Will County, IL Real Estate Auction - Ritchie Grain

Location & General Information

After 75 years, the Rabideau family is retiring from the grain elevator business and selling 2 grain facilities located approximately 4 miles southeast of Wilmington, IL. Tract 1 contains nearly 3 million bushels of grain storage and is located just north of Ritchie, IL (west of Highway 102). Tract 2 contains nearly 1 million bushels of grain storage and is located in Ballou, IL (1 mile east of Highway 102). Both facilities have been meticulously maintained and offer tremendous opportunities for either commercial or farm grain storage.

Tract Information

TRACT 1 - RITCHIE FACILITY

Address: 34511 Elevator Rd, Wilmington, IL
2,982,000 bushels total licensed space

- 2 – 700,000 bu. Bins

. - 1 – 560,000 bu. Bin

. - 1 – 300,000 bu. Bin

. - 7 – 100,000 bu. Bins

Gamet Apollo 610A probe
12’ x 60’ truck scale
3 - dump pits
12,000 bph corn receiving leg
12,000 bph corn unload system
2 – Meyer tower grain dryers (4,200 bph at 5%)
Dust control system (new in 2014)
Newton Grain cleaner
2 – container loading augers
1,500 square foot office building
Natural gas
Electric (Contract transfers to new owner and is valid through September 2025)
Updated fill conveyors to corn bins
Elevator Rd boarders along the north and west side

Improvements in 2004 – 2006 include:

12,000 bph corn receiving leg
1 – 560,000 bu. Brock bin
2 – 700,000 bu. Brock bins
Fill conveyors to corn bins
12,000 bph corn unload system
2 – soybean unload pits

Improvements in 2019 include:

1 – 10,000 bph receiving leg

TRACT 2 - BALLOU FACILITY

Address: 20520 W Ballou Rd, Wilmington, IL
974,000 bushel total licensed space
Includes 2 - 155,000 bushel bins and several 80-100,000 bushel bins
10’ x 60’ truck scale
Newer probe and probe office
3 - dump pits
2 – Meyer tower grain dryers (3,800 bph at 5%)
2 – 40’x100’ storage buildings with concrete floors
45’x70’ storage building
70’x220’ storage building
40’x70’ heated shop
3 – propane storage tanks- 1 - 1,000 gallon • 1 - 6,000 gallon • 1 - 12,000 gallon
New corn receiving pit and building
Updated dry leg and towers
West Ballou Rd boarders along the south side

Improvements in 2014 include:

New corn receiving pit and building
155,000 bu. Brock bin
Dry leg and towers
Fill conveyors to corn bins
Electric service to the corn handling equipment

Plat of Survey

Aerial Tour

Click here for tract 1 bin charts

Click Here for tract 2 bin charts

Method & Terms

Each tract will be sold individually for a “lump sum total dollar amount”.

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 September 9, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. The 2022 real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing.

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 and all assets are being sold “AS IS”.

CLICK HERE FOR TRACT 1 PURCHASE AGREEMENT

CLICK HERE FOR TRACT 2 PURCHASE AGREEMENT