Auction Information
Online Bidding SiteIROQUOIS COUNTY, IL LAND AUCTION - LOWE
Wednesday, January 17, 2024 - 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
Iroquois County, Illinois
The land is located 2 miles northwest of Loda, IL, or 30 miles north/northeast of Champaign, IL. The land is further described as being located in Section 18, T24N-R10E, Loda Township, Iroquois County, Illinois.
SELLER
Iven L. Lowe Estate
Alice Lavonne Wade, Executor
MANAGED BY
Kevin Haas (309) 264-7767
GENERAL INFORMATION
80 taxable acres 1 tract
Farmers & investors, take advantage of this opportunity to purchase a high ROI farm with quality soils that is close to excellent grain market outlets.
TRACT INFORMATION
80.0 taxable acres
FSA records indicate 77.93 NHEL cropland acres
Soil types include Clarence, Rowe, Chatsworth, and Bryce
Excellent ROI opportun...
Excellent ROI opportunity
65 BPA soybeans produced in 2023
The balance of the farm is in wooded draws, which provides an opportunity for whitetail deer hunting
Productivity Index (PI): 96.6
Access along the north side from 400N Rd and along the west side from 000E Rd (County Line Rd)
REAL ESTATE TAX INFORMATION
PIN 36-18-100-007 - 80.0A - $1639.92
METHOD & TERMS
The Lowe 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 Tuesday, February 20, 2024.
The seller will provide title insurance in the full amount of the purchase price and will pay all the 2023 taxes, due and payable in 2024, with a credit at closing. Buyer will pay all the 2024 taxes and beyond. Open lease for 2024 crop year and beyond. Possession at closing.
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.
Iven L. Lowe Estate
Alice Lavonne Wade, Executor
Representing Attorney:
Justin J. Stoller
15 West Front Street, El Paso, IL 61738 | (309) 527-4300
Auction Manager:
Kevin Haas (309) 264-7767
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Iroquois County, Illinois
The land is located 2 miles northwest of Loda, IL, or 30 miles north/northeast of Champaign, IL. The land is further described as being located in Section 18, T24N-R10E, Loda Township, Iroquois County, Illinois.