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Auction Information
Auctioneer Sullivan Auctioneers, LLC 844-847-2161
Auction Date Dec 01 Auction
Location
American Legion Banquet Room
45 Wallace Street
Galva, IL
Time 06:00PM
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Auction Listing
AuctionZip Auctioneer ID# 43943
KNOX COUNTY, IL LAND AUCTION
118.75 ACRES± • 2 TRACTS
Thursday, December 1, 2016 at 6:00 P.M.
Auction to be held at the American Legion Banquet Room • 45 Wallace Street • Galva, IL

“CLASS A” FARMLAND!
 
Farm sells with full possession for the 2017 crop year!
 
LOCATION & GENERAL INFORMATION
Land is located in Sections 7 & 8, T13N•R4E, Lynn Township, Knox County, IL. Land is generally located approximately 2 miles southwest of Galva, IL (watch for presale directional signs).
Both tracts represent some of the most productive farmland in the entire state of Illinois with impressive PI’s of 137.5 and 136.3 respectively!
Land lays nicely with a gentle roll, has been very well maintained and is in close proximity to Big River Resources Ethanol Plant. Both tracts have excellent access with roads along the entire north & east sides of Tract 1 and along the entire north and west side of Tract 2.
 
TRACT INFORMATION
Tract 1: 80 Taxable Acres±
FSA figures indicate 77.39 acres of NHEL cropland.
Class A soils include: Ipava, Osco, Sable, Elkhart & Assumption.
PI rating of 137.5!
Access is along the entire north side by 2900N & along the east by Knox Road #1900E.
 
Tract 2: 38.75 Taxable Acres±
FSA figures indicate 36.6 acres of NHEL cropland.
Class A soils include: Ipava, Osco, Sable & Elkhart.
PI rating of 136.3!
Access is along the entire north side by 2900N & along the west by Knox Road #1900E.
 
METHOD & TERMS
Both tracts will sell on a price per acre basis based on the above indicated taxable acres and will be auctioned through the marketing method of “Buyer’s Choice,” under which the high bidder can purchase Tract 1, Tract 2 or both Tracts 1 & 2 (in any order) for their high bid.  If the winning bidder only elects one of the two tracts, the remaining tract will then be sold.  Bidders will NOT be able to place bids on the entire property based on the cumulative sum the individual tracts achieve through “Buyer’s Choice” auctioning.
Ten percent (10%) of the bid price to be paid on the day of sale, with the balance due at the time of closing which will be on January 2, 2017. Possession will be given at the time of closing, farm sells with full possession for the 2017 crop year.
Title Insurance will be issued in the full amount of the purchase price. The 2016 real estate taxes will be paid by the seller.
All announcements made sale day take precedence over 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, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold “AS IS”.

Investors, 1031 Land Exchange Buyers & Farmers…Be sure to check out these top producing tracts of Illinois farmland!
 
Theodore Kendall Revocable Living Trust
Karen Callens, Successor Trustee
 
ATTORNEY:
Mike Massie
Massie & Quick, LLC
Attorneys at Law
115 Northwest Third Avenue
P.O. Box 205
Galva, Illinois 61434
Office (309) 932-2168
Fax (309) 932-3427




Auctioneer License Information: 444000107

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