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Richland Co IL 2.76± Acres In 3 Tracts

Date September 1, 2026, 11:00 am (America/Chicago)
Tracts 3
Status Active
Type Live with online bidding
Terms Reserve
Auction Location Parkside Inn & Suites, 367 N West Street, Olney, IL 62450
Documents

About This Auction

Live and Online at Ranchandfarmauctions.com

Auction Date: 09/01/26      Auction Time: 11:00 AM CT

Auction Held At: Parkside Inn & Suites, 367 N West Street, Olney, IL 62450

Property Preview: Scheduled Showings by Appointment

 

Entire Farm Description:

Located in Richland County, Illinois, Ranch & Farm Auctions will offer three outstanding tracts totaling 2.76± acres at East Fork Lake and the Richland Golf Club. This auction presents a rare opportunity to purchase premium recreational and residential property in some of Richland County's most desirable locations. Buyers will have the opportunity to bid on individual tracts, allowing them to purchase the property that best fits their needs.

The featured lakefront offering consists of two adjoining surveyed tracts totaling 1.76± acres and occupies what is arguably one of the premier building locations on East Fork Lake. Positioned on a prominent point, these tracts offer panoramic lake views in both directions with an exceptional setting for a future home or retreat. Opportunities to purchase a property of this size and location on East Fork Lake are extremely limited.

The third tract consists of approximately 1.00± acres and is ideally situated adjacent to the Richland Golf Club. Offering direct golf course access along with road frontage on two sides, this tract provides an excellent homesite while also offering long-term investment and development potential.

East Fork Lake is well known for its boating, fishing, and year-round recreation, while the Richland Golf Club provides one of the area's premier golfing destinations just steps away. Combined with the convenience of being only minutes from shopping, restaurants, and other amenities in Olney, this location offers an outstanding balance of recreation and everyday convenience.

Whether you're looking for an exceptional lakefront homesite, a golf course lot, an investment opportunity, or the flexibility to purchase one or more tracts, this auction presents a unique opportunity to own property in one of the most sought-after areas surrounding East Fork Lake. Individual tract descriptions and property details are provided in the pages that follow.

 

Tract 1 Description:

Tract 1 consists of 0.88± surveyed acres and, in my opinion, represents one of the premier building locations on East Fork Lake. Situated on what I consider to be the most desirable main lake point, this tract offers panoramic views up and down the main lake that are difficult to duplicate. If you've been waiting for the right location to build a permanent residence, weekend getaway, or retirement home, this is one you'll want to see.

The lot offers direct lake frontage with plenty of room to design a custom home while taking full advantage of the exceptional views. Whether your interests include boating, fishing, kayaking, or simply spending time on the water with family and friends, this property places you in the center of everything East Fork Lake has to offer.

Despite its private lakefront setting, the property is located just minutes from Olney, providing convenient access to shopping, restaurants, schools, healthcare, and other everyday amenities. It's a combination that's becoming increasingly difficult to find—premium lake frontage with the convenience of town just a short drive away.

Quality lakefront lots on the main body of East Fork Lake rarely become available, and properties in locations like this are even more uncommon. Whether you're looking to build now or invest in one of the area's most desirable waterfront locations, Tract 1 presents an outstanding opportunity.

 

Tract 2 Description:

Tract 2 also  consists of 0.88± surveyed acres and shares what I consider to be the most desirable main lake point on East Fork Lake. Offering direct lake frontage and the same panoramic views up and down the main lake, this tract provides another outstanding opportunity to build in one of the lake's most sought-after locations. Whether purchased on its own or in combination with Tract 1, opportunities like this rarely become available.

With nearly an acre of lakefront property, there is ample room to design and build a custom home while taking full advantage of the exceptional setting. Whether your interests include boating, fishing, kayaking, or simply enjoying time at the lake with family and friends, this tract offers direct access to everything East Fork Lake is known for.

Located just minutes from Olney, you'll enjoy the privacy of lakefront living without giving up the convenience of nearby shopping, restaurants, healthcare, schools, and other everyday amenities.

Premium building sites on the main body of East Fork Lake are becoming increasingly difficult to find, especially on what I consider to be the lake's premier point. Whether you're planning to build immediately, invest for the future, or purchase both lakefront tracts to create a larger homesite, Tract 2 presents a unique opportunity to own property in one of East Fork Lake's most desirable locations.

