Payson, IL 62360 - Adams County

LOCATION

Adams County, Illinois

The Loos farm is located south of Quincy, IL approximately 10 miles and 4.5 miles west of Payson, IL. The tracts lie on both sides of Interstate 172 near Fall Creek. The farm is further described as being located in Sections 14 & 15, T3S-R8W, Fall Creek Township, Adams County, Illinois.

SELLER

Norma J. Loos Estate & Loos Farm Supply

MANAGED BY

Louie Zinn (319) 795-2314

Michael Sullivan (309) 333-0916

GENERAL INFORMATION

124 acres (subject to survey) 2 tracts

The farms represent highly productive tillable cropland, recreational/prime hunting, and outstanding rural building locations. Sells free & clear for the 2026 crop year!

TRACT INFORMATION

Tract 1 - 67 acres (subject to survey)

FSA figures indicate 62.11 acres of cropland

Productivity Index (PI): 132

Soil types include Biggsville, Mannon, Stookey & Wakenda

The balance of the farm represents timbered draws

Improved with a grain bin on the east side

Excellent potential building site with utilities present

Access is along the east side on East 1150th Street and from the south on North 300th Ave

Tract 2 - 57 acres (subject to survey)

FSA figures indicate approximately 32.42 acres of NHEL cropland

Productivity Index (PI): 125.3

Soil types include Mannon, Stookey, Worthen, Biggsville & Drury

The balance of the farm represents beautiful hardwood timber and draws

Excellent hunting and recreational farm in an area known for producing trophy whitetail deer

Multiple potential building locations with utilities present

Access is along the east on East 1100th Street

METHOD & TERMS

The Loos 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 either of the tracts for their high bid. If the high bidder does not elect both offered tracts, then the remaining tract will continue to be offered Buyers Choice until both 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 Tuesday, January 6th 2026.

The seller will provide title insurance in the full amount of the purchase price and pay the 2025 real estate taxes, due and payable in 2026, through credit at closing, said credit to be based on the most recent ascertainable tax year. Possession at closing subject to an existing lease for the 2025 crop year only. Open lease for 2026 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, pertaining to this property. Real estate is being sold AS IS.

Representing Attorneys:

Mark Cassens | Mark A. Cassens Law, LLC

237 N 6th St #203, Quincy, IL 62301 | (217) 919-2905

Tyler Phillips | Rober & Phillips

1246 Broadway Street, Quincy, L 62301 | (217) 209-0324

Auction Managers:

Louie Zinn (319) 795-2314

Michael Sullivan (309) 333-0916