STARK COUNTY, IL LAND AUCTION - UP-SIDE-DOWN ACRES TRUST

Tract 1 - 114.87 taxable acres

• FSA records indicate 116.33 NHEL cropland acres
• Productivity Index (PI): 137.2 (Class A!)
• Soil types include Catlin, Elpaso, Muscatune, and Osco
• Access along the south side from Castleton Rd (950N)

Tract 2 - 77.37 taxable acres

• FSA records indicate 75.98 cropland acres
  • Includes 8.26 acres CRP (CP1), $2,073.00 annual income, expires 9/30/2032
• Productivity Index (PI): 120
• Soil types include Osco, Elkhart, Assumption, Radford, and Fayette
• Access along the west side from 950E Rd

Tract 3 - 37.20 surveyed acres

• FSA records indicate 25.73 cropland acres
  • Includes 4.67 acres CRP (CP1), $719.00 annual income, expires 9/30/2032
• Productivity Index (PI): 136.7 (Class A!)
• Soil types include Catlin, Sable, and Osco
• The balance of this tract is timber and grassland which provides hunting and outdoor recreational opportunities
• Access along the east side from Snareville Rd (1215 E Rd) and along the south side from 1000N Rd

Tract 4 - 33.63 surveyed acres

• This tract is a combination of mature timber, brushy draws, and a small pond
• Excellent deer and turkey hunting
• Hunters – this is what you are looking for!
• Access along the south side by way of a 30’ wide shared easement at the dead end of 1000N Rd

Tract 5 - 74.66 surveyed acres

• FSA records indicate 70.32 NHEL cropland acres
• Productivity Index (PI): 128.9
• Soil types include Lawson, Proctor, Plano, and Elburn
• Access in the southeast corner by way of a 30’ wide shared easement at the dead end of 1000N Rd

Tract 6 - 45.00 surveyed acres

• FSA records indicate 39.91 NHEL cropland acres
• Productivity Index (PI): 135.4 (Class A!)
• Soil types include Huntsville and Lawson
• Access along the east side by way of a 30’ wide shared easement that starts at the dead end of 1000N Rd and continues through Tract 5 along the edge of the Spoon River
• Buyer of this tract will need to install a river crossing from this easement

Tract 7 - 90.61 surveyed acres

• FSA records indicate 23.94 NHEL cropland acres
  • All CRP (CP1) acres, $3,686 annual income, expires 9/30/2032
• Productivity Index (PI): 93.1
• Soil types include Lenzburg, Rapatee, and Lenzburg
• The balance of this tract is a combination of mature timber, brushy draws, grassland, and small ponds
• Excellent deer and turkey hunting and other outdoor recreational opportunities
• Hunters – this is what you are looking for!
• Access in the southeast corner from 950N Rd
• Buyer of this tract will need to install a field entrance

Tract 8 - 84.79 surveyed acres

• FSA records indicate 36.53 cropland acres
  • Includes 32.54 CRP (CP1) acres, $5,010.00 annual income, expires 9/30/2032
• Productivity Index (PI): 60.3
• Soil types include Lenzburg and Huntsville
• The balance of this tract is a combination of mature timber, brushy draws, grassland and 2.5 acre stocked pond
• Excellent deer, turkey, and waterfowl hunting, excellent fishing, and other outdoor recreational opportunities
• Access along the north side at the dead end of 1000N Rd

Tract 9 - 107.76 surveyed acres

• FSA records indicate 82.58 cropland acres
  • Includes 7.26 CRP (CP1) acres, $1,118.00 annual income, expires 9/30/2032
• Productivity Index (PI): 127
• Soil types include Catlin, Rozetta, Osco, and Radford
• The balance of this tract is mature timber and brushy draws
• Excellent deer & turkey hunting and other outdoor recreational opportunities
• Access along the north side from 1000N Rd and along the south side from 950N Rd

Tract 10 - 3.00 surveyed acres (lump sum)

• Country home with buildings and grain bins site
  • 3 bedroom (one non conforming), 1 bath, central A/C, LP furnace, gas fireplace
  • Anderson windows throughout
  • Major appliances convey with the house; refrigerator, stove, washer, dryer
• Barn with attached machinery storage building and shop area
• 25,000+ bu. grain storage
• Access along the south side from 1000N Rd
• Open House: Thursday, February 1, 4:00 - 5:00 PM and Saturday, February 3, 10:00 - 11:00 AM
• Note: The seller reserves the right to remove additional personal property, equipment, and other chattel items before closing.

Tract 11 - 3.2 taxable acres (lump sum)

• Former grain elevator located along the southeast side of the village of Castleton
• Access along the west side from S Castleton Rd (1450E Rd) and along the north side from Concord St

Tracts 1-9 of the Up-Side-Down Acres farm will be sold on a price per acre basis, based on taxable or surveyed acres, and will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect Tracts 1-9 for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all of Tracts 1-9 have been elected. Tract 10 will then be sold for a lump sum total dollar amount, followed by Tract 11, which will be sold for a lump sum total dollar amount. 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 take place on or before March 15, 2024 for Tracts 1-9 and 11. Tract 10 only will close on or before April 15, 2024.

The seller will provide title insurance in the full amount of the purchase price. Seller will pay the 2023 real estate taxes due in 2024 with a credit at closing. Taxes for Tract 10 only will be pro-rated to the date of closing with a credit at closing. Buyer pays 2024 taxes and beyond. Possession at closing. Open lease for 2024 crop year. No hunting leases. Seller will convey any and all mineral rights owned by them.

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”.

Tract 1

• PIN 05-10-300-003 - 40.0A - $1917.70
• PIN 05-15-100-005 - 74.87A - $2958.76

Tract 2

• PIN 04-03-200-002 - 77.37A - $2654.66

Tracts 3 & 10

• PIN 04-12-400-002 - 20.0A - $755.66
• PIN 05-07-300-003 - 20.0A - $1965.76

Tracts 4-8

• PIN 04-13-100-002 - 134.81A - $1280.76
• PIN 04-13-200-007 - 20.8A - $232.04
• PIN 04-12-300-002 - 133.47A - $4950.32
• PIN 04-12-200-007 - 0.65A - $0
• PIN 04-12-100-004 - 40.58A - $1533.34

Tract 9

• PIN 04-13-200-013 - 105.54A - $3294.06

Tract 11

• PIN 05-16-200-021 - 3.2A - Exempt