 

Tract 3 Description:

Tract 3 consists of approximately 1.00± acres and offers an outstanding opportunity to purchase a premium building lot adjacent to the Richland Golf Club. With direct golf course access and road frontage on two sides, this tract provides an excellent location for a custom home while also offering long-term investment potential.

The level topography and highly desirable location make this property well-suited for a variety of future uses. Whether you're planning to build your primary residence, a retirement home, or are an investor exploring future development opportunities, this tract offers the flexibility that's becoming increasingly difficult to find. The road frontage on two sides creates additional possibilities for subdivision or speculative home construction, subject to local approvals.

Located just minutes from downtown Olney, you'll enjoy the convenience of shopping, restaurants, healthcare, schools, and other everyday amenities while still benefiting from the quiet setting and immediate access to one of the area's premier golf courses.

Quality building lots in locations like this rarely become available. Whether you're looking to build, invest, or develop, Tract 3 presents an outstanding opportunity in one of Richland County's most desirable areas.

 

Tract:   Tracts 1 and 2

Taxes:  $3,928

Possession:     At closing

Survey Needed?:         Survey is complete

Brief Legal:      0.88± acres pt NE NE S26 T4N R10E (1.76± acres for both tracts)

PIDs:    Pt of PID 1-06-26-201-021

Lat/Lon:           38.75805, -88.0635

Zip Code:         62450

 

Tract:   Tract 3

Taxes: $845.38

Possession:     At closing

Survey Needed?:         No survey needed

Brief Legal:      1.01± acres Lot 11 Country Club Estates pt of NE NE S21 T4N R10E

PIDs:    PID 1-06-21-200-024

Lat/Lon:           38.7744, -88.09505

Zip Code:         62450

 

Terms of Sale

  • Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
  • Onsite bidders should bring a government-issued ID
  • 10% down payment immediately after auction - cash, personal, or business checks accepted
  • If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
  • High bidder has 30 days to close unless otherwise noted
  • Announcements on auction day will take precedence over any prior announcements
  • This is a no contingency sale and is not subject to financing or additional inspections
  • Possession at closing, subject to tenant’s rights, if any
  • If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
  • All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

SALE DAY NOTES INFO:

  • BUYERS PREMIUM: No buyer's premium or internet fees
  • TAXES: Prorated to the date of close
  • TENANCY: At closing 
  • RENTS: None
  • MINERALS: Mineral rights will be passed to the buyer if any
  • CLOSING COSTS: Seller to provide title search and title insurance, balance split 50/50

 

Licensing

WHITETAIL PROPERTIES REAL ESTATE LLC DBA RANCH & FARM AUCTIONS

115 West Washington, Ste 900, Pittsfield, IL 62363

Debbie S. Laux, Designated Managing Broker, License # 471.018541

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

Josh Malone, Illinois Land Specialist, Whitetail Properties Real Estate, LLC, 618.292.9183

Cody Lowderman, IL Auctioneer, 441.001255

 

Documents


Josh Malone
Representing Land Specialist
Josh Malone

Whitetail Properties Real Estate

Tracts in This Auction
Active Tract 1 of 3
Tract 1 of 3

More Info

Active Tract 2 of 3
Tract 2 of 3

More Info

Active Tract 3 of 3
Tract 3 of 3

More Info

Real Estate Auction Terms and Conditions

Thank you for participating in this auction. Please familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!

Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read and agree to the terms and conditions. By bidding you are representing that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card or paddle number and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder. The successful bidder will be required to execute a Sales Agreement at the conclusion of the auction and submit the appropriate down payment in a timely manner as instructed by the Auctioneer.

All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. The Broker and Auction Company represent the seller only and do not inspect properties on the bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(ies). By bidding you agree to all disclosures.

Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quitclaim Bill of Sale unless otherwise noted in the Disclosures). The current year's taxes are prorated through the day of closing as is customary unless otherwise noted or announced on sale day.

Or in abstract states, the seller shall provide a continuation of the abstract of title thru the date of sale for the buyer or buyers attorney to examine.

