Sublette, IL 61367(Lee County)

These tracts represent high quality farm ground with Class A soil!

TRACT INFORMATION

Tract 1 - 44 taxable acres

FSA figures indicate 42.81 NHEL cropland acres

Productivity Index (PI): 141.8 (Class A)

Soil types include Muscatune, Osco, Sable, Catlin

Access along the south from Shady Oaks Rd.

Tract 2 - 69.46 taxable acres

FSA figures indicate 69.01 NHEL cropland acres

Productivity Index (PI): 138.9 (Class A)

Soil types include Catlin, Muscatune, Elpaso

Access along the north from Shady Oaks Rd.

REAL ESTATE TAX INFORMATION

Tract 1

1636400002 - $2,502.72

Tract 2

1719100004 - $3,349.60

METHOD & TERMS

The Gallisath Trust 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 Friday, November 1, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024. Seller will also pay the 2024 real estate taxes due in 2025, through a credit at closing. Seller is keeping all of the 2024 income. Possession at closing, subject to an existing cash rent lease for the 2024 crop year. Open lease for 2025 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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Gallisath Trust

Representing Attorney:

Mike Guilfoyle, Guilfoyle & Stevenson, LLP

1316 Meriden Street, Mendota, IL 61342 | (815) 539-6711

Auction Managers:

Isaac Taber (309) 335-8081

Brandt Henness (309) 224-4276