Henry & Bureau County, IL Land Auction – Vander Ark

Wednesday, August 10, 2022 - 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

SOLD!

TRACT 1 – $16,100 PER ACRE

TRACT 2 – $8,250 PER ACRE – N/S

TRACT 3 – $7,150 PER ACRE 

 

TOTAL – $4,188,660.00

Location

Henry & Bureau County, Illinois

Seller

Vander Ark Trust

Managed By

John Sullivan (309) 221-6700

Luke Sullivan (309) 371-5214

Location & General Information

Tract 1 of the Vander Ark real estate is located approximately 3 miles west of Kewanee, IL, in Section 35, T15N-R4E, Burns Township, Henry County, IL. This tract contains 160.4 taxable acres, has Class A soils with a PI rating of 138.5 and is improved with a wind turbine.

Tract 2 is located approximately 7 miles northwest of Kewanee, in Section 12, T15N-R4E, Burns Township, Henry County, IL, and contains 155 taxable acres, is nearly all-tillable, productive farmland and has an income-producing wind lease (no infrastructure).

Tract 3 is located approximately 7 miles southeast of Annawan, IL, (between Mineral & Sheffield, IL) in Section 21, T16N-R6E, Mineral Township, Bureau County, IL. This tract contains 45.8 taxable acres, is former coal mine land that has not been reclaimed and 2 strip-mined ponds which offer excellent recreational, hunting and fishing opportunities.

Tract Information

Tract 1 - 160.4 Taxable Acres

  • FSA maps indicate 159.03 cropland acres
  • Productivity Index (PI): 138.5 (Class A)
  • Soil types include Ipava and Osco
  • Improved with a recently installed wind turbine:
    • 4.3 Megawatt wind turbine
    • Annual income $21,496.00
    • 2.5% annual escalator increase
    • 50 year contract
    • Avangrid Renewables LLC
  • N 650th Ave runs borders on the south side and E 2200th St on the west side
  • Fantastic farm real estate with outstanding, Class A soils and income producing wind turbine.

Tract 2 - 155 Taxable Acres

  • FSA maps indicate 144.19 cropland acres
  • Productivity Index (PI): 107.4
  • Soil types include Sylvan, Fayette, Greenbush and Elco
  • Balance of the acres is patches of woods which offers very good White tail deer hunting
  • Wind lease (no turbine or infrastructure):
    • Annual income $6,665.00
    • 2.5% annual escalator increase
    • 50 year contract
    • Avangrid Renewables LLC
  • E 2300th St borders on the west side

Tract 3 - 45.80 Taxable Acres

  • FSA maps indicate 26.9 cropland acres (no acres currently being row cropped)
  • Excellent hunting and fishing parcel with:
    • Unclaimed strip-mine areas
    • Wooded areas
    • Narrow strip-mine bodies of water
  • Excellent hunting with Whitetail deer, wild turkey, small game and other wildlife abundant
  • 1410 N Road boarders on the south side

Real Estate Tax Information

Tract 1

  • PIN 19-35-100-001 - 106 acres - $5,045.78
  • PIN 19-35-100-002 - 54.40 acres - $2,974.42

Tract 2

  • PIN 19-12-300-004 - 155 acres - $3,139.70

Tract 3

  • PIN 13-21-300-007 - 45.80 acres - $80.42

Soil Test Results - Tracts 1 & 2

Tract 1 Crop Yields

  • 2020 - Soybeans 74 bushels per acre
  • 2021 - Corn 312 bushels per acre

Tract 2 Crop Yields

  • 2020 - Corn 212 bushels per acre
  • 2021 - Soybeans 72 bushels per acre

TILE MAP - TRACT 1

FSA INFORMATION

Method & Terms

All 3-tracts will be sold individually, in the order listed and on a price per acre basis based on the taxable acres. The tracts will not be offered together or in any combinations at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written real estate sales contract with the seller and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until the time of closing. The balance of the purchase price will be due at closing, on or before September 30, 2022. 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. Possession will be given at the time of closing subject to a crop tenancy on the cropland acres for 2022 only. There are no hunting leases associated with these properties.

All announcements made sale day take precedence over any prior advertising either written or oral.

The information in our brochure, on our website and in our advertisements 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 all information to their satisfaction. There are no expressed or implied warranties pertaining to the property and the real estate is being sold “As Is”.

Aerial Tour

Plat Maps

Aerial Maps

SOIL MAPs

Photos

Vander Ark Trust

 

Representing Attorney:

John M. Blachinsky | Barash & Everett, LLC

211 W. Snd St., Kewanee, IL 61443

(309) 852-5555

 

Auction Managers:

John Sullivan (309) 221-6700

Luke Sullivan (309) 371-5214