VIRTUAL ONLINE
LIVINGSTON, FORD & IROQUOIS COUNTY, IL LAND AUCTION FRIDAY, FEBRUARY 28, 2025 AT 10:00 AM CT
663.32 ACRES± (SUBJECT TO SURVEY) • SELLING IN 7 TRACTS
AUCTION MANAGER:
P&P GRAY FARMS INC Representing Attorney: Nicholas Ehrgott | Caughey, Legner, Freehill, Ehrgott & Mann, LLP 204 N. Main Street, Pontiac, IL 61764 | (815) 842-1112
KEVIN HAAS (309) 264-7767
SCAN FOR ADDITIONAL DETAILS, MAPS, PHOTOS & BIDDING!
WWW.SULLIVANAUCTIONEERS.COM (844) 847-2161 | LICENSE #444000107
The P&P Gray Farms are generally located 2-4 miles northeast of Cullom, IL, or 20 miles east of Pontiac, IL. Tract 7 is located 9 miles east of Cullom, IL. The land is further described as being located in Sections 1, 12, 13 & 14, T28N-R8E, Sullivan Township, Livingston County, Section 18, T28N-R9E, Mona Township, Ford County and Section 28, T28N-R10E, Ashkum Township, Iroquois County, Illinois. Farmers & investors, be sure to check out this impressive group of well-maintained, quality farms! LOCATION & GENERAL INFORMATION
TRACT 1
TRACT 2
TRACT 3
TRACT 4
METHOD & TERMS
The P&P Gray Farms will be sold on a price per acre basis. All 7 tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the 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 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 Wednesday April 2, 2025. The seller will provide title insurance in the full amount of the purchase price. Seller will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Buyer will pay all the 2025 taxes and beyond. Open lease for 2025 crop year. Possession for all the farmland at closing. Possession for tract 4 building is subject to the previous tenant retaining the use of and access to the building until May 1, 2025. Possession for tract 4 grain bins are subject to the previous tenant retaining the use of and access to the bins until July 31, 2025. 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 pertaining to this property. Real estate is being sold “AS IS”.
TRACT 4
TRACT 5
TRACT 6
TRACT 7
TRACT INFORMATION
TRACT 1 – 80.0 TAXABLE ACRES± (LIVINGSTON COUNTY) • FSA figures indicate 78.47 NHEL cropland acres • Productivity Index (PI): 125.3 • Soil types include Ashkum, Elliott, Thorp, Martinton • Access along the west side from 3400E Rd TRACT 2 – 156.24 TAXABLE ACRES± (LIVINGSTON COUNTY) • FSA figures indicate 154.19 cropland acres • Productivity Index (PI): 117.3 • Soil types include Ashkum, Bryce, Clarence, Elliott, Peotone, Swygert, and Varna • Includes 2 small grain bins • Extensive conservation & drainage improvements (see website for details) • Access along the north side from 2100N Rd and along the east side from 3600E Rd (county line) TRACT 3 – 40.0 TAXABLE ACRES± (LIVINGSTON COUNTY) • FSA figures indicate 37.99 NHEL cropland acres • Productivity Index (PI): 128.7 • Soil types include Ashkum & Andres • Access along the west side from 3500E Rd and along the south side from 1900N Rd TRACT 4 – 134 ACRES± (SUBJECT TO SURVEY) (LIVINGSTON COUNTY) • FSA map figures indicate 132.36 NHEL cropland acres • Productivity Index (PI): 126.7 • Soil types include Ashkum, Elliott, Andres, Peotone, and Symerton • Improved with 60’x100’x16’ steel frame building o Partial insulated shop area with concrete floor o Natural floor cold storage area • Previous tenant retains the use of and access to the building until May 1, 2025 • Improved with 5 grain bins (60,000 bu total capacity) • Previous tenant retains the use of and access to the bins until July 31, 2025 • Access to the building and bins area is by way of a 30’ easement (north lane) • Field access is along the west side from 3500E Rd and along the north side from 1900N Rd TRACT 5 – 95 ACRES± (SUBJECT TO SURVEY) (LIVINGSTON COUNTY) • FSA map figures indicate 94.84 NHEL cropland acres • Productivity Index (PI): 125.1 • Soil types include Ashkum, La Hogue, Symerton, Elliott, Peotone, and Pella • Access along the north side from 1900N Rd o Farm Fans CF-225 grain dryer, natural gas o Farm Fans Convey-Air grain transfer system
TRACT 6 – 80.0 TAXABLE ACRES± (FORD COUNTY) • FSA map figures indicate 79.12 NHEL cropland acres • Productivity Index (PI): 125.8 • Soil types include Ashkum and Elliott • Extensive drain tile installed (see website for details) • Access along the east side from 1300E Rd
TRACT 7 – 80.0 TAXABLE ACRES± (IROQUOIS COUNTY) • FSA map figures indicate 76.69 NHEL cropland acres • Productivity Index (PI): 130.5 • Soil types include Pella & Milford • Pattern tiled (see website for details) • Access along the west side from 200E Rd and along the south side from 2500N Rd
DRONE FOOTAGE AVAILABLE ON OUR WEBSITE
TRACT 2
TRACT 1
125.3
117.3
TRACT 4
TRACT 3
128.7
126.7
TRACT 5
TRACT 6
125.8
125.1
AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161 ADDITIONAL INFORMATION, PHOTOS & BIDDING AVAILABLE ONLINE: WWW.SULLIVANAUCTIONEERS.COM
TRACT 7
130.5
TRACT 1
TRACT 2
TRACT 2
TRACT 3
TRACT 4
TRACT 4
TRACT 5
TRACT 6
TRACT 7
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
VIRTUAL ONLINE LIVINGSTON, FORD & IROQUOIS COUNTY, IL LAND AUCTION FRIDAY, FEBRUARY 28, 2025 AT 10:00 AM CT
663.32 ACRES± (SUBJECT TO SURVEY) SELLING IN 7 TRACTS
P&P GRAY FARMS INC
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS | (844) 847-2161 | LICENSE #444000107
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