VIRTUAL ONLINE
COLES COUNTY, ILLINOIS LAND AUCTION THURSDAY, NOVEMBER 17, 2022 AT 10:00 A.M. CDT
163.98 TAXABLE ACRES • SELLING AS 1 TRACT
FRANTZ FARM DIANNE FLOREY, KEITH FRANTZ, KENT FRANTZ, REED FRANTZ, BRETT FRANTZ, & MARY NANETTE MITCHELL Representing Attorney: Hannah E. Wince | Klaus, LeFebvre & Wince LLP | 7 N. Main St., Villa Grove, IL 61956 | (217) 832-0821 AUCTION MANAGER: DAVID SMITH (217) 841-0821 DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | LICENSE #444000107
Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161
LOCATION & GENERAL INFORMATION The Frantz farm is located approximately 5 miles west of Mattoon, IL, or 14 miles southeast of Sullivan, IL, or 33 miles north of Effingham, IL. The farm is further described as being located in Sections 18 & 19, T12N-R7E, Mattoon Township, Coles County, IL. The property contains a total of 163.98 taxable acres, will be sold in 1 tract, and represents highly productive tillable cropland with Class A soils. Farmers and investors be sure to check out this Class A farm in Coles County, Illinois.
TRACT INFORMATION
163.98 TAXABLE ACRES • FSA maps indicate 160.49 NHEL cropland acres which includes 2.27 CRP acres with an annual payment of $798 expiring 9-30-2024 • Productivity Index (PI): 134 (Class A) • Soil types include Raub, Toronto, Drummer and Wingate • Access from the north off E County Rd 750 N and the west off N County Rd 000 E
METHOD & TERMS The farm will be sold on a price per acre basis, based on taxable acres.
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 Thursday, December 15, 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. Possession will be given at the time of closing, subject to a 2022 crop tenancy only. The farm sells free and clear for the 2023 crop year. Bidding is NOT subject to the following 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”.
www.SullivanAuctioneers.com
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
163.98 TAXABLE ACRES SELLING IN 1 TRACT
VIRTUAL ONLINE | COLES COUNTY, IL LAND AUCTION THURSDAY, NOVEMBER 17, 2022 AT 10:00 A.M. CDT
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107 FRANTZ FARM DIANNE FLOREY, KEITH FRANTZ, KENT FRANTZ, REED FRANTZ, BRETT FRANTZ & MARY NANETTE MITCHELL
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