Adams County, IL Land Auction – Sorrill

Wednesday, December 07, 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

Adams County, Illinois

Seller

Robert F. Sorrill Trust

Sally Madio – Trustee

Managed By

Michael Sullivan (309) 333-0916

Location & General Information

72.825 Surveyed Acres • 1 Tract

The Sorrill farm is located east of Quincy, IL near Quincy Regional Airport and is further described as being located in Section 3, T2S-R7W, Burton Township, Adams County, IL.  The farm represents productive, tillable cropland with an ideal location and endless possibilities.  The farm is also improved with a couple of pole buildings and a grain bin.

Tract Information

72.825 Surveyed Acres - 1 Tract

  • FSA figures should indicate approx. 64 acres of cropland currently in row crop production
  • Productivity Index Rating (PI): 109.5
  • Soil types include Clarksdale, Bunkum, Winfield, Timewell, Keswick & Keomah
  • The balance of the farm represents grass waterways and an area in the SW corner which is improved with (2) farm buildings and a grain bin
  • This tract offers potential development and/or building sites with an ideal location next to Quincy Regional Airport.
  • Access is along the west side by E 1600th St.

Method & Terms

The Sorrill farm will be sold on a price per acre basis, based on a recently completed survey.

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 Tuesday, January 10, 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 any remaining crop tenancy for the 2022 crop year only. The properties sell 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”.

Plat Map

Aerial Maps

SOIL MAP

Subject Photos

Robert F. Sorrill Trust

Sally Madio - Trustee

 

Representing Attorney:

Rebecca Wallenfelsz  |  Chapman & Cutler LLP

320 South Canal St., 27th Floor, Chicago, IL 60606  |  (312) 845-3442

 

Auction Manager:

Michael Sullivan (309) 333-0916