MARSHALL COUNTY, IL LAND AUCTION - SUNKEN

Marshall County, Illinois

The Dorothy Sunken Estate land is located on the north edge of the city of Toluca, IL on east side of Route 117. It is further described as being located in Section 5, T29N-R1E, Bennington Township, Marshall County, Illinois.

58.6 surveyed acres • 2 tracts

Farmers and investors, don’t miss out on this productive, Class A soils farm with development opportunities! It is selling with an open lease for the 2026 growing season!

Tract 1 - 12.274 surveyed acres

• FSA Records indicate 12.14 NHEL cropland acres
• Productivity Index (PI): 138.3
• All Class A Soils!
• Soil Types include Harco and Hartsburg
• Lies within Toluca village limits with unlimited residential & business development potential
• Tile added in 2019
• Access along the west side from St Rt 117

Tract 2 - 46.326 surveyed acres

• FSA records indicate 46.35 NHEL cropland acres
• Productivity Index (PI): 137.4
• All Class A soils!
• Soil types include Harco and Hartsburg
• Lies within Toluca village limits with potential residential development opportunity!
• Tile added in 2019
• Access along the east side from 2700E Rd and at the end of N Walnut St for the acres south of the drainage ditch

The land will be sold on a price per acre basis, based on surveyed acres. The tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect either 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 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 Tuesday, April 21, 2026. Seller reserves the right to accept or reject any and all bids.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2025 taxes due in 2026 through a credit at closing based on the latest available information. Buyer will pay all the 2026 taxes and beyond. Open lease for 2026 crop year. Possession at closing.

REAL ESTATE TAXES UPDATE:

In the event that Buyer purchases both Tract 1 and Tract 2, then Seller shall pay the 2025 real estate taxes by giving Buyer a credit at closing, based on the most recent ascertainable tax assessment and tax rate. Buyer shall be responsible for the actual payment of all of the 2025 & 2026 real estate taxes, and all future years, when due and payable.

In the event that Buyer only purchases one Tract, then Seller shall escrow 110% of the 2024 real estate taxes with The Cantlin Law Firm, for payment of the 2025 real estate taxes, when due and payable. The parties shall enter into a Tax Escrow Agreement at the time of closing. Buyer shall be responsible for the 2026 real estate taxes, and all future years, when due and payable.

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”.

• Pin 14-05-251-001 – 30 acres – $2,110.94
• Pin 14-05-276-001 – 18.49 acres - $1,140.66
• Pin 14-05-277-010 – 11.2 acres - $772.42

• 2020 - 68.1 bu/acre soybeans
• 2021 - 263.2 bu/acre corn
• 2022 - 70.1 bu/acre soybeans
• 2023 - 226.2 bu/acre corn
• 2024 - 62.5 bu/acre soybeans
• 2025 - 232.7 bu/acre corn

• PH – 6.3
• P – 50 lbs. per acre
• K – 231 lbs. per acre