Land Auction – 142.78 Surveyed Acres – 2 Tracts – Warren County, IL

Sold At Auction:

Tract 1 – 81.79 Surveyed Acres – $12,000 Per Acre

Tract 2 – 60.99 Surveyed Acres – $7,350 Per Acre

LAND AUCTION

142.78 SURVEYED ACRES – 2 TRACTS

WARREN COUNTY, ILLINOIS

AUCTION VENUE: Monmouth American Legion, Route 34 & North 11th St., Monmouth, IL.

SATURDAY, JANUARY 19, 2019

AT 10 A.M.


FARM LOCATION: The Legate Farm consists of 142.78 surveyed acres to be offered in 2 tracts located 4 miles north of Galesburg, IL on Route 150 to Moshier Hill Road (#2250N) then 3 miles west or 2 miles west of Rio on Road 2700N to West Knox Road then 4 miles south or 4 miles east of Alexis on 300th Ave. to 160th St., 1 mile south to 290th Ave. then 2 miles east in Sections 1 and 12, Kelly Township (T.12N.-R.1W.), Warren County, Illinois.

TRACT 1 – 81.79 ACRES

Tract 1 is located in the East Half of the Southeast Quarter of Section 1, Kelly Township in Warren County. The parcel lies level to undulating and is all tillable with the exception of a small grass waterway in the southeast corner of the farm. Primary soil types are highly productive  Ipava, Osco, Sable and Rozetta silt loams with a PI rating of 138.2. Tract 1 has frontage on 290th Ave. and on the Warren-Knox County line road. The parcel offers an excellent opportunity to farm operators and investors interested in top quality farmland!  

TRACT 2 – 60.99 ACRES (M/L)

Tract 2 is located on the south side of 290th Ave. directly across the road from Tract 1 and is described as the North 60 acres of the East Half of the Northeast Quarter of Section 12, Kelly Township in Warren County. The parcel lies undulating to rolling and features 47 +/- tillable acres, 2 picturesque ponds, excellent building sites, a 52’x72’ enclosed pole building and a location well known as a premiere wildlife habitat. Primary soil types of the cropland are Clarksdale, Rozetta, Elco and Fayette silt loams with a PI rating of 117.7. Tract 2 is a very desirable multi-use parcel that has been well maintained!

SALE PROCEDURE: Tracts 1 and 2 will be sold individually in order. They will not be offered in combination.

TERMS: Ten percent (10%) of the purchase prices to be paid down at time of sale with balances due on or before February 20, 2019. Full possession will be given at the closing. Title insurance will be provided. The 2018 real estate taxes payable in 2019 will be paid by the seller. All statements and representations herein are believed to be correct, however, the seller and the auctioneers make no warranties or guarantees expressed or implied. Any announcements made on the day of sale will supersede those previously advertised. Van Adkisson Auction Service LLC serves solely as agent for the seller and assumes no liability of any kind with the property being sold. View the full listing online @ www.vanadkisson.com


LEGATE FAMILY FARM

Ronald Legate, Family Representative

Attorney: Marcum Spears – Spears & Spears Law Firm

201 West Broadway, Monmouth, IL 61462– Ph. 309/734-5105

Van Adkisson and Jeff Gregory, Auctioneers

VAN ADKISSON AUCTION LLC

309/426-2000 – www.vanadkisson.com

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