Live & Online Land Auction – 106 Acres – 2 Tracts in McDonough County, IL
Tuesday, November 21, 2023 10:00 amAuction Location:
Macomb V.F.W., 1200 East Jefferson St., Macomb, IL 61455
Seller:
THE McDONALD FARM
Sold at Auction:
Tract 1 – $18,500 per acre
Tract 2 – $15,900 per acre
LIVE & ONLINE
LAND AUCTION
106.00 SURVEYED ACRES – 2 TRACTS
McDONOUGH COUNTY, ILLINOIS
AUCTION VENUE: Macomb V.F.W., 1200 East Jefferson St., Macomb, IL 61455
TUESDAY, NOV. 21, 2023
AT 10 A.M.
PRIME CROPLAND – 142 PI
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 have your lender e-mail this information to adkissonauction@gmail.com.
Online bidders must be registered and approved by the auction firm no later than 1 p.m. on November 20, 2023.
Physical Address: 20120 E. 1400TH Street, Good Hope, IL 61438
The property is located 2.5 miles NE of Good Hope or 8 miles North of Macomb, IL at the intersection of N. 2000th Road and E. 1400th Street. The real estate consists of 106.00 surveyed acres (m/l), located in the Southeast Quarter of Section 20, Walnut Grove Township (T.7N.-R.2W.), McDonough County, IL. The farm will be offered in 2 contiguous tracts by bidder’s choice and privilege.
TRACT 1 – THE NORTH 53.00 ACRES (M/L)
Tract 1 lies level to undulating and is 100% tillable. Primary soil types are highly productive Sable, Osco and Ipava silt loams with a PI rating of 142.3.
TRACT 2 – THE SOUTH 53.00 ACRES (M/L)
Tract 2 is located directly south of Tract 1 and is all tillable with the exception of a small building site improved with a single car garage, a small metal clad storage building and a few trees. The building site could easily be converted to cropland should the new owner desire. Primary soil types are Osco, Sable and Ipava silt loams with a PI rating of 141.6.
TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale. Tract 1 closing on December 21, 2023. Tract 2 closing on January 5, 2024. Buyers will receive full possession at the closings for the 2024 crop year. Title insurance will be provided. The 2023 real estate taxes payable in 2024 will be paid by the seller. The farm is selling with no contingencies. 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: Tracts 1 and 2 will be offered by Bidder’s Choice and Privilege whereby the high bidder in the first auction session shall have the privilege to select either one or both tracts. In the event that one tract is selected the remaining tract will then be sold.
NOTICE: The auction will be conducted both In-Person and Online. Online bidding is powered by Proxibid.