Piper City, IL 60959 - Ford County

FORD COUNTY, IL LAND AUCTION - PIPER CITY TRUST

Monday, November 4, 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

Ford County, Illinois

The Piper City Trust farm is located 8 miles northeast of Piper City, 10 miles northwest of Gilman, or 25 miles east of Pontiac, IL. It is further described as being located in Section 25, T28N-R9E, Mona Township, Ford County, Illinois.

SELLER

Piper City Trust

Nancy J. Erickson, Trustee

MANAGED BY

Kevin Haas (309) 264-7767

Jim Sullivan (217) 440-8172

GENERAL INFORMATION

323.31 surveyed acres 2 tracts

Farmers & investors, take advantage of this opportunity to purchase a half section with tremendous eye appeal located close to excellent grain market outlets.

TRACT INFORMATION

Tract 1 - 160.95 surveyed acres

FSA records indicate approximately 159 NHEL cropland acres (split field)

Productivity Index (PI): 136

Soil type includes Pella

Access along the west side from N1700E Rd and along the south side from E3200N Rd

Tract 2 - 162.36 surveyed acres

FSA records indicate approximately 159 NHEL cropland acres (split field)

Productivity Index (PI): 134.7

Soil types include Pella, Selma, and Milford

Improvements include 3 grain bins (37,000 Bu. total capacity) and an open front building

Access along the south side from E3200N Rd and along the east side from N1800E Rd

REAL ESTATE TAX INFORMATION

Tracts 1 & 2 combined

PIN 02-02-25-300-001 - 320A - $15,746.68

Includes $595.58 drainage district tax

YIELD HISTORY

Year - Corn Beans

2022 - 228 70.9

2023 - 236 62.6

SOIL TEST RESULTS

Tract 1

PH - 6.2

P - 72#/A

K - 400#/A

Tract 2

PH - 6.4

P - 57#/A

K - 360#/A

METHOD & TERMS

The Piper City Trust farm will be sold on a price per acre basis, based on surveyed acres. All 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 6, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay the 2024 real estate taxes through a credit at closing. The seller is keeping all the 2024 crop income. Open lease for 2025 crop year and beyond. Possession at closing subject to an existing lease for the 2024 crop year only.

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.

Piper City Trust

Nancy J. Erickson, Trustee

Representing Attorney:

Brian A. Peterson | Simpson Peterson

246 E. Main St., Suite 201, Galesburg, Illinois 61401 | (309) 343-6152

Auction Managers:

Kevin Haas (309) 264-7767

Jim Sullivan (217) 440-8172