LEE COUNTY, IL LAND AUCTION - LAND INVESTMENTS

Lee County, Illinois

The land is located 6 miles southwest of Amboy, IL, 7 miles northeast of Ohio, IL, or 17 miles southeast of Sterling, IL. It is further described as being located in Section 12, T19N-R9E, East Grove Township, Lee County, Illinois.

160.0 taxable acres± • 1 tract

Farmers & Investors, be sure to check out the extensive drainage and conservation improvements recently made to this farm!

• 160.0 taxable acres±
• FSA records indicate 140.35 NHEL cropland acres
• Productivity Index (PI): 120.2
• Soil types include Houghton, Selma, Hooppole, Sparta, Comfrey, Warsaw, and Dickinson
• The balance of the farm is mostly a drainage ditch which provides an excellent outlet for future tile installation
• Over 34,000 ft of recently installed tile
• Recently completed clearing and other conservation improvements
• Access along the south side from Union Rd

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

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 Friday, February 28, 2025.

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

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”.

PIN 08-20-12-100-001 - 160.0A - $4990.76