Knox & Fulton County, IL Land Auction – Powell

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Tuesday, November 15, 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

Knox & Fulton County, Illinois

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Seller

Jan F. Powell Revocable Trust

Jenny Powell Barrick

 

Managed By

Brandt Henness (309) 224-4276

John Sullivan (309) 221-6700

 

Location & General Information

502 Acres± (Subject to Survey) • 6 Tracts

The Powell farm real estate is located south of Knoxville, IL, in Knox County, and north of Cuba, IL, in Fulton County. The land contains a total of 502.41 acres, will be sold in 6-tracts, 5 of which represent nearly all-tillable Class A farmland, and 1-tract is wooded with excellent hunting. Tracts 1-5 are located approximately 3 miles south of Knoxville, IL, in Sections 9, 17 and 18, T10N-R2E, Orange Township, Knox County, IL. Tracts 1-4 are nearly all-tillable with Class A soil ratings. Tract 5 is mostly mature timber land which offers outstanding hunting and outdoor recreational opportunities as well as potential new home sites. Tract 6 is located approximately 4 miles northwest of Cuba, IL, or 10 miles west of Canton, IL, in Section 1, T6N-R2E, Cass Township, Fulton County, IL, contains 158.07 taxable acres, and is nearly all-tillable with Class A soils. 

Farmers, investors, outdoor enthusiasts and home builders - be sure to check out these outstanding of Fulton and Knox County, IL farms.

Tract Information

Tract 1 - 64 Acres± (Subject to Survey)

  • FSA maps indicate 60.87 NHEL cropland acres
  • Soil Productivity Index (PI): 135.7 (Class A)
  • Soil types include Ipava, Clarksdale and Osco
  • Located in the Southwest Quarter, Section 9, 10N-R2E, Knox County, IL
  • Knox Hwy 8 borders along the west side

Tract 2 - 44 Acres± (Subject to Survey)

  • FSA maps indicate 38.9 NHEL cropland acres
  • Soil Productivity Index (PI): 136.7 (Class A)
  • Soil types include Ipava, Greenbush, Sable and Rozetta
  • Located in the Southwest Quarter, Section 9, 10N-R2E, Knox County, IL
  • Knox Hwy 8 borders along the west side and Knox Rd 1000 N borders along the south side

Tract 3 - 43.11 Taxable Acres±

  • FSA maps indicate 41.07 NHEL cropland acres
  • Soil Productivity Index (PI): 141.7 (Class A)
  • Soil types include Ipava and Osco
  • Located in the Northeast Quarter, Section 17, 10N-R2E, Knox County, IL
  • 1000 N Rd borders along the north side and 750 E along the west side

Tract 4 - 115 Acres± (Subject to Survey)

  • FSA maps should indicate approximately 108 NHEL and 5 HEL cropland acres (split fields)
  • Soil Productivity Index (PI): 133.8 (Class A)
  • Soil types include Ipava, Clarksdale, Greenbush and Osco
  • Located in the Northwest Quarter, Section 17, 10N-R2E, Knox County, IL
  • 1000 N Rd borders along the north side and 750 E along the east side

Tract 5 - 85 Acres± (Subject to Survey)

  • Nearly all mature timber
  • Approximately 6 cropland acres (split fields)
  • Outstanding  wildlife and outdoor recreational tract
  • Whitetail deer, wild turkey and other small game abundant
  • New home/cabin building sites
  • Located in the Northwest Quarter, Section 17 and northeast quarter of Section 18, 10N-R2E, Knox County, IL
  • 1000 N Rd partially borders on the north side

Tract 6 - 158.07 Taxable Acres±

  • FSA maps indicate 150.2 NHEL cropland acres
  • Balance of the acres is a grass waterway
  • Soil Productivity Index (PI): 136.4 (Class A)
  • Soil types include Ipava, Sable, Clarksdale and Rozetta
  • Located in the Northeast Quarter Section 1, T6N-R2E, Fulton County, IL
  • E Sinnett Chapel Rd borders along the south side, N Cass Rd borders along the east side and E Eskridge Rd along the north side

Method & Terms

All 6 tracts will be sold on a price per acre basis. Tracts 1, 2, 4, and 5 will sell based on the soon to be completed surveyed acres; and Tracts 3 and 6 will sell based on the taxable acres. Tracts 1 - 5 will be offered 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 then the remaining tract(s) will be offered until all 5 tracts have been elected. Tract 6 will be sold individually on taxable acres. The tracts will NOT be offered together or 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 take place on or before December 15, 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. Possession will be given at the time of closing, subject to any remaining tenancy for the 2022 crop year only. The land sells free and clear of tenancy for 2023 and beyond.

Bidding is NOT subject to any 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”.

FSA Maps

Plat Maps

Aerial Maps

SOIL MAPS

tract 1 Photos

tract 2 Photos

tract 3 Photos

tract 4 Photos

tract 5 Photos

tract 6 Photos

Jan F. Powell Revocable Trust - Seller

Jenny Powell Barrick

 

Representing Attorney:

Steve Holland

Holland & Holland

397 W. Main St., Bushnell, Illinois 61422

(309) 772-3178

 

Auction Managers:

John Sullivan (309) 221-6700

Brandt Henness (309) 224-4276