Auction Information
Online Bidding SiteKNOX COUNTY, IL LAND AUCTION - RUNYON
LOCATION
Knox County, Illinois
The Runyon Family Trust real estate is located approximately 2.8 miles north of Yates City, IL. Access for Tract 1 is along 750 N, access for Tract 2 is along Knox Rd 2300 E and Knox Rd 700 N, and access for Tract 3 is along Knox Rd 2300 E. These tracts are further described as being located in Sections 25 & 26, T10N-R4E, Elba Township, Knox County, Illinois.
SELLER
Runyon Family Trust
Daniel R. Runyon & James L. Runyon, Co-Trustees
MANAGED BY
Isaac Taber (309) 335-8081
Dan Sullivan
GENERAL INFORMATION
207.94 total acres 3 tracts
The Runyon Family Trust real estate represents high quality farmland in Knox County, IL. A great opportunity to add on to an existing farm operation or investment portfolio.
TRACT INFORMATION
Tract 1 - 80.53 taxable acres
FSA figures indicate 74.88 cropland acres
Productivity Index (PI): 135.4 (Class A)
Soil types include Ip...
Soil types include Ipava, Osco, Assumption
Access is along 750 N
Tract 2 - 45.65 surveyed acres
FSA figures indicate 40.96 cropland acres
Productivity Index (PI): 121.2
Soil types include Osco, Elkhart
Access is along Knox Rd 2300 E and Knox Rd 700 N
Tract 3 - 81.76 surveyed acres
FSA figures indicate 70.56 cropland acres
Productivity Index (PI): 107.8
Soil types include Hickory, Elkhart, Osco
Access is along Knox Rd 2300 E
METHOD & TERMS
The Runyon Family Farms real estate will be sold on a price per acre basis, based on taxable acres for Tract 1 and surveyed acres for Tracts 2 & 3. The tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any or all tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tracts will continue to be offered Buyers Choice until all tracts have been elected. 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 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 29, 2025 for Tract 1 and on or before January 12, 2026 but not before January 5, 2026 for Tract 2 & 3.
The seller will provide title insurance in the full amount of the purchase price and pay the 2025 real estate taxes, due and payable in 2026, through a credit at closing. Possession at closing subject to an existing lease for the 2025 crop year only. Open lease for 2026 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, pertaining to this property. Real estate is being sold AS IS.
REAL ESTATE TAX INFORMATION
Tract 1
16-26-300-007 - $4,045.44
16-26-300-009 - $266.66
Tract 2
16-25-300-005 (Tax Parcel combined with Tract 3) - $1,815.60 (Estimated)
Tract 3
16-25-300-005 (Tax Parcel combined with Tract 2) - $2,170.76
16-25-300-002 - $356.12
16-25-300-003 - $416.86
YIELD HISTORY
Tract 1
2024 Beans 71
2023 Corn 223
2022 Beans 66
Tract 2 & 3 (Combined)
2024 Corn 229
2023 Beans 66
2022 Corn 225
Representing Attorney:
Robert L. Potts | Whitney & Potts Ltd.
118 W Main St., Elmwood, IL 61529 | (309)742-3611
Auction Manager:
Isaac Taber (309) 335-8081
Dan Sullivan
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Knox County, Illinois
The Runyon Family Trust real estate is located approximately 2.8 miles north of Yates City, IL. Access for Tract 1 is along 750 N, access for Tract 2 is along Knox Rd 2300 E and Knox Rd 700 N, and access for Tract 3 is along Knox Rd 2300 E. These tracts are further described as being located in Sections 25 & 26, T10N-R4E, Elba Township, Knox County, Illinois.