LEE COUNTY, IL LAND AUCTION - SHULTZ

Robert H. Shultz Jr Trustee & Merriam Shultz Helmsing will also be selling items in the Wednesday, January 24, 2024 IL & IA Focus Auction.

• 1,000-Gallon LP Tank W/Running Gear
• Farm King 1070 Swing Away Auger

Tract 1 – 150.65 surveyed acres

• FSA records indicate 142.65 NHEL cropland acres
• Productivity Index (PI): 113.3
• Soil types include Hooppole, Orio, Sparta, Dickinson, Binghampton, Dakota, Selma, Clyde, and Morocco
• Improved with a 42’ Sukup stiffened drying bin
• 23,000 bu drying capacity
• power sweep, fan, hi-lo LP heater, stirrator, inside ladder
• built in 2015
• Small patch of timber in the southwest corner serves as whitetail deer habitat
• Access in the northwest corner from Henry Rd

Tract 2 – 97.31 surveyed acres

• FSA records indicate 92.99 NHEL cropland acres
• Productivity Index (PI): 115.3
• Soil types include Hooppole, Dakota, Selma, Dickinson, Sparta, Binghampton, and Clyde
• Access along the east side from Atkinson Rd

Tract 3 – 81.02 taxable acres±

• FSA records indicate 77.63 NHEL cropland acres
• Productivity Index (PI): 113.1
• Soil types include Clyde, Selma, Hooppole, Dickinson, Sparta, Dakota, Orio, and Binghampton
• Access along the west side from Atkinson Rd

The Shultz farm will be sold on a price per acre basis. Tracts 1 & 2 will be sold based on surveyed acres. Tract 3 will be sold based on taxable acres. All tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. 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, February 23, 2024.

The seller will provide title insurance in the full amount of the purchase price. Seller will pay the 2023 taxes, due and payable in 2024, with a credit at closing. Buyer will be responsible for 2024 taxes and beyond. Open lease for 2024 crop year and beyond. Possession at closing.

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”.

Tracts 1 & 2

• PIN 10-13-23-100-002 - 80.5A - $2773.50 -- Includes $194.36 drainage district tax
• PIN 10-13-14-400-003 - 7.23A - $210.36 -- Includes $18.00 drainage district tax
• PIN 10-13-23-200-001 - 160.0A - $4167.78 -- Includes $383.46 drainage district tax

Tract 3

• PIN 10-13-24-100-001 - 81.02A - $2261.26 -- Includes $168.60 drainage district tax

Tract 1

• pH - 7.0
• P - 59 #/A
• K - 330 #/A

Tract 2

• pH - 6.9
• P - 59 #/A
• K - 407 #/A

Tract 3

• pH - 6.9
• P - 54 #/A
• K - 343 #/A