Cooksville, IL 61730(McLean County)

The Lobdell Trusts farmland auction has something for everyone. Tract 1 consists of Class A soils with tremendous eye appeal. Tract 2 consists of productive soils with highway access. Tract 3 is a mixture of productive farmland and mature timber. Farmers, investors, & hunters, dont miss this opportunity to purchase desirable, professionally managed McLean County land!

TRACT INFORMATION

Tract 1 77.15 taxable acres

FSA records should indicate 76.5 NHEL cropland acres (estimated)

Productivity Index (PI): 136.6 (Class A)

Soil types include Drummer and Elpaso, Saybrook, and Lisbon

Access along the east side from N3050 East Rd

Tract 2 78.6 taxable acres

FSA figures should indicate 73.31 NHEL cropland acres (estimated)

Productivity Index (PI): 128.4

Soil types include Radford, Wyanet, and Lisbon

Access along the south side from St Rt 165

Tract 3 35.7 taxable acres

FSA figures should indicate 24.1 NHEL cropland acres

Productivity Index (PI): 127.5

Soil types include Rozetta and Ipava

The balance of this tract is mature timber, which provides hunting and other outdoor recreational opportunities

Access along the east side from N1950 East Rd

SOIL TEST RESULTS

Tract 1

pH - 6.3

P - 61 #/A

K - 326 #/A

Tract 2

pH - 6.5

P - 57 #/A

K - 212 #/A

Tract 3

pH - 6.3

P - 50 #/A

K - 211 #/A

YIELD HISTORY

Tract 1

2023 beans 71 BPA

2022 corn 251 BPA

Tract 2

2023 corn 223 BPA

2022 beans 67 BPA

Tract 3

2023 corn 223 BPA

2023 beans 71 BPA

2022 corn 188 BPA

2022 beans 64 BPA

REAL ESTATE TAX INFORMATION

Tract 1

PIN 17-06-300-003 - 77.15A - $4197.52

Tract 2

PIN 16-01-400-005 - 78.6A - $2982.92

Tract 3

PIN 08-20-100-012 - 17.85A - $518.64

PIN 08-20-100-013 - 17.85A - $587.68

METHOD & TERMS

All tracts will be sold on a price per acre basis, based on taxable acres. Tracts 1 & 2 will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either tract 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 both tracts have been elected. Tract 3 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, February 16, 2024.

The seller will provide title insurance in the full amount of the purchase price. Buyer will receive a credit for 2023 taxes at closing and will pay them next summer. Buyer will pay all 2024 taxes and beyond. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing lease for the 2023 crop year that ends February 28, 2024.

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.

Dorothy H. Lobdell Family Trust

Charles H. Lobdell Trust

Bank of Pontiac, Trustee

Representing Attorney:

Steven T. Mann | Caughey, Legner, Freehill, Ehrgott, & Mann

213 Green St., Chenoa IL 61726 | (815) 945-2611

Auction Manager:

Kevin Haas (309) 264-7767