MERCER COUNTY, IL LAND AUCTION - SAS LLLP

Friday, June 9, 2023 - 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

(844) 847-2161

How to participate in a Virtual Online Auction

LOCATION

Mercer County, Illinois

Land is generally located approximately 7 miles east and north of Seaton, Illinois or approximately 8 miles south and east of Aledo, Illinois and further described of being in Sections 11 & 13, T13N•R3W, Ohio Grove Township, Mercer County Illinois.

SELLER

SAS LLLP

MANAGED BY

Dale Jones (309) 299-6400

Dan Sullivan (319) 795-1833

GENERAL INFORMATION

The farm contains 241.02 surveyed acres and will be sold in 3 tracts. All 3 tracts represent “Class A” farm land. The farms have had outstanding care over the years with conservation structures and drainage tile installed where needed (tile maps available online). Farmers and investors alike...this is a tremendous opportunity to acquire this caliber of land which seldom comes up for sale.

Investment quality farmland that rarely comes up for sale!

AUCTION BROCHURE

VIEW INTERACTIVE AUCTION BROCHURE

SOLD!

TRACT 1 - $17,600 PER ACRE

TRACT 2 - $17,100 PER ACRE

TRACT 3 - $15,600 PER ACRE

TOTAL - $4,046,012.00

INTERNET BIDDING CATALOGS

CLICK HERE FOR INTERNET BIDDING AND IMPORTANT DOCUMENTS

TRACT INFORMATION

Tract 1 • 82.60 Surveyed Acres

FSA figures indicate 80.62 acres of NHEL cropland
Productivity Index (PI): 142 (Class A
Soil types include Muscatune, Greenbush, Osco, Rozetta, Velma, and Assumption
Access along the north side by 40th Ave.

Tract 2 • 80.60 Surveyed Acres

FSA figures should indicate approximately 80 acres of NHEL cropland
Productivity Index (PI): 141.2 (Class A)
Soil types include Osco and Muscatune
Access along the north side by 50th Ave. and along the west side by 205th St.

Tract 3 • 77.82 Surveyed Acres

FSA figures should indicate approximately 76.14 acres of NHEL cropland
Productivity Index (PI): 140.8 (Class A)
Soil types include Muscatune, Osco, Greenbush, and Fayette
Access along the west side by 205th St.

METHOD & TERMS

All 3 tracts have been surveyed. Tracts 1 – 3 will sell by the acre, based on the surveyed acres, and will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) any or all 3 tracts for their high bid. “Buyers Choice” auctioning will continue until all 3 tracts have been elected. The tracts will NOT be offered together or in any combination at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before July 10th, 2023.

The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Possession will begin at the time of closing subject to the 2023 crop year only. The new buyer(s) will receive 50% of the 2023 cash rent and therefore will pay 50% of the 2023 real estate taxes, due and payable in 2024. Contact auction managers for details.

Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure 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 pertaining to the property. The real estate and improvements are being sold “As Is”.