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Auction Information

Marshall County, Illinois Land Auction

Tue Nov 09 - 10:00AM


Online Auction, Chillicothe, 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 09, 2021 - 10:00 AM 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

Marshall County, Illinois

475 Acres± (subject to survey) • 6 Tracts


SELLER

Campbell Family Farm

Jean T. Campbell Estate – William Campbell Executor

Sue Jones

Ruth Rankin

William Campbell

Ann Sienkiel

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

Land is located in Sections 20 & 21, T12N • R8E, La Prairie Township, Marshall County, IL.





LOCATION & GENERAL INFORMATION

The Campbell Family Farm is located approximately 10 miles northwest of Chillicothe, IL or approximately 20 miles north of Peoria, IL. The land is further described as being located in Sections 20 & 21, T12N•R8E, La Prairie Township, Marshall County, IL.

The land contains a total of 475 acres (subject to survey), will be sold in 6 tracts and is nearly all tillable, highly productive farmland. Farmers and investors, be sure to check out this investment quality land auction with 475 contiguous acres.

TRACT INFORMATION

Tract 1 - 80 ACRES (Subject to survey)

  • FSA records should indicate approximately 77 tillable acres
  • Soil Productivity Index: 130.2
  • Soils include Elkhart & Catlin
  • There are approximately 1.0 acres CRP with an annual payment of $286.59/acre. Contract expires 9/30/2031
  • The balance of this tract is in grass waterway
  • Road access along the north side from Co Rd 650 North and along the west side from Co Rd 150 East

 

Tract 2 - 80 ACRES (Subject to survey)

  • FSA records should indicate approximately 77 tillable acres
  • Soil Productivity Index: 128.6
  • Soils include Saybrook, Catlin & Elkhart
  • There are approximately 3.8 acres CRP total. 0.5 acres at $240/acre, expires 9/30/2028 2.3 acres at $218/acre, expires 9/30/2030 1.0 acres at $286.59/acre, expires 9/30/2031
  • The balance of this tract is in grass waterway
  • Road access along the west side from Co Rd 150 East

 

Tract 3 - 80 ACRES (Subject to survey)

  • FSA records should indicate approximately 77 tillable acres
  • Soil Productivity Index: 129.4
  • Soils include Osco, Saybrook, Elkhart & Catlin
  • There are approximately 1.2 acres CRP total. 0.5 acres at $240/acre, expires 9/30/2028 0.7 acres at $218/acre, expires 9/30/2030
  • The balance of this tract is in grass waterway
  • Road access along the west side from Co Rd 150 East

 

Tract 4 - 75 ACRES (Subject to survey)

  • FSA records should indicate approximately 72 tillable acres
  • Soil Productivity Index: 138.8
  • Soils include Osco & Ipava
  • The balance of this tract is in grass waterway
  • No CRP acres
  • The corn crib is leased to the homeowner via a 99 year lease with no annual payment to the landowner
  • 2 grain bins with approximately 30,000 bu total storage. Both have fans and aeration floors. One has a stir-rator. One has a sweep auger. No dryers.
  • Access to the bins is by way of an easement through the house and building site.
  • Road access along the west side from Co Rd 150 East and along the south side from Co Rd 550 North

 

Tract 5 - 80 ACRES (Subject to survey)

  • FSA records should indicate approximately 77 tillable acres
  • Soil Productivity Index: 127.9 • Soils include Elkhart & Ipava
  • The balance of this tract is in grass waterway
  • No CRP acres
  • Road access along the north side from Co Rd 650 North

 

Tract 6 - 80 ACRES (Subject to survey)

  • FSA records should indicate approximately 77 tillable acres
  • Soil Productivity Index: 131.1
  • Soils include Osco, Elkhart & Ipava
  • The balance of this tract is in grass waterway
  • No CRP acres
  • Road access along the south side from Co Rd 550 North

 

NOTE - all tillable and CRP acres are estimated.

METHOD AND TERMS

A survey will be completed prior to the auction on all 6 tracts and each tract will be sold by the acre based on the surveyed acres. All 6 tracts will be offered through the marketing method of “Buyer’s Choice” whereas the high bidder can purchase (in any order) any or all of the tracts for their high bid. “Buyer’s Choice” auctioning will continue until all 6 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(s) 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 be on or before December 10, 2021. Possession will be given at the time of closing subject to the current 2021 farm lease.

The 2021 real estate taxes will be paid by the sellers with the 2022 and all subsequent real estate taxes be the responsibility of the buyer(s). Title insurance in the full amount of the purchase price will be provided by the seller.

Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal or inspection.

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 made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.



Campbell Family Farm

Jean T. Campbell - William Campbell Executor

Sue Jones

Ruth Rankin

William Campbell

Ann Sienkiel

 

Representing Attorney:

Robert J. Coletta

Davis & Campbell

401 Main Street

Suite 1600

Peoria, IL 61602

(309) 673-1681

 

Auction Manager:

Kevin Haas (309) 264-7767

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.