Peoria, IL 91525(Peoria County)

The Chinuge Family Land Trust real estate is ideally located approximately 2 miles north of Peoria, IL, along and just off Highway 40. The property is further described as being located in Sections 7, 8, 16 & 17, T10N-R8E, Medina Township, Peoria County, IL.

The land contains a total of 265 acres (subject to survey) and will be sold in 5-tracts which represents excellent, nearly all-tillable cropland (some Class A soils), wooded acreage with excellent outdoors recreational opportunities, and outstanding home building sites. Farmers, investors, homebuilders and outdoors enthusiasts - be sure to check out this rare opportunity to buy investment quality land which is ideally located in the Dunlap, IL school district and close to the greater Peoria metropolitan area.

TRACT INFORMATION

Tract 1 55 Acres (Subject to survey)

FSA records indicate 46.14 NHEL cropland acres

Soil Productivity index: 132.2 (tillable acres)

Soil types include Ipava, Osco, Sable and Keomah

The balance of this tract is mature timber which offers outdoors recreational and hunting opportunities and home building sites

Access along the west side from St Rt 40 and along the north side from W. Singing Woods Rd.

Tract 2 38 Acres (Subject to survey)

FSA records indicate 17.5 NHEL cropland acres

Soil Productivity index: 113.6 (tillable acres)

Soil types include Rozetta, Fayette and Sylvan

The balance of this tract is mature timber which offers outdoors recreational and hunting opportunities and home building sites

Access from the west off St Rt 40 via shared easement

Tract 3 56 Acres (Subject to survey)

FSA records indicate 10.61 NHEL cropland acres

Soil Productivity index: 118.6 (tillable acres)

Soil types include Rozetta and Fayette

The balance of this tract is mature timber which offers excellent outdoors recreational and hunting opportunities and home building sites

Access in the northeast corner from W. Singing Woods Rd/Matthews Rd

Tract 4 76 Acres (Subject to survey)

FSA records indicate approximately 52 NHEL cropland acres (split field)

Soil Productivity index: 125 (tillable acres)

Soil types include Rozetta, Osco and Dodge

The balance of this tract is mature timber which offers outdoors recreational and hunting opportunities and home building sites

Access along the west side from St Rt 40

Tract 5 40 Acres (Subject to survey)

This entire tract is mature timber which offers excellent outdoors recreational and hunting opportunities

Several outstanding and secluded home building sites

Access from the west off St Rt 40 via shared easement

METHOD AND TERMS

All 5-tracts will be surveyed and sold by the acre, based on the surveyed acres. The tracts will be offered through the marketing method of Buyers Choice whereas the high bidder can purchase (in any order) any or all of the tracts for their high bid. If after the first round of bidding the high bidder does not take all 5-tracts then Buyers Choice auctioning will continue until all 5-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(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 on or before April 8, 2022. Seller will provide Title Insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. Possession will be given at the time of closing and the property sells free and clear of crop and hunting leases.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure 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 footage, etc. are approximate. Buyers should verify all 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.

Chinuge Family Land Trust

Harv Koplo

Representing Attorney:

Robert L. Potts

Whitney & Potts, Ltd

118 W Main St

Elmwood IL 61529

(309) 742-3611

Auction Manager:

Kevin Haas (309) 264-7767