MCLEAN COUNTY, IL LAND AUCTION - GILMORE

Tract 1 – 80.0 taxable acres

• FSA records indicate 77.9 NHEL cropland acres
• Productivity Index (PI): 140 (Class A)
• Soil types include Drummer and Elpaso, Catlin, Flanagan, Hartsburg, and Lisbon
• Access along the north side from US Rt 24 and along the east side from 1750E Rd

Tract 2 – 44.58 surveyed acres

• FSA records indicate approximately 43 NHEL cropland acres (split field)
• Productivity Index (PI): 133
• Soil types include Ashkum, Brenton, Chenoa, and Drummer and Elpaso
• North half lies in Gridley village limits
• Area along Rt 24 lies in the Village of Gridley TIF district
• Unlimited development potential
• Access along the north side from US Rt 24 and along the west side from 1980E Rd

Both tracts will be sold on a price per acre basis, based on taxable acres (Tract 1) and surveyed acres (Tract 2). Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect either tract for their high bid. If the high bidder does not elect both tracts for their high bid, the remaining tract will be sold. 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 December 6, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Seller will keep all the 2024 crop income. Open lease for 2025 crop year and beyond. Possession at closing.

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, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.

Tract 1

• PIN 01-12-100-001 - 80.0A - $4243.76
  • Includes $240.62 drainage tax

Tract 2

• PIN 02-09-100-019 - 14.48A - $513.68
  • Includes $7.68 drainage tax
• PIN 02-09-100-020 - 23.78A - $1116.08
  • Includes $12.62 drainage tax
• PIN 02-09-100-002 - 40.0A - $1717.50
  • Includes $21.12 drainage tax

Note: This Tract 2 tax information covers acres that are not included in this auction. We estimate that auction tract 2 covers approximately 57% of the acres represented in these tax bills.

Tract 1

• PH - 6.25
• P - 78 #/A
• K - 397 #/A

Tract 2

• PH - 6.4
• P - 101 #/A
• K - 448 #/A