Pike County, IL Land Auction – Wagner

Wednesday, August 24, 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!

$10,100 PER ACRE

 

TOTAL – $1,346,128.00

Location

Pike County, Illinois

The Wagner property is located approximately 11/2 miles north of Perry, IL, at the Junction of Hwy 104 and Hwy 107 (or 12 miles south of Mt. Sterling, IL, 30 miles west of Jacksonville, IL, or 35 miles east of Quincy, IL). The property is further described as being in Section 16, Perry Township, Pike County, Illinois. The farm contains a total of 133.28 taxable acres and will be sold as 1 tract. The farm offers a variety of opportunities with an income producing gravel pit lease, productive row crop tillable acres, CRP acres, wooded areas and Middle Fork McKee Creek which runs through the property which offers excellent hunting and recreational opportunities.

Seller

The Late Frederick “Freddie” Wagner Family Farm

Patricia Kallenbach – Executor

Managed By

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

Joe Sullivan (844) 847-2161

General Information

133 Acres± • 1 Tract

The farm contains a total of 133 Acres± and will be sold as 1-tract. The farm offers a variety of opportunities with an income producing gravel pit lease, productive tillable acres, and wooded acres with a creek which offers excellent hunting and recreational opportunities.
Entrepreneurs, farmers, hunters and investors be sure to check out this investment quality and unique property. Contact Sullivan Auctioneers for additional information.
Due to this being an active mining operation, anyone wishing to look must contact Sullivan Auctioneers, LLC Representative, Rodney Borrowman (630) 247-0667 to schedule a private showing. Due to federal laws, prospective buyers must be accompanied by a Callender Construction Representative.

Tract Information

  • 133.28 taxable acres
  • FSA figures should indicate 39.1 cropland acres of which approximately 24 acres is currently in row crop production.
  • Crop Productivity Index (PI) is 122.5 on the acres currently in row crop production. Predominant soil types include Haymond, Drury, and Sarpy
  • 9.7 acres enrolled in CRP which currently pays $983 annually. There are 2 individual CRP contracts with 7.50 acres expiring 9/30/2032. (Note this contract has been renewed and the new annual payment for this contract will be $1,347.00 through 2032.) The other contract is for 2.0 acres and will expire 9/30/2023.
  • Sells subject to a very attractive and high income producing gravel quarry lease.

- The 2021 gravel income totaled over $50,000. (Contact auction managers for specific details and to review a copy of the lease).

  • The balance of the acres represents rolling timber, a creek, and outstanding wildlife habitat.
  • Excellent access with Highway 104 on north, Highway 107 on east and County Road 3229 E on the west side.

Method & Terms

The Wagner Farm will be sold on a price per acre basis, based on the taxable acres.

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 Friday, September 30, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes payable in 2023 as the sellers will retain the 2022 crop income. Buyer will be responsible for the 2023 and all subsequent real estate taxes. Possession will be given at closing subject to the current farm tenancy for the 2022 crop year only. The farm also sells subject to a gravel quarry lease agreement with Callender Construction Co. The new buyer will receive all of the CRP income for the 2021-2022 payment year. There are no hunting leases associated with the property.

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

Plat Map

Aerial Map

SOIL MAP • Tillable Acres

Photos

The Late Frederick Wagner Family Farm

Patricia Kallenbach - Executor

 

Representing Attorney:

John B. Leonard

Law Office of John B. Leonard

132 E Main St., Mt Sterling, IL 62353

(217) 773-3814

 

 

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

Joe Sullivan (844) 847-2161