MERCER COUNTY, ILLINOIS LAND AUCTION TUESDAY, FEBRUARY 28, 2023 AT 10:00 AM CT 230.89 SURVEYED ACRES • SELLING IN 3 TRACTS VIRTUAL ONLINE
LAMBERT FAMILY FARM, LLC FRANK LAMBERT | TOM LAMBERT | SUZANNE YEAST Representing Attorney: Reynolds M. Everett, Jr. | Barash & Everett Attorneys LLC 110 N. Exchange St. Galva, IL. 61434 | (309) 932-2001 Auction Manager: Dale Jones (309) 299-6400
DALE JONES
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107
LOCATION & GENERAL INFORMATION The Lambert Family farm is located approximately 13 miles northeast of New Boston, IL, or 14 miles southeast of Muscatine, IA, or 30 miles southwest of Rock Island, IL, near the community of Eliza, IL. The property is located in Sections 10 & 15 of Eliza East Township, in Mercer County, IL. The Lambert farm contains a total of 230.89 surveyed acres, will be sold in 3 tracts, and represents productive tillable cropland with recreational areas and attractive home building sites. Parts of the Lambert farm have been in the Lambert family for over 175 years! This is a fantastic opportunity to bid on and own a diverse property loaded with potential!
TRACT INFORMATION
Tract 1 - 60.23 Surveyed Acres • FSA map indicates 50.34 cropland acres which includes the following: о 21.12 NHEL cropland acres о 27.74 HEL cropland acres о 1.48 CRP acres with an annual payment of $270 expiring 9-30-2031 • Productivity Index (PI): 112.3 • Soil types include Stronghurst, Rozetta and Hickory- Sylvan • Tract represents productive tillable cropland, wooded areas with whitetail deer & wild turkey habitat, and attractive home building sites • Access along the west side by 75th St. Tract 2 - 67.33 Surveyed Acres • FSA map indicates approximately 37.35 cropland acres which includes the following: о 36.68 NHEL cropland acres о .67 CRP acres with an annual payment of $151.50 expiring 9-30-2031 • Productivity Index (PI): 112.5 • Soil types include Rozetta, Stronghurst, Fayette and Hickory-Sylvan • Tract represents productive tillable cropland, wooded areas with whitetail deer & wild turkey habitat, and attractive home building sites • Access along the east side by 80th St. Tract 3 - 103.33 Surveyed Acres • FSA map indicates approximately 82.1 cropland acres which includes the following: о 80.58 NHEL cropland acres о 1.31 CRP acres with an annual payment of $296.21 expiring 9-30-2031 • Productivity Index (PI): 118.9 • Soil types include Stronghurst, Rozetta, Seaton, Hickory- Sylvan and Seaton-Timula • Tract represents productive tillable cropland, wooded areas with whitetail deer & wild turkey habitat, and attractive home building sites • Access along the east side by 80th St.
AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. NO INTERNET BUYER FEES! IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847-2161
DRONE FOOTAGE AVAILABLE ON OUR WEBSITE
TRACT 1
TRACT 2
112.3
112.5
TRACT 3
118.9
METHOD & TERMS All 3 tracts will be surveyed. Tracts 1 – 3 will sell by the acre, based on the surveyed acres, and will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) any or all 3 tracts for their high bid. “Buyers Choice” auctioning will continue until all 3 tracts have been elected. The tracts will NOT be offered together or in any combination at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the purchase price as a non-refundable down payment. The balance of the purchase price will be due at the time of closing which will take place on or before March 28, 2023. 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. Buyer will be responsible for the 2023 and all subsequent real estate taxes. Possession will be given at the time of closing subject to the 2023 farm tenancy. Call the auction manager for details. Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection. All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure 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 pertaining to the property. The real estate and improvements are being sold “As Is”.
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
230.89 SURVEYED ACRES± SELLING IN 3 TRACTS
VIRTUAL ONLINE | MERCER COUNTY, ILLINOIS LAND AUCTION TUESDAY, FEBRUARY 28, 2023 AT 10:00 AM CT
LAMBERT FAMILY FARM, LLC FRANK LAMBERT | TOM LAMBERT | SUZANNE YEAST
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107
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