FULTON COUNTY, IL LAND AUCTION - ORWIG

Fulton County, Illinois

The Orwig farm is located a short distance south of Smithfield, IL & is further described as being located in Section 33, T6N - R2E, Cass Township, Fulton County, IL.

40.92 taxable acres± • 1 tract

The farm represents a combination of CRP cropland, timber, recreational opportunities & potential building sites.

• FSA figures indicate 26.20 acres of NHEL cropland.
• 19.50 acres are currently enrolled in a CP38E-1 CRP program which pays $220.45 per acre for a total annual payment of $4,299.00. This contract expires on 9/30/2025.
• The remaining 6.7 acres of cropland have recently come out of CRP and can go back into production
• The balance of the farm represents timber & draws which offer hunting/recreational opportunities
• Productivity Index (PI): 117.4 - on the cropland acres
• Soil types include Rozetta, Keomah, Clarksdale & Sable
• Access is along the north by E Brock Chapel Rd & at the southwest corner by Round Barn Rd

The Orwig farm will be sold on a price per acre basis, based on 40.92 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 Thursday, October 17, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay all the 2024 real estate taxes, due and payable in 2025. Buyer will receive possession of the farm at closing. Seller will retain the 2024 government payments. New buyer will receive 100% of the 2025 government payments. There are no hunting leases associated with the property.

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”.