LOCATION & GENERAL INFORMATION
The farm is located 3 miles northwest of Washburn, IL or 22 miles northeast of Peoria, IL. It is further described as being located in Sections 22, 23, 26 & 27, T29N-R2W, Richland Township, Marshall County, Illinois. The J&B Farms Inc property is a truly unique property. A well-located combination of productive tillable farmland, mature timber, and recreational bottom land. It also has excellent whitetail deer and turkey hunting and the potential for immediate and future timber harvesting. Plus, several excellent building sites.
TRACT 1
TRACT 5
TRACT 2
WASHBURN
METHOD & TERMS
All tracts will be sold on a price per acre basis, based on surveyed acres, and will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any 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 “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(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 which will take place on or before Friday, November 1, 2024. The seller will provide title insurance in the full amount of the purchase price. Seller will pay the 2023 real estate taxes before closing. Seller is keeping all 2024 crop and CRP income and will pay 2024 real estate taxes due in 2025 through a credit at closing. Possession at closing subject to an existing lease for 2024 crop year only. Open lease for 2025 crop year. No hunting leases. 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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