LOCATION & GENERAL INFORMATION
The Gilmore Family farms lie along the Rt 24 corridor between Gridley and El Paso, IL, or 20 miles north of Bloomington IL. It is further described as being located in Section 12, T26N-R2E, and Section 9, T26N-R3E, Gridley Township, McLean County, Illinois. Farmers & investors, take advantage of this opportunity to purchase two high quality McLean County farms. Tract 1 contains Class A soils in an excellent location. Tract 2 lies partially in Gridley village limits and has unlimited development potential.
METHOD & TERMS
Both tracts will be sold on a price per acre basis, based on taxable acres (Tract 1) and surveyed acres (Tract 2). Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect either tract for their high bid. If the high bidder does not elect both tracts for their high bid, the remaining tract will be sold. 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 December 6, 2024. The seller will provide title insurance in the full amount of the purchase price and will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Seller will keep all the 2024 crop income. Open lease for 2025 crop year and beyond. Possession at closing. 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”. AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161 ADDITIONAL INFORMATION, PHOTOS & BIDDING AVAILABLE ONLINE: WWW.SULLIVANAUCTIONEERS.COM
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