Tazewell & Livingston County, IL Land Auction – Schick

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Wednesday, November 10, 2021 - 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

Tazewell & Livingston County, Illinois

Tazewell and Livingston County, Illinois

501 Acres± • 5 Tracts

Tracts 1 – 4 are located approximately 2 miles northeast of Morton, IL or approximately 10 miles east of Peoria, IL in Sections 12 and 13, T25N•R3W, Morton Township, and Section 7, T25N-R3W, Deer Creek Township, Tazewell County, IL.

Tract 5 is located approximately 2 miles west of Fairbury, IL, or 30 miles northeast of Bloomington/Normal, IL in Section 7, T26N•R6E, Indian Grove Township, Livingston County, IL.

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Seller

Henry & Elizabeth Schick Family Farm

Managed By

Kevin Haas

(309) 264-7767

General Information

Land is located in Sections 12 & 13, T25N•R3W, Morton Township; Section 7, T25N•R2W, Deer Creek Township, Tazewell County, IL and Section 7, T26N•R6E, Indian Grove Township, Livingston County, IL. To be sold in 5 tracts.

Tract 1 – 87 Acres± (Subject to survey)
Tract 2 – 87 Acres± (Subject to survey)
Tract 3 – 156 Acres± (Subject to survey)
Tract 4 – 80 Acres± (Subject to survey)
Tract 5 – 85.62 Taxable Acres±
The Henry and Elizabeth Schick Family farm contains a total of 501 acres (subject to survey in Tazewell County, IL) and will be sold in 5-tracts. Farmers and investors, be sure to check out these outstanding grain farms which represent excellent, high producing Class A soils.

Tract Information

Tract 1 - 87 Acres (Subject to survey)

  • FSA records should indicate approximately 85 tillable acres (split field)
  • Soil Productivity Index (PI): 136.7
  • Soil types to include Osco, Catlin, Ipava & Newvienna
  • Access along the north side from Harding Rd

 

Tract 2 - 87 Acres (Subject to survey)

  • FSA records should indicate approximately 84 tillable acres (split field)
  • Soil Productivity Index (PI): 138.1
  • Soil types to include Osco, Ipava & Catlin
  • Access along the north side from Harding Rd

 

Tract 3 - 156 Acres (Subject to survey)

  • FSA records should indicate approximately 149 tillable acres (split field)
  • Soil Productivity Index (PI): 137.4
  • Soil types to include Osco, Catlin, Sable & Ipava
  • The balance of the farm is in waterways
  • Access along the south side from Harding Rd

 

Tract 4 - 80 Acres (Subject to survey)

  • FSA records should indicate approximately 77 tillable acres (split field)
  • Soil Productivity Index (PI): 136.6
  • Soil types to include Osco, Ipava & Radford
  • Tract 4 contains 0.70 CRP acres with an annual payment of $238. Contract expires 9/30/2030
  • The balance of the farm is in waterways
  • Access along the south side from Harding Rd

 

Tract 5 - 85.62 Taxable Acres

  • FSA records indicate 83.9 NHEL cropland acres
  • Soil Productivity Index (PI): 128.2
  • Soil types to include Ashkum, Chenoa & Graymont
  • Access along the north side from US Rt 24 and along the west side from 1800 East Rd

Method & Terms

Tracts 1-4 will be sold by the acre based on the surveyed acres. Tract 5 will be sold by the acre based on the taxable acres. Tracts 1-4 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 4 tracts have been elected. We will then sell Tract 5. 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 December 10, 2021. Possession will be given at the time of closing. The land sells free and clear of tenancy for 2022.

The 2021 real estate taxes will be paid by the sellers, and the 2022 and all subsequent years will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase price will be provided by the seller.

Bidding is NOT subject to the following 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”.

Plat Map - Tazewell County, IL

Aerial Map - Tazewell County, IL

SOIL MAPs - Tazewell County, IL

Plat Map - Livingston County, IL

Aerial Map - Livingston County, IL

SOIL MAPs - Livingston County, IL

Photos

Henry & Elizabeth Schick Family Farm

 

Representing Attorney:

Stoller Law Office

Justin J. Stoller

15 West Front Street

El Paso, IL 61738

 

Auction Manager:

Kevin Haas (309) 264-7767