Marshall County, IL Land Auction - Schumacher

Tract Information

FSA map indicates 106.88 NHEL cropland acres
Productivity Index (PI): 141.4 (Class A)
Soil types include Harco and Sable
Improvements include:
- (2) grain bins totaling 14,600 bu. capacity both with aeriation floors and fans
- Sukup bin has a power sweep
- Single phase electricity
Access along the south side from CR 500N

Method & Terms

The Virginia Schumacher farm will be sold on a price per acre basis, based on 107.668 surveyed 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, February 23, 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. Buyer will be responsible for 2023 and all subsequent taxes. Possession will be given at the time of closing, subject to any remaining crop tenancy for the 2022 crop year only. The property sells free and clear of tenancy for 2023 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, LLC pertaining to this property. Real estate is being sold “AS IS”.