Gilson, IL 61436 - Knox County

LOCATION

Knox County, Illinois

The James L. Walker Family Trust real estate is located approximately 2 miles Southeast of Gilson, IL. Tract 1 is located along Knox 1400 E. Tracts 2-4 are located along Knox Rd. 1450 E. These tracts are further described as being located in Section 16, 21, & 28 T10N R3E, Haw Creek Township, Knox County, Illinois.

SELLER

James L. Walker Family Trust

MANAGED BY

Isaac Taber (309) 335-8081

Dan Sullivan

OPEN HOUSE

Thursday, November 6 4:30 PM - 6:30 PM

Saturday, November 8 10:00 AM - 12:00 PM

GENERAL INFORMATION

146.43 surveyed acres 4 tracts

These tracts represent tillable farmland, pastureland, and recreational land in Knox County, IL. Tract 4 features a beautiful acreage with a brick home and pond.

TRACT INFORMATION

Tract 1 - 27.84 surveyed acres

Nearly 100% tillable

Productivity Index (PI): 129

Soil types include Osco, Elco

Access is along Knox Rd 1400 E

Tract 2 - 96.78 surveyed acres

Nearly 100% tillable

Productivity Index (PI): 112.2

Grid tiled

Soil types include Fayette, Greenbush, Elco

Access is along Knox Rd 1450 E

Tract 3 - 10.20 surveyed acres

Excellent recreational opportunities

Creek runs through the property

Balance of the property is pasture and timber

Access is along Knox Rd 1450 E

Tract 4 - 11.61 Surveyed Acres

1,732 Sq. Ft. Brick Home

4 bedrooms, 2 bathrooms

Full finished basement

720 Sq. Ft. and 960 Sq. Ft. garages

1.25-acre pond

Open House: Thursday, Nov. 6 4:30 - 6:30 PM

Saturday, November 8 10:00 - 12:00 PM

Physical Address: 957 Knox Rd 1450 E, Gilson IL 61436

METHOD & TERMS

The James L. Walker farm will be sold on a price per acre basis, based on surveyed acres for Tracts 1-3 only. Tract 4 will sell by the lump-sum total dollar amount. Tracts 1-3 will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any or all tracts for their high bid. If the high bidder does not elect all tracts, then the remaining tracts will be offered through the marketing method of Buyers Choice until all tracts are sold. Tract 4 will be sold last by the lump-sum total dollar amount. 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 Monday, December 22, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay the 2025 real estate taxes, due and payable in 2026, through a credit at closing. Possession at closing subject to an existing lease for the 2025 crop year only. Open lease for 2026 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, pertaining to this property. Real estate is being sold AS IS.

Representing Attorney:

Marcum Spears | Spears & Spears

201 W Broadway, Monmouth, IL 61462 | (309) 734-5105

Auction Managers:

Isaac Taber (309) 335-8081

Dan Sullivan