Live & Online Land Auction – 375.07 Acres – 5 Tracts in Warren County, IL
Thursday, September 14, 2023 10:00 amAuction Location:
Roseville Community Center, 265 West Penn Ave., Roseville, IL 61473
Seller:
STICE LAND, INC.
Sold at Auction:
Tract 1 – $23,200 per acre
Tract 2 – $23,200 per acre
Tract 3 – $22,300 per acre
Tract 4 – $22,400 per acre
Tract 5 – $22,400 per acre
LIVE & ONLINE
LAND AUCTION
PRIME FARMLAND
375.07 ACRES – 5 TRACTS
WARREN COUNTY, ILLINOIS
AUCTION VENUE: Roseville Community Center, 265 West Penn Ave., Roseville, IL 61473
THURSDAY, SEPTEMBER 14, 2023
AT 10 A.M.
CLICK HERE TO BID ONLINE
** PLEASE TAKE NOTICE **
You are required to provide a bank reference before being accepted to participate in this auction online. Please contact the auction company with this information – Heather Gregory (309)337-2217 / hmg@vhtmail.net
Online bidders must be registered and approved by the auction firm no later than 1 p.m. on September 13, 2023.
The farms are generally located in Western Illinois, north of Macomb or south of Roseville near the Warren-McDonough County line.
TRACTS 1, 2 & 3 – 243.74 TOTAL ACRES
Farm Location: 5 miles south of Roseville or 15 miles north of Macomb on Route 67. The property is located on the east side of the highway. The farm has frontage along Route 67, 20th Ave. and 65th Street.
Plat Location: Tracts 1, 2 and 3 are contiguous and are located in the West Half of Section 30, Swan Township (T.8N.-R.2W.), Warren County, Illinois.
Description: The tracts lie level to undulating and feature highly productive Class A Ipava, Sable and Osco silt loam soils. The farm has been tiled in recent years.
Tract 1: The North 81.74 Acres – The parcel is all tillable with the exception of the building site. Improvements include a Morton 60’x90’ machine shed, Brock 20,000 bu. grain dryer bin and 2 Conrad 10,000 bu. storage bins. Access to the building site is provided by an easement through the existing driveway. PI rating – 141.8. The Morton Building received damage from the June 29, 2023 storm. Stice Land, Inc. received an insurance settlement of $58,741.55 to repair the building. The repairs will not be possible prior to the closing date. Therefore the sellers shall credit the amount of $58,741.55 to the buyer(s) of Tract 1 at the closing. There is no further depreciation payment available from the seller’s insurance company. The credit is the final payment given to the new owner(s) free and clear. The new owner(s) can use the money to repair the building as they see fit. The building is currently usable. Please contact Van Adkisson for further information.
Tract 2: The Center 81.00 Acres – Tract 2 is 100% tillable. PI rating – 140.8.
Tract 3: The South 81.00 Acres – The parcel is all tillable with the exception of 3.5 acres (m/l) of well-maintained grass waterways. PI rating – 139.1
TRACT 3 – 2017 PATTERN TILE MAP
TRACTS 4 & 5 – 131.33 TOTAL ACRES
Farm Location: 5 miles south of Roseville or 15 miles north of Macomb on Route 67 to 20th Ave. (County Road 19), 1 mile east to 70th Street then 1 mile south. Tract 4 has frontage on 70th Street. Tract 5 has frontage on 10th Ave.
Plat Location: Tracts 4 and 5 are contiguous and are located in the Southwest Quarter of Section 29, Swan Township (T.8N.-R.2W.), Warren County, Illinois.
Description: The tracts lie undulating to gently rolling. Primary soil types are highly productive Class A Ipava and Osco silt loams.
Tract 4: The North 86.59 Acres –The parcel is mostly all tillable with the exception of 4.5 acres (m/l) of well-maintained grass waterways located in the northeast section of the farm. PI rating – 138.8.
Tract 5: The South 44.74 Acres – Tract 5 is all tillable. PI rating – 137.7.
SALE PROCEDURE: Tracts 1, 2, 3, 4 and 5 will be offered by bidder’s choice whereby the high bidder in the first auction session has the privilege of selecting any individual tract, any combination of tracts or all 5 tracts. In the event less than all 5 tracts are selected in the first session, the remaining tracts will be offered by the same method until all five 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 October 25, 2023. Possession: Tract 1 – Buyer will receive full possession of the cropland following the harvest of the 2023 crop. Possession of the grain bins and machine shed will be delivered on December 31, 2023. Tracts 2, 3, 4, and 5 – Buyers will receive full possession following the harvest of the 2023 crop. Title insurance will be provided. The 2023 real estate taxes payable in 2024 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. The real estate is selling with no contingences. Bidders must have financing arrangements made prior to participating in the auction. Van Adkisson Auction Service LLC serves solely as agent for the sellers and assumes no liability of any kind with the property being sold.
AUCTION NOTE: This is an outstanding offering of well-maintained Class A farmland that has been owned by the same family for several generations. The auction offers a great opportunity to farm operators and investors interested in acquiring top quality Western Illinois cropland!
SPECIAL 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. Contact the auction firm for further details. Online bidders must be registered and approved by the auction firm no later than 1 p.m. on September 13, 2023.