Farmstead With Tillable, Hay, Timber And Hunting Near Wilmington - 59.67 Acres
Auction Sale Price: $551,250.00
59.67 Acres / Will County, IL
Pulling into the drive, you will immediately see all the opportunities this unique farm has to offer. If you are looking to start a farm or livestock operation, are a serious hunter, or simply want the tranquility of a quiet country home with acreage, this farm has it! The fenced pasture gives you plenty of room for livestock or starting your own hobby farm. Adding a touch of character to the property is the 4 bed, 2 bath farmhouse reconstructed from an early 1900’s church. A 40x60 pole building was previously used for a cattle operation and a detached garage is in place for extra storage. In addition, a one of a kind late 1800’s peg and beam barn relocated and reconstructed from Goshen Indiana is perfect for gatherings, events, or equipment storage. Also relocated and adding to the history of the farm is the original Ritchie Railroad Depot building from the 1800s registered as a historic landmark in Will County.
Walking to the south you find the true hidden treasure of tranquility this farm has to offer. The timber is covered in deer and wildlife sign and sets up perfectly for hunting with multiple pinch points and tree stand locations. The tillable and hayfields provide great income and endless food plot opportunities. With the picturesque view of the Kankakee River from your tree stand it would be easy to lose yourself in seclusion that makes this farm so special. So peaceful in fact that you may wish to build a second home on the south side of the farm. Don’t miss your opportunity to own this rare unique property just a short drive from Wilmington, Manteno, Kankakee, and Chicagoland!
Closing must occur on or before December 23, 2019
Open House: November 16, 2019, 1 - 4 pm CST
Bidders may participate in the auction on site or online at AuctionNetwork.com
On site bidders should bring a government issued ID
All properties and or any improvements thereon are sold “AS IS, WHERE IS” with no financing, inspection or other contingencies to sale. Final acreage totals are contingent on a survey
This sale is subject to a 5% buyer’s premium
Announcements on the day of the sale shall take precedence over any prior advertisements
Each high bidder will sign a contract and must make a non-refundable deposit of 10% of the total purchase price (minimum may apply) immediately following auction - cash, cashier’s checks, personal checks and business checks (electronically processed) are accepted - the balance of the purchase price and all closing costs are due at closing within 30 days
The property is sold free and clear of all taxes and installments of assessments for prior years but taxes and installments of assessments for the current year on the basis of the actual assessment shall be apportioned as of the scheduled date for the closing of title
All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgment
Possession at closing, subject to tenant’s rights, if any
33+/- acres tillable providing income
15+/- wooded acres with excellent wildlife sign and multiple locations for tree stands and food plots
4-5 acres of fenced pasture
Approximately 4 acres in hay production that could be converted to tillable
State highway frontage
2,400 sq. ft.+/- 2-story farm home reconstructed in 1901 from a church
4 bed/2 bath with some updates to drywall, electric and plumbing
Original hardwood floors on main floor
Propane, electric, septic, two wells
40’ x 60’ pole building
Detached 20 x 20 garage
Relocated and reconstructed 1800s peg and beam barn perfect for gatherings, events, or storage
Wabash Railroad depot registered as Will County Historic Landmark
Scenic Kankakee River view from the south end of the farm
Endless opportunities for recreation and farm income
Wilmington School District
Short drive to Wilmington, Manteno, Kankakee, and less than an hour from downtown Chicago
- Small Game
- Wild Turkey
- Road Frontage
- Low Fence
Tillable / Production Areas
- Hardwood Trees
- Wells / Pumps
- Metal Buildings
- Infrastructure Improvements
Activities on Property
- ATV Riding
- Horseback Riding
- Family Activities
Real Estate Auction Terms and Conditions
- Terms Of Sale
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 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.
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 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(s). 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). Current year's taxes are prorated through the day of closing as is customary. 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 results in a change to acreage, the contract will be adjusted to that acreage prior to closing and 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 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 auction to the 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 with the Purchase Agreement thru DocuSign. The balance of the purchase price and all closing costs are due within 30 days.
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 out bid 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 sale day announcements will take precedence over any prior advertising or announcements.
LEGAL DESCRIPTIONS AND ACREAGE FIGURES:
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 or less and obtained from sources to be considered reliable such as; government tax records, mapping software, assessors office records or FSA maps. Legal descriptions may be subject to existing fence/field boundaries. No warranty is expressed or implied as to 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.
- Broker Participation
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.
- Auction Type:
IN COOPERATION WITH WHITETAIL PROPERTIES AND WILLIAMS & WILLIAMS AUCTIONS, COURTESY OF RANCH AND FARM AUCTIONS
Williams & Williams, Daniel S. Nelson, Managing Broker RE LIC 471.016793
Whitetail Properties Real Estate, Dan L. Perez, Managing Broker LIC 471.002237
Auctioneer: Cody Lowderman AUC LIC 441.001255
Tim "TJ" Lane, Broker, Land Specialist with Whitetail Properties Real Estate, LLC, 815.953.5332
Ed Presley, Broker, Land Specialist with Whitetail Properties Real Estate, LLC, 217.251.8195
- Disclosures, Title Commitment And Other Documents
Click Here to view disclosures, title commitment and other documents on Williams & Williams