BUREAU COUNTY, IL LAND AUCTION – BLACK & MADSEN

Tract 1 – 196.01 surveyed acres

• FSA figures indicate 192.15 NHEL cropland acres
• Productivity Index (PI): 142 (Class A)
• Soil types include Drummer, Plano, Elburn, Thorp, and Harpster
• Includes a small triangle field located on the south side of the Hennepin Canal
• Access along the south side from CR 1750N and along the west side from CR 250E

Tract 2 – 18.78 surveyed acres

• FSA figures indicate 18.6 NHEL cropland acres
• Productivity Index (PI): 137.3 (Class A)
• Soil types include Harpster, Drummer, and Elburn
• Access is by way of an easement from CR 1750N/250E
• As described on the survey plat, the current lane used to access Tract 2 is not an easement for the benefit of Tract 2.

The Black & Madsen Trusts farm will be sold on a price per acre basis, based on surveyed acres. Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all 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 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 take place on or before Monday, December 4, 2023.

The seller will provide title insurance in the full amount of the purchase price. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing lease for the 2023 crop year.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website 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 made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

Tract 1

• PIN 13-04-200-001 - 40A - $2627.28
• PIN 13-04-200-004 - 80.84A - $5100.14
• PIN 13-03-100-006 - 72.25A - $4386.46

Tract 2

• PIN 13-04-300-003 - 19A - $990.44