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Call Stephanie Spiros:
217.304.0404
Call Travis Selby:
217.304.1686
Serving
Illinois & Indiana

Call Stephanie Spiros: 217.304.0404

Call Travis Selby: 217.304.1686

Auction, +/- 160 Acres, Stockland TWP. Iroquois County, IL. OCT 28th

Property Details

  • Price:AUCTION OCT 28th
  • Acres:160
  • Status:Available
  • Type:Farms, Land Auctions
  • Zip:60953
  • Price Per Acre:n/a
  • City:Stockland
  • State:Illinois
  • County:Iroquois

Travis Selby

Illinois and Indiana Land Specialist, Broker and Auctioneer Phone:
217.304.1686
Email:
travis@agexchange.com
Read More

Property Description

FARMLAND AUCTION
+/- 240 Acres, 2 Tracts, Iroquois County IL.
10 AM, October 28th

Auction will be held at the Town and Country Event Center
35 E Jones St, Milford, IL 60953
10:00 AM October 28th

Stockland TWP. Iroquois County, IL.
Highly Productive Soils
Excellent Farmland Investment Opportunity

Tracts are located just east of Stockland, IL. Look for signs.

Tracts will not be offered in combination.

T1: +/- 160 Acres in total, primarily all tillable, +/- 131.5 PI.
Highly productive Milford, Lisbond and Andres Soils.
SW quarter of section 14, T25N R11W Stockland TWP. Iroquois County, IL.
Tax Parcel 34-14-300-001(160 Acres); 2020 Real Estate Tax payable 2021: $5,823.76

T2: +/- 80 Acres in total, +/- 79.58 tillable acres, 129.6 PI.
Highly productive Milford, and Lisbond Soils.
E half of the SW quarter of sections 25, T25N R11W Stockland TWP. Iroquois County, IL.
Tax Parcel 34-25-300-002 (80 Acres); 2020 Real Estate Tax payable 2021: $2,893.94

Contact Auctioneer Travis Selby 217.304.1686 IL Lic.# 441001485
Managing Broker Stephanie Spiros 217.304.0404

Auction terms and conditions
Procedure:
The property will be offered in two individual tracts. Tracts will not be offered in combination.

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 34 days after auction day, or as soon thereafter as applicable closing documents are completed. Anticipated closing date is on or before December 1st, 2021.

Possession: Possession will be given at closing, subject to the 2021 crop.
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: Seller will assume and pay all 2021 real estate property taxes payable in 2022.
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.
Sellers: Larry J Leamy, Donna R Leamy, Timothy A Leamy and David E Leamy

Useful Documents

Property Map / Directions

Tracts are located east of Stockland, IL. Look for signs. T1: +/- 160 Acres located in the SW quarter of section 14, T25N R11W Stockland TWP. Iroquois County, IL. T2: +/- 80 Acres located in the E half of the SW quarter of sections 25, T25N R11W Stockland TWP. Iroquois County, IL.

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