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Auction Information

McLean County, Illinois Land Auction

Wed Nov 10 - 01:00PM


Online Auction, Lexington, IL Click to Map


Sullivan Auctioneers, LLC

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Auctioneer ID#: 43943

Phone: 844-847-2161

License: 444000107

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Wednesday, November 10, 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

McLean County, Illinois

McLean County, Illinois

236.51± acres (subject to survey) • 3 Tracts

The Gleeson Trust land is located approximately 8 miles east of Lexington, IL, or 11 miles southwest of Fairbury, IL, or 20 miles northeast of Bloomington, IL. The property is further described as being located in Sections 3 & 4, T25N•R5E, Lawndale Township, McLean County, IL.


SELLER

Gleeson Trust

David Gleeson

Jim Gleeson

Susan Kinsella

John Gleeson

Co-Trustees

MANAGED BY

Kevin Haas

(309) 264-7767

GENERAL INFORMATION

The land contains a total of 236.51 acres (subject to survey) and will be sold in 3 tracts. All 3 tracts represent nearly all tillable, productive farmland. Farmers and investors, be sure to check out these productive, nearly all tillable tracts of farmland.


TRACT INFORMATION

Tract 1 - 76.51 Taxable Acres

  • FSA maps indicate 75.2 cropland acres
  • .60 CRP acres (waterway) with annual payment of $180 which expires in 2031
  • Soil Productivity Index (PI): 125.1
  • Soil types include Chenoa, Graymont, Varna and Ashkum
  • County Road 2550N runs along the south side

 

Tract 2 - 80 Acres± (subject to survey)

  • FSA maps should indicate 77 cropland acres (split field)
  • Estimated 1.8 acres in CRP (waterway) with annual payment of $540 which expires in 2031
  • Soil Productivity Index (PI): 119.3
  • Soil types include Varna, Chenoa, and Ashkum
  • County Road 2550N runs along the north side and County Road 3300E along the east side

 

Tract 3 - 80 Acres± (subject to survey)

  • FSA maps should indicate 74 cropland acres (split field)
  • Estimated 4.0 acres in CRP (waterway) with annual payment of $1,200 which expires in 2031
  • Soil Productivity Index (PI): 119
  • Soil types include Varna, Chenoa, and Ashkum
  • County Road 3300E runs along the east side

METHOD & TERMS

Tract 1 will be sold by the acre based on the taxable acres. Tracts 2 & 3 will be surveyed prior to the auction and sold by the acre based on the surveyed acres. All 3 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 3 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. All tracts sell free and clear of tenancy for the 2022 crop year.

The 2021 real estate taxes, due and payable in 2022, will be paid by the sellers. The 2022 real estate taxes and all subsequent years will 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”.


Gleeson Trust

David Gleeson

Jim Gleeson

Susan Kinsella

John Gleeson

Co-Trustees

 

Representing Attorney:

Allen L. DeVary

Wood, DeVary & Armstrong, P.C.

207 W. Jefferson St., Suite 400

Bloomington, IL 61701

(309) 827-0044

 

Auction Manager:

Kevin Haas (309) 264-7767


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