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Auction Information

Rock Island County, Illinois Land Auction

Tue Nov 02 - 01:00PM


Online Auction, Milan, IL Click to Map


Sullivan Auctioneers, LLC

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Auctioneer ID#: 43943

Phone: 844-847-2161

License: 444000107

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Tuesday, November 02, 2021 - 1:00 PM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

Rock Island County, Illinois

The Hoke farm is located in Section 35, Bowling Township, Rock Island County, Illinois. (4 1/2 miles south of Milan, IL on Hwy 67)

SELLER

Emma M. Hoke Trust

Sandhaas – Hoke Trust

MANAGED BY

Dale Jones (309) 299-6400

GENERAL INFORMATION

155 Acres± (Subject to survey) • 2 Tracts

• Great location

• Road frontage on 3 sides

• Excellent opportunities for farmers & investors alike!

Tract 1 – 75 Acres± (subject to survey) of Class A, nearly all tillable farmland

Tract 2 – 80 Acres± (subject to survey) of productive tillable farmland with a small amount of timber and potential building sites


TRACT INFORMATION

Tract 1 • 75 Acres± (Subject to survey)

  • FSA maps should indicate this tract is nearly all NHEL cropland. (See FSA map online)
  • Soil Productivity Index: 139.2 (Class A)
  • Soil types include Muscatune & Osco
  • Road access on the west by US Hwy 67 and on the north by Rock Island Co Rt NN
  • A communications tower is located on Tract 1 (Contact Auction Rep. for details)

 

Tract 2 • 80 Acres± (Subject to survey)

  • FSA maps should indicate approximately 74.6 cropland acres – all NHEL! (See FSA maps online)
  • Soil Productivity Index: 124.7
  • Soil types include Muscatune & Osco
  • Road access on the north by Rock Island Co Rt NN and on the east by 13th St.
  • Small wooded/recreational area in southeast corner with potential building sites

METHOD & TERMS

Both tracts will be sold on a price per acre basis, based on the final surveyed acres and offered through the marketing method of “Buyers Choice,” whereas the high bidder can elect either Tract 1 or Tract 2 (in any order) or both tracts Tract 1 & 2 for their high bid. If the high bidder elects only one of the tracts, the remaining tract will then be sold. The tracts will NOT be offered together at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price as a nonrefundable down payment. The balance of the bid price will be due at closing, on or before Thursday, December 2, 2021. Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal, or inspection. 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. Possession of the farmland will be given at the time of closing, subject to a farm tenancy lease for the 2021 crop year - full possession upon the removal of the 2021 growing crop.

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 pertaining to the property. The real estate is being sold “As Is”.



Emma M. Hoke Trust

Sandhaas - Hoke Trust

 

Representing Attorney:

Dennis Duffy

Duffy Law Office

1840 E. 54th St.

Davenport, IA 52807

Phone: (563) 445-7400

 

Auction Manager:

Dale Jones (309) 299-6400

Auction Listings provided by AuctionZip.com. Although the information published herein is from sources deemed reliable, AuctionZip.com expressly disclaims any liability for errors, omissions or changes regarding any information provided for this auction. Potential buyers are urged to verify auction date, time, and content directly through the auctioneer's website or by contacting the auctioneer directly. The terms and conditions of the auction may or may not be published in this listing. ALL TERMS AND CONDITIONS AND OTHER ANNOUNCEMENTS MADE THE DAY OF THE AUCTION ARE BINDING AND TAKE PRECEDENCE OVER ANY INFORMATION FOUND HEREIN.