WOODFORD COUNTY, IL LAND AUCTION - STEFFEN

Tract 1 – 60.41 surveyed acres

• FSA figures should indicate approximately 59.5 NHEL cropland acres (estimated)
• Productivity Index (PI): 141.3 (Class A)
• Soil types include Flanagan, Elpaso, Chenoa, and Graymont
• Access along the south side from CR 1200N

Tract 2 – 78.04 surveyed acres

• FSA figures should indicate approximately 76.2 NHEL cropland acres (estimated)
• Productivity Index (PI): 137.9 (Class A)
• Soil types include Chenoa, Elpaso, and Flanagan
• Access along the east side from CR 2900E

The Steffen farm will be sold on a price per acre basis, based on surveyed acres. Both 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, January 19, 2024.

The seller will provide title insurance in the full amount of the purchase price. At closing, Seller will provide the successful buyer of Tract 1 a credit of $4,023.60 for the estimated 2023 real estate taxes for Tract 1. At closing, Seller will provide the successful buyer of Tract 2 a credit of $5,074.90 for the estimated 2023 real estate taxes for Tract 2. The successful buyer of each Tract will then be responsible to pay the real estate taxes for 2023 payable in 2024 and all years thereafter. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing lease for the 2023 crop year.

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”.

Both tracts combined

• PIN 12-28-400-006 - 40.0A - $2558.08
  • Includes $120.32 drainage tax
• PIN 12-28-400-009 - 57.25A - $3147.94
  • Includes $172.20 drainage tax
• PIN 12-28-200-003 - 40.0A - $2565.32
  • Includes $120.32 drainage tax