Auction Information
Online Bidding SiteHENRY COUNTY, IL LAND AUCTION - 53-19 INVESTMENT, LLC
Friday, November 17, 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
Henry County, Illinois
The farm is located approximately 3.5 miles Northeast of Bishop Hill, IL and 5.7 miles Southeast of Cambridge, IL along N 700th Ave. The farm is further described as being located in Section 25, T15N R3E, Cambridge Township, Henry County, Illinois.
SELLER
53-19 Investment, LLC
MANAGED BY
Isaac Taber (309) 335-8081
Brandt Henness (309) 224-4276
GENERAL INFORMATION
80.81 taxable acres 1 tract
The farm represents highly productive, Class A tillable farmland.
TRACT INFORMATION
80.81 taxable acres
FSA figures indicate 81.34 cropland acres -- Includes 1.4 acres enrolled in CRP with a payment of $477.00 annually, expires 9/30/2027
Productivity Index (PI): 139 (Class A)
...
Soil types include Ipava, Plano & Sable
Wind energy 2023 payment $2,994.72
OYA solar lease option 2023 payment of $2,500.00
Improved with extensive tile work
METHOD & TERMS
The 53-19 Investment, LLC farm will be sold on a price per acre basis, based on 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 or before December 15, 2023.
The seller will provide title insurance in the full amount of the purchase price. Seller will receive all the 2023 cash rent income and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing, based on 2022 taxes. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing cash rent lease for the 2023 crop year.
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.
53-19 Investment, LLC
Representing Attorney:
Robert Lindstrom & Reynolds M. Rip Everett | Barash & Everett, LLC
110 N. Exchange Street, Galva, Illinois 61434 | (309) 932-2001
Auction Manager:
Isaac Taber (309) 335-8081
Brandt Henness (309) 224-4276
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Henry County, Illinois
The farm is located approximately 3.5 miles Northeast of Bishop Hill, IL and 5.7 miles Southeast of Cambridge, IL along N 700th Ave. The farm is further described as being located in Section 25, T15N R3E, Cambridge Township, Henry County, Illinois.