The sale of this property may be subject to a Buyer's Premium, which will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.

Tracts sold by the acre - The contract will indicate the current acreage, bid per acre and the high bid will be the current acreage multiplied by the high bid per acre. If a survey is required prior to closing that would result in a change to acreage, the contract will be adjusted to that acreage prior to closing and the purchase price will reflect that change in acreage.

If a survey is required, it is typically done immediately following the auction. The per acre bid at auction will then be multiplied by actual surveyed acres to determine the final sales price at closing. The purchase agreement and sales day announcements will identify the party responsible for survey cost.

Each high bidder must sign a purchase agreement and make a 10% non-refundable deposit immediately following the auction to the designated Title Company or escrow agent noted on the Purchase Agreement. Cash, wire transfers, cashier's checks, personal checks and business checks (electronically processed) are accepted. For online only auctions, wire transfers are the preferred method for deposits. Wire instructions will be sent from the escrow agent or title company at the conclusion of the auction or the next day. The balance of the purchase price and all closing costs are due within 30 days unless otherwise noted or announced.

Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or reschedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding happens quickly. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

For online only sales, click the “Bid Now” button to enter your bid. Be sure to create an account and sign in early so you do not miss the opportunity to bid. You can also enter a maximum bid to allow for bids to be increased by the noted increments up to your high bid. If you cannot log in, feel free to call (217) 922-0811 to reach customer service to register and bid by phone.

Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

All auctions are subject to court or seller approval unless otherwise noted as “Absolute”. Most sales are approved within 2 business days. Buyers are not allowed possession until closing and filing of the deed, at which time the property should be re-keyed if required. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.

If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are outbid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

Ranch & Farms Auctions, LLC, Whitetail Properties Real Estate, LLC and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of any and all disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

The information contained within is believed to be accurate, but Seller and Auction Company do not warrant any information contained within the description. All lines on maps are approximate and buyers should verify the information. All stated measurements including but not limited to acreage, sq footage, map dimensions, and/or sketches are stated for marketing purpose only unless it is stated that the measurements are verified by an independent surveyor or other source. All measurements shall be assumed to be approximate or more/less and obtained from sources to be considered reliable such as: government tax records, mapping software, assessor’s office records or FSA maps. Legal descriptions may be subject to existing fence/field boundaries. No warranty is expressed or implied as to the exact acreages of property. The purchase price based on these measurements entered on the purchase agreement is final unless buyer and seller have agreed otherwise in writing prior to signing. If exact acreage or square footage is a concern, the Property should be independently measured.

All sale day announcements will take precedence over any and all prior advertising or announcements.

Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details. Be advised, not all auctions offer a Buyer Broker Participation Fee.

Disclaimer: Online Bidding

Please review the following disclaimer regarding online bidding for our auctions:

Internet Service: Bidder acknowledges that Auction Company, auctioneer, broker, or any other party involved cannot be held responsible for any issues related to internet service before or during the auction.

Auction Company, auctioneer, and broker do not guarantee the seamless transmission or receipt of bids placed online in a timely fashion.

Delays and Failures: Bidders should be aware that internet bidding is prone to delays and potential failures that are beyond the control of the auction company. Bidder acknowledges and agrees that

Auction Company, auctioneer, and broker cannot be held liable for any interruptions or disruptions during the online bidding process.

Auction Suspension or Cancellation: The Company reserves the sole discretion to suspend, postpone, or cancel the auction if the internet service is unstable or disrupts the online portion of the event. Such decisions will be made in the best interest of all participants.

Auctioneer's Discretion: The auctioneer has the sole discretion to accept or refuse any bid. The Auction Company, auctioneer, and broker may also change the sale order, regroup items, or modify the auction as needed, without prior notice.

Timely Bidding: Online bidders are encouraged to use the max bid feature and place their bids in a timely fashion. Waiting until the last minute to place a bid may result in the auctioneer recognizing another high bidder because your bid may not instantaneously show up.

By participating in the online bidding process, you agree to the terms outlined in this disclaimer. You release Auction Company, auctioneer, broker, and their employees from any claims, losses, or damages resulting from interruptions, disruptions, or failures related to online bidding.

Please carefully review and understand the terms and conditions provided by the auction company before participating in the online bidding process.