Arcola, IL 61910 - Douglas County

DOUGLAS COUNTY, IL LAND AUCTION - BARTHOLOW & GARZA

Tuesday, December 10, 2024 - 1:00 PM 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

Douglas County, Illinois

The Bartholow & Garza farm is located approximately 1 mile south of Arcola, Illinois. The real estate is further described as being located in Section 15 & 16, T14N-R8E, Arcola Township, Douglas County, Illinois.

SELLER

Bradley Bartholow & Jesus "Jesse" Garza

MANAGED BY

David Smith (217) 841-0821

GENERAL INFORMATION

235.25 taxable acres 2 tracts

The property contains a total of 235.25 acres, will be sold in 2 tracts, and represents highly productive Class A farm ground. Farmers and investors, be sure to check out this Class A farm located south of Arcola between Hwy 45 and I-57.

TRACT INFORMATION

Tract 1 155 taxable acres

FSA figures indicate 151.36 NHEL cropland acres

Productivity Index (PI): 139.1 (Class A)

Soil types include Drummer-Milford, Elburn, Flanagan, Blackberry

Access from the north off E Co Rd 100 N and east off N Co Rd 900 E

Tract 2 80.25 taxable acres

FSA figures indicate 79.22 NHEL cropland acres

Productivity Index (PI): 139.1 (Class A)

Soil types include Drummer-Milford, Flanagan, Elburn and Harpster

Access from the west off N Co Rd 900 E

METHOD & TERMS

The Bartholow & Garza farm will be sold on a price per acre basis, based on taxable acres.

Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, then the remaining tract will be offered. 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, January 13, 2025.

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

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.

Bradley Bartholow & Jesus "Jesse" Garza

Representing Attorney:

Hannah E. Wince | Klaus LeFebvre and Wince LLP

7 N Main St, Villa Grove, IL 61956 | (217) 832-3701

Auction Manager:

David Smith (217) 841-0821