Auction Information
Online Bidding SiteADAMS COUNTY, IL LAND AUCTION WEGS
Thursday, October 19, 2023 - 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
LOCATION
Adams County, Illinois
The Wegs farm is located a short distance northeast of Lima, IL between Lima & Tioga on dead end road E 800th St. The farm is further described as being located in Section 6, T2N - R8W, Lima Township, Adams County, IL.
SELLER
Donna Wegs
MANAGED BY
Michael Sullivan (309) 333-0916
GENERAL INFORMATION
153.85 Taxable Acres 1 Tract
This piece represents a combination of tillable cropland & timber/draws which make an excellent hunting & recreational farm.
TRACT INFORMATION
FSA figures indicate 68.99 acres of cropland currently in row crop production.
Productivity Index Rating (PI): 111.3
The balance of the tract represents timber, draws & overgrown brushy areas which...
The balance of the tract represents timber, draws & overgrown brushy areas which make for excellent whitetail deer & other wildlife habitat.
This tract lies in northern Adams County & offers some of the best trophy whitetail hunting in the midwest.
Take a look at this tremendous combination farm which offers great hunting & a great ROI.
Plenty of places for food plots, stand/blind placement, ponds & even potential building sites - this tract offers it all!
Access is at the southeast corner by dead end road E 800th St. From the southeast corner of the farm, there is a farm road which takes you up through the timber to the top of the tillable field in the center of the farm.
METHOD & TERMS
The Wegs Farm will be sold on a price per acre basis, based on taxable acres. A survey will NOT be conducted.
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 Monday, November 20, 2023.
The seller will provide title insurance in the full amount of the purchase price. Seller will retain all of the 2023 cash rent income and will pay all of the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing cash rent lease for the 2023 crop 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.
Donna Wegs
Representing Attorney:
Jeff Terry | Schmiedeskamp Robertson Neu & Mitchell LLP
525 Jersey St, Quincy, IL 62301 | (217) 223-3030
Auction Manager:
Michael Sullivan (309) 333-0916
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The Wegs farm is located a short distance northeast of Lima, IL between Lima & Tioga on dead end road E 800th St. The farm is further described as being located in Section 6, T2N - R8W, Lima Township, Adams County, IL.