HANCOCK & HENDERSON COUNTY, IL LAND AUCTION - MYERS
Monday, November 18, 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
Hancock & Henderson County, Illinois
The Myers land is located north of LaHarpe, IL in Sections 6 & 8 of LaHarpe Township, Section 12 of Durham Township, Hancock County and Sections 23 & 29 of Terre Haute Township and Section 31 of Raritan Township, Henderson County, Illinois. Land is generally located 25 miles northwest of Macomb, Illinois or 25 miles southeast of Burlington, Iowa. Be watching for tract and directional signage off IL State Hwy 94.
SELLER
Land known locally as the Myers Farm
Scott L. Myers
Kathy F. Myers Life Estate
MANAGED BY
Jim Sullivan (217) 440-8172
GENERAL INFORMATION
732.87 surveyed acres • 12 tracts
Land represents productive "Class A" farmland along with grain storage and machine sheds (Tract 12).
AUCTION BROCHURE
INTERNET BIDDING CATALOGS
SOLD!
TRACT 1 - $13,400.00 PER ACRE
TRACT 2 - $17,900.00 PER ACRE
TRACT 3 - $17,900.00 PER ACRE
TRACT 4 - $17,900.00 PER ACRE
TRACT 5 - $17,900.00 PER ACRE
TRACT 6 - $17,200.00 PER ACRE
TRACT 7 - $7,300.00 PER ACRE
TRACT 8 - $17,900.00 PER ACRE
TRACT 9 - $15,700.00 PER ACRE
TRACT 10 - $17,200.00 PER ACRE
TRACT 11 - $16,200.00 PER ACRE
TRACT 12 - $255,000.00 LUMP SUM
TOTAL - $12,138,203.00
TRACT INFORMATION
Tract 1 – 55.61 surveyed acres
- FSA figures should indicate 55.28 cropland acres
- Productivity Index (PI): 125.4
- Soil types include Muscatune, Greenbush, Elco-Ursa, Rozetta, Assumption and Atterberry
- Access on the east by State Highway 94
Tract 2 – 58.37 surveyed acres
- FSA figures should indicate 58.89 cropland acres or which 2.0 acres are currently enrolled in CRP @ $300.00/ac through 9-30-2032
- Productivity Index (PI): 144.1 (CLASS A)
- Soil types include Muscatune and Sable
- Access on the east by State Highway 94 and on the north by Co Hwy 14 (ECR 2900)
Tract 3 – 88.09 surveyed acres
- FSA figures should indicate 86.43 cropland acres of which 2.08 acres are currently enrolled in CRP @ $300.00/ac through 9-30-2032
- Productivity Index (PI): 142 (CLASS A)
- Soil types include Muscatune, Sable, Assumption, Rozetta, Greenbush and Osco
- Access on the north by Co Hwy 14 (ECR 2900)
Tract 4 – 57.35 surveyed acres
- FSA figures should indicate 57 cropland acres
- Productivity Index (PI): 142.9 (CLASS A)
- Soil types include Muscatune, Sable, Rubio and Atterberry
- Improvements include a grain bin and a storage building
- Access on the south by Co Hwy 14 (ECR 2900)
Tract 5 – 58.80 surveyed acres
- FSA figures should indicate 58 cropland acres
- Productivity Index (PI): 141.3 (CLASS A)
- Soil types include Muscatune, Atterberry, Sable and Rozetta
- Access on the south by Co Hwy 14 (ECR 2900)
Tract 6 – 86.63 surveyed acres
- FSA figures should indicate 85.12 cropland acres
- Productivity Index (PI): 137.8 (CLASS A)
- Soil types include Muscatune, Atterberry, Rozetta and Sable
- Access on the north by Co Hwy 14 (ECR 2900) and on the east by NCR 2500
Tract 7 – 41.24 surveyed acres
- FSA figures should indicate 33.45 cropland acres
- Productivity Index (PI): 112.1
- Soil types include Rozetta, Fayette, Osco, Stronghurst and Muscatune
- There is a 30’ ingress egress easement along the east 30’ of this tract which provides access to the adjoining landowner to the south
