Monmouth American Legion, Route 34 & North 11th Street, Monmouth, IL
BRYCE B. AND NICOLE M. BULMAN
Tract A – $6,150 Per Acre
Tract B – $3,400 Per Acre
Tract C – $5,000 Per Acre
FARM LOCATION: The Bulman Farm is located 4 miles south of Cameron, IL on County Road 15 (140th St.), being 11 miles SE of Monmouth or 12 miles SW of Galesburg, in Section 21, Floyd Township (T.10N.-R.1W.), Warren County, Illinois. The property will be offered in 3 contiguous tracts.
TRACT A: 80.32 ACRES
Tract A lies level to gently rolling and presently features 58.74 (m/l) cropland acres. The balance of the parcel consists of fenced pasture, creek providing an ample water supply, feed lot and a 45’x100’ cattle building. Primary soil types of the cropland are Osco and Assumption silt loams with a PI rating of 130.2. Tract A has frontage on 140th Street. The seller will provide a credit to the buyer of $5000 at the closing. The credit is offered to help offset the buyer’s cost to install a creek crossing in the small stream that runs between the west tillable field located on 140th Street and the cropland, fenced pasture and cattle building on the east side of the stream.
TRACT B: 37.72 ACRES
Tract B lies undulating to rolling and presently consists of excellent fenced pasture featuring a creek providing an ample water supply and concrete feed pads. There is an established lane owned by Tract B along the outside of both the south and west fence lines. The lane provides access to the feed pads and to view the pasture. The parcel has frontage on both 140th Street and 140th Avenue.
TRACT C: 36.64 ACRES
Tract C lies undulating to gently rolling and presently consists of 23 (m/l) cropland acres. The balance of the parcel includes an established building site with electric service, very nice small pond and grass waterways. Several acres of the former building site could be converted to cropland should the new owner desire. Primary soil types of the cropland are Osco and Assumption silt loams with a PI rating of 118.6. The parcel has frontage on 140th Ave.
NOTE: The survey has confirmed that Tracts B and C are connected by a 40.5’ wide strip of land that is included in Tract C. The lane runs from the NW corner of main portion of Tract C directly west to the NE corner of Tract B.
SALE PROCEDURE: Tracts A, B and C 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 April 27, 2021. Buyers will receive full possession for the 2021 crop year. 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.
Auctioneers: Van Adkisson (309)337-1761 and Jeff Gregory (309)337-5255.