Tremont, IL 61568 - Tazewell County

LOCATION

Tazewell County, Illinois

Tract 1 is located 3 miles west of Tremont, IL or 3 miles east of Pekin, IL. Tract 2 is located 3 miles southeast of Pekin, IL. The land is further described as being located in Sections 16 & 29, T24N-R4W, Elm Grove Township, Tazewell County, Illinois.

SELLER

Mary Ingram Estate

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

144.11 taxable acres 2 tracts

Farmers, developers, & outdoor enthusiasts, check out this blend of productive, tillable farmland with the added benefit of excellent deer & turkey hunting.

TRACT INFORMATION

Tract 1 64.11 taxable acres

FSA records indicate 49.28 cropland acres

Includes 0.7 CRP acres, $210.00 annual payment, expires 9/30/2033

Productivity Index (PI): 130.9

Soil types include Greenbush, Osco, Birkbeck, and Catlin

Unlimited residential & commercial development opportunity

Close to city utilities

Wooded draw provides wildlife habitat

Access along the north side from Rt 9

Tract 2 80 taxable acres

FSA records indicate 26.66 cropland acres

Includes 3.82 CRP acres, $1,147.00 annual payment, expires 9/30/2034

Productivity Index (PI): 110.7

Soil types include Stronghurst, Birkbeck, and Rozetta

Premier deer & turkey hunting

Several excellent building sites

Access along the north side from 1300 N Rd and along the east side from Mennonite Church Rd

METHOD & TERMS

The farm will be sold on a price per acre basis, based on taxable 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, January 9, 2026.

The seller will provide title insurance in the full amount of the purchase price. Seller will pay all the 2025 real estate taxes due in 2026 through a credit at closing based on the best available information. Buyer will pay all 2026 taxes and beyond. Open lease for 2026 crop year. Possession at closing subject to an existing lease for the 2025 crop year only. No hunting lease.

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.

TRACT 1 YIELD HISTORY

Year - Beans

2024 - 73

*Prior records not available from the previous tenant

TRACT 2 YIELD HISTORY

Year - Corn Beans

2024 - 270

2023 - 64

2022 - 243

2021 - 63

TRACT 2 SOIL TEST RESULTS

PH - 6.5

P - 67 #/A

K - 248 #/A

REAL ESTATE TAX INFORMATION

Tract 1

PIN 11-11-16-200-003 - 64.11A - $2222.26

Tract 2

PIN 11-11-29-200-001 - 80.0A - $929.70

Representing Attorney:

W. Thad Kuhfuss | Kuhfuss and Proehl PC

342 Elizabeth St, P.O. Box 1068, Pekin, IL 61554 | (309) 347-4164

Auction Manager:

Kevin Haas (309) 264-7767