TAZEWELL COUNTY, IL LAND AUCTION - KEIL & BLYE

Tazewell County, Illinois

The Keil & Blye Farm is ideally located on the Rt 24 corridor between East Peoria & Washington, IL. It is further described as being located in Section 18, T26N-R3W, Washington Township, Tazewell County, Illinois.

272.48 acres± • 3 tracts

Farmers, investors, commercial & residential builders: Take advantage of this opportunity to purchase a well-located property with unlimited development potential! Extended closing date available.

All Tracts are:

• Zoned A-1, Agricultural
• Adjacent to East Peoria City Limits
• Close to city services
• Washington Grade School Central District 51
• Washington Community High School #308
• Commercial & residential development opportunities!

Tract 1 - 195.916 acres±

• FSA records indicate 170.3 cropland acres
• Productivity Index (PI): 116.2
• Soil types include Rozetta, Birkbeck, Stronghurst and Ipava
• Includes a 4-acre lake and a smaller pond
• Adjacent to Quail Meadows Golf Course
• Includes a 40x60 pole building built in 2004
  • Partial concrete floor
  • 12’ lean-to
  • Electricity
• The balance of this tract is wooded draws
• Over 1,900’ of Rt 24 road frontage
• Traffic count of 20,000+ per day along the north side
• Current access along the north side from Rt 24 and along the south side from Centennial Drive

Tract 2 - 52.78 taxable acres±

• FSA records indicate 41.7 NHEL cropland acres
• Productivity Index (PI): 117.6
• Soil types include Rozetta, Ipava, Stronghurst and Birkbeck
• The balance of this tract is wooded draws that provide excellent wildlife habitat or other outdoor recreational opportunities
• Over 1,900’ of Rt 24 road frontage
• Traffic count of 20,000+ per day along the north side
• Current access along the north side from Rt 24

Tract 3 - 23.784 surveyed acres

• FSA records indicate approximately 21 NHEL cropland acres (farm is combined in FSA information)
• Productivity Index (PI): 118.2
• Soil types include Stronghurst, Birkbeck and Rozetta
• Over 1,100’ of road frontage
• Traffic count of 3,500 per day along the south side
• Current access along the south side from Centennial Drive

The Keil & Blye farm will be sold on a price per acre basis, based on either taxable or surveyed acres. The tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any tract(s) 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(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. The balance of the bid price will be due at the time of closing, on or before Friday, October 30, 2026.

The seller will provide title insurance in the full amount of the purchase price and will pay the 2026 real estate taxes for tract 2, due in 2027 through a credit at closing based on the latest available information. Seller shall establish an escrow account for tracts 1 & 3 and will pay the 2026 taxes, due in 2027. Seller is retaining all the 2026 crop income. Buyer will be responsible for all subsequent real estate taxes. Possession after all the 2026 crops are harvested. Open lease for 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 on 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”.

Sampled Fall 2023

• PH - 6.0
• P - 84 #/A
• K - 247 #/A

245 ton limestone applied VRT fall 2023 after soil tests were pulled

Tracts 1 & 3

• PIN 02-02-18-100-010 - 112.09A - $3940.16
• PIN 02-02-18-400-003 - 99.58A - $4470.30
• PIN 02-02-18-300-003 - 8.03A - $124.78

Tract 2

• PIN 02-02-18-200-002 - 52.78A - $1687.24