Auction Information
Online Bidding SiteMARSHALL COUNTY, IL LAND AUCTION - LAMBERT
LOCATION
Marshall County, Illinois
The land is located 2 miles east of Toluca, IL or 22 miles south of Peru, IL and is further described as being located in Section 3, T29N-R1E, Bennington Township, Marshall County, Illinois.
SELLER
Lambert Trusts
MANAGED BY
Kevin Haas (309) 264-7767
GENERAL INFORMATION
146.291 surveyed acres 2 tracts
Farmers & investors, take advantage of this excellent opportunity. Close to excellent grain market outlets with tremendous eye appeal.
TRACT INFORMATION
Tract 1 68.17 surveyed acres
FSA records indicate 69.0 NHEL cropland acres
Productivity Index (PI): 129.4
Soil types include Rutland, Wenona, and Streator
Access along the south side from 500N Rd
Tract 2 78.121 surveyed acres
FSA records indicate 74.08 NHEL cropland acres
Productivity Index (PI): 130.6
Soil types include Streator, Rutland, and Wenona
Access along the south side from 500N Rd and alon...
Access along the south side from 500N Rd and along the east side from 2900E Rd
METHOD & TERMS
The Lambert Trusts farm will be sold on a price per acre basis, based on surveyed acres. The tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract 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 Wednesday, November 26, 2025.
The seller will provide title insurance in the full amount of the purchase price and will pay the 2025 real estate taxes due and payable in 2026 through a credit at closing based on the best available information. Seller is keeping all the 2025 crop income. Buyer will be responsible for 2026 real estate taxes and beyond. 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
PIN 14-03-400-006 - 68.0A - $3050.96
Tract 2
PIN 14-03-400-004 - 77.3A - $3531.64
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Marshall County, Illinois
The land is located 2 miles east of Toluca, IL or 22 miles south of Peru, IL and is further described as being located in Section 3, T29N-R1E, Bennington Township, Marshall County, Illinois.