Plymouth, IL 62367 - McDonough County

MCDONOUGH COUNTY, IL LAND AUCTION - GMS FARMS

Tuesday, February 18, 2025 - 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

McDonough County, Illinois

The GMS Farms Inc farm real estate is located approximately 1 1/2 miles east of Plymouth, IL From the curve just east of Plymouth on Highway 61, take N 50th Road east mile to the farm. (Plymouth is located 20 miles southwest of Macomb, or 40 miles northeast of Quincy, IL). The land is further described as being in part of Sections 29, 31 and 32, T4N-R4W, Lamoine Township, McDonough County, Illinois.

SELLER

GMS Farms Inc

MANAGED BY

Louie Zinn (319) 795-2314

John Sullivan (309) 221-6700

GENERAL INFORMATION

233.55 taxable acres 2 tracts

The real estate contains a total of 233.55 taxable acres and will be sold in 2-tracts. Tract 1 is all-tillable, productive Class A farmland, and Tract 2 is a high percentage tillable with productive soils and has some grass and wooded acres which offers hunting and outdoor recreational opportunities.

Farmers and investors, be sure to check out these investment quality tracts of land.

TRACT INFORMATION

Tract 1 - 76.19 taxable acres

FSA maps indicate 73.22 NHEL cropland acres

Productivity Index (PI): 136.4 (Class A)

Soil types include Virden, Timewell and Clarksdale

N 50th Road borders along the north side and E 135th Street along the east side

Tract 2 - 157.36 taxable acres

FSA maps indicate 127.46 cropland acres

Productivity Index (PI): 116.2

Soil types include Elco, Rozetta and Clarksdale

The balance of the acres is grass and wooded waterways which offers hunting and outdoor recreational opportunities

N 50th Road borders along the south side and E 150th Street along the west side

REAL ESTATE TAX INFORMATION

Tract 1 Tax ID Numbers:

1000033105 - 20.7 Acres

1000034000 - 55.49 Acres

Total Tax Acres - 76.19

Tract 2 Tax ID Numbers:

1000030400 - 26.84 Tax Acres

1000033300 - 83.33 Tax Acres

1000033500 - 47.19 Tax Acres

Total Tax Acres - 157.36

METHOD & TERMS

The GMS Farms Inc real estate will sell on a per acre basis, based on the taxable acres. Tract 1 will sell first, followed by tract 2. The tracts will NOT be offered together at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment which will be held in escrow until closing. The balance of the bid price will be due at the time of closing, on or before March 18, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. The buyer will be responsible for the 2025 real estate taxes. Full possession at closing with an open lease for the 2025 crop year and beyond.

Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure 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.

GMS Farms Inc

Representing Attorney:

Charles A. Burton Law Office

114 W Lafayette St. Rushville, IL 62681 | (217) 322-4303

Auction Managers:

Louie Zinn (319) 795-2314

John Sullivan (309) 221-6700