Tracts 1-3 are located 4 miles west of Farmer City, IL or 20 miles southeast of Bloomington, IL. Tract 4 is located 3 miles southwest of Farmer City, IL or 25 miles southeast of Bloomington, IL. The land is further described as being located in Section 34, T21N-R4E, Rutledge Township, and Section 7, T20N-R5E, Santa Anna Township, DeWitt County, Illinois. Farmers & investors, the Cantrell Trust farms offer the best DeWitt County has to offer. Investment grade class A soils, excellent location with tremendous eye appeal. Don’t miss this opportunity! LOCATION & GENERAL INFORMATION
METHOD & TERMS
The Cantrell Trust farms will be sold on a price per acre basis, based on surveyed acres for Tracts 1-3 and based on taxable acres for Tract 4. All 4 tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all 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 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, December 6, 2024. The seller will provide title insurance in the full amount of the purchase price. Seller will retain all of the 2024 crop income and will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Possession at closing subject to an existing lease for the 2024 crop year only. Open lease for 2025 crop year and beyond. 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”.
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