Tazewell County, IL Land Auction – Schmidgall

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Tuesday, November 16, 2021 - 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

Location

Tazewell County, Illinois

228 Acres± (Subject to survey)

The Don and June Schmidgall Farm is located approximately 2 ½ miles southwest of Deer Creek, IL, or 5 miles east of Morton, IL. The land is further described as being located in Sections 17 and 20, T25N-R2W, Deer Creek Township, Tazewell County, IL.

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Seller

Don & June Schmidgall Family Farm

Managed By

Kevin Haas (309) 264-7767

General Information

Tract 1 – 77 Acres± (Subject to survey)
Tract 2 – 75 acres± (Subject to survey)
Tract 3 – 74.48 Taxable Acres
The land contains a total of 228 acres (subject to survey), and will be sold in 3-tracts which represent productive, nearly all-tillable and mostly Class A farmland. Farmers and investors, be sure to check out these productive farmland tracts which are ideally located just east of Morton, IL and just south of I-74

Tract Information

Tract 1 • 77 Acres± (Subject to Survey)

  • FSA records indicate 74.57 NHEL cropland acres
  • Soil Productivity Index (PI): 142.6 (Class A)
  • Soil types include Sable and Ipava
  • Road access along the east side from Dee Mack Rd

 

Tract 2 • 75 Acres± (Subject to Survey)

  • FSA records should indicate approximately 74.58 NHEL cropland acres
  • Soil Productivity Index (PI): 125
  • Soil types include Birkback, Ipava, Sable and Osco
  • Improvements to include:
    • 48' x 54' Morton pole building with partial concrete floor (1986)
    • 42' x 54' Morton pole building with gravel floor (1974)
    • 18' x 30' concrete block building with concrete floor
    • 12,000 bu. steel grain bin with aeration floor and fan
    • 7,000 bu. grain bin with fan
  • Road access along the west side from Chaffer Rd

 

Tract 3 • 74.48 Taxable Acres±

  • FSA records should indicate 72.06 cropland acres
  • Soil Productivity Index: 134.6 (Class A)
  • Soil types include Osco, Catlin and Radford
  • Road access along the south side from US Rt 150

method & terms

A survey will be completed prior to the auction on Tracts 1 & 2 and they will be sold by the acre, based on the final surveyed acres. Tract 3 will sell by the acre based on the taxable 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 December 17, 2021. Possession will be given at the time of closing subject to the current 2021 farm lease. The land sells free and clear of tenancy for the 2022 crop year.

The 2021 real estate taxes, due and payable in 2022, will be paid by the sellers with all subsequent years 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”. Seller reserves the right to reject any and all bids.

Plat Map

Aerial Map

SOIL MAPs

Photos - Tract 1

Photos - Tract 2

Photos - Tract 3

Don & June Schmidgall Family Farm

 

Representing Attorney:

Pat McGrath

McGrath Law Office, P.C.

113 S. Main Street

PO Box 139

Mackinaw, IL 61755

(309) 359-3461

 

Auction Manager:

Kevin Haas (309) 264-7767