The Keil & Blye Farm is ideally located on the Rt 24 corridor between East Peoria & Washington, IL. It is further described as being located in Section 18, T26N-R3W, Washington Township, Tazewell County, IL. Farmers, investors, commercial & residential builders: Take advantage of this opportunity to purchase a well-located property with unlimited development potential! Extended closing date available. LOCATION & GENERAL INFORMATION
METHOD & TERMS
The Keil & Blye farm will be sold on a price per acre basis, based on either taxable or surveyed acres. The tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any tract(s) 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. The balance of the bid price will be due at the time of closing, on or before Friday, October 30, 2026. The seller will provide title insurance in the full amount of the purchase price and will pay the 2026 real estate taxes for tract 2, due in 2027 through a credit at closing based on the latest available information. Seller shall establish an escrow account for tracts 1 & 3 and will pay the 2026 taxes, due in 2027. Seller is retaining all the 2026 crop income. Buyer will be responsible for all subsequent real estate taxes. Possession after all the 2026 crops are harvested. Open lease for 2027 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 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 pertaining to this property. Real estate is being sold “AS IS”.
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