Auction Information
Productive Tillable Farm In McLean Co, IL
Live and Online at Ranchandfarmauctions.com
Auction Date: 01/09/2024 Auction Time: 10:00 AM
Auction Location: Saybrook Community Center, 204 State St., Saybrook, IL 61770
Entire Farm Description:
This productive tillable farm is located approximately 4 miles North of Saybrook off of East 1400 N Road. The soil types are primarily made of Saybrook silt loam, Drummer and Elpaso silty clay loam and Lisbon silt loam and carries an Avg Productivity Index (P.I.) of 129.4. The 2023 corn crop yielded an impressive 220+ bu/Acre! The property has 10 years left on a wind turbine lease that provides a good additional annual income. This farm is ideal for the investor looking to add productive tillable land to their portfolio or would make a great addition to an existing farming operation!
Deeded Acres: 73+/- acres
FSA Farmland Acres: 73+/- acres
Soil Types: Saybrook silt loam, Drummer and Elpaso sil...
Soil Types: Saybrook silt loam, Drummer and Elpaso silty clay and Lisbon silt loam
Soil PI/NCCPI/CSR2: 129.4 Avg. P.I rating
Taxes: TBD
Lease Status: Open Tenancy for 2024 crop year
Possession: Immediate possession subject to current tenant's rights for 2023
Survey needed?: No survey needed
Brief Legal: E NW S5 T23N R6E
PIDs: Part of PIN: #25-050100-003
Lat/Lon: 40.4808, -88.5477
Property Features:
- Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
- Onsite bidders should bring a government-issued ID
- 10% down payment immediately after auction - cash, personal, or business checks accepted
- If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
- High bidder has 30 days to close unless otherwise noted
- Announcements on auction day will take precedence over any prior announcements
- This is a no contingency sale and is not subject to financing or additional inspections
- Possession at closing, subject to tenant’s rights, if any
- If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
- All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments
- Highly productive soils with a 129.4 P.I Rating
- Wind turbine lease providing $7,600 annual income
- Very well maintained
- Great access
- 220+ Bu/Acre on the 2023 corn crop
- Open tenancy rights for 2024
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