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Auction Information
Auctioneer Sullivan Auctioneers, LLC 844-847-2161
Auction Date Nov 21 Auction
Location
AMERICAN LEGION
8 E. STRAIN STREET
SULLIVAN, IL
Time 10:00AM
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Auction Listing
AuctionZip Auctioneer ID# 43943
HUGE MOULTRIE COUNTY, IL LAND AUCTION
863.73 ACRES± • 10 TRACTS
TUESDAY, NOVEMBER 21, 2017 AT 10:00 A.M.
AUCTION VENUE: AMERICAN LEGION, 8 E. STRAIN STREET, SULLIVAN, IL 61951

LOCATION & GENERAL INFORMATION
All of the Elder farms are located in close proximity to Sullivan, IL.
Tracts 1 – 4 are located at the south edge of Sullivan, IL and is further described as being in Section 11, T13N•R5E, South Part Sullivan Township. From the Jct. of Hwy. 121 & Hwy. 32, go south on Hwy. 32 approx. 1 1⁄4 miles.
Tracts 5 & 6 are located near the southwest edge of Sullivan, IL and are further described as being in Section 2, T13N•R5E, South Part Sullivan Township. From the Jct. of Hwy. 121 & Hwy. 32, take Hwy. 121 west 1⁄2 mile to Market Street, then left or south 1⁄4 mile.
Tracts 7 & 8 are located approx. 5 miles northwest of Sullivan, IL and are further described as being in Section 36, T14N•R4E, Marrowbone Township. From the Jct. of Hwy. 121 & Hwy. 32, take Hwy. 121 west approx. 5 miles to CR 1475N, then left or south approx. 1⁄2 mile. Please note: Tract 8 is located a short distance south and west of Tract 7 and currently has no access.
Tract 9 is located west of Sullivan, IL on Hwy. 121 approx. 1 1⁄4 miles to Hwy. 32, then north 3 1⁄2 miles to CR 1750, then left or west 1⁄2 mile, then right or north 1⁄4 mile, then left or west 1 mile. Tract 9 is further described as being in Sections 17, 19 & 20, T14N•R5E, North Part Sullivan Township.
Tract 10 is located west of Sullivan, IL on Hwy. 121 approx. 11⁄4 miles to Hwy. 32, then right or north approx. 5 miles and is further described as being in Sections 3, 4 & 9, T14-15N•R5E, South Part Lovington Township.
Watch closely for directional & tract signs posted on each tract.
 
TRACT INFORMATION
Tract 1 – 135.0 Acres
PIN 08-08-11-000-306¬
FSA figures list this farm as 100% tillable
Highly productive soils: Flanagan, Drummer-Milford and a small portion of Dana
Productivity Index: 140.1
The east 80 acres is zoned light industrial
The west 55 acres is zoned agricultural
City water available
Access from Road 1200N
Being sold subject to an existing cash rent lease with Sager Farms Inc. for the ’18 crop year
 
Tract 2 – 34.14 Acres
PIN 08-08-11-402-055, 08-08-11-402-056, 08-08-11-402-057
FSA figures list this farm as 100% tillable
Highly productive soils: Flanagan and Drummer-Milford
Productivity Index: 142.9
Zoned light industrial, lies within TIF District #2 and is in the city limits of Sullivan, IL
City utilities available
Access from Road 1200N and IL Rt. 32
Being sold subject to an existing cash rent lease with Sager Farms Inc. for the ’18 crop year
 
Tract 3 – 0.5 Acres
PIN 08-08-11-402-055, 08-08-11-402-056, 08-08-11-402-057
Improvements include an older 60’x60′ barn w/ loft
Lies in the city limits and within TIF District #2
City utilities available
Access from IL Rt. 32 and from Hydro Gear Dr.
Sells for a “lump sum” total dollar amount
 
Tract 4 – 2.85 Acres
PIN 08-08-11-401-006
FSA figures list this farm as 100% tillable
Highly productive soils: Flanagan and Drummer-Milford
Productivity Index: 143.8
Zoned light industrial
Lies in the city limits and within TIF District #2
City utilities available
Access by way of an easement on the southeast corner
Being sold subject to an existing cash rent lease with Sager Farms Inc. for the ’18 crop year
Sells for a “lump sum” total dollar amount
 
Tract 5 – 18.86 Acres
PIN 08-08-02-000-342
FSA figures indicate approx. 18 acres tillable
Highly productive soils: Flanagan and Drummer-Milford
Productivity Index: 141.7
East part zoned medium density residential, with the balance zoned light industrial
City utilities to include electric, gas & water
Access along the south and east sides
Being sold subject to an existing cash rent lease with Sager Farms Inc. for the ’18 crop year
 
Tract 6 – 1.83 Acres
PIN 08-08-02-000-342
Improvements include an older 1344 sq. ft. house with 2 bedrooms, single bath, crawl space and a concrete block structure. There are other older outbuildings.
Zoned medium density residential
City utilities to include electric, gas & water (this home also has its own private septic system)
There is a small amount of tillable acres which are being sold subject to the existing cash rent lease with Sager Farms Inc. for the ’18 crop year
Access is along the south and east sides
Sells for a “lump sum” total dollar amount
 
