Henry County, IL Land Auction – Vander Ark

Wednesday, December 01, 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

SOLD!

TRACT 1 – $14,300 PER ACRE

TRACT 2 – $10,100 PER ACRE

TRACT 3 – $11,200 PER ACRE

TRACT 4 – $11,200 PER ACRE

TRACT 5 – $8,500 PER ACRE

 

TOTAL – $4,765,467.00

Location

Henry County, Illinois

The Vander Ark Trust real estate is located northeast of Galva, IL in Sections 23 & 26 of Galva Township; and north of Kewanee, IL, in Sections 21 & 28 and Sections 4 & 9 of Kewanee Township; all in Henry County, IL (approximately 25 miles northeast of Galesburg, IL).

Seller

Vander Ark Trust

Managed By

John Sullivan (309) 221-6700

Luke Sullivan (309) 371-5214

General Information

The property contains a total of 392.69 taxable acres, will be sold in 5-tracts and represents productive, nearly all-tillable farmland (some Class A soils) as well as potential residential/commercial development land.

Aerial Tour

tract information

Tract 1 - 183 Taxable Acres

  • FSA maps indicate 178.38 cropland acres
  • Soil Productivity Index (PI): 136.7 (Class A)
  • Soil type is predominately Osco with a small amount of Radford and Ipava
  • Road access along the north side by County Road N300th Ave.
  • The BNSF railroad runs along the south side
  • Power lines cross this tract on the south end which provides an annual income of $8,000/year

Tract 2 - 78.25 Taxable Acres

  • FSA maps indicate 73.66 cropland acres
  • Soil Productivity Index (PI): 112.1
  • Soil types include Sylvan, Greenbush and Fayette
  • Road access on the east side by N East St and along the north side
  • This attractive property offers many possibilities with productive cropland and potential development in the Kewanee community

Tract 3 - 39.23 Taxable Acres (Estimated)

  • FSA maps indicate 38.7 cropland acres
  • Soil Productivity Index (PI): 125.7
  • Soil types include Greenbush and Sylvan
  • Road access along the south side by W State Road
  • This property is nearly all-tillable and located west of and just off Highway 78

Tract 4 - 50.03 Taxable Acres (Estimated)

  • FSA maps indicate 49.54 cropland acres
  • Soil Productivity Index (PI): 124.7
  • Soil types include Greenbush and Fayette
  • Road access along the north side by W State Road
  • This property is nearly all-tillable and located west of and just off Highway 78

Tract 5 - 42.18 Taxable Acres

  • FSA maps indicate 36.82 cropland acres
  • Soil Productivity Index (PI): 112
  • Soil types include Greenbush, Fayette and Hickory
  • Road access along the northwest side by Highway 78
  • This property is nearly all-tillable and located along Highway 78

real estate tax information

Tract 1
PIN 24-23-200-006 - 123 acres - $4,644.74
PIN 24-23-100-003 - 60 acres - $2,323.76
Tract 2
PIN 20-21-476-001 - 39 acres - $788.80
PIN 20-28-226-004 - 39.25 acres - $871.66
Tract 3
PIN 20-04-400-019 - 39.23 acres (estimated) - $1,110.62 (estimated)
Tract 4
PIN 20-04-400-019 - 20.3 acres (estimated) - $574.73 (estimated)
PIN 20-09-200-013 - 29.73 acres - $785.60
Tract 5
PIN 20-09-200-009 - 32.72 acres - $631.84
PIN 20-04-400-017 - 9.46 acres - $194.14

Method & Terms

Each tract will be sold by the acre, based on taxable acres. All 5-tracts will be offered through the marketing method of “Buyer’s Choice” whereas the high bidder can elect (in any order) any or all of the tracts for their high bid. “Buyer’s Choice” auctioning will continue until all 5-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 29, 2021. Possession will be given at the time of closing and all tracts sell free and clear of tenancy for 2022.

The 2021 real estate taxes, due and payable in 2022, will be paid by the sellers. 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”.

Plat Maps

Aerial Maps

FSA Information

tract 1 power pole easement agreement

SOIL MAPs

Photos

Vander Ark Trust

 

Representing Attorney:

John M. Blachinsky
Barash & Everett, LLC
211 W. 2nd Street
Kewanee, Illinois 61443
(309) 852-5555