be permitted to swing over any adjoining property.  Any such agreements will be up to the buyers/owners to work out and agree upon after the closing.

Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection.

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 and improvements are being sold “As Is”.

Aerial Tour

Tax Map

Survey Maps

Plat Map

Aerial Map

Soil Maps

Subject Photos

The Meyer Farm

Sonna and John Livesay

Wally and Melissa Meyer

Pamela and Tim Shocklee

Sandra and Sam Seward

 

Representing Attorney:

Richard R Freeman  |  Rammelkamp Bradney

232 West State Street, Jacksonville, IL 62650  |  (217) 245-6177

 

Auction Manager:

John Sullivan (309) 221-6700