VIRTUAL ONLINE
LEE COUNTY, ILLINOIS LAND AUCTION FRIDAY, FEBRUARY 03, 2023 AT 10:00 AM CT
197.83 ACRES± • SELLING AS 2 TRACTS
OPEN HOUSE: SATURDAY, JANUARY 21 • 10:00 AM – 12:00 PM
ELIZABETH V. ERDMANN TRUST & PETER M. ERDMANN TRUST Representing Attorney: Steve Weeks | Weeks, Brucker & Coleman, Ltd 606 W Oak St., Fairbury IL 61739 | (815) 692-2302
Auction Manager: Kevin Haas (309) 264-7767 DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107
LOCATION & GENERAL INFORMATION The Erdmann farm is located approximately 12 miles northeast of Dixon, Illinois or 16 miles southwest of Rochelle, Illinois. The property is further described as being located in Section 24, T22N-R10E, Franklin Grove township, Lee County, Illinois. The real estate contains a total of 197.83 acres (subject to survey) and will be sold in 2 tracts. Tract 1 represents productive tillable cropland while Tract 2 represents a beautiful country home improved with multiple buildings and grain storage. Farmers and country enthusiast, be sure to check out this Lee County, Illinois auction. TRACT INFORMATION TRACT 1 - 188 Acres± (Subject to Survey) • FSA map indicates 185.78 NHEL cropland acres • Productivity Index (PI): 123.1 • Soil types include Fanpetten, Nachusa, Prairieville, Jasper, Clyde, Dickinson, La Hogue, Binghampton and Orio • Improved with a 7 tower Valley center pivot irrigation system with a corner arm system • 220’ well with 16” casing (diesel engine powered but NOT included) • Farm is leased for 2023 & 2024 crop years (contact auction manager for details) • Access along the west side from Daysville Rd. TRACT 2 - 10 Acres± (Subject to Survey) • 3-story farm house • Open house: Saturday, Jan. 21, 2023 from 10:00 AM –12:00 PM • 2046 Daysville Rd, Franklin Grove, IL 61031 • 5 Bedrooms - 2 Bathrooms • Basement • Natural Gas furnace • Central A/C • Grain Facility • Approximately 250,000-bushel storage capacity
SUBJECT
• (1) 160,000 bu. Bin • (1) 40,000 bu Bin • Several Harvestore silos • Grain Leg • Meyer 700B dryer (Natural Gas) • Meyer 850B dryer (Natural Gas) • 70’ split truck scale with digital readout • Control building for dryers and grain leg
• 25x55 combo scale house, office, and/or additional living quarters. Recently remodeled into a 3 bedroom, 1.5 bath residence • 60x104 machine shed with concrete floor • 42x104 building with concrete floor • 36x106 heated combination garage & shop with concrete floor • 24x81 carpentry shed • 16x30 office building with a half bath • Additional outbuildings
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 1
123.1
TRACT 1
TRACT 2
TRACT 2
METHOD & TERMS Tract 1 of the Erdmann farm will be sold on a price per acre basis, based on a soon to be completed survey. Tract 2 will be sold as a lump sum total dollar amount. The tracts will not be offered in their entirety at the end 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 March 3, 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 time of closing subject to a 2023 and 2024 crop tenancy lease (contact auction manager for details). 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, LLC pertaining to this property. Real estate is being sold “AS IS”.
ADDITIONAL INFORMATON, PHOTOS & BIDDING ONLINE: www.SullivanAuctioneers.com
www.SullivanAuctioneers.com
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
197.83 TAXABLE ACRES± SELLING IN 2 TRACTS
VIRTUAL ONLINE | LEE COUNTY, ILLINOIS LAND AUCTION FRIDAY, FEBRUARY 03, 2023 AT 10:00 AM CT
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107 ELIZABETH V. ERDMANN TRUST & PETER M. ERDMANN TRUST
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