VIRTUAL ONLINE
BUREAU COUNTY, ILLINOIS LAND AUCTION FRIDAY, NOVEMBER 03, 2023 AT 1:00 PM CT
212 ACRES± (SUBJECT TO SURVEY) • SELLING AS 2 TRACTS
HIGH QUALITY CLASS A FARM!
BLACK & MADSEN TRUSTS LARRY & RITA BLACK LIVING TRUST - LARRY BLACK CO-TRUSTEE LARRY & RITA BLACK LIVING TRUST - COREY BLACK CO-TRUSTEE MADSEN FAMILY REVOCABLE TRUST - JULIE HERNANDEZ TRUSTEE Representing Attorney: John S. Duncan | Herbolsheimer, Duncan, Eiten, Hintz & Klinefelter PC. 654 1st St, La Salle, IL 61301 | (815) 223-0111
AUCTION MANAGER:
KEVIN HAAS (309) 264-7767
DETAILS, MAPS, PHOTOS & BIDDING: WWW.SULLIVANAUCTIONEERS.COM
SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107
The Black & Madsen Trusts farmland is generally located 2 miles northeast of Mineral, IL or 17 miles west of Princeton, IL. Further described as being located in Sections 3 & 4, T16N-R6E, Mineral Township, Bureau County, Illinois. Farmers and investors, don’t miss this opportunity – all tracts are Class A and lie along the historic Hennepin Canal. LOCATION & GENERAL INFORMATION
TRACT INFORMATION
TRACT 1 – 193 ACRES± (SUBJECT TO SURVEY) • FSA figures indicate 192.15 NHEL cropland acres • Productivity Index (PI): 142 (Class A) • Soil types include Drummer, Plano, Elburn, Thorp, and Harpster • Includes a small triangle field located on the south side of the Hennepin Canal • Access along the south side from CR 1750N and along the west side from CR 250E TRACT 2 – 19 ACRES± (SUBJECT TO SURVEY) • FSA figures indicate 18.6 NHEL cropland acres • Productivity Index (PI): 137.3 (Class A) • Soil types include Harpster, Drummer, and Elburn • Access is by way of an easement from CR 1750N/250E
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
DRONE FOOTAGE AVAILABLE ON OUR WEBSITE
TRACT 1
TRACT 2
137.3
142
METHOD & TERMS
The Black & Madsen Trusts farm will be sold on a price per acre basis, based on surveyed acres. Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. The tracts will NOT be offered in their entirety 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 Monday, December 4, 2023. The seller will provide title insurance in the full amount of the purchase price. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing lease for the 2023 crop year. 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”.
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
212 ACRES± (SUBJECT TO SURVEY) SELLING AS 2 TRACTS
VIRTUAL ONLINE | BUREAU COUNTY, ILLINOIS LAND AUCTION FRIDAY, NOVEMBER 03, 2023 AT 1:00 AM CT
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107 BLACK & MADSEN TRUSTS
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