MCLEAN COUNTY, IL LAND AUCTION - HEFNER & DENTON FARM

Wednesday, July 17, 2024 - 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

LOCATION


McLean County, Illinois

Tract 1 is located 5 miles southeast of Lexington, IL or 17 miles northeast of Bloomington, IL. Tract 2 is located 7 miles southeast of Lexington, 3 miles northeast of Cooksville, or 15 miles northeast of Bloomington IL. The farms are further described as being located in Sections 23, 25, 26 and 36, T25N-R4E, Lexington Township, and Section 1, T24N-R4E, Blue Mound Township, McLean County, Illinois.

SELLER


Hefner & Denton Farm

Ricky Wayne Hefner Estate

Mabel E. Denton Estate

MANAGED BY


Kevin Haas (309) 264-7767

TRACT 1 OPEN HOUSE DATES


Saturday, July 6, 2024 • 10:00 - 11:00 AM

Monday, July 8, 2024 • 4:00 - 5:00 PM

Physical Address: 21942 N 2925 East Rd, Lexington, IL 61753

GENERAL INFORMATION


200.87 taxable acres± • 2 tracts

Farmers & investors, take advantage of this opportunity to purchase productive McLean County farmland with the opportunity for additional income from the country home located on tract 1.

TRACT INFORMATION


Tract 1 – 120 taxable acres±

  • FSA records indicate 118.9 NHEL cropland acres
  • Productivity Index (PI): 131.6
  • Soil types include Drummer and Elpaso, Lisbon, Saybrook, and Wyanet
  • Includes a 3-bedroom, 1 bathroom country home
    • Unattached 2 car garage
    • 40 x 52 pole building
  • Access along the east side from N 2925 East Rd

Tract 2 – 80.87 taxable acres±

  • FSA figures indicate 78.5 NHEL cropland acres
  • Productivity Index (PI): 126.7
  • Soil types include Drummer and Elpaso, Wyanet, Raub, Saybrook, Lisbon, Mayville, Sabina, Fox, and Radford
  • Includes a small patch of timber with a creek in the southeast corner, providing an opportunity for whitetail deer hunting
  • Access from E 2025 North Rd, which splits this tract

METHOD & TERMS


The tracts will be sold on a price per acre basis, based on taxable acres, and 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 all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until both 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 Friday, August 16, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay the 2023 real estate taxes due in 2024 before closing. The 2024 taxes due in 2025 will be split 50/50 between the seller and the buyer, with the buyer receiving a credit at closing for their half. The buyer will also receive half of the 2024 cash rent (paid in October). No hunting leases. House possession at closing. Farmland possession at closing, subject to an existing lease for the 2024 crop year only. Farmland lease ends with the harvest of the 2024 crops or October 31, 2024, whichever is sooner. Open lease for 2025 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, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.

SOIL TEST RESULTS


Tract 1 October 5, 2023

  • PH - 5.7 - 2 ton/A limestone applied after these soil tests were pulled
  • P - 50#/A
  • K - 285#/A

Tract 2 April 21, 2023

  • PH - 6.6
  • P - 100#/A
  • K - 401#/A

REAL ESTATE TAX INFORMATION


Tract 1

  • PIN 09-23-400-002 - 40.0A - $2122.68
  • PIN 09-26-200-001 - 40.0A - $2126.02
  • PIN 09-25-100-001 - 40.0A - $5227.08

Tract 2

  • PIN 09-36-200-011 - 6.18A - $169.90
  • PIN 09-36-400-016 - 35.25A - $1710.10
  • PIN 16-01-200-004 - 39.44A - $1672.54

PLAT MAP


AERIAL MAP


SOIL MAP


Tract 1

Tract 2

Hefner & Denton Farm

Ricky Wayne Hefner Estate

Mabel E. Denton Estate

Representing Attorney:

Allen L DeVary, Attorney at Law | Wood, DeVary, Armstrong & Houska, P.C.

207 W. Jefferson, Suite 400, Bloomington, IL 61701 | (309) 827-0044

Auction Manager:

Kevin Haas (309) 264-7767