WOODFORD COUNTY, IL LAND AUCTION - FAUBER

Woodford County, Illinois

The Fauber land is located 2 miles south of Spring Bay, 3 miles northwest of Germantown Hills, or 10 miles north of East Peoria, IL along Rt 26. It is further described as being located in Sections 23 & 24, 27N-R4W, Spring Bay Township, Woodford County, Illinois.

217 acres± (subject to survey) • 4 tracts

The Fauber land has something for everyone. Productive tillable farmland, potential commercial development, mature timber zoned residential suitable for hunting or residential development.

Tract 1 – 52 acres± (subject to survey)

• FSA records indicate 50.72 NHEL cropland acres
• Productivity Index (PI): 104.8
• Soil types include Coloma, Huntsville, Alvin, Jasper, and Dakota
• Commercial & residential development potential
• Access along the west side from Rt 26

Tract 2 – 98 acres± (subject to survey)

• FSA records indicate 85.5 NHEL cropland acres
• Productivity Index (PI): 132.6
• Soil types include Plano, Jasper, Huntsville, Martinsville, and Alvin
• Improved with 81 x 54 pole frame building
• Access along the east side from Santa Fe Trail – Upper Spring Bay Rd

Tract 3 – 31 acres± (subject to survey)

• FSA records indicate 5.36 NHEL cropland acres
• Productivity Index (PI): 134
• Soil types include Ross
• Zoned residential – development potential
• Several excellent building sites
• Mature timber provides for excellent deer & turkey hunting as well as outdoor recreational opportunities
• Access along the west side from Santa Fe Trail – Upper Spring Bay Rd

Tract 4 – 35.56 taxable acres±

• FSA records indicate 32.73 HEL cropland acres
• Productivity Index (PI): 96.2
• Soil types include Dakota, Alvin, and Coloma
• Commercial & residential development potential
• Access along the east side from Rt 26

The Fauber farm will be sold on a price per acre basis, based on surveyed acres for Tracts 1-3 and based on taxable acres for Tract 4. All 4 tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. 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, March 3, 2025.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Buyer will pay all the 2025 real estate taxes and beyond. Possession at closing. 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”.

Tracts 1-3

• PIN 07-24-100-001 - 80.0A - $3254.36
• PIN 07-24-200-009 - 101.41A - $3500.16

Tract 4

• PIN 07-23-402-019 - 35.56A - $820.16