Lexington, IL 61753 - McLean County

Thursday, November 9, 2023 - 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

McLean County, Illinois

The William L. Carmichael Estate farm is generally located 3 miles SE of Lexington, IL or 14 miles NE of Bloomington, IL. The farm is further described as being located in Sections 22, 28 & 29, T25N-R4E, Lexington Township, McLean County, Illinois.

SELLER

William L. Carmichael Estate

Suzie Soule - Executor

MANAGED BY

Kevin Haas (309) 264-7767

GENERAL INFORMATION

252 Acres (subject to survey) 5 Tracts

The real estate contains a total of 252 acres (subject to survey) and will be sold in 5 tracts. Farmers, investors, and homebuilders dont miss this opportunity in McLean County.

TRACT INFORMATION

TRACT 1 - 81 acres (subject to survey)

FSA figures indicate 81.19 NHEL cropland acres

Productivity Index (PI): 136.8 high quality Class A farm!

Soil types include Drummer, Lisbon, Wyanet, Saybrook, Mayville, and Flanagan

Access along the north side from E2200 N Rd

TRACT 2 - 57 acres (subject to survey)

FSA figures indicate 44.76 NHEL cropland acres

Productivity Index (PI): 120.5

Soil types include Mayville, Drummer, Elpaso, Camden, Sawmill, Miami, Hennepin, Elburn, Flanagan, and Saybrook

No CRP acres associated with this tract

The balance of this tract is grassland and mature timber with excellent hunting and outdoor recreational opportunities, as well as several excellent building sites

Access along the north side from E2200 N Rd

TRACT 3 - 57 acres (subject to survey)

FSA figures indicate 47.55 NHEL cropland acres

Productivity Index (PI): 114.6

Soil types include Strawn, Mayville, Sawmill, Sabina, Lawson, Camden, Fox, Miami, Drummer, Elpaso, Ross, and Hennepin

No CRP acres associated with this tract

The balance of this tract is grassland and mature timber with excellent hunting and outdoor recreational opportunities, as well as several excellent building sites

Access along the north side from E2200 N Rd and along the east side from Leroy-Lexington blacktop (N2600 E Rd)

TRACT 4 - 30 acres (subject to survey)

FSA map figures indicate 29.53 NHEL cropland acres

Productivity Index (PI): 108.7

Soil types include Mayville, Fox, Strawn, Sabina, Drummer, Elpaso, and Camden

Access along the north side from E2200 N Rd and along the west side from Leroy-Lexington blacktop (N2600 E Rd)

TRACT 5 - 27 acres (subject to survey)

FSA map figures indicate 26.34 NHEL cropland acres

Productivity Index (PI): 134.4

Soil types include Drummer, Elpaso, Saybrook, Sabina, and Flanagan

Excellent deer hunting possible along the west tree line

Access along the east side from CR 2200 N

METHOD & TERMS

The William L. Carmichael Estate farm will be sold on a price per acre basis, based on surveyed acres. All 5 tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) 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, December 8, 2023.

The seller will provide title insurance in the full amount of the purchase price. Seller will retain all of the 2023 income 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.

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.

REAL ESTATE TAX INFORMATION

Tract 1

PIN 09-29-100-007 - 81.45A - $4672.72

Tracts 2 & 3

PIN 09-29-200-014 - 102.0A - $2729.40

PIN 09-29-100-004 - 11.36A - $501.42

Tract 4

PIN 09-28-100-001 - 30.0A - $660.76

Tract 5

PIN 09-22-300-011 - 27.2A - $1320.50

William L. Carmichael Estate

Suzie Soule - Executor

Representing Attorney:

Richard Marvel | Marvel Law PC

221 East Front Street, Bloomington, IL | (309) 807-2885

Auction Manager:

Kevin Haas (309) 264-7767