Oak Grove Road , Harvard, IL 60033(McHenry County)

The Oak Grove Farm was purchased with the intent to develop the property for residential housing. A portion of the south end of the property was developed as the Oak Grove Crossing Subdivision, and four lots were developed as model homes on the north end of the property along Bayberry Blvd. The adjoining Oak Grove Crossing subdivision is well maintained with city sewer and water.

Tracts One and Tract Two of the Oak Grove farm offer a prime opportunity for businesses and investors seeking Tax Increment Financing (TIF) strategically located within the Tax Increment District (TID). This designation enhances the financial appeal for businesses looking to establish or expand their operations and investors looking to capitalize on long-term growth in a high-potential area for a strategic investment. Harvard, IL, known for its quiet, friendly, and family-oriented environment, is claimed to be the Milk Capital of the World with the longest running festival in Illinois. Abundant recreational opportunities in Lake Geneva, Wisconsin, are thirty minutes to the north. Harvards growing population of 9,500 offers increasing demand for buildable lots and housing.

This is a highly productive farm with high Class B soils, a Productivity Index of 128.1, and has been operated by the Pierce Family since 1995. They are excellent farm operators who are available to lease the farm in the future. Today, the Oak Grove Farm is a high-quality farm, and as population continues to increase in the Harvard area, the farm may again become a prime location for development. Whether you want to expand your farming or business operations or diversify your investment portfolio, these tracts offer great potential. Additionally, this land presents excellent opportunities for buyers interested in building their dream home, with numerous desirable locations available.

The auction will be conducted live at Harvard Moose Family Center and online on the BidWrangler platform. Bidding is live and will conclude on December 11, 2025, at 12:00 P.M. CST. The three tracts will be sold on a price-per-acre basis. Contact the listing agent for further details.

Auction Details & Terms

Auction Location Map

McHenry County, Illinois Land Auction

128.859 surveyed acres

December 11, 2025 | 10:00 am CT

All bids will be on a per acre basis.

Sellers

Oak Grove Partners, LLC

Attorney for Seller

Griffin Williams McMahon & Walsh

Richard L. Williams

21 N. Fourth Street

Geneva, IL 60134

Auction Location

Harvard Moose Family Center

22500 IL 173

Harvard, IL 60033

Auctioneer & License Number

Jesse Meyer - IA LIC 2652-52

Agency

Peoples Company and its representatives are agents of the Seller. The winning bidder(s) acknowledge that they are representing themselves in completing the auction sales transaction.

Auction Method

Three tracts will be offered individually on a price-per-acre basis using the Buyer's Choice auction method, where the high bidder can take, in any order, one, two, or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. The sale can also be viewed through a Virtual Online Auction option, and online bidding will be available.

Online Bidding

Register to bid on our website. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using the Peoples Company online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Real Estate Taxes

At closing, the Buyer will receive from Seller a credit for the 2025 real estate taxes based on the 2024 actual taxes. Taxes are approximated to the best of our knowledge in the marketing material, and the title company shall confirm the final tax amount before closing.

Bidder Registration

All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Financing

The sale of the property is not contingent upon the Buyer obtaining financing. All financing arrangements are to be made prior to bid submission. By bidding, the bidder makes a representation that they have the present ability to perform at the bid price and will fulfill all obligations within the Real Estate Sale and Purchase Contract.

Earnest Money Payment

A 10% earnest money payment is required within twenty-four hours of the conclusion of the auction. The earnest money payment may be paid in the form of a wire transfer or check and will be held by the title company or attorney.

Closing

The closing will occur on or before January 12, 2026. The balance of the purchase price will be payable at closing.

Possession

Possession of the land will be given to the Buyer(s) at closing, subject to the tenants rights. Early possession may be granted upon deposit of earnest money and a copy of liability insurance.

Farm Lease

The current farm lease has been terminated and will be open for the 2026 crop season.

Farm Program Information

Farm Program Information is provided by the McHenry County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company. However, farm program information, base acres, total crop acres, conservation plans, etc., are subject to change when the farm is reconstituted by the McHenry County FSA and NRCS offices.

Contract & Title

Immediately upon the conclusion of the auction, the high bidder(s) will enter into a real estate sales contract and deposit the required earnest money with the title company or attorney. The terms of the signed Real Estate Purchase Contract shall govern the sale and shall supersede all prior negotiations, discussions, representations, or information regarding the sale, including this brochure. The Seller will furnish, at Sellers expense, a current title commitment for an owners policy in the amount equal to the total purchase price. Buyer will pay the premium for any title insurance policy Buyer chooses to obtain. The Seller agrees to convey marketable title to the property. This sale is not contingent on financing.

Fences

Existing fences, if any, are in as-is condition and will not be updated or replaced by the Seller. Not all boundary lines are fenced, and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly onto the legal boundary.

Other

This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an AS-IS, WHERE-IS WITH ALL FAULTS basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller, which can accept or reject any and all bids. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Broker will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final. This auction is with reserve.

Disclaimer

All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc., may vary from figures stated within the marketing material. Buyer should perform their own investigation of the property prior to bidding at the auction. The brief legal description in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the title.