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WILL COUNTY, ILLINOIS REAL ESTATE AUCTION FRIDAY, AUGUST 12, 2022 AT 1:00 P.M. CT 2 GRAIN FACILITIES - NEARLY 4 MILLION BUSHEL CAPACITY
OPEN HOUSE INSPECTION DATE: August 1, 2022 from 9:00 AM - 2:00 PM
RITCHIE GRAIN ELEVATOR INC. GARY RABIDEAU - PRESIDENT JEFF RABIDEAU - VP & OPERATIONS MANAGER Representing Attorney: Scott A. Roberts | Roberts Law Office, LLC 443 NE Pinehurst Circle, Ankeny, IA 50021 scott@srobertslawoffice.com | (217) 412-1004
Auction Managers: Brandt Henness (309) 224-4276 & Michael Sullivan (309) 333-0916 DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107
LOCATION & GENERAL INFORMATION After 75 years, the Rabideau family is retiring from the grain elevator business and selling 2 grain facilities located approximately 4 miles southeast of Wilmington, IL. Tract 1 contains nearly 3 million bushels of grain storage and is located just north of Ritchie, IL (west of Highway 102). Tract 2 contains nearly 1 million bushels of grain storage and is located in Ballou, IL (1 mile east of Highway 102). Both facilities have been meticulously maintained and offer tremendous opportunities for either commercial or farm grain storage. TRACT 1 TRACT INFORMATION
TRACT 1 - RITCHIE FACILITY • Address: 34511 Elevator Rd, Wilmington, IL • 2,982,000 bushels total licensed space
• 2 – 700,000 bu. Bins • 1 – 560,000 bu. Bin • 1 – 300,000 bu. Bin • 7 – 100,000 bu. Bins • Gamet Apollo 610A probe • 12’ x 60’ truck scale • 3 - dump pits
• 12,000 bph corn receiving leg • 12,000 bph corn unload system • 2 – Meyer tower grain dryers (4,200 bph at 5%) • Dust control system (new in 2014) • Newton Grain cleaner • 2 – container loading augers • 1,500 square foot office building • Electric (contract transfers to new owner and is valid through September 2025) • Updated fill conveyors to corn bins • Elevator Rd boarders along the north and west side TRACT 2 - BALLOU FACILITY • Address: 20520 W Ballou Rd, Wilmington, IL • 974,000 bushel total licensed space Includes 2 - 155,000 bushel bins and several 80-100,000 bushel bins • 10’ x 60’ truck scale • Newer probe and probe office • 3 - dump pits • 2 – Meyer tower grain dryers • 2 – 40’x100’ storage buildings with concrete floors • 1 - 1,000 gallon • 1 - 6,000 gallon • 1 - 12,000 gallon • New corn receiving pit and building • Updated dry leg and towers • West Ballou Rd boarders along the south side For a more complete and detailed list of the equipment and numerous photos of the facilities, please visit our website! sullivanauctioneers.com • 45’x70’ storage building • 70’x220’ storage building • 40’x70’ heated shop • 3 – propane storage tanks
TRACT 2
TRACT 2
TRACT 1
TRACT 2
METHOD & TERMS Each tract will be sold individually for a “lump sum total dollar amount”.
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 September 9, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. The 2022 real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing. Bidding is NOT subject to the following 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 and all assets are being sold “AS IS”.
DETAILS, MAPS, PHOTOS & BIDDING: SULLIVANAUCTIONEERS.COM | SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
VIRTUAL ONLINE | WILL COUNTY, ILLINOIS REAL ESTATE AUCTION FRIDAY, AUGUST 12, 2022 AT 1:00 PM
4 MILLION BUSHEL CAPACITY SELLING IN 2 TRACTS NEARLY
RITCHIE GRAIN ELEVATOR, INC. GARY RABIDEAU & JEFF RABIDEAU
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