Bloomington, IL 61701 - McLean County

MCLEAN COUNTY, IL LAND AUCTION - FRANK

Wednesday, December 18, 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 (844) 847-2161

LOCATION

McLean County, Illinois

The Frank real estate is conveniently located just a mile east of Bloomington, IL along Rt 9. It is further described as being located in Section 33, T24N-R3E, Towanda Township, McLean County, Illinois.

SELLER

Charles R. Frank Trust

State Bank of Graymont, Trustee

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

64.34 surveyed acres 2 tracts

Farmers & investors, don't miss this opportunity to purchase 2 small, well-located farms with Class A soils that lie just east of Bloomington, IL!

TRACT INFORMATION

Tract 1 35.18 surveyed acres

FSA records indicate 33.99 NHEL cropland acres

Productivity Index (PI): 135.7

Soil types include Sable, Catlin, Ipava, Saybrook and Elkhart

Class A soils!

Access along the south side from IL Rt 9

Tract 2 29.16 surveyed acres

FSA records indicate 29.27 NHEL cropland acres

Productivity Index (PI): 137.1

Soil types include Catlin, Ipava and Sable

Class A soils!

Access along the south side from IL Rt 9

REAL ESTATE TAX INFORMATION

PIN 15-33-300-006 - 62.3A - $3182.72 (both tracts combined)

METHOD & TERMS

The Frank farm will be sold on a price per acre basis, based on surveyed acres. Both tracts will be 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 will be offered. 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, 2025.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2024 taxes due and payable in 2025 through a credit a closing. Buyer will pay 2025 taxes and all subsequent year taxes. Open lease for 2025 crop year. 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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Charles R. Frank Trust

State Bank of Graymont, Trustee

Representing Attorney:

Tom Jennings | Livingston, Barger, Brandt, & Schroeder, LLP

115 W. Jefferson St., Suite 400 Bloomington, IL 61701 | (309) 828-5281

Auction Manager:

Kevin Haas (309) 264-7767