Industry, IL 61440(McDonough County)

Saturday, September 14, 2024 9:00 - 11:00 AM

GENERAL INFORMATION

79.08 surveyed acres 2 tracts

Tract 1 represents mostly productive, tillable farmland in addition to grass and wooded draws and a pond which offers hunting and outdoor recreational opportunities. Tract 2 is improved with a 1 1/2 story country home, 32 x 40 shop & an older pole building all located on 3+ acres.

TRACT INFORMATION

Tract 1 - 75.83 surveyed acres

FSA figures indicate 58.43 cropland acres

2.88 acres are enrolled in a CRP program which pays $821.00 annually through September 30, 2029.

Productivity Index (PI): 124.7 - cropland acres only

Soil types include Keomah, Ipava, Rozetta & Osco

The balance of the farm represents wooded and grass waterways & a pond which offers excellent outdoor recreational opportunities

Access along the west side by County Rd 1650E and partially along the south side by N 125th Rd.

Tract 2 - 3.25 surveyed acres

Improved with a 1 story home:

Recently remodeled and well maintained

Vinyl siding, vinyl replacement windows, metal roof

3-bedrooms (2 on main floor and 1 upstairs)

Large family room

Eat-in kitchen with dishwasher and stove

Full bath on main floor and shower in basement

Upstairs is open and has been used for a bedroom

Hooked up to rural public water

Other improvements:

32 x 40 shop with concrete floor, 2 large doors, jib style crane and insulated with heat

Older storage building (needing repairs)

Mature landscaping and windbreak and very nice country setting

N 125th Rd borders along the south side

METHOD & TERMS

Tract 1 will be sold on a price per acre basis, based on surveyed acres. Tract 2 will sell for a lump sum or total dollar amount. The tracts will be sold individually and will NOT be offered in any combinations.

Immediately following the auction, the successful buyer(s) 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 Thursday, October 24, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay all of the 2024 real estate taxes, due and payable in 2025. Buyer will receive possession of Tract 1 at closing subject to a farm lease for the 2024 crop year. Full possession upon removal of the 2024 crop. Open lease for 2025 crop year and beyond. Full possession of Tract 2 at the time of closing.

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.

Max & Barbara Sayers Farm

Michael T. Sayers, Bradley M. Sayers & Cathy S. McMillan - Sellers

Representing Attorney:

John D. McMillan | McMillan, Hennenfent & DeJoode, P.C.

402 E Jackson St. PO Box 443, Macomb, Illinois 61455 | (309) 837-2904

Auction Managers:

John Sullivan (309) 221-6700

Michael Sullivan (309) 333-0916