VIRTUAL ONLINE
LASALLE COUNTY, ILLINOIS LAND AUCTION THURSDAY, NOVEMBER 10 TH , 2022 AT 10:00 AM CDT
727.35 TAXABLE ACRES± • SELLING IN 5 TRACTS
ANN JOHANNES TRUST & IRENE COVERDELL TRUST Representing Attorney: John L. Cantlin | The Cantlin Law Firm 760 E Etna Rd., Ottawa IL 61530 (815) 433-4712
Auction Manager: Kevin Haas (309) 264-7767 DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107
LOCATION & GENERAL INFORMATION Tracts 1 & 2 of the Johannes & Coverdell farm are located approximately 8 miles east of Troy Grove, IL, or 12 miles northeast of LaSalle, IL. Tract 1 is further described as being located in Section 36, T35N-R2E, Ophir Township, LaSalle County, IL, and Tract 2 is further described as being located in Section 10, T34N-R2E, Waltham Township, LaSalle County, IL. Tracts 3-5 are located approximately 4 miles north of North Utica, IL, or 6 miles northeast of LaSalle, IL. The tracts are further described as being located in Section 20, T34N-R2E, Waltham Township, LaSalle County, IL. The property contains a total of 727.35 taxable acres and will be sold in 5 tracts. All tracts are ideally located and offer highly productive tillable cropland with Class A soils. Farmers and investors be sure to check out these highly sought-after Class A farms in LaSalle County, Illinois.
TRACT 2
VISIT OUR WEBSITE SULLIVANAUCTIONEERS.COM FOR ADDITIONAL DETAILS, MAPS, PHOTOS & BIDDING
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
TRACT 5
TRACT 1
METHOD & TERMS All 5 tracts will be sold by the acre, based on the taxable 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 the tracts then the remaining tract(s) will then be offered. The tracts will not be offered together 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 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 December 14, 2022. The seller will provide title insurance in the full amount of the purchase price and provide a credit to Buyer at closing for the 2022 real estate taxes, due and payable in 2023. Buyer will be responsible for the 2022 real estate taxes, due and payable in 2023 and all subsequent years. Buyer will receive full possession of Tracts 1-4 for the 2023 crop year upon completion of the 2022 harvest, no later than January 31, 2023. Tract 5 sells subject to a lease for the 2023 crop year expiring December 31, 2023. 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”.
ON BEHALF OF SULLIVAN AUCTIONEERS, LLC THANK YOU FOR YOUR INTEREST IN THIS LAND AUCTION! Auction Manager: Kevin Haas (309) 264-7767
WHAT SETS APART A SULLIVAN AUCTIONEERS’ AUCTION? • Attention To Detail • Product Knowledge • No-Reserve Equipment • Buyer Convenience • Industry Contacts • Aggressive Marketing • No Buyer’s Premium
TRACT INFORMATION, AERIAL & SOIL MAPS TRACTS 1 & 2 Located in Section 36, T35N-R2E, Ophir Township and Section 10, T34N-R2E, Waltham Township, LaSalle County, IL
TRACT 2
TRACT 1
TRACT 2
TRACT 1
TRACT INFORMATION
TRACT 1 - 158 TAXABLE ACRES • FSA maps indicate 156.46 NHEL cropland acres • Productivity Index (PI): 140.7 (Class A) • Soil types include Blackberry, Drummer, Flanagan, Sable, Muscatune, Plano, Graymont and Catlin • Access along the west side from E11th Rd and along the south side from N36th Rd
TRACT 2 - 160 TAXABLE ACRES • FSA maps indicate 151.49 NHEL cropland acres which includes 4.6 CRP acres with an annual payment of $975 expiring 9-30-2030 • Productivity Index (PI): 144.9 (Class A) • Soil types include Muscatune, Sable, Elpaso and Catlin • Pattern tiled • Open front shed • Access along the north side from N35th Rd and along the east side from E10th Rd
TRACT 2
TRACT 1
TRACT 2
TRACT 1
TRACT 2
140.7
144.9
TRACT INFORMATION, AERIAL & SOIL MAPS TRACTS 3, 4, & 5
Located in Section 20, T34N-R2E, Waltham Township, LaSalle County, IL.
TRACT 4
TRACT 3
TRACT 5
TRACT INFORMATION
TRACT 3 - 97 TAXABLE ACRES • FSA maps indicate 93.42 NHEL cropland acres which includes 1.3 CRP acres with an annual payment of $513 expiring 9-30-2026 • Productivity Index (PI): 141.6 (Class A) • Soil types include Plano, Drummer, Elburn, Flanagan, Blackberry and Graymont • Access along the east side from E8th Rd (Co Hwy 43) TRACT 5 - 205.92 TAXABLE ACRES • FSA maps indicate 174.43 NHEL cropland acres which includes 5.9 CRP acres with an annual payment of $2,300 expiring 9-30-2026 • Productivity Index (PI): 138.7 (Class A) • Balance of the tract is 30.11 acres in pasture • Soil types include Plano, Drummer, Osco, Flanagan, Catlin and Proctor • Access along the west side from E7th Rd and along the north side from N33rd Rd (Co Hwy 33) • Crop tenancy lease for the 2023 crop year expiring December 31, 2023
TRACT 4 - 106.43 TAXABLE ACRES • FSA maps indicate 98.03 cropland acres of which 76.3 a
cres are NHEL and 21.73 acres are HEL. • Productivity Index (PI): 134.4 (Class A)
• Approximately 3.85 acres of pasture sits at the NW corner • Soil types include Proctor, Plano, Elpaso, Catlin, Birkbeck, Drummer, Graymont and Osco • Access along the west side from E7th Rd
TRACT 3
TRACT 5
141.6
TRACT 4
TRACT 5
134.4
138.7
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
727.35 TAXABLE ACRES± SELLING IN 5 TRACTS
VIRTUAL ONLINE | LASALLE COUNTY, ILLINOIS LAND AUCTION THURSDAY, NOVEMBER 10 TH , 2022 AT 10:00 AM CDT
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107 ANN JOHANNES TRUST & IRENE COVERDELL TRUST
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