VIRTUAL ONLINE
KNOX & HENRY COUNTY, ILLINOIS LAND AUCTION MONDAY, SEPTEMBER 9, 2024 AT 10:00 AM CT
308.62 TAXABLE ACRES± • SELLING IN 3 TRACTS
Prime “Class A” Illinois Farmland!
TRACT 1
TRACT 2
TRACT 3
LITTON LAND TRUST LUANN DEMICK - TRUSTEE Representing Attorney: Reynolds M. (“Rip”) Everett & Robert Lindstrom Barash & Everett, LLC | 110 N. Exchange Street, Galva, Illinois 61434 | (309) 932-2001
AUCTION MANAGERS:
JIM SULLIVAN (217) 440-8172
ISAAC TABER (309) 335-8081
SCAN FOR ADDITIONAL DETAILS, MAPS, PHOTOS & BIDDING!
SULLIVAN AUCTIONEERS, A BIGIRON COMPANY WWW.SULLIVANAUCTIONEERS.COM | (844) 847-2161 | LICENSE #444000107
LOCATION & GENERAL INFORMATION
Tract 1: From Woodhull, go east on State Route 17 approx. 4 miles to E 980th St., then south approx. 1 mile to the farm. Tract 1 is further described as being located in the NE ¼ of Section 3, T13N - R2E, Ontario Township, Knox County, IL. Tracts 2 & 3: From Woodhull, go east on State Route 17 approx. 5 miles to E 1080th St., then north approx. ½ mile to the farm. Tract 2 is further described as being located in the SE 1/4 of the NW 1/4 and in the south 1/2 of the NE 1/4 of Section 26 & Tract 3 is further described as being located in the SW 1/4 of the NW 1/4 of Section 25, both in T14N - R2E, Clover Township, Henry County, IL. Woodhull is located approx. 20 miles north of Galesburg, IL or approx. 30 miles south of Moline, IL on Interstate 74. There is some tile on the farms. Contact Jim Sullivan (217) 440-8172 for further information concerning the tile. ALL 3 TRACTS REPRESENT PRIME, CLASS A TILLABLE FARMLAND!
TRACT 3
TRACT 2
TRACT 1
AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161
TRACT 1 - 152.51 TAXABLE ACRES • PIN: 02-03-200-001 • FSA figures indicate 149.17 acres of cropland • Productivity Index (PI): 135.3 (Class A) • Productive soil types include Ipava, Osco, Elkhart, Radford & Sable • Access is along the north by “Knox Cty Rd” TRACT 2 - 116.11 TAXABLE ACRES • PIN: 22-26-200-005 • FSA figures indicate 120.43 acres acres of cropland • Productivity Index (PI): 134.3 (Class A) • Productive soil types include Ipava, Osco, Hickory & Assumption • Access is along the east by E 1080th St. TRACT 3 - 40.0 TAXABLE ACRES • PIN: 22-25-100-002 • FSA figures indicate 39.9 acres of cropland • Productivity Index (PI): 140.7 (Class A) • Productive soil types include Ipava, Sable & Denny • Access is along the west by E 1080th St. TRACT INFORMATION
TRACT 1
135.3
METHOD & TERMS
The Litton Land Trust farm will be sold on a price per acre basis, based on taxable acres. All 3 tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any or all 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(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 Tuesday, October 15, 2024. The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes due in 2025. Possession at closing, subject to an existing cash rent lease for the 2024 crop year only. Open lease for 2025 crop year. 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”.
TRACT 2
134.3
TRACT 3
140.7
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
308.62 TAXABLE ACRES± SELLING IN 3 TRACTS
VIRTUAL ONLINE | KNOX & HENRY COUNTY, IL LAND AUCTION MONDAY, SEPTEMBER 9, 2024 AT 10:00 AM CT
LITTON LAND TRUST LUANN DEMICK - TRUSTEE
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107
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