Bureau County, IL Land Auction - Johnston

Tract Information

80 taxable acres
FSA map indicates 80.19 NHEL cropland acres which includes the following:
2.9 CRP acres with an annual payment of $1,055 expiring 9-30-2026
1.0 CRP acre with an annual payment of $300 expiring 9-30-2027
Productivity Index (PI): 143.5 (Class A)
Soil types include Muscatune, Sable, Plano, Sawmill, Buckhart, Elburn and Parkway
Improved with 3 grain bins totaling 62,000 bu. capacity
All with floor aeration and 8” loadout
West bin has fan only
Middle bin has 2 fans with dryers, Calc-U-Dri drying & automatic transfer system, stirrator and auto sweep
East bin has fan with dryer and stirrator
3 phase electrical service
Access along the south side from 800N Ave
The 2 LP tanks are owned by the LP supplier and are NOT included in the auction

Method & Terms

The real estate will be sold on a price per acre basis, based on 80 taxable acres.

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 December 28, 2022 January 13, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 taxes, due and payable in 2023. Buyer will be responsible for all subsequent real estate taxes. Possession will be given at closing subject to the current tenancy for the 2022 crop year only. Open tenancy for 2023 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”.