Pikesh Online Land Auction - 80 +/- Acres

Kevin and Patricia Pikesh Online Only Land Auction 80 +/- Acres - Class A Farm Ground - Highly Productive Section 18 - Richland Township - Shelby County, IL Auction Soft Closes: Thurs. March 20, 2025 @ 6 PM CST There will be a 3 minute soft close. Soft close definition: If there is a bid made in the last 3 mintutes of the auction, the bidding will be extended 3 minutes. This will continue until no more bids are made. Bidding Increments: Up to $10,000 per acre: $1000 per acre Up to $14,000 per acre: $500 per acre $14,000 and above per acre: $100 per acre Bidding will be done online only at krileauction.hibid.com Bidding is done per acre. Final amount owed will be bidders final per bid per acre times 80. Bidders may leave max bid at any time. The bid does not "jump" to your max bid. It only moves up if there is a higher bid left, up until bidding surpasses your max bid. If your internet signal is weak or poor, it is a good idea to leave your max bid, as the auction will not be paused for bidders lost signal. However, if the HiBid site goes down, or for any reason Krile Auction Service may suspend the auction. Directions to Land: East of Shelbyville, IL on Rt. 16, turn South onto 2450 East and go approx 1/2 mile or West of 16/32 Junction go to 2450 East and turn south, then 1/2 mile south. Tract is on the east side of 2450 East. Legal Description Information: All three tracts (40,20,20) will be combined for the auction and will be sold as a complete 80 Acres. All Parcels Legal Description is in S18 T11 R5E in Shelby County, IL Parcel #: 1614-18-00-400-010: N 1/2 N 1/2 SE 40 Acres: 2023 Taxes: $1,727.62 Parcel #: 1614-18-00-400-010: N 1/2 S 1/2 N 1/2 SE 20: 2023 Taxes: $831.18 Parcel #: 1614-18-00-400-009: S 1/2 S 1/2 N 1/2 SE 20: 2023 Taxes: $899.80 Total Taxes: $3,458.60 Productivity Index: 138.4 481A Raub Silt Loam 39.27 Acres Productivity Index: 134 152A Drummer Silty 34.69 Acres Productivity Index: 144 234A Sunbury Silt 2.91 Acres Productivity Index: 131 330A Peotone Silt 0.31 Acres Productivity Index: 123 Current tenant will retain farming rights for 2025. However, 2025 rental payments from tenant will be paid directly to the new owner. After 2025 harvest, the new owner may do as he or she wishes with farming rights. The current rental payment is $250 per acre. Buyer's Premium: Flat fee of $1000. The Buyer's Premium will be paid directly to Krile Auction (Check or Cash) on Friday, March 21 at 9 AM at Krile Auction Center. 101 North Walnut St., Strasburg, IL ---- RIght on Rt. 32. At this time the buyer will also pay the non refundable 10% down payment with check to Allied Capital Title. Allied will handle all the final closing details. Allied is located at 236 East Main St., Shelbyville, IL. Closing will be ON or BEFORE May 1. Attorney: Dustin Probst - Boehm & Probst Law LLC. Address: 314 North Cedar St., Shelbyville IL Phone: 217-773-1500 ALL LEGAL QUESTIONS SHOULD BE DIRECTED TO THE ATTORNEY. Bidders are to have all financing in place before placing any bids. It is up to the bidder to ensure the bid that they are entering is in fact the bid they wish to place. There will be no retraction of bids allowed. Bidders are responsible for all bids placed under their registration name. Do not give your registration information to others. Seller reserves the right to accept or reject any or all bids. Information is believed to be correct, however, it is up to the bidder to inform themselves of any information and is also up to the bidder to view the land. It is a square, mostly tillable 80 acres. There will be a sign on the property. Buyer will be credited at closing for 2024 taxes paid in 2025. The 2025 Taxes payable in 2026 will be the responsibility of the buyer.

CATALOG TEXT BELOW:
1 - 80 +/- Acres - S18, Richland Twn - Shelby County Kevin & Patricia Pikesh Sellers Section 18 - Richland Township - Shelby County, IL You are bidding by the acre. Final amount will be the final bid times 80. Make sure to read all terms before bidding. You are responsible for every bid entered under your registration. No retraction of bids will be allowed.