Peotone, IL 60468 - Will County

Monday, November 27, 2023 - 2:00 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

Will County, Illinois

The OConnor & Ruane farm is located 1 mile east of Peotone, IL or 16 miles north/northeast of Kankakee, IL. The land is further described as being located in Section 17 T33-R13E, Will Township, Will County, Illinois.

SELLER

O'Connor & Ruane Farm

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

156.97 taxable acres 1 tract

Farmers & investors, dont miss this opportunity to purchase a well-located, productive farm that lies in an area with future development potential.

TRACT INFORMATION

156.97 taxable acres

FSA records indicate 152.9 NHEL cropland acres

Productivity Index (PI): 128.3

Soil types include Pella, Elliott, Jasper, Varna, and Ashkum

This farm was featured in the filming of the movie, Road to Perdition

Excellent building site location that features many mature trees and a beautiful view of the farm and surrounding area

Access along the south side from Peotone-Beecher Rd and along the west side from S Ridgeland Ave

REAL ESTATE TAX INFORMATION

PIN 20-21-17-300-002-0000 - 156.97A - $4880.98

Includes $106.92 drainage district tax

METHOD & TERMS

The OConnor & Ruane 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, December 29, 2023.

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, through a credit at closing. Open lease for 2024 crop year and beyond. Possession at closing, subject to existing lease for the 2023 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, LLC pertaining to this property. Real estate is being sold AS IS.

O'Connor & Ruane Farm

Representing Attorney:

Michael S. Guilfoyle | Guilfoyle & Stevenson LLP

1316 Meriden St., Mendota, IL 61342 | (815) 539-6711

Auction Manager:

Kevin Haas (309) 264-7767