Land Auction – 173.55 Surveyed Acres – 3 Tracts in Knox County, IL
Saturday, February 13, 2021 1:00 pmAuction Location:
Knox Agri Center, 180 S. Soangetaha Road, Galesburg, IL 61401
Seller:
MARY P. STAITE TRUST
Sold At Auction:
Tract 1 – $7,000 Per Acre
Tract 2 – $5,325 Per Acre
Tract 3 – $5,500 Per Acre
LAND AUCTION
173.55 SURVEYED ACRES – 3 TRACTS
KNOX COUNTY, ILLINOIS
AUCTION VENUE: Knox Agri Center, 180 S. Soangetaha Road, Galesburg, IL 61401
SATURDAY, FEBRUARY 13, 2021 AT 1 P.M.
COVID- 19 INFORMATION: Seating will be arranged for social distancing. Masks will be required for all attendees and provided if needed. Prospective bidders who are uncomfortable in attending may contact Van Adkisson or Jeff Gregory to arrange phone bidding.
CROPLAND – INCOME PRODUCING CRP – BUILDING SITES
MATURE TIMBER – PREMIERE HUNTING & RECREATION
EXCELLENT LOCATION NEAR LAKE BRACKEN!
LOCATION: 1000 Macomb Road, Galesburg, IL 61401. 174.33 surveyed acres to be offered in 3 tracts located 4.5 miles Northeast of Abingdon or 6 miles Southeast of Galesburg in Sections 13 & 14, Cedar Township, (T.10N.-R.1E.) Knox County, IL. The tracts have unrestricted access along Macomb Road ½ mile south of Lake Bracken.
TRACT 1 – 51.13 ACRES
Tract 1 lies level to gently rolling and presently consists of 46.71 total acres of FSA cropland. Primary soil types of the cropland are Rozetta and Keomah silt loams with a PI rating of 118.9 The tillable acres include 32.04 acres of cropland, 7.52 acres of existing CRP and 7.15 acres of new CRP to be seeded by the new owner this spring. Both the existing and new CRP acres are enrolled in a 10 year contract through Sept. 30, 2030. The annual CRP payment rate for both existing and new CRP is $207 per acre. The seller will cooperate with the new owner should the new owner desire to withdraw from the CRP contracts. The balance of the acreage consists of timber.
TRACT 2 – 40.32 ACRES
Tract 2 is contiguous to Tract 1, lies level to gently rolling and presently consists of 24.84 total acres of FSA cropland. Primary soil type of the cropland is Rozetta silt loam with a PI rating of 118.5. The tillable acres include 15.64 acres of cropland, 2.44 acres of existing CRP and 6.76 acres of new CRP to be seeded by the new owner this spring. Both the existing and new CRP acres are enrolled in a 10 year contract through Sept. 30, 2030. The annual CRP payment rate for both existing and new CRP is $207 per acre. The seller will cooperate with the new owner should the new owner desire to withdraw from the CRP contracts. The balance of the acreage consists of timber and wildlife habitat. Improvements: 2 grain bins.
TRACT 3 – 82.10 ACRES
Tract 3 lies level to rolling and presently consists of 39.39 total acres of FSA cropland. Primary soil type of the cropland is Rozetta silt loam with a PI rating of 116.3. The tillable acres include 31.64 acres of cropland, 3.13 acres of existing CRP and 4.62 acres of new CRP to be seeded by the new owner this spring. Both the existing and new CRP acres are enrolled in a 10 year contract through Sept. 30, 2030. The annual CRP payment rate for both existing and new CRP is $207 per acre. The seller will cooperate with the new owner should the new owner desire to withdraw from the CRP contracts. The balance of the acreage consists of timber and wildlife habitat.
SALE PROCEDURE: Tracts 1, 2 and 3 will be offered by bidder’s choice whereby the high bidder has the privilege of selecting any individual tract, any combination of tracts or all three tracts. Bidders Choice and privilege will continue until all three tracts are sold.
TERMS OF SALE: Ten percent (10%) of the purchase prices to be paid down at time of sale with balance due at closing on or before March 16, 2021. Buyers will receive full possession at the closing. Title insurance will be provided. The 2020 real estate taxes payable in 2021 will be paid by the sellers. All statements and representations herein are believed to be correct, however, the sellers 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.