LaSalle County, IL Land Auction – Gunderson
Wednesday, January 25, 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
TRACT 1 – $8,050 PER ACRE
TRACT 2 – $7,600 PER ACRE
TOTAL – $1,778,211.50
LaSalle County, Illinois
The Gunderson farm is located approximately 12 miles northeast of Ottawa, Illinois or 23 miles northwest of Morris, Illinois and is further described as being located in Section 5, T34N-R5E, Miller Township, LaSalle County, Illinois.
Kevin Haas (309) 264-7767
229.76 Surveyed Acres • 2 Tracts
The property contains a total of 229.76 surveyed acres, will be sold in 2 tracts and represents a combination of productive tillable cropland, timber, and grassland providing excellent outdoor recreational opportunities.
TRACT 1 - 71.19 Surveyed Acres
- FSA map indicates 68.83 HEL cropland acres
- Productivity Index (PI): 111.4
- Soil types include Swygert, Bryce, Nappanee, Elliott and Varna
- Access along the northwest side from St Rt 71
TRACT 2 - 158.57 Surveyed Acres
- FSA map indicates 140.83 total cropland acres with includes the following:
- 46.28 NHEL cropland acres
- 90.95 HEL cropland acres
- 3.6 CRP acres with an annual payment of $904 expiring 9/30/2023
- Productivity Index (PI): 104.8
- Soil types include Frankfort, Bryce, Kernan, Swygert, Rutland, Rantoul, Nappanee and Chatsworth
- The balance of this tract is pasture and mature timber
- Access Along the southeast side from St Rt 71 and along the west side from E 25th Rd
Method & Terms
The Gunderson farm will be sold on a price per acre basis, based on a soon to be completed survey. Both tracts will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) either or both tracts for their high bid. If both tracts are not elected on the first round of auctioning, the remaining tract will be offered. The tracts will not be offered in their entirety at the end 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 March 3, 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 time of closing and sells free and clear of a farm lease for the 2023 crop year and beyond.
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”.
REAL ESTATE TAX INFORMATION
Note: This FSA information includes acres that are not involved in the auction.
John L. Cantlin | The Cantlin Law Firm
760 E Etna Rd., Ottawa IL 61530 | (815) 433-4712
Kevin Haas (309) 264-7767