MCLEAN COUNTY, IL LAND AUCTION - HEFNER & DENTON FARM

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
• Note:
  • Regarding the house: The kitchen stove will stay with the house. All of the other appliances are owned by the tenant and are not included in the auction. All furnishings, personal items, and other chattel items are owned by the tenant and are not included in the auction.
  • Regarding the buildings: The Trane heater in the garage is owned by the tenant and it not included in the auction. All of the machinery, tools, and other chattel items are owned by the tenant and are not included in the auction.
  • The 500 gal fuel tank & pump and the gravel pile are owned by the tenant and are not included in the auction.

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

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 February 28, 2025, 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”.

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

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