Abingdon American Legion, 546 IL Route 41, Abingdon, IL 61410
EILEEN E. BICE ESTATE
Tract 1 – $14,400 per acre
Tract 2 – $6,250 per acre
Tract 3 – $5,900 per acre
Tract 4 – $5,850 per acre
TRACT 1 – 82.94 ACRES
Tract 1 is located 5 miles south of Galesburg, IL on County Hwy. 25 near the entrance to Lake Bracken, in the South Half of the Southeast Quarter of Section 2, Cedar Township (T.10N.-R.1 E.), Knox County, IL. PIN: 13-02-400-004. Taxes: $3,946.48. The property has frontage on Knox Roads 500E and Knox Hwy. 26. The prime farm is 100% tillable, lies level to undulating and features highly productive Ipava, Osco, Clarksdale and Sable silt loam soils with a PI rating of 140.5.
TRACT 2 – 79.41 ACRES
Tract 2 is located 5 miles south of Galesburg, IL on County Hwy. 25 near Lake Bracken, directly southeast of Tract 1, in the East Half of the Northeast Quarter of Section 11, Cedar Township, (T.10N.-R.1E.), Knox County, IL. PIN: 13-11-200-014. Taxes: $1,144.70. The property has frontage on Knox Roads 500E and Knox Hwy. 26. Tract 2 lies undulating to rolling and presently includes 39 acres +/- of cropland with a PI rating of 117.1. The balance of the acreage features mature timber adjacent to Lake Bracken.
TRACT 3 – 39.40 ACRES
Tract 3 is located 3 miles south of Knoxville, IL on County Hwy. 8 to Knox Road 1000N then east ¼ mile, in the Southeast Quarter of the Southwest Quarter of Section 9, Orange Township (T.10N.-R.2E.), Knox County, IL. PIN: 14-09-300-002. Taxes: $698.76.The tract presently features 15.5 acres +/- of cropland with a PI rating of 121.4. The balance of the acreage includes mature timber, pasture, grassland, seasonal stream and a barn located in the NW corner of the parcel.
TRACT 4 – 92.80 ACRES
Tract 4 is located 5 miles east of Abingdon, IL or ½ mile west of Delong on County Hwy. 5 to Road 700E, 1mile south to Road 600N then 1 mile west, in the Southwest Quarter of Section 31, Orange Township (T.10N.-R.2E.), Knox County, IL. PIN: 14-31-300-001. Taxes: $1,352.00. The parcel presently includes 43.14 acres +/- of terraced cropland with a PI rating of 114.5. The balance of the tract features approx. 50 acres of mature timber and Brush Creek. The area is well known as an excellent habitat for deer, wild turkey and other wildlife.
TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due on or before February 21, 2023. Buyers will receive full possession of all tracts at the closing. Title insurance will be provided. The 2022 real estate taxes payable in 2023 will be paid by the seller. The farm is selling with no contingences. Bidders must have financing arrangements made prior to participating in the auction. 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.
SALE PROCEDURE: Tract 1 will be sold individually. Tracts 2, 3 and 4 will be offered by Bidder’s Choice and Privilege whereby the high bidder shall have the option to select any individual tract, any combination of tracts or all three tracts. In the event that less than all the tracts are selected the remaining tracts will be offered by the same method until all three tracts are sold.
NOTICE: The auction will be conducted both In-Person and Online. Online bidding is powered by Proxibid. Join us at the auction venue or participate from your home or office.