- Access on the north by TWP RD 200 N
Tract 8 – 82.94 surveyed acres
- FSA figures should indicate 82.01 cropland acres
- Productivity Index (PI): 144.5 (CLASS A)
- Soil types include Muscatune, Osco and Rozetta
- Access on the noth by St Route 94 and on the west by CR 1300 E
Tract 9 – 82.94 surveyed acres
- FSA figures should indicate 81.13 cropland acres of which 2.01 acres are currently enrolled in CRP @ $300.00/ac through 9-30-2027
- Productivity Index (PI): 143.8 (CLASS A)
- Soil types include Musatune and Osco
- Access on the north by St Route 94
Tract 10 – 54.11 surveyed acres
- FSA figures should indicate 54 cropland acres
- Productivity Index (PI): 144.7 (CLASS A)
- Soil types include Muscatune, Osco and Rozetta
- Access at the southwest corner by RD 000 N
Tract 11 – 57.33 surveyed acres
- FSA figures should indicate 56.19 cropland acres of which 1.23 acres are enrolled in CRP @ $361.49/ac through 9-30-2026
- Productivity Index (PI): 143.9 (CLASS A)
- Soil types include Muscatune, Osco and Sable
- Access on the north by RD 50N and on the east by RD 1600 E
Tract 12 – 9.46 surveyed acres
- Ideally located tract on St Hwy 94 with electricity, natural gas and public water!
- Improvements include 5 grain bins (1) 30,000 bushel GSI; (1) 10,000 bushel+ Conrad; (3) 10,000 bushel bins (70,000 bushel total storage) 48’ x 60’ open front metal livestock building; 44’ x 86’ metal machine shed with 2 sliding doors (16’ & 14’); 40’ x 40’ wood barn; 20’ x 36’ wood barn; 24’ x 32’ garage with (2) 9’ x 7’ overhead doors; 16’ x 24’ garage with a 8’ x 7’ overhead door; Historic “Prairie View” wood frame barn
METHOD & TERMS
Tracts 1 – 11 will be sold on a price per acre basis, and offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. Any remaining tracts will continue to be offered “Buyer’s Choice” until all tracts have been elected. Tract 12 will be sold last for the total dollar amount or “lump sum”. 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 Wednesday, December 18, 2024.
The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Provided the final closing has occurred possession will be granted the earlier of February 28th, 2025 or upon the removal of the 2024 growing crops. Possession on the grain bins and farm buildings will be on or before June 1, 2025.
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”.
REAL ESTATE TAX INFORMATION
Tract 1
- 06-08-000-048 (part) & 06-08-000-054 (part)
- 55.61 acres - $2,200.19 estimated
Tract 2
- 06-08-000-048 (part)
- 58.37 acres - $3,977.50 estimated
Tract 3
- 06-08-000-048 (part)
- 88.09 acres - $5,964.51 estimated
Tracts 4 & 5
- 06-06-000-034
- 112 acres - $7,034.10
Tract 6
- 05-12-000-112
- 26.66 acres - $1,867.68
- 05-12-276-002
- 58.41 acres - $3,355.94
Tract 7
- 13-29-100-002
- 41.48 acres - $960.34
Tract 8 & 9
- 13-23-100-001
- 160 acres - $10,871.84
Tracts 10 & 11
- 14-31-400-003
- 114 acres - $6,124.82
Tract 12
- 06-08-000-048 (part) & 06-08-000-054 (part)
- 9.46 acres - $2,579.16 estimated
Land known locally as the Myers Farm
Scott L. Myers
Kathy F. Myers Life Estate
Representing Attorney:
John McMillan | McMillan, Hennenfent & DeJoode, PC
402 E Jackson St, Macomb, IL 61455 | (309) 837-2904
Auction Manager:
Jim Sullivan (217) 440-8172