Victoria, IL 61485 - Knox County

LOCATION

Knox County, Illinois

Tract 1 real estate is located 2 miles west of Victoria, IL or 13 miles northeast of Galesburg, IL. Tract 2 lays on the edge of Victoria, IL within city limits. The land is further described as being located in Sections 10 & 13, T12N-R3E, Copley Township, Knox County, Illinois.

Physical Address: 512 W. Main St. Victoria, IL 61485

SELLER

Bond Farm

MANAGED BY

Isaac Taber (309) 335-8081

Kevin Haas (309) 264-7767

OPEN HOUSE

Wednesday, October 15 4:00 PM - 5:00 PM

Saturday, October 18 10:00 AM - 11:00 AM

GENERAL INFORMATION

148.21 acres total 2 tracts

Tract 1 is a desirable combination of productive, tillable farmland and great recreational possibilities! 16 acre stocked lake also provides excellent waterfowl hunting as well as upland game habitat. Farm income with the bonus of year-round recreational opportunities! Tract 2 is an all-brick ranch home situated on a double lot in Victoria, IL.

TRACT INFORMATION

Tract 1 - 147.36 taxable acres

FSA figures indicate 86.78 cropland acres

Productivity Index (PI): 110.9

Soil types include Rapatee, Ipava, Osco, Sable

Pattern tiled

40 x 72 and 30 x 40 pole buildings

Excellent waterfowl and upland game opportunities with a 16-acre stocked lake

Access is along Illinois Route 167 & Knox Hwy 12

Tract 2 - 0.85 acres

224 x 165 double lot

1,544 Sq. Ft. Ranch-style, brick home

3 Bedrooms, 2.5 Bathrooms

588 Sq. Ft. 2 car garage

Full basement

City water

Natural gas

Central A/C, High efficiency furnace

Security system

Automatic stand-by generator

Major appliances convey with the house

Physical Address: 512 W. Main St, Victoria IL 61485

METHOD & TERMS

The Bond farm will be sold on a price per acre basis, based on taxable acres for Tract 1 only. Tract 2 will sell by the lump sum total dollar amount.

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 Tuesday, December 2, 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. Seller reserves the right to reject any and all bids.

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.

SOIL YIELD HISTORY

Year - Corn Beans

2024 - 64.8

2023 - 167.4

2022 - 53.1

2021 - 174.9

REAL ESTATE TAX INFORMATION

Tract 1

PIN 07-10-300-014 - 147.36A - $4059.68

Tract 2

PIN 07-13-201-011 - $3378.30

Representing Attorney:

Bret P. Coale | Hughes, Tenney, Postlewait, & Coale LLC

101 S Main St., Suite 300, Decatur IL 62523 | (217) 428-5383

Auction Managers:

Isaac Taber (309) 335-8081

Kevin Haas (309) 264-7767