Auction Information
Online Bidding SiteLASALLE COUNTY, IL LAND AUCTION - MCDONALD
Wednesday, January 31, 2024 - 1:00 PM 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
LaSalle County, Illinois
Tracts 1-3 are located 6 miles west of Streator, IL or 40 miles north of Bloomington, IL. Tract 4 is located 3 miles northwest of Ransom, IL or 8 miles northeast of Streator, IL. The land is further described as being located in Section 35, T31N-R2E, Eagle Township, and Section 6, T31N-R5E, Allen Township, LaSalle County, Illinois.
SELLER
Michael & Harriett McDonald Estate
MANAGED BY
Kevin Haas (309) 264-7767
GENERAL INFORMATION
320.797 total acres 4 tracts
Farmers & investors, take advantage of this opportunity! Tracts 1-3 represent a large block of Class A soil with tremendous eye appeal. Tract 4 contains productive soils with additional wind energy income.
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TRACT INFORMATION
Tract 1 - 80.775 surveyed acres
FSA records should indicate 79.9 NHEL cropland acres (estimated)
Productivity Index (PI): 144.4 (Class A)
Soil types include Muscatune-Buckhart, Muscatune, and Sable
Access along the south side from N 12th Rd
Tract 2 - 80.914 surveyed acres
FSA figures should indicate 79.9 NHEL cropland acres (estimated)
Productivity Index (PI): 144.6 (Class A)
Soil types include Muscatune-Buckhart, Muscatune, and Sable
Access along the south side from N 12th Rd
Tract 3 - 80.828 surveyed acres
FSA figures should indicate 78.88 NHEL cropland acres (estimated)
Productivity Index (PI): 144.6 (Class A)
Soil types include Muscatune, Muscatune-Buckhart, and Sable
Improved with a 21,000 bu. capacity grain bin, dryer, fan, stirator, and a corn crib
Access along the south side from N12th Rd and along the east side from E11th Rd
Tract 4 - 78.28 taxable acres
FSA records indicate 76.96 NHEL cropland acres
Enrolled in the Invenergy Grand Ridge II wind project
2023 income: $13,076.00
Productivity Index (PI): 119.5
Soil types include Swygert, Bryce, and Rutland
Access along the north side from N 18th Rd
REIMBURSEMENT INFORMATION
The buyer will reimburse the seller at closing for:
Tract 1
Zero
Tract 2
$600 for tillage
$600 for NH3 application
$3218.19 for NH3 (175#N/A)
Tract 3
$1170 for tillage
$1170 for NH3 application
$6275.46 for NH3 (175#/A)
Tract 4
$1170 for tillage
$1170 for NH3 application
$4179.36 for NH3 (114#/A)
YIELD HISTORY
Tracts 1-3 Combined
Year - Corn Beans
2020 - 233 65
2021 - 267 61
2022 - 243 70
2023 - 248 68
AVG - 248 66
Tract 4
Year - Corn Beans
2018 - 229
2019 - 52
2020 - 185
2021 - 55
2022 - 225
2023 - 63
AVG - 213 57
REAL ESTATE TAX INFORMATION
Tract 1
PIN 32-35-301-000 - 80.0A - $5771.70
Tracts 2 & 3
PIN 32-35-400-000 - 160.0A - $11,030.04
Tract 4
PIN 35-06-102-000 - 77.77A - $1979.98
PIN 35-06-103-000 - 0.51A - paid by wind energy company
METHOD & TERMS
Tracts 1-3 of the McDonald farm will be sold on a price per acre basis, based on surveyed acres. Tract 4 will be sold on a price per acre basis, based on taxable acres. Tracts 1-3 will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect Tracts 1-3 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 Tracts 1-3 have been elected. Tract 4 will be sold last. 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 Friday, March 1, 2024.
The seller will provide title insurance in the full amount of the purchase price. Seller will pay all the 2023 real estate taxes by establishing an escrow at closing. Buyer pays all 2024 real estate taxes and beyond. Open lease for 2024 crop year and beyond. Possession at closing.
The buyer of Tracts 2, 3, and 4 will reimburse the seller at closing for fall tillage and nitrogen fertilizer applied for the 2024 corn crop. Contact auction manager for details.
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.
Michael & Harriett McDonald Estate
Representing Attorney:
Frank J. Black | Black & Black Lawyers
201 Liberty St., Suite 211, Morris, IL 60450 | (815) 942-0594
Auction Manager:
Kevin Haas (309) 264-7767
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LaSalle County, Illinois
Tracts 1-3 are located 6 miles west of Streator, IL or 40 miles north of Bloomington, IL. Tract 4 is located 3 miles northwest of Ransom, IL or 8 miles northeast of Streator, IL. The land is further described as being located in Section 35, T31N-R2E, Eagle Township, and Section 6, T31N-R5E, Allen Township, LaSalle County, Illinois.