Ottawa, IL 61350(LaSalle County)

The real estate contains 310.06 total acres and will be sold in 3 tracts. Farmers and investors dont miss this opportunity!

TRACT INFORMATION

Tract 1 72.66 surveyed acres

FSA figures indicate 69.82 NHEL cropland acres

Productivity Index (PI): 143.2 (Class A)

Soil types include Drummer, Flanagan, Elburn, Harpster, and Flanagan-Catlin

Improved with 2 grain bins

Larger bin has aeriation floor, fan, and natural gas dryer

Smaller bin has aeriation fan only

Access along the south side from N 31st Rd and along the west side from E 15th Rd

Tract 2 158.0 taxable acres

FSA figures indicate 154.09 NHEL cropland acres

Productivity Index (PI): 141.7 (Class A)

Soil types include Osco, Elpaso, Flanagan-Catlin, Catlin, Muscatune, and Sable

Improved with 2 machinery storage buildings and a large grass parking area

Access along the north side from N 3450th Rd and along the east side from E 7th Rd

Tract 3 79.4 taxable acres

FSA figures indicate 79.4 cropland acres

Includes 1.3 CRP acres, annual payment of $513.00, expires 9/30/2030

Productivity Index (PI): 121.7

Soil types include Varna, Andres, Graymont, Elpaso, and Symerton

Access along the south side from US Rt 52

METHOD & TERMS

The Blackwell farm will be sold on a price per acre basis, based on acres found in this advertisement. All 3 tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) 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 15, 2023.

The seller will provide title insurance in the full amount of the purchase price. Seller will receive all the 2023 income and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing 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.

REAL ESTATE TAX INFORMATION

Tract 1

PIN 13-27-310-000 - 37.34A - $2793.82

Includes $93.35 drainage tax

PIN 13-27-305-000 - 35.59A - $2262.44

Includes $89.00 drainage tax

Tract 2

PIN 12-07-400-000 - 158.0A - $12,058.18

Tract 3

PIN 10-24-400-000 - 79.4A - $2229.50

SOIL TESTS RESULTS

Tract 1

pH - 6.9

P - 25#/A

K - 347#/A

Tract 2

pH - 6.4

P - 27#/A

K - 276#/A

TRACT 1 YIELD HISTORY

Year - Corn Beans

2022 - 218

2021 - 56

2020 - 205

2019 - 59

2018 - 241

2017 - 64

TRACT 2 YIELD HISTORY

Year - Corn Beans

2022 - 245 68

2021 - 202 68

2020 - 235 54

2019 - 201 51

2018 - 254 70

2017 - 240 70

TRACT 3 YIELD HISTORY

Year - Corn Beans

2022 - 173

2021 - 43

2020 - 152

2019 - 26

2018 - 187

2017 - 47

Blackwell Trust

Representing Attorney:

Marsh, Martin, Anderson, Vickers, Deobler & Temple Law Offices | Alan B. Marsh

511 East Etna Road, Ottawa, Illinois 61350 | (815) 434-2000

Auction Manager:

Kevin Haas (309) 264-7767