Washburn, IL 61570 - Marshall County

MARSHALL COUNTY, IL LAND AUCTION - J&B FARMS INC

Thursday, September 12, 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

Marshall County, Illinois

The farm is located 3 miles northwest of Washburn, IL or 22 miles northeast of Peoria, IL. It is further described as being located in Sections 22, 23, 26 & 27, T29N-R2W, Richland Township, Marshall County, Illinois.

SELLER

J&B Farms Inc

MANAGED BY

Kevin Haas (309) 264-7767

OPEN HOUSE DATES

Saturday, August 24, 2024 10:00 - 11:00 AM

Wednesday, August 28, 2024 4:00 - 5:00 PM

Auction personnel will be located at the cabin on Tract 2

Or by appointment, contact Wayne Benson Sr. (309) 256-9293

GENERAL INFORMATION

347 acres (subject to survey) 5 tracts

The J&B Farms Inc property is a truly unique property. A well-located combination of productive tillable farmland, mature timber, and recreational bottom land. It also has excellent whitetail deer and turkey hunting and the potential for immediate and future timber harvesting. Plus, several excellent building sites.

TRACT INFORMATION

Tract 1 85 acres (subject to survey)

FSA records indicate 79.53 NHEL cropland acres

Productivity Index (PI): 120.7

Soil types include Rozetta, Keomah, Sable, and Fayette

The balance of this tract is mature timber which provides the opportunity for field edge deer and turkey hunting

Excellent yield history

Access along the west and south side from Wilburn Rd

Tract 2 87 acres (subject to survey)

FSA records indicate 33.46 NHEL cropland acres

Productivity Index (PI): 117.2

Soil types include Rozetta, Keomah, St. Charles, and Fayette

The balance of this tract is a primitive cabin and storage building, stocked pond, grassland, and mature timber

Weekend, summer or deer camp getaway property

Many acres of mature walnut and oak trees ready for harvest; family named Walnut Grove area

Excellent deer & turkey hunting and other outdoor recreational opportunities

Several excellent building sites

Access along the north side from Wilburn Rd

Tract 3 40 acres (subject to survey)

This tract is all mature timber

Secluded for excellent deer & turkey hunting

Suitable for timber harvesting

Family named Hidden Meadow area

Several excellent building sites

Access along the southwest side through a shared entrance with Tract 4 from Wilburn Rd

Tract 4 62 acres (subject to survey)

FSA records indicate 33.09 NHEL cropland acres

Includes 30.3 CRP acres, $6,263.00 annual income, expires 9/30/2026

Productivity Index (PI): 100

Soil type includes Landes

Crow Creek makes this tract unique as it loops around three sides

Excellent bass fishing, deer & turkey hunting

Access along the southwest side through a shared entrance with Tract 3 from Wilburn Rd

Tract 5 72 acres (subject to survey)

FSA records indicate 30.27 NHEL cropland acres

Productivity Index (PI): 102.6

Soil types include Landes and Onarga

The balance of this tract is mature timber which provides for excellent deer & turkey hunting

Mature walnut & oak trees ready for harvest

Family planted & maintained walnut tree nursery will be ready for harvest in the future

Several excellent building sites

Private railroad crossing

Access along the east side from Tax School Road

Note: This FSA information covers acres that are not included in this auction.

REAL ESTATE TAX INFORMATION

PIN 12-22-300-001 - 80A - $2615.12

covers portions of tracts 1 & 2

PIN 12-27-100-001 - 78A - $1259.80

Covers part of tract 2

PIN 12-22-300-004 - 34A - $458.38

covers portions of tracts 1, 3, & 4

PIN 12-22-400-002 - 65.11A - $593.34

covers portions of tracts 3 & 4

PIN 12-27-202-005 - 8.73A - $89.42

covers portions of tracts 3 & 4

PIN 12-23-300-008 - 46.59A - $613.24

covers part of tract 5 and a small number of acres that are not included in this auction

PIN 12-23-300-005 - 10.5A - $51.06

covers part of tract 5 and a small number of acres that are not included in this auction

PIN 12-26-100-001 - 9.23A - $141.76

covers part of tract 5

PIN 12-26-100-004 - 7.11A - $74.68

covers part of tract 5

PIN 12-22-400-003 - 8A - $98.88

covers part of tract 5

YIELD HISTORY

Tract 1

2021 - 236 bu/a corn

2022 - 246 bu/a corn

2023 - 240 bu/a corn

Tract 2

2021 - 43 bu/a beans

2022 - 153 bu/a corn

2023 - 43 bu/a beans

METHOD & TERMS

All tracts will be sold on a price per acre basis, based on surveyed acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any tract 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(s) 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, November 1, 2024.

The seller will provide title insurance in the full amount of the purchase price. Seller will pay the 2023 real estate taxes before closing. Seller is keeping all 2024 crop and CRP income and will pay 2024 real estate taxes due in 2025 through a credit at closing. Possession at closing subject to an existing lease for 2024 crop year only. Open lease for 2025 crop year. No hunting leases.

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.

J&B Farms Inc

Representing Attorney

Michael T. Mahoney, Ltd.

1011 North Second Street, Chillicothe, IL 61523 | (309) 274-5451

Auction Manager:

Kevin Haas (309) 264-7767