LASALLE COUNTY, IL LAND AUCTION - FREISE

LaSalle County, Illinois

The real estate is located 4 miles east of Lostant, IL or 10 miles west of Streator, IL. It is further described as being located in Sections 15 & 22, T31N-R2E, Richland Township, LaSalle County, Illinois.

235.5 taxable acres± • 2 tracts

The Freise Trust farms represent productive, tillable farmland with access to several excellent grain market outlets!

Tract 1 - 155.5 taxable acres±

• FSA records indicate 146.0 NHEL cropland acres
• Productivity Index: 129.1
• Soil types include Streator, Rutland, Swygert, Osco, Wenona, Drummer, and Muscatune
• Includes a recently remodeled 54’x90’ pole building
• Also includes several older buildings, crib, grain bin, and a vintage house in need of major repair
• Natural gas, 3 phase electricity
• Access along the north side from N15th Rd, along the west side from E9th Rd, and along the east side from E950th Rd

Tract 2 - 80.0 taxable acres±

• FSA records indicate 77.68 NHEL cropland acres
• Productivity Index: 126.0
• Soil types include Streator, Swygert, Wenona, Rutland, Harpster, and Muscatune
• Includes a previously occupied residence in need of repair
• Also includes a Morton brand unattached 2 car garage and a former dairy barn
• Mature tree grove lies just east of the building site area
• Natural gas, 3 phase electricity
• Access along the south side from N15th Rd

Both tracts will be sold on a price per acre basis, based on taxable acres. Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect either tract, or both tracts, for their high bid. If the high bidder does not elect both tracts, then the remaining tract will be sold. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) 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, December 14, 2026.

The seller will provide title insurance in the full amount of the purchase price. Seller is retaining all 2026 farm income. Seller will pay the estimated 2026 taxes due in 2027 through a credit at closing based on the latest available tax information. As a result of receiving this credit, buyer(s) will pay the 2026 taxes when they become due and payable in 2027 with no additional real estate tax adjustments being made. Buyer(s) will pay all 2027 taxes and beyond. Possession at closing subject to an existing lease for the 2026 crop year only. Open lease for the 2027 crop year.

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 pertaining to this property. Real estate is being sold “AS IS”.

Tract 1

• PIN 31-22-100-000 - 80.0A - $6301.50
• PIN 31-22-101-000 - 75.5A - $4271.90

Tract 2

• PIN 31-15-300-000 - 80.0A - $6200.74