WOODFORD COUNTY, IL LAND AUCTION - KRUG

Thursday, December 14, 2023 - 1:00 PM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at

(844) 847-2161

How to participate in a Virtual Online Auction

LOCATION

Woodford County, Illinois

The Krug farm is located 6 miles north/northeast of El Paso, IL or 22 miles north of Bloomington, IL. The farm is further described as being located in Section 9, T27N-R2E, Panola Township, Woodford County, Illinois.

SELLER

Clifford & Barbara Krug Farm

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

76.99 taxable acres± • 1 tract

Farmers & investors, take advantage of this opportunity to purchase this well-located Woodford county farm with quality soils.

The Krug farm is enrolled in the Panther Grove Wind Farm project. This project is currently in the Development Stage with an annual payment of $20 per acre. Current plans are for this project to move to the construction stage in 2024 which could result in substantial wind lease payments in the future. Contact auction manager for details.

AUCTION BROCHURE

VIEW INTERACTIVE AUCTION BROCHURE

INTERNET BIDDING CATALOGS

CLICK HERE FOR INTERNET BIDDING AND IMPORTANT DOCUMENTS

SOLD!

TRACT 1 - $17,250.00 PER ACRE

TOTAL - $1,328,077.50

TRACT INFORMATION

76.99 taxable acres
FSA records should indicate 76 NHEL cropland acres (split field)
Productivity Index (PI): 127.8
Soil types include Streator, Swygert, Rutland, and Peotone
Access along the north side from 1600N Rd and along the east side from 2900E Rd

CLICK HERE FOR THE MEMORANDUM OF WIND LEASE AGREEMENT

Note: This Memorandum of Wind Lease Agreement includes acres that are not a part of this auction.

CLICK HERE FOR FSA INFORMATION

Note: This FSA information contains information for acres that are not included in this auction.

CLICK HERE FOR TILE MAP DRAWINGS

METHOD & TERMS

The Krug farm will be sold on a price per acre basis, based on 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 Friday, January 12, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Buyer will pay all 2024 real estate taxes. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing lease for the 2023 crop year only.

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”.