Sidney, IL 61877 - Champaign County

CHAMPAIGN COUNTY, IL LAND AUCTION - STONNER

Thursday, July 18, 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

Champaign County, Illinois

The Stonner farm is located 2 miles southwest of Sidney, IL or 10 miles southeast of Champaign, IL. The farm is further described as being located in Section 20, T18N-R10E, Sidney Township, Champaign County, Illinois.

SELLER

The Stonner Farm

MANAGED BY

David Smith (217) 841-0821

Kevin Haas (309) 264-7767

GENERAL INFORMATION

120 taxable acres 1 tract

Farmers & investors dont miss this opportunity to purchase an investment grade farm located in desirable Champaign County, IL.

TRACT INFORMATION

120 taxable acres

FSA records indicate 118.98 NHEL cropland acres

Productivity Index (PI): 143 (Class A)

Soil types include Drummer, Flanagan, and Catlin

Access along the south side from 800N Rd and along the east side from 2000E Rd

Note: This FSA information covers acres that are not included in this auction

REAL ESTATE TAX INFORMATION

PIN 24-28-20-400-001 - 120.0A - $5172.80

YIELD HISTORY

Year - Crop Average Yield

2021 - Corn 226

2022 - Soybeans 76

2023 - Corn 228

METHOD & TERMS

The Stonner farm will be sold on a price per acre basis, based on taxable acres.

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 Monday, August 19, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2023 real estate taxes, due and payable in 2024, prior to closing. Seller is keeping all the 2024 cash rent and will pay all 2024 real estate taxes, due and payable in 2025 through a credit at closing. Possession at closing, subject to an existing cash rent lease for the 2024 crop year. Open lease for 2025 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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

The Stonner Farm

Representing Attorney:

Mike McCormick | Erwin, Martinkus, & Cole, LTD.

411 W University Ave, Champaign, IL 61820 | (217) 351-4040

Auction Managers:

David Smith (217) 841-0821

Kevin Haas (309) 264-7767