Colfax, IL 61728 - McLean County

LOCATION

McLean County, Illinois

The real estate is located 4 miles west of Colfax, IL or 18 miles northeast of Bloomington, IL. The land is further described as being located in Section 31, T35-R5E, Lawndale Township, McLean County, Illinois.

SELLER

Marathon Farms Inc

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

108.21 surveyed acres 2 tracts

Something for everyone! Tract 1 includes productive, tillable farmland, CRP income, 4-acre lake with several excellent building sites. Tract 2 contains mature timber, Mackinaw River frontage, and CRP income. Excellent deer & turkey hunting and other recreational opportunities.

TRACT INFORMATION

Tract 1 64.31 surveyed acres

FSA records should indicate 51.7 NHEL cropland acres

Includes 3.1 CRP acres, $930.00 annual payment, expires 9/30/2027

Productivity Index (PI): 117.4

Soil types include Fincastle, Mayville, Drummer and Elpaso, Camden, and Miami

Improved with a 4-acre lake

Many excellent building sites

Opportunity for waterfowl and field edge deer & turkey hunting

Access along the east side from 3075E Rd

Tract 2 43.90 surveyed acres

Includes 7.0 CRP acres, $2,603.00 annual payment, expires 9/30/2026

Includes 7.3 acres planted to walnut & oak trees for future harvest

Approximately half mile of Mackinaw River frontage

Excellent wildlife habitat with outdoor recreational opportunities

Large population of whitetail deer and turkeys

Well maintained trails throughout this tract

Access along the east side by way of a 25 wide deeded strip to 3075E Rd

METHOD & TERMS

The Marathon Farms property 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 either tract for their high bid. If the high bidder does not elect both tracts, then the remaining tract 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, September 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 before closing. Seller will pay all the 2025 real estate taxes due in 2026 through a credit at closing based on the best available information. Seller is retaining all 2025 crop income and upcoming CRP payment for the period ending 9/30/25. Open lease for 2026 crop year. No hunting leases. Possession at closing subject to an existing lease for the 2025 crop year only.

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 pertaining to this property. Real estate is being sold AS IS.

WIND LEASE INFORMATION

We recently discovered that both tracts are enrolled in a wind energy project with Cardinal Wind HoldCo LLC. This project is in the development stage and currently there is a small annual payment being made to the landowner. Contact auction manager for further details.

REAL ESTATE TAX INFORMATION

PIN 10-31-300-008 - 107.06A - $1984.08

YIELD HISTORY

Year - Corn Beans

2022 - 193 62

2023 - 171 54

2024 - 171 70

SOIL TEST RESULTS

NW field

PH - 6.1

P - 51#/A

K - 225#/A

SE field

PH - 6.2

P - 54#/A

K - 199#/A

Representing Attorney:

Amanda L. Willette | Willette Law Firm

2306 Stern Drive, Bloomington, IL 61704 | (309) 585-0714

Auction Manager:

Kevin Haas (309) 264-7767