Freeport, IL 61032 - Stephenson County

STEPHENSON COUNTY, IL LAND AUCTION - WILHELMS

Wednesday, August 28th, 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

Stephenson County, Illinois

Tract 1 of the Wilhelms farm is located approx. 8.5 miles southeast of Freeport, IL with access along E Kelley Rd. and is further described as being located in Section 16, T26N - R9E, Ridott Township, Stephenson County, IL.

Tracts 2 & 3 of the Wilhelms farm is located approx. 8.75 miles southeast of Freeport, IL south of Highway 20 along S Holland Church Rd. (hard surface) and is further described as being located in Section 9 & 10, T26N - R9E, Ridott Township, Stephenson County, IL.

Tract 4 of the Wilhelms farm is located approx. 8.6 miles east of Freeport, IL north of Highway 20 along S Holland Church Rd. (hard surface) and is further described as being located in Section 3, T26N - R9E, Ridott Township, Stephenson County, IL.

SELLER

Lavon I. Wilhelms Estate

MANAGED BY

Isaac Taber (309) 335-8081

Brandt Henness (309) 224-4276

GENERAL INFORMATION

437.85 taxable acres 4 tracts

These tracts represent high quality tillable farmland. A great opportunity for farmers and investors.

TRACT INFORMATION

Tract 1 - 87.88 taxable acres

FSA figures indicate 83.69 acres of cropland currently in row crop production

Productivity Index (PI): 136.7 (Class A)

Soil types include Osco, Ashdale, Hitt, Lawson

Access is along E Kelley Rd

Tract 2 - 73 taxable acres

FSA figures indicate 69.87 acres of cropland currently in row crop production

Productivity Index (PI): 134.6 (Class A)

Soil types include Osco, Plano, Hitt

Access is along S Holland Church Rd

Tract 3 - 80 taxable acres

FSA figures indicate 77.9 acres of cropland currently in row crop production

Productivity Index (PI): 132.7

Soil types include Osco, Hitt, Atterberry

Access is along S Holland Church Rd

Tract 4 - 196.97 taxable acres

FSA figures indicate 201.1 acres of cropland currently in row crop production

Productivity Index (PI): 136.6 (Class A)

Soil types include Osco, Hitt, Muscatune

Access is along S Holland Church Rd

REAL ESTATE TAX INFORMATION

Tract 1

PIN# 05-20-16-300-004 - $4,490.70

Tract 2

PIN# 05-20-09-400-004 - $3,535.50

Tract 3

PIN# 05-20-10-300-001 - $3,375.26

Tract 4

PIN# 05-20-03-300-004 - $10,481.48

METHOD & TERMS

All 4 tracts will sell on a per acre basis, based on taxable acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can purchase (in any order) any or all tracts for their high bid. Buyers Choice auctioning will continue until all 4 tracts have been elected. The tracts will NOT be offered together or in any combination 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. The balance of the bid price will be due at the time of closing, on or before Wednesday, September 25, 2024

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. Buyer will receive possession at closing subject to a farm lease for the 2024 crop year. Full possession upon removal of the 2024 crop. Open lease for 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. The real estate and improvements are being sold AS IS.

Lavon I. Wilhelms Estate

Representing Attorney:

David D. Shockey, ESQ. | Attorneys & Counselors at Law

208 West Stephenson Street,Suite 101 Freeport, IL 61032 | (815) 235-2507

Auction Managers:

Isaac Taber (309) 335-8081

Brandt Henness (309) 224-4276