Auction Information
Online Bidding SiteIROQUOIS COUNTY, IL LAND AUCTION - SCHUMACHER
Monday, March 4, 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 Schumacher farm is located 5 miles southeast of Onarga, IL or 40 miles northeast of Champaign, IL. The farm is further described as being located in Section 4, T25-NR14W, Onarga Township, Iroquois County, Illinois.
SELLER
Schumacher Farm
MANAGED BY
Kevin Haas (309) 264-7767
GENERAL INFORMATION
93.26 taxable acres 1 tract
Farmers & investors dont miss this opportunity to purchase a well-maintained farm that is located close to excellent grain market outlets.
TRACT INFORMATION
93.26 taxable acres
FSA records indicate 91.26 NHEL cropland acres
Productivity Index (PI): 127.4
Soil types include Milford, Martinton, and Rantoul
Access along the east side from CR 100...
Access along the east side from CR 1000E
REAL ESTATE TAX INFORMATION
PIN 31-04-200-026 - 93.26A - $3227.22
Includes $173.26 drainage district tax
SOIL TEST RESULTS
pH - 6.5
P - 37 #/A
K - 323 #/A
YIELD HISTORY
2023 Beans 54 BPA
2022 Corn 202 BPA
2021 Beans 56 BPA
METHOD & TERMS
The Schumacher 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 Wednesday, April 10, 2024.
The seller will provide title insurance in the full amount of the purchase price. Seller will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Buyer will pay all 2024 and beyond taxes. 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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.
Schumacher Farm
Representing Attorney:
Kevin Luebchow
PO Box 17601, Urbana IL 61803 | (217) 714-4043
Auction Manager:
Kevin Haas (309) 264-7767
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Iroquois County, Illinois
The Schumacher farm is located 5 miles southeast of Onarga, IL or 40 miles northeast of Champaign, IL. The farm is further described as being located in Section 4, T25-NR14W, Onarga Township, Iroquois County, Illinois