Land Auction – 62 Acres (M/L) – 1 Tract – Knox County, IL

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Land Auction – 62 Acres (M/L) – 1 Tract – Knox County, IL

Fri, December 13, 2019

Auction Location:

Knox Agri Center, 180 South Soangetaha Road, Galesburg, IL

Sold At Auction:

1 Tract – $4,700 Per Acre

LAND AUCTION

62 ACRES (M/L) – 1 TRACT

KNOX COUNTY, ILLINOIS

AUCTION VENUE: Knox Agri Center, 180 S. Soangetaha Road, I74 at East Main Street Exit #48, Galesburg, IL 61401

FRIDAY, DECEMBER 13, 2019

AT 10 A.M.

FARM LOCATION: The Schrader Farm is located on the south edge of Knoxville, IL. The property has road frontage on County Hwy. 8 (South Broad Street) and on Eiker Road.  

PLAT LOCATION: 62 acres, more or less, subject to final survey, located in the South Half of Section 33, Knox Township (T.11N.-R.2E.) and in the Northeast Quarter of Section 4, Orange Township (T.10N-R.2E.), Knox County, Illinois.

DESCRIPTION: The farm lies level to gently rolling and presently includes 30.96 FSA cropland acres. The cropland features 26.76 +/- acres currently being farmed and 4.20 acres in CRP. The CRP is located in the south portion of the farm. The CRP contract terms are: 4.20 acres @ $146.95 per acre = $617 annual payment. The CRP contract expires 09-30-2020. Primary soil types of the cropland are Rozetta and Greenbush silt loams with a PI rating of 115.5. The balance of the acreage features mature timber including red oak, white oak, walnut and hickory as well as a small stream. The area is well known as an excellent wildlife habitat. The property has several attractive building sites and is suitable for development.

TERMS: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due on or before January 15, 2020. Full possession will be given at the closing. Title insurance will be provided. The 2019 real estate taxes payable in 2020 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. The complete listing with maps and color photos is available online @ www.vanadkisson.com and www.biddersandbuyers.com 

KEN AND MARIANA SCHRADER

LAND TRUST 5

Attorney: Dan   Stoerzbach – Stoerzbach Law Office P.C.

2101 Windish Dr. – Galesburg, IL 61401 – Ph. 309/343-5010

Auctioneers: Van Adkisson 309/337-1761 and Jeff Gregory 309/337-5255

VAN ADKISSON AUCTION LLC

309/426-2000 – www.vanadkisson.com