Marshall County, IL Land Auction – Shanklin

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Friday, December 16, 2022 - 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

Marshall County, Illinois

The Shanklin farm is located approximately 4 miles west of Toluca, IL or 33 miles northeast of Peoria, IL. The real estate is further described as being located in Sections 1, 10 & 12, T29N-R1W, Bell Plain Township, Marshall County, Illinois.

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Seller

Shanklin Family Trust

Managed By

Kevin Haas (309) 264-7767

General Information

377.4 Acres± (subject to survey) • 3 Tracts

The farm consist of a total of 377.4 acres± (subject to survey), will be sold in 3 tracts, and represents a combination of highly productive Class A soil, wooded areas, and potential home building sites. Farmers and outdoor enthusiast, be sure to check out these Marshall County, Illinois properties.

Note:
Tracts 1 & 2 are being sold subject to an existing cash rent lease for the 2023 crop year. Contact auction manager for details.
Tract 3 has no lease agreement for 2023.

All tracts are being sold subject to the approval of the Judge of Probate Court No.1 of Bexar County, Texas

Note:  Tracts 1 & 2 have been strip tilled for the 2023 corn crop.  Please do not drive on the strips when inspecting the farm.  The tenant appreciates your consideration.  Contact the tenant or the auction manager for further details.

Tract Information

TRACT 1 -160 Acres± (subject to survey)

  • FSA map indicates 114.01 NHEL cropland acres
  • Productivity Index (PI): 140.2 (Class A)
  • Soil types include Elburn, Sawmill, Plano, Sable, Graymont and Chenoa
  • Balance of this tract is mature timber providing excellent hunting and outdoor recreational opportunities
  • This tract is being sold subject to a cash rent lease for the 2023 crop year (contact auction manager for details)
  • 100’ x 60’ pole building
  • (2) Grain bins with 30,000 bu capacity
  • Access along the north side from CR 500N

Tract 2 – 180 Acres± (subject to survey)

  • FSA map indicates 159.53 NHEL cropland acres
  • Productivity Index (PI): 133 (Class A)
  • Soil types include Graymont, Flanagan, Chenoa, Sawmill, Catlin, Sable and Elpaso
  • Balance of this tract is mature timber providing excellent hunting and outdoor recreational opportunities
  • This tract is being sold subject to a cash rent lease for the 2023 crop year (contact auction manager for details)
  • Access along the south side from CR 500N

Tract 3 – 37.4 Acres± (subject to survey)

  • Approximately half grassland and half mature timber providing excellent hunting and outdoor recreational opportunities
  • Crow Creek North Brand winds through this tract
  • Farm pond
  • Sells free and clear of any hunting lease
  • Current access is by way of a verbal agreement with the landowner to the east.  Contact William Bailey for more information.

Method & Terms

All 3 tracts will be sold by the acre, based on the soon to be completed surveyed acres, and offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) any or all tracts for their high bid. If the high bidder does not take all offered tracts, then the remaining tract(s) will be offered. The tracts will not be offered together at the conclusion of the auction.

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 January 31, 2023. 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 will be responsible for 2023 and all subsequent taxes. Possession will be given at the time of closing, subject to a 2023 crop tenancy for Tracts 1 & 2. Tract 3 sells free and clear for 2022 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”.

Aerial Tour

SOIL TEST RESULTS

NOTE:  2 Ton Limestone was applied to both tracts after these soil tests were taken
Tract 1
pH - 6.2
P    - 109#/A
K    - 340#/A
Tract 2 West side
pH - 6.0
P    - 89#/A
K    - 276#/A
Tract 2 East side
pH - 6.3
P    - 89#/A
K    - 407#/A

YIELD HISTORY

Tract 1
Year     Corn     Beans
2022                     69
2021     257
2020                     66
2019     214
2018                     72
2017     229
Tract 2
Year     Corn     Beans
2022                      69
2021     244
2020                      64
2019     212
2018                      69
2017     233

REAL ESTATE TAX INFORMATION

Tract 1
PIN 13-10-200-001 - 140 A - $6379.14
PIN 13-10-200-002 - 20 A - $1273.04
Tract 2
PIN 13-01-300-001 - 80 A - $2642.36
PIN 13-01-300-002 - 100 A - $4063.34
Tract 3
PIN 13-12-100-007 - 37.4 A - $360.48

FSA INFORMATION

Tile Maps - Tract 2

Plat Map

Aerial Map

SOIL MAP

Subject Photos

Shanklin Family Trust

 

Representing Attorney:

William D. Bailey | Attorney At Law

1100 NW Loop 410, Suite 700, San Antonio, Texas 78213 | (210) 496-1949

wdbaileyattorney@satx.rr.com

 

Auction Manager:

Kevin Haas (309) 264-7767