VIRTUAL ONLINE
DEKALB COUNTY, ILLINOIS LAND AUCTION TUESDAY, NOVEMBER 8 TH , 2022 AT 4:00 PM CDT
175 ACRES± (SUBJECT TO SURVEY) • SELLING AS 3 TRACTS
OSLAND PROPERTIES Representing Attorney: Jeff Lewis | Klein, Stoddard, Buck & Lewis, LLC 2045 Aberdeen Ct #A, Sycamore, IL 60178 (815) 748-0380
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #IL 444000107 Auction Manager: Kevin Haas (309) 264-7767
LOCATION & GENERAL INFORMATION The Osland farm is located approximately 3 miles south of Sycamore, IL, on the northeast edge of Dekalb, IL city limits, and is further described as being located in Sections 9 & 18, T40N-R5E, Cortland Township, DeKalb County, IL. All three tracts represent highly productive tillable cropland with Tracts 1 & 2 being Class A soil. These properties offer unlimited commercial or residential development opportunities. The property contains a total of 175 acres (subject to survey) and will be sold in 3 tracts. Farmers, investors, and developers be sure to check out these DeKalb County, IL properties. TRACT INFORMATION TRACT 1 - 31 ACRES (SUBJECT TO SURVEY) • FSA maps indicate 31.62 NHEL cropland acres • Productivity Index (PI): 135.3 (Class A) • Soil types include Kaneville, Elpaso, Flanagan, Virgil, Elburn, Danabrook and Catlin • Excellent commercial or residential development potential • Road access along the south side from Barber Greene Rd (Co Hwy 27) TRACT 2 - 63 ACRES (SUBJECT TO SURVEY) • FSA maps indicate 62.73 NHEL cropland acres • Productivity Index (PI): 138.9 (Class A) • Soil types include Catlin, Flanagan, Kaneville, Elburn and Danabrook • Excellent commercial or residential development potential • Road access along the north side from Barber Greene Rd (Co Hwy 27) TRACT 3 - 81 ACRES (SUBJECT TO SURVEY) • FSA maps indicate 77.79 total cropland acres. Of which 70.45 acres are HEL, 2.14 acres are NHEL, and 5.2 are CRP acres with an annual payment of $1,120 expiring 9-30-2024. • Productivity Index (PI): 124.5 • Soil types include Octagon, Wingate, Drummer, Blackberry and Barony • Excellent commercial or residential development potential • Road access along the south side from Barber Greene Rd (Co Hwy 27)
METHOD & TERMS All 3 tracts will be sold by the acre, based on surveyed acres, and offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) any or all tracts for their high bid. If the high bidder does not take all offered tracts, then the remaining tracts will be offered. The tracts will not be offered together 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 January 20, 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 2023 and all subsequent taxes. Possession will be given at the time of closing, subject to any remaining crop tenancy for the 2022 crop year only. The properties sell free and clear of tenancy 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 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”.
TRACT 1
135.3
TRACT 2
138.9
TRACT 3
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.
124.5
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
175 ACRES± (SUBJECT TO SURVEY) SELLING IN 3 TRACTS
VIRTUAL ONLINE | DEKALB COUNTY, ILLINOIS LAND AUCTION TUESDAY, NOVEMBER 8 TH , 2022 AT 4:00 PM CDT
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #IL 444000107 OSLAND PROPERTIES
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