Ohio, IL 61349 - Lee County

Thursday, February 8, 2024 - 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

Lee County, Illinois

The Johnson farm is located approx. 3 miles north of Ohio, IL along Easy Rd. and Pump Factory Rd. (hard surface) and is further described as being located in Section 32, T19N-R9W, East Grove Township, Lee County, IL.

SELLER

Douglas Johnson

MANAGED BY

Isaac Taber (309) 335-8081

Brandt Henness (309) 224-4276

GENERAL INFORMATION

271.1 taxable acres 1 tract

The Johnson farm represents productive tillable farmland with center pivot irrigation. A great opportunity for investors and farmers.

TRACT INFORMATION

271.1 taxable acres

FSA figures indicate 239.88 acres of NHEL cropland currently in row crop production.

Productivity Index (PI): 112.8

Soil types include Wyanet, Dickinson, Ayr, and Clyde

An additional 15.96 acres of cropland are enrolled in a CP21 CRP contract. This contract pays $300.00 per acre for an annual payment of $4,788.00. The contract runs through 9-30-2027

The farm is improved with two pivots covering approximately 227.65 acres

Zimkey 7-tower electric drive center pivot system

Zimmatic 7-tower electric drive center pivot system

Bridges replaced and improved in 2019

Hunting opportunities

Access is along Easy Rd and Pump Factory Rd.

METHOD & TERMS

The Johnson 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 Monday, March 11, 2024.

The seller will provide title insurance in the full amount of the purchase price. Seller will receive all the 2023 cash rent/CRP income and will pay all of 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. The buyer will reimburse the seller at closing for fall tillage and fertilizer applied for the 2024 crop. Contact auction manager for details.

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.

Douglas Johnson

Title Company:

Security First Title Company

205 W Stephenson St, Freeport, IL 61032

Auction Manager:

Isaac Taber (309) 335-8081

Brandt Henness (309) 224-4276