Gumm Sale Bill

VIRTUAL ONLINE

KNOX COUNTY, ILLINOIS LAND AUCTION THURSDAY, FEBRUARY 27, 2025 AT 1:00 PM CT

89.69 ACRES± (SUBJECT TO SURVEY) • SELLING IN 1 TRACT

AUCTION MANAGER:

JAMES A. GUMM ESTATE Representing Attorney: Patrick Egan | Egan Law, LLC 2101 Windish Dr., Galesburg, IL 61401 | (309) 343-5010

ISAAC TABER (309) 335-8081

SCAN FOR ADDITIONAL DETAILS, MAPS, PHOTOS & BIDDING!

WWW.SULLIVANAUCTIONEERS.COM (844) 847-2161 | LICENSE #444000107

LOCATION & GENERAL INFORMATION

The Gumm farm is located approx. 3.5 miles southeast of Galesburg, IL and 2.5 miles west of Knoxville, IL along Knox Rd 1250 N and Fleisher Rd and is further described as being located in Section 36, T11N - R1E, Galesburg Township, Knox County, Illinois. The farm represents productive tillable farmland. The balance of the property consists of an approximately 2 1/2 acre pond and timbered draws. A great opportunity to purchase farmland in Knox County, IL.

SUBJECT

• 89.69 acres (subject to survey) TRACT INFORMATION

• FSA figures indicate 72.04 NHEL acres of

cropland currently in row crop production

• Productivity Index (PI): 128.2

• Soil types include Ipava, Clarksdale, Rozetta,

Greenbush

• Access is along Knox Rd 1250 N & Fleisher Rd

AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161

128.2

METHOD & TERMS

The Gumm farm will sell on a per acre basis, based on surveyed acres. Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before Monday, March 31, 2025 The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Buyer will receive possession at closing. Open lease for 2025 crop year and beyond. Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection. All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure 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 the property. The real estate and improvements are being sold “AS IS”.

ADDITIONAL INFORMATION, PHOTOS & BIDDING AVAILABLE ONLINE: www.SullivanAuctioneers.com

FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301

PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com

89.69 ACRES± (SUBJECT TO SURVEY)

VIRTUAL ONLINE | KNOX COUNTY, ILLINOIS LAND AUCTION THURSDAY, FEBRUARY 27, 2025 AT 1:00 PM CT

SELLING IN 1 TRACT

DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS | (844) 847-2161 | LICENSE #444000107 JAMES A. GUMM ESTATE

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