BUREAU COUNTY, IL LAND AUCTION - NIELSEN

Tract 1 - 53.34 taxable acres

• FSA figures indicate 53.17 acres of NHEL cropland currently in row crop production
  • Additional 1.12 acres of cropland are enrolled in a CP8A CRP contract. This contract pays an annual payment of $406.00. The contract expires 9-30-2026.
• Productivity Index (PI): 137.7 (Class A)
• Soil types include Osco, Sawmill, Muscatune
• Access is off of 800 N. Ave and 700 E St.
• A 30 ft wide ingress/egress easement will be provided for access to this property. Contact auction manager for details.

Tract 2 - 80 taxable acres

• FSA figures indicate 74.83 acres of cropland currently in row crop production
• Productivity Index (PI): 124
• Soil types include Elkhart, Osco, Sawmill
• Multiple outbuildings, including two 54 x 63 buildings great for machinery storage
• Access is along 650 E. St.

The Marilyn J. Nielsen real estate 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 1 or Tract 2 for their high bid. If the high bidder does not elect both tracts, the remaining tract will be sold. 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, December 20th , 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 in 2024 before closing. The seller is keeping all the 2024 cash rent income and will pay all of the 2024 real estate taxes due and payable in 2025 through a credit at closing. Possession at closing, subject to an existing lease for the 2024 crop year. Open lease for 2025 crop year 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, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.

Tract 1 - 20-20-300-002 - $2,741.52

Tract 2 - 20-19-300-001 - $2,951.12