Tract 7 – 40.25 Acres
PIN 04-04-36-000-203
FSA figures indicate 37.54 acres tillable
Soil types: Xenia and Senachwine
Productivity Index: 115.5
Zoned agricultural
Access off County Road 1475N
Being sold subject to an existing crop share lease with Ronald Robinson for the ’18 crop year
 
Tract 8 – 5.45 Acres
PIN 04-04-36-000-302
FSA figures indicate 5 acres tillable
Soil types: Xenia and Senachwine
Productivity Index: 114.3
Zoned agricultural
There is currently no legal access to this tract
Being sold subject to an existing crop share lease with Ronald Robinson for the ’18 crop year
Excellent opportunity to purchase a small tract of recreational land!
 
Tract 9 – 468.85 Acres
PIN 08-05-17-000-320, 08-05-17-000-408, 08-05-19-000-021, 08-05-20-000-100, 08-05-20-000-100, 08-05-20-000-112, 08-05-20-000-113, 08-05-20-000-117
FSA figures indicate approx. 363.25 acres of cropland. Please read the following information closely for the total tillable acres:
54.3 acres that were enrolled previously in CRP, which have expired. These acres could potential be re-enrolled as CRP acres in the future. Please contact the Moultrie Co. FSA office for details.
27.61 acres enrolled in CRP with an annual payment of $7,658.00 through 9-30-26.
4.5 acres enrolled in CRP with an annual payment of $901.00 through 9-30-24.
4.2 acres enrolled in CRP with an annual payment of $552.00 through 9-30-20.
272.6 acres of tillable farmland which sells with an open lease for ’18
The balance of this large and unique property consists of mature timber, meandering creeks and ideal food plot areas—making this one of the most attractive recreational properties in Central Illinois!
Improvements include a 3 room cabin built in 1950; 30’x68’ quonset shed built in 1970; and several additional outbuildings.
There are approx. 18 acres zoned C3 (Resort Commercial District), with the balance zoned agricultural
Access is along the entire north side and off the southeast corner by Road 775E
 
Tract 10 – 156.0 Acres
PIN 02-05-03-000-308, 02-05-04-000-400, 02-05-09-000-204, 02-05-10-000-104
FSA figures indicate approx. 81.04 acres of cropland. The following is a breakdown of the tillable acres:
25.44 acres that have recently expired from CRP and could potentially be re-enrolled. Contact the Moultrie Co. FSA office for details.
1.9 acres enrolled in CRP with an annual payment of $457.00 through 9-30-21
The balance of the tillable acres consists of approx. 53.7 acres sell free and clear for the ’18 crop year.
Check out this large, beautiful, combination tillable/recreational tract of Central Illinois land!
Zoned agricultural
Access is along the entire east side
 
METHOD & TERMS
Tracts 1, 2, 5, 7, 8, 9 & 10 will sell on a price per acre basis, based on the advertised acres. Tracts 3, 4 & 6 will sell for a “lump sum” total dollar amount. Tracts will sell in numerical order as listed and will NOT be offered in their entirety at the conclusion of the auction.
Immediately following the auction, the successful buyer(s) will be required to enter into a written offer to purchase and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing. The closing will be in approx. 30 days, on or before December 21, 2017. Title insurance in the full amount of the purchase price will be provided by the seller. The 2017 real estate taxes, due and payable in 2018, will be paid by the seller. The 2018 real estate taxes & subsequent years will be paid by the buyers. Some of the tracts sell subject to tenants rights for the 2018 crop year and other tracts sell free and clear. (Information pertaining to these tracts contained herein this brochure.)
Bidding is not contingent upon financing; all buyers must do their due diligence. This is a court ordered sale and sells subject to the court’s approval.
Prospective buyers may view the tracts at their convenience; although, please be respectful to the current tenants and their farming rights.
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, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
 
 
PLEASE NOTE: At the conclusion of the Elder Land Auction, we will have a separate auction of all oil, gas, or other fugacious minerals in and under the following described real estate: 315.4 acres that lie in Section 31, T14N•R5E, South Part Sullivan Twp. and Sections 35 & 36, T14N•R4E, Marrowbone Twp., all in Moultrie County IL.
ATTENTION: None of the above described 315.4 acres involved in the oil & gas auction is part of the 863.73 acres which we are selling.

For additional information, contact the auction manager: Kevin Haas (309) 264-7767

Robert V. Elder
Attorney:
Sam Postlewait
Hughes, Tenney & Postlewait, LLC
240 S Main St, Suite 200
Decatur IL 62523
217-428-5383
 
Oliver D. Elder
Attorney:
Brent Holmes
Heller, Holmes, & Associates, P.C.
1101 Broadway Ave
Mattoon IL 61938
217-235-2700
 
Closing Agent & Escrow Agent:
Central Illinois Title Company
145 S Water Street
Decatur IL





Auctioneer License Information: 444000107

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