Illinois Farmland For Sale

Sangamon County 

We are honored to present these 903.79 +/-acre tracts of land in Sangamon County. 

These properties boast high production, great investment, and easy farming. The Auction is composed of seven tracts of land totaling 903.79 acres, more or less.

Highlights:

• High PI
• Great Investment Potential
• High Productivity

Location of Land (Directions to the farm): 
Tract 1: Travel east from Panora, IA on Hwy 44 for 7 miles. Then go north on D Ave (P45) 1.85 miles.  The farm is located on the east side of the road.  
Tract 2: Travel south from Dallas Center, IA on R Ave for 1.25 miles. Then go west on 260th .85 miles.  The farm is located on the north side of the road.

Location of Auction:
River Valley Golf Course  22927 Valley View Trail Adel, Iowa 50003 on April 26 at 10 am
 
Legal Description:

Tract 1: - W 1/2 NW1/4 of Sec 27, Twp 80N Range 29W
Dallas County Iowa 

Tract 2: - W1/2 SE1/4 of Sec 10, Twp 79N, Range 27W,
Dallas County, Iowa

Selling Multiplier: 160 +/- 
Tract 1:  80 +/- acres
Tract 2:  80 +/- acres

Taxable Acres: 75.05
Tract 1 (Parcel ID #'s: 0527100001, 0527100003)
Tract 2 (Parcel ID #'s: 1110400003, 1110400001)

Taxes: $4,672.00 Estimated

Tillable Acres: 151.44 +/- acres (Surety Maps)
Tract 1:  74.82 +/- acres
Tract 2:  76.62 +/- acres

CSR2: 87.75 Average
Tract 1:  87.9 CSR2
Tract 2:  87.6 CSR2

Zoning: A-1 Ag

Farm Tenancy:  The farm is currently rented for the 2022 crop season.  The 2022 cash rent will be credited to the buyer.

Tract 1:  $22,500 rental income
Tract 2:  $22,500 rental income

Government Programs:
Buyer will receive landowner’s share, if any, of annual government payments for the 2022 crop year. Payments for subsequent years will go to the Buyer.

Buyer will receive landowner’s share, if any, of conservation program (CRP) payments for the 2022 crop year. Payments for subsequent years will go to the Buyer.

FSA Information (156 Farm Record):  
*Found in the documents tab

FSA Number: # 7505

FSA Tract Number: 1707

FSA Farmland Acres:  74.3 +/-

FSA Cropland Acres:  74.3 +/-

HEL & WETLANDS:  NHEL

Total Base Acres:  74.3

   Corn Base:  72.3    PLC Yield:  164
   Bean Base:   2.0     PLC Yield:  46
   

Auction Sales Method: The real estate will be offered as 7 tract(s) utilizing the high bidder's choice.

Survey:  At the buyer's option and expense, they can have the property surveyed if desired. The final contract price will not be adjusted to reflect any difference between the advertised and actual surveyed acres.

Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). 

Zoning:  Property is classified as Agricultural.

Taxes: The real estate taxes will be pro-rated to the day of closing. 

Contract and Title: Immediately upon the conclusion of the bidding, the high bidder(s) will enter into a real estate contract and the earnest money will be deposited in the Real Estate Trust Account of the Seller's attorney. The Seller will provide a current abstract of title at their expense. The Seller reserves the right to reject any and all bids. 

Earnest Payment:  Earnest money in the amount of ten (10%) percent of the contract price shall be due with the acceptance of the offer. The payment may be in the form of a cashier’s check, personal check, company check, or wired funds.  Earnest money will be deposited in the Real Estate Trust Account of the Seller's attorney.

Closing: The sale closing is on May 15th, 2023 or such other date agreed to by both parties. Certified funds will be required at the time of closing for the remaining balance of the purchase. The balance shall be paid in the form of certified funds upon closing.

Possession: Possession will be granted at closing, or such other date agreed to by both parties.

Agency: Tucker Wood and Associcates are representing the seller exclusively in this transaction. Tucker Wood acts as the Auctioneer and Auction Company. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.

Notice: All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. This sale is subject to all easements, covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. All bids will be on a whole dollar amount basis. Seller reserves the right to reject any and all bids. Any announcements made auction day by the auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the auctioneer. All decisions of the auctioneer are final.

Seller(s):  McNaught Farms Inc.

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