Lostant, IL 61334 - LaSalle County

LASALLE COUNTY, IL LAND AUCTION - JKV FAMILY INVESTMENTS

Tuesday, August 27, 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

LaSalle County, Illinois

The JKV Family Investments farm is located just southwest of Lostant, IL, 5 miles north of Wenona, IL, or 15 miles south of Peru, IL. The land is further described as being located in Section 26, T31N-R1E, Hope Township, LaSalle County, Illinois.

SELLER

JKV Family Investments

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

135.48 taxable acres 1 tract

Farmers & investors, dont miss this opportunity to purchase this ideally located farm with high quality soils and unlimited development potential!

TRACT INFORMATION

135.48 taxable acres

FSA records indicate 129.84 NHEL cropland acres

Productivity Index (PI): 129

Soil types include Rutland, Streator, and Swygert

Ideally located on the northeast corner of I-39 & Rt 18 interstate exchange

Lies in the Village of Lostant city limits and village TIF district

Unlimited development potential

Access along the south side from Rt 18 and along the east side from Rt 251

REAL ESTATE TAX INFORMATION

PIN 30-26-401-000 - 135.48A - $6753.78

METHOD & TERMS

The JKV Family Investments 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 Friday, September 27, 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 in 2024 before closing. Seller is keeping all the 2024 cash rent income and will pay all of the 2024 real estate taxes due and payable in 2025 through a credit at closing. Possession at closing, subject to an existing lease for the 2024 crop year. Open lease for 2025 crop year and beyond.

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.

JKV Family Investments

Representing Attorney:

James De Bruyn | De Bruyn, Taylor, & De Bruyn Ltd

15252 S. Harlem Ave, Orland Park IL 60462 | (708) 532-3223

Auction Manager:

Kevin Haas (309) 264-7767