KNOX COUNTY, IL LAND AUCTION - STRAND
Thursday, September 12, 2024 - 1:00 PM Central
Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at
LOCATION
Knox County, Illinois
The Strand farm is located in eastern Knox County, IL on the southside of Hwy 17 (on the Knox/Stark County Line) in Section 24, of Lynn Township. From La Fayette, IL go west on Hwy 17 approximately 1/2 mile. (Generally located approximately 12 miles south of Kewanee, IL or approximately 7 miles southeast of Galva, IL)
SELLER
Phyllis M. Strand Estate
MANAGED BY
Jim Sullivan (217) 440-8172
GENERAL INFORMATION
159.49 surveyed acres • 2 tracts
Both tracts offer productive tillable cropland and are ideally located on State Hwy 17!
INTERNET BIDDING CATALOGS
PRE-BIDDING IS NOW OPEN!
AUCTION BROCHURE
TRACT INFORMATION
Tract 1 - 81.01 surveyed acres
- FSA figures should indicate approximately 78 acres of cropland
- Productivity Index: 136.6 (Class A)
- Soil types include Osco, Ipava, Sable, Elco, Assumption
- Access on the east by E Knox Rd
Tract 2 - 78.48 surveyed acres
- FSA figures should indicate approximately 70 acres of cropland
- Productivity Index: 121.8
- Soil types include Osco, Elco, Lawson
- Access on the north by Hwy 17 and on the northwest corner by Golf Course Rd
METHOD & TERMS
Both tracts will be sold on a price per acre basis and offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect either tract for their high bid. If the high bidder does not elect both tracts for their high bid, the remaining tract will be sold. The tracts will NOT be offered in their entirety at the conclusion of the auction. The acreages in this advertisment are estimated. A survey of both tracts is currently being completed. The acreages obtained from the survey will be used to calculate the final sale price.
Immediately following the auction, the successful buyer(s) 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 Tuesday, October 15, 2024 Saturday, October 12, 2024.
The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes. Possession will be given at the time of closing subject to an existing farm lease for the 2024 crop year. Both tracts sell free and clear for 2025 farming rights.
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”.
AERIAL TOUR
PLAT MAP
AERIAL MAP
SOIL MAP
Tract 1
Tract 2
TRACT 1 PHOTOS
TRACT 2 PHOTOS
Phyllis M. Strand Estate
Representing Attorney:
Reynolds M. (“Rip”) Everett & Robert Lindstrom
Barash & Everett, LLC | 110 N. Exchange Street, Galva, Illinois 61434 | (309) 932-2001
Auction Manager:
Jim Sullivan (217) 440-8172