Dallas City, IL 62330(Hancock County)

Tracts 1, 2 & 3 represent productive tillable farmland (Tracts 1 & 2 are highly productive "Class A" farms!) Tract 4 represents improved pasture land along with a machine shed, livestock barns, and an older home. The older home on Tract 4 is in poor condition. Water to this tract is provided by Dallas Rural Water District with numerous livestock drinks. Tract 5 is currently fenced and being utilized as hay & pasture land. Tract 6 is entirely wooded.

This is going to be an excellent opportunity to purchase highly productive cropland, improved pasture land and recreational wooded acreage.

TRACT INFORMATION

TRACT 1 - 83.37 Surveyed Acres

FSA figures should indicate 81.33 cropland acres

Soil types include Muscatune, Sable, Atterberry, Keller, Burkhart, and Shilo (PI): 139.5

Access on the south by E CO RD 2600 and on the east by N CO RD 1650

TRACT 2 - 78.39 Surveyed Acres

FSA figures should indicate 77.17 cropland acres

Soil types include Muscatune, Rozetta, Atterberry, Sable and Burkhart (PI): 141.6

Access on the south by E CO RD 2600 and on the west by N CO RD 1650

TRACT 3 - 37.01 Surveyed Acres

FSA figures should indicate 35.59 cropland acres

Soil types include Muscatune, Rozetta and Fishhook

(PI): 115.2

Access on the west by N CO RD 1650

TRACT 4 - 123.92 Surveyed Acres

This tract is currently improved pastureland with some wooded draws. Excellent livestock farm with cross fences and numerous livestock drinks!

Improvements include a 42x64 machine shed with a 16 door on the north and a 14 door on the west; a 56x64 open front cattle/livestock barn with a 14 door on the west side; a 16x30 wood frame open front shed; a 3 car detached garage; a 20x14 wood frame shed; (2) corn cribs; a Behlen 2,000 bu grain bin and an older 2 story farm house (house is in poor condition)

Soil types include Fishhook, Rozetta, Muscatune, Hickory and Keller (PI): 90

Access on the north by E CO RD 2700 and on the west by N CO RD 1650

TRACT 5 - 39.36 Surveyed Acres

This tract is currently fenced and being utilized for pasture and hay

Soil types include Muscatune, Rozetta, Fishhook, Atterberry and Burkhart (PI): 122.1

Access on the north by E CO RD 2700 and on the west by N CO RD 1650

TRACT 6 - 3.34 Surveyed Acres

This tract is entirely wooded with some beautiful hardwood trees.

Access on the northeast by TWP. 1540N Road

METHOD & TERMS

Bidding will be on a per acre basis on all 6 tracts, based on the acreages obtained from a recently completed survey. Tracts 1-5 will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any or all of Tracts 1-5 (in any order) for their high bid. Buyers Choice auctioning will continue on Tracts 1-5 until all of Tracts 1-5 have been purchased. Tract 6 will sell last. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer will be required to sign and enter into a written 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 September 18, 2023.

The Seller will provide Title Insurance in the full amount of the purchase price. Possession on Tracts 1 & 2 will be given at the time of closing, subject to a farm lease for the 2023 crop year only. Full possession on Tracts 3, 4, 5 & 6 will be given at the time of closing. Seller will retain all farm income for 2023 and pay the 2023 Real Estate Taxes. 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.

SELLER

William H. Lionberger Estate

MANAGED BY

Jim Sullivan (217) 440-8172