Shelby Co IL 181± Acres In 3 Tracts

Date August 2, 2023, 3:00 pm (America/Chicago)
Tracts 3
Status Sold
Type Live with online bidding
Terms Reserve
Auction Location Holiday Inn Express, 21 Mattes Avenue, Vandalia, IL 62471
Interactive Map

About This Auction

AUCTION – Live and Online at Ranchandfarmauctions.com

                  Auction Date: 08/02/2023

                  Auction Time: 3:00 PM

                  Auction Location: Holiday Inn Express, 21 Mattes Avenue, Vandalia, IL 62471

 

Entire Farm Description:

Welcome to the highly anticipated real estate auction for a diverse investment property near Lake Shelbyville . This exceptional property offers several opportunities and potential for investors seeking a lucrative venture. Let's explore the remarkable features that make this property a truly exceptional investment.  

Located across this property, you will find a variety of enticing elements. With approximately 55 acres of remaining tillable land currently being farmed on shares for an average $24,000 in annual income. The Farm tenant has expressed interest in continuing operations. Within the property are 8 acres in timber, adding both aesthetic value as well as hunting opportunities. For those considering building on the property, there are three potential build sites, each offering a unique vantage point and scenic views. Whether you envision constructing your dream home, establishing a retreat center, or developing vacation cabins, the possibilities are endless. In addition to the above features, an older pole building is situated on the property, providing storage or workshop space for various purposes. This structure adds versatility and functionality to the investment, allowing for immediate use or potential renovation. Multiple ponds dot the landscape, providing a serene and tranquil setting for fishing and outdoor enthusiasts. The vast acreage also lends itself to a multitude of recreational activities. Adventurers can explore the property's extensive trails, perfect for hiking, camping, or embarking on thrilling ATV or bike rides, offering endless opportunities for discovery and appreciation.

One of the notable features of this investment property is an active rock quarry. With an estimated income potential of $100,000 to $125,000, this quarry presents a profitable opportunity for those interested in the mining industry. The remaining resources hold substantial value and offer a solid return on investment. Furthermore, the current owner has received an offer to install wind turbines on the property, adding another significant source of income. This potential venture can substantially boost the property's profitability.

In summary, this diverse investment property offers a range of lucrative opportunities and captivating features. From tillable land and timber resources to building sites and recreational amenities, this property caters to a multitude of investment strategies. The tillable income, active rock quarry and the potential for wind turbines further enhance its income-generating potential. Don't miss this chance to acquire a truly exceptional and profitable piece of real estate. Join us at the auction and seize this golden opportunity to secure your future success. Please reach out to land specialist Josh Malone with any questions or for additional quarry and wind turbine details on this property 

       1 hour East of Metro East STL

       Paved Road access

       15 minutes from Lake Shelbyville

       Building sites

       Ponds

       Creek

       timber

       55+/- acres tillable 

       Lat/Lon: 38.28791, -88.69942

       PID: 3192500200001

       Brief Legal: Part NE and NW ¼ S25 T10N R4E in Shelby County

       Taxes: $7600

 

Tract 1 Description: 31+/- acres

This tract consists of mostly tillable land, providing ample space for agricultural pursuits. The fertile soil and favorable conditions create a promising environment for various crops or farming operations. Whether you're interested in cultivating crops, establishing a sustainable farm, looking for a place to build, hunting or any other outdoor activities, possibilities are abundant. 

For those with a passion for hunting, this property presents a prime opportunity. The diverse landscape, featuring a mix of open fields and wooded areas, provides an ideal habitat for a variety of game species. Whether you're an avid deer hunter, bird enthusiast, or enjoy tracking small game, this property offers ample opportunities for outdoor pursuits. In addition to the agricultural and hunting potential, this property also boasts exciting building opportunities. With ample acreage available, you have the freedom to design and construct your ideal home or retreat. 

       23.45+/-  income producing tillable acres

       Possible Build sites

       Small Creek

       Natural Travel Corridor for deer with excellent deer sign

       Not subject to Quarry activities

 

Tract 2 Description 10 +/- acres :

A prime build site offering the perfect balance of privacy, natural beauty, and versatility. This exceptional property boasts a serene location, with trees on both sides creating a sense of seclusion, open tillable acres, and a 1 ½ acre  pond

Situated on this property is an excellent build site that has been thoughtfully positioned to offer maximum privacy and tranquility. Towering trees on both sides of the site create a natural barrier, shielding your future home from prying eyes and ensuring a serene living environment. Enjoy the peace and quiet provided by this secluded haven, where you can create your own personal oasis.

In addition to privacy, the surrounding trees add a touch of natural beauty and enhance the overall aesthetics of the property. The build site also features open tillable acres, providing space for various uses and opportunities. Whether you envision starting your own hobby farm, establishing a vibrant garden, Food plots and warm season grasses to enhance your hunting experiences or simply enjoying the open space, these tillable acres offer endless possibilities.

