MCDONOUGH COUNTY, IL LAND AUCTION – GREUEL HOLDINGS, LLC
Thursday, March 30, 2023 - 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
McDonough County, Illinois
Greuel Holdings, LLC
Colette Kennedy (309) 360-1226
Michael Sullivan (309) 333-0916
The Greuel property is located a short distance south of the Western Grain Marketing grain terminal which is located 6 miles east of Macomb, IL. It is further described as being located in Section 3, T5N – R1W, New Salem Township, McDonough County, IL. The farm offers tremendous return on investment with several different streams of revenue including Class A farmland, 12-unit storage building, rental home & a large billboard! Make plans to check out this property which offers a little bit of everything!
INTERNET BIDDING CATALOGS
Tuesday, March 14, 2023 from 4:00pm – 5:30pm
Tract 1 – 18.81 Surveyed Acres
- FSA map indicates 17.38 NHEL cropland acres
- Productivity Index (PI): 138.6
- Soil types: Osco, Sable and Ipava
- Access along the west by Highway 136
- Large billboard on the southwest corner, along Highway 136
Tract 2 – 1.18 Surveyed Acres
- 2-story home
- Open house:
- Tuesday, March 14, 2023 from 4:00pm – 5:30pm
- House Address:
- 21090 US Hwy. 136, Adair, IL 61411
- 3 Bedrooms
- Main floor bedroom has a closet.
- 1 Bathroom
- Natural gas and electric through Ameren
- New Salem Rural Water
- Open house:
- 12 Unit Storage Building
- 10ft x 24ft units
- Built in 2013
- Large storage shed
REAL ESTATE TAX INFORMATION
PIN 14-000-020-05 - 20 acres - $3,479.62
METHOD & TERMS
Tract 1 will be sold first on a price per acre basis, based on surveyed acres. Tract 2 will then be sold for a “lump sum”, total dollar amount.
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 take place on or before Monday, April 28, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Buyer will be responsible for the 2023 and all subsequent RE taxes. Possession will be given at the time of closing, subject to all current leases including the 2023 crop tenancy, billboard, house, and storage units. (Contact auction company for details)
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”.