TRACT INFORMATION
Tract 1 will sell on a price per acre basis, based on the taxable acres. Tract 2 will sell for the lump sum, total dollar amount. Each sale will be final and no combinations will be offered. 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 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 Thursday, July 9, 2026. The Seller will provide title insurance in the full amount of the purchase price and will pay all the 2025 real estate taxes, due and payable in 2026 in the form of a credit as clossing. The 2026 real estate taxes and all subsequent taxes will be the responsibility of the buyer. Seller will pay the 1st installment of the 2025 Drainage Taxes (due June 1) with the buyer paying the 2nd installment (due Aug. 1). The drainage taxes for this property include both the regular annual assesment and additional assesments. The Buyer will be responsible for assuming the additional assesment, and will be responsible for the remaining years of the obligation moving forward. Buyer will receive 100% of the 2026 CRP payment. Possession will be given at the time of closing. There are no hunting leases associated with the property. 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”. TRACT 1 - 72.49 TAXABLE ACRES • FSA records indicate 55.10 acres of cropland currently enrolled into CRP (CP23) paying $7,967 annually thru 9-30-2034 • Excellent waterfowl hunting with duck and goose blinds in place • Levee protected along the Mississippi River • Multiple ponds and sloughs that attract waterfowl along the Mississippi flyway • Trails mowed and maintained throughout allowing for access to entire property • Excellent whitetail deer, turkey, mushroom and other wildlife hunting • Buyer to receive 100% of the 2026 CRP Payment • Deeded road for access from the south off North 2650th Ave • 2024 Property Taxes $1,360.18 TRACT 2 - .5 ACRE LOT WITH CABIN • Elevated Cabin in Meyer, Illinois • 1 Bedroom, 1 Bath with Living Area and Kitchen • Ample storage including small shed and space under the cabin • Lot size would allow for more building opportunities or a place to park a camper • All utilities in place • Physical address: 2645 E 50th St. Warsaw, IL 62379 • Open House : Tuesday, May 12 • 4:30 PM - 6:00 PM • 2024 Property Taxes $1,042.90 METHOD & TERMS
AUCTION TO BE CONDUCTED AS A LIVE, ONLINE AUCTION. IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161 ADDITIONAL INFORMATION, PHOTOS, SOIL MAPS & BIDDING AVAILABLE ONLINE: WWW.SULLIVANAUCTIONEERS.COM
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