TRACT INFORMATION
TRACT 1 - 350 ACRES± (SUBJECT TO SURVEY) • FSA maps indicate 289.36 cropland acres which includes the following: • 37.0 CRP acres with an annual payment of $7,665 expiring 9-30-2026 • 47.0 CRP acres with an annual payment of $10,488 expiring 9-30-2026 • Productivity Index (PI): 102.7 • Soil types include Orion, Hickory, Fayette, Sylvan and Marseilles • The balance of this tract represents wooded draws providing potential hunting lease income and/or other outdoor recreational opportunities • Access along the west side from E2720th St TRACT 2 - 140 ACRES± (SUBJECT TO SURVEY) • FSA maps indicate 116.25 cropland acres which includes the following: • 32.6 CRP acres with an annual payment of $7,275 expiring 9-30-2026 • Productivity Index (PI): 103.6 • Soil types include Hickory, Orion, Fayette and Marseilles • The balance of this tract represents wooded draws providing potential hunting lease income and/or other outdoor recreational opportunities • Access along the east side from E2850th St
TRACT 3 - 280 ACRES± (SUBJECT TO SURVEY) • FSA maps indicate 256.09 cropland acres which includes the following: • 11.0 CRP acres with an annual payment of $2,145 expiring 9-30-2023 • 4.3 CRP acres with an annual payment of $1,118 expiring 9-30-2024 • Productivity Index (PI): 98.3 • Soil types include Fayette, Hickory, Orion, Senachwine, Sylvan, Elco-Atlas, Greenbush, Velma, Marseilles and Plano • Includes a small amount of timber providing potential hunting lease income and/or other outdoor recreational opportunities • Access along the west side from E2720th St and along the south side from N900th Ave TRACT 4 - 350 ACRES± (SUBJECT TO SURVEY) • FSA maps indicate 318.81 cropland acres which includes the following: • 42.1 CRP acres with an annual payment of $8,498 expiring 9-30-2023 • 23.0 CRP acres with an annual payment of $5,589 expiring 9-30-2026 • Productivity Index (PI): 100.4 • Soil types include Hickory, Fayette, Orion, Sylvan, Marseilles and Greenbush • The balance of this tract represents wooded draws providing potential hunting lease income and/or other outdoor recreational opportunities • Access along the east side from E2850th St TRACT 5 - 189.8 SURVEYED ACRES • FSA maps indicate 166.68 cropland acres • Productivity Index (PI): 94.6 • Soil types include Fayette, Sylvan, Hickory, Marseilles, Greenbush and Elco • The balance of this tract represents wooded draws providing potential hunting lease income and/or other outdoor recreational opportunities • Access along the north side from N900th Ave
Auction to be conducted as a virtual, online auction. No Internet Buyer fees! If you need assistance with bidding, please contact our office at (844) 847-2161
METHOD & TERMS All 5 tracts will be sold on a price per acre basis, based on the soon to be completed surveyed acres. All tracts will be offered through the marketing method of “Buyers Choice,” whereas the high bidder can elect any or all tracts (in any order) for their high bid. If the high bidder does not elect all of the tracts then the remaining tract(s) will be offered and this will continue until all of the tracts have been elected. The tracts will NOT be offered together or in their entirety at any time. 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 December 16, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Buyer is responsible for the 2023 and all subsequent RE taxes. Possession will be given at the time of closing, subject to the 2022 crop year tenancy, if any. The land sells free and clear of any tenancy for 2023. 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” and subject to sellers confirmation.
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