FARMLAND AUCTION
Class A Soils
+/- 80 Acres, Offered in 2 Tracts
Penn TWP. Shelby County, IL.
Auction Time & Date:
Wednesday, 10:00 AM, November 12th.
Auction Location:
Bethany Fire Station
530 East Main Street
Bethany, IL 61914
Farm tracts are located 4 miles west of Bethany, IL at the intersection of County Highway 14, and Illinois Route 128.
+/- 80 Acres located in the N of the NE of section 24, T14N R3E Penn Twp. Shelby County, IL.
Consisting of two Shelby County, IL tax parcels:
PIN #s: 1302-24-00-200-003 (+/- 40 acres); and 1302-24-00-200-004 (+/- 40 acres).
Highly Productive Class A Soils
Open farm tenancy for 2026
Online and In Person Public Auction.
Bidders Choice and Privilege.
T1: +/- 40.00 Acres; +/- 39.25 tillable acres, 144 PI
The northwest 1/4 of the northeast quarter of section 24, T14N- R3E Penn TWP. Shelby County, IL.
PIN: 1302-24-00-200-003 (40.00 Acres)
2024 payable 2025 Real Estate Tax Total = $2,720.12
$2,833.85 lime reimbursement due at closing.
T2: +/- 40.00 Acres; +/- 38.28 tillable acres, 144 PI
The northeast 1/4 of the northeast 1/4 of section 24, T14N- R3E Penn TWP. Shelby County, IL.
PIN: 1302-24-00-200-004 (40.00 Acres)
2024 payable 2025 Real Estate Tax Total = $2,615.88.
$2,763.80 lime reimbursement due at closing.
Land Broker and Auctioneer, Travis Selby
IL AUCTION Lic.# 441001485
217-304-1686
Online bidding opens Wednesday, November 12th, 10:00 AM.
Online bidding registration must be completed 24 hrs prior to the live event.
All bidding ends Wednesday November 12th at the end of the live event.
Auction Terms and Conditions:
Procedure: The property will be offered as 2 tracts, bidders choice and privilege. The auction will be conducted publicly with online bidding available for pre-registered online bidders.
The bidding shall remain open until the auctioneer announces the bidding is closed.
SALE IS SUBJECT TO SELLERS COMFIRMATION.
BIDDING IS NOT CONDITIONAL UPON FINANCING.
Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding.
Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashiers check. The balance of the contract purchase price is due at closing.
Closing: Closing shall take place 58 days after the day of the auction, or as soon thereafter as applicable closing documents are completed. The anticipated closing date is on or before Friday, January 9th, 2026.
Possession: Possession will be given at closing. Open farm tenancy for 2026 crop year.
Lime reimbursement due at closing:
T1: $2,833.85
T2: $2,763.80
Title: Sellers shall provide an Owners Policy of Title Insurance in the amount of the purchase price and shall execute warranty deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.
Real Estate Taxes and Assessments: Buyer shall receive a tax credit from seller at closing for the 2025 real estate tax due and payable in 2026 in the amount of: T1: $2,720.12; T2: $2,615.88.
The buyer shall be responsible for paying 100% of the 2025 real estate tax when due.
Survey: A new survey shall not be provided, and the sale is not subject to a survey.
Property will be sold per deeded acre.
Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.
Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the persons credentials, fitness, conduct, etc. All decisions of the auctioneer are final.
Seller: Davis Family Living Trust