       1 hrs East of Metro East STL, 15 minutes Southeast of Vandalia

       Build site

       Pond

       Well maintained open acres

       Some tillable acres

       Not subject to quarry activities 

 

Tract 3 Description 140 +/- acres

 Located across this property, you will find a variety of investment opportunities. This tract has approximately 30 remaining income producing tillable acres. In addition, with an estimated income potential of $100,000 to $125,000, this quarry presents a profitable opportunity for those interested in the mining industry. The remaining resources hold substantial value and offer a solid return on investment. Furthermore, the current owner has received an offer to install wind turbines on the property, adding another significant source of income if so desired. This offer can be reviewed on request. Multiple ponds dot the landscape, providing a serene and tranquil setting for fishing and outdoor enthusiasts. These ponds will finish filling up once mining has completed as the quarry continues to keep the water table pumped down for operations. Once the mining is complete on this tract, there is an agreement in place with the Brush Creek and the IDNR that ensures it will  be reclaimed and placed back to it natural state as much as possible, allowing vegetation and trees to once again fill the landscape, in my opinion enhancing the value of the property even more.  The vast acreage currently lends itself to a multitude of recreational activities. Adventurers can explore the property, perfect for hiking, camping, hunting or embarking on thrilling ATV or bike rides, offering endless opportunities for discovery and appreciation. 

       Great Build site

       Older pole building

       several ponds

       internal road system 

       Thick cover to hold deer and other upland game

       Income producing quarry

       approximately 30 acres tillable

       potential wind turbine income

       Quarry income 

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

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

Adam Crumrin, Illinois Land Specialist, Whitetail Properties Real Estate, LLC, 217.276.2334

Cody Lowderman, IL Auctioneer, 441.001255

 

Representing Land Specialist
Adam Crumrin

Whitetail Properties Real Estate

Representing Land Specialist
Josh Malone

Whitetail Properties Real Estate

Tracts in This Auction

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.

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RANCH AND FARM AUCTIONS TERMS & CONDITIONS & PRIVACY POLICY

The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.

COOPERATING BROKER COMPENSATION: Please contact Listing Agent/Broker for terms of cooperating Buyer Broker compensation. Terms of compensation, if any, shall be ascertained by cooperating brokers before beginning efforts to accept the offer of cooperation. Buyer’s Agents/Brokers must be identified, by Buyers and/or their Brokers/Agents, on the first contact with Listing Broker/Agents to receive compensation. Otherwise, compensation will be at the sole discretion of the Seller, Broker, and Ranch & Farm Auctions, LLC.

Real Estate Commissions and Cooperating Broker Compensation, if any, are fully negotiable and is not fixed or controlled by law, by Ranch & Farm Auctions, LLC (or any division/trade name/DBA of), or its Agents/Brokers.

Ranch & Farm Auctions, LLC, its Brokers/Agents does not assume liability for typographical errors, misprints, nor for misinformation that may have been given to us. All property is subject to change, withdrawal, or prior sale. Whitetail Properties Real Estate, LLC DBA Whitetail Properties. In the States of Nebraska & North Dakota DBA Whitetail Trophy Properties Real Estate LLC. Licensed in PA – Jack Brown, Broker. Licensed in CO, MN, ND, SD, & WI - Jeff Evans, Broker. Licensed in KS, FL, MO, - Jefferson Kirk Gilbert, Broker. Licensed in TX - Joey Bellington, Broker. Licensed in IN - Dan Bates, Broker. Licensed in AL, GA, LA, & MS - Sybil Stewart, Broker. Licensed in TN - Tim Burnette, Broker. Licensed in TN, MS – Josh Monk, Broker. Licensed in MS – Todd Edwards, Broker. Licensed in AR - Anthony Chrisco, Broker. Licensed in NC, SC, VA - Chip Camp, Broker. Licensed in IA, NC - Richard F. Baugh, Broker. Licensed in MI - Ronald Strong, Broker. Licensed in IL - Ronnie Strong, Broker. Licensed in IL, MD, WV - Debbie S. Laux, Broker. Licensed in ID, MT, OR, UT, WA, & WY - Aaron Milliken, Broker. Licensed in NY - John Myers, Real Estate Broker. Licensed in OK - Dean Anderson, Broker. Licensed in KY, ME, NH & NM - Derek Fisher, Broker. Licensed in OH - Jeremy Schaefer, Broker. Licensed in NE - Jason Schendt, Broker.

Ranch & Farm Auctions, LLC a division/trade name/DBA of Whitetail Properties Real Estate, LLC. Whitetail Properties Real Estate, LLC DBA Ranch & Farm Auctions in the States of AR, AL, FL, GA, IL, MI, MN. Ranch & Farm Auctions, LLC a trade name of Whitetail Properties Real Estate, LLC in the states of CO, IA, NE, ND, OK, WI. Whitetail Properties Ranch & Farm Auctions a trade name of Whitetail Properties Real Estate, LLC in OH. Ranch & Farm Auctions, LLC. Licensed in PA – Monte Lowderman, Auctioneer of Record. Licensed in ID, MT - Aaron Milliken, Broker. Licensed in IN - Dan Bates Broker. Licensed in KS-Jefferson Kirk Gilbert-Broker. Licensed in MO – Joseph Gizdic, Broker. Licensed in KY, WV - Debbie S Laux, Broker. Licensed in SD & NE - Jason Schendt, Broker. Licensed in TN - Jeff Evans, Broker. Licensed in UT - Sybil Stewart, Broker. Licensed in IA - Richard F. Baugh. Licensed in TX – Joey Bellington, Broker. Licensed in NC, VA – Chip Camp, Broker.

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