Tazewell County, IL Land Auction - Wedge Mulligan LLC

FSA Information

Location & General Information

The Wedge Mulligan real estate is located at the east edge of Pekin, IL or 7 miles southwest of Morton, IL or 10 miles southeast of Peoria, IL. From Parkview Golf Course at the east edge of Pekin, take Broadway Street east 2 miles to Veterans Drive, then north 1 mile to Sheridan Road, then west 1/4 mile to California Drive, then south 1/4 mile to the farm. The property is further described as being in the Southwest Quarter of Section 32, T25N-R4W, Groveland Township, Tazewell County, IL.

The property contains 41.5 acres (subject to survey), and will be sold in 1-tract which is mostly open, rolling farmland.

Investors, farmers and developers - be sure to check out this real estate which offers unlimited development possibilities.

Tract Information

41.5 acres (subject to survey)
FSA maps indicate 36.15 cropland acres
Productivity Index (PI): 118.9
Soil types to include Rozetta, Birkbeck and Ipava
The balance of the acres are woods and grass waterways
Zoned R-1 One Family Residential
Adjoins the Pekin Country Club on the west side
The property offers many possibilities - farmland, new home construction, business/commercial development and recreational
The east portion of the property lies in an Enterprise Zone
California Drive borders along the east side

Method and Terms

The real estate will be sold on a price per acre basis, based on the final surveyed 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 or before October 31, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 and the 2022 real estate taxes. Seller will retain all the 2022 farm income. Possession will be given at the time of closing.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property. All announcements made on 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”