HENDERSON COUNTY, IL LAND AUCTION - CLAGUE

Wednesday, November 20, 2024 - 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

LOCATION

Henderson County, Illinois

Tracts 1, 2 & 3 are located 7 1/2 miles west of Monmouth, IL on the north side of Hwy 164. Tract 4 is located 10 miles west of Monmouth, IL on the south side of Hwy 164. The land is further described as being located in Sections 24, 25 & 27, T11N-R4W, Rozetta Township, Henderson County, Illinois.

SELLER

James F. Clague

Jennifer L. Clague

MANAGED BY

Jim Sullivan (217) 440-8172

GENERAL INFORMATION

258.22 acres 4 tracts

Land is ideally located on Illinois State Route 164 and represents highly productive CLASS A farm land!

TRACT INFORMATION

Tract 1 - 78.7 acres

FSA records should indicate 75.6 acres of cropland

Productivity Index (PI): 145.4

Soil types include Muscatine, Sable & Osco

Improvements include a country home, (3) 12,000 bu grain bins, (1) 5,000 bu grain bin, (1) 40 x 72 machine shed and (1) 28 x 42 open front shed

Access on the south by State Hwy 164 and on the east by 2100 E

Tract 2 - 78.64 acres

FSA records should indicate 78.5 acres of cropland

Productivity Index (PI): 141

Soil types include Muscatune, Osco & Sable

Access on the east by 2100 E

Tract 3 - 80.6 acres

FSA records should indicate 80 acres of cropland

Productivity Index (PI): 135.9

Soil types include Osco, Muscatune, Fayette & Sawmill

Access on the east by 2100 E

Tract 4 - 20.28 acres

FSA records should indicate 18.22 acres of cropland

Productivity Index (PI): 115

Soil types include Rozetta

Access on the north by State Hwy 164

METHOD & TERMS

All 4 tracts will be sold on a price per acre basis, and offered through the marketing method of Buyers 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 Buyers 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, December 20, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Possession will be given at the time of closing subject to a farmlease for the 2024 crop year. Land sells 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.

James F. Clague

Jennifer L. Clague

Representing Attorney:

Marcum A. Spears | Spears and Spears

201 W. Broadway, PO Box 377, Monmouth, IL 61462 | (309) 734-5105

Auction Manager:

Jim Sullivan (217) 440-8172