MARSHALL COUNTY, IL LAND AUCTION - J&B FARMS INC

Marshall County, Illinois

The farm is located 3 miles northwest of Washburn, IL or 22 miles northeast of Peoria, IL. It is further described as being located in Sections 22, 23, 26 & 27, T29N-R2W, Richland Township, Marshall County, Illinois.

Saturday, August 24, 2024 • 10:00 - 11:00 AM

Wednesday, August 28, 2024 • 4:00 - 5:00 PM

Auction personnel will be located at the cabin on Tract 2

Or by appointment, contact Wayne Benson Sr. (309) 256-9293

330.695 surveyed acres • 5 tracts

The J&B Farms Inc property is a truly unique property. A well-located combination of productive tillable farmland, mature timber, and recreational bottom land. It also has excellent whitetail deer and turkey hunting and the potential for immediate and future timber harvesting. Plus, several excellent building sites.

Tract 1 – 85.209 surveyed acres

• FSA records indicate 79.53 NHEL cropland acres
• Productivity Index (PI): 120.7
• Soil types include Rozetta, Keomah, Sable, and Fayette
• The balance of this tract is mature timber which provides the opportunity for field edge deer and turkey hunting
• Excellent yield history
• Access along the west and south side from Wilburn Rd

Tract 2 – 86.245 surveyed acres

• FSA records indicate 33.46 NHEL cropland acres
• Productivity Index (PI): 117.2
• Soil types include Rozetta, Keomah, St. Charles, and Fayette
• The balance of this tract is a primitive cabin and storage building, stocked pond, grassland, and mature timber
• Weekend, summer or deer camp getaway property
• Many acres of mature walnut and oak trees ready for harvest; family named Walnut Grove area
• Excellent deer & turkey hunting and other outdoor recreational opportunities
• Several excellent building sites
• Access along the north side from Wilburn Rd

Tract 3 – 30.963 surveyed acres

• This tract is all mature timber
• Secluded for excellent deer & turkey hunting
• Suitable for timber harvesting
• Family named Hidden Meadow area
• Several excellent building sites
• Access along the southwest side through a shared entrance with Tract 4 from Wilburn Rd

Tract 4 – 63.810 surveyed acres

• FSA records indicate 33.09 NHEL cropland acres
• Includes 30.3 CRP acres, $6,263.00 annual income, expires 9/30/2026
• Productivity Index (PI): 100
• Soil type includes Landes
• Crow Creek makes this tract unique as it loops around three sides
• Excellent bass fishing, deer & turkey hunting
• Access along the southwest side through a shared entrance with Tract 3 from Wilburn Rd

Tract 5 – 64.468 surveyed acres

• FSA records indicate 30.27 NHEL cropland acres
• Productivity Index (PI): 102.6
• Soil types include Landes and Onarga
• The balance of this tract is mature timber which provides for excellent deer & turkey hunting
• Mature walnut & oak trees ready for harvest
• Family planted & maintained walnut tree nursery will be ready for harvest in the future
• Several excellent building sites
• Private railroad crossing
• Access along the east side from Tax School Road

All tracts will be sold on a price per acre basis, based on surveyed acres, and will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any 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 all 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(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 Friday, November 1, 2024.

The seller will provide title insurance in the full amount of the purchase price. Seller will pay the 2023 real estate taxes before closing. Seller is keeping all 2024 crop and CRP income and will pay 2024 real estate taxes due in 2025 through a credit at closing. Possession at closing subject to an existing lease for 2024 crop year only. Open lease for 2025 crop year. No hunting leases.

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”.

• PIN 12-22-300-001 - 80A - $2615.12
  • covers portions of tracts 1 & 2
• PIN 12-27-100-001 - 78A - $1259.80
  • Covers part of tract 2
• PIN 12-22-300-004 - 34A - $458.38
  • covers portions of tracts 1, 3, & 4
• PIN 12-22-400-002 - 65.11A - $593.34
  • covers portions of tracts 3 & 4
• PIN 12-27-202-005 - 8.73A - $89.42
  • covers portions of tracts 3 & 4
• PIN 12-23-300-008 - 46.59A - $613.24
  • covers part of tract 5 and a small number of acres that are not included in this auction
• PIN 12-23-300-005 - 10.5A - $51.06
  • covers part of tract 5 and a small number of acres that are not included in this auction
• PIN 12-26-100-001 - 9.23A - $141.76
  • covers part of tract 5
• PIN 12-26-100-004 - 7.11A - $74.68
  • covers part of tract 5
• PIN 12-22-400-003 - 8A - $98.88
  • covers part of tract 5

Tract 1

• PH - 6.4
• P - 39#/A
• K - 174#/A

Tract 1

• 2021 - 236 bu/a corn
• 2022 - 246 bu/a corn
• 2023 - 240 bu/a corn

Tract 2

• 2021 - 43 bu/a beans
• 2022 - 153 bu/a corn
• 2023 - 43 bu/a beans