VIRTUAL ONLINE
IROQUOIS COUNTY, ILLINOIS LAND AUCTION FRIDAY, SEPTEMBER 2 ND , 2022 AT 10:00 AM CT
148.09 SURVEYED ACRES • SELLING AS 1 TRACT
LISA & LLOYD KEMNETZ Representing Attorney: Ross Sorensen | Martensen, Niemann & Sorensen 140 N Taft Street, Paxton, Illinois 60957 (217) 379-4311
Auction Manager: Kevin Haas (309) 264-7767 DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107
LOCATION & GENERAL INFORMATION The Kemnetz farm real estate is located approximately 3 miles east of Gilman, IL, along the south side of Hwy 24. (8 miles west of Watseka, IL, or 25 miles south of Kankakee, IL). The land is further described as being in Section 2, T26•R14W, Douglas Township, Iroquois County, IL. The farm contains a total of 148.09 surveyed acres, will be sold in 1-tract and represents mostly highly productive cropland with some CRP acres. Farmers and investors, be sure to check out this ideally located Iroquois County, IL farm land. TRACT INFORMATION • 148.09 surveyed acres • 1 Tract • FSA records indicate 138.13 cropland acres • 124.63 acres are currently in row crop production • 13.5 CRP acres, annual payment of $3831 expires 9/30/26 • Productivity Index (PI): 125.2 (tillable acres) • Soil types include Milton, Martinton and Zook • The balance of the farm is a small area of timber in the NW corner as well as a drainage ditch • Access along the west side from 1100 East Rd and along the north side from US Hwy 24
SUBJECT
125.2
METHOD & TERMS The real estate will be sold on a price per acre basis, based on the surveyed 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 October 3, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes. Seller will retain all the 2022 farm crops and income. Possession will be given at the time of closing subject to seller’s unharvested crops, if any. Sells free and clear of tentancy for 2023 and beyond. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property. All announcements made on 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”.
ADDITIONAL INFORMATON, PHOTOS & BIDDING ONLINE: www.SullivanAuctioneers.com
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FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
148.09 SURVEYED
VIRTUAL ONLINE | IROQUOIS COUNTY, ILLINOIS LAND AUCTION FRIDAY, SEPTEMBER 2 ND , 2022 AT 10:00 AM CT
ACRES SELLING IN 1 TRACT
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107 LISA & LLOYD KEMNETZ
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