UpcomingRecreational & Income-Producing Farm in Mercer Co, IL - 259.76 Acres

AuctionUpcoming
Auction Date9November

259.76 Acres / Mercer County, IL

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Auction Location:Auction Location: Mercer County VFW 106 SW 3rd Ave, Aledo, IL 61231

Auction Type:Absolute

Auction starts in:01 months, 21 days 02 hours 19 minutes

Auction Date:

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This diverse farm totals 259.76+/- acres and offers nearly 115 acres of row crop production, and over 64 acres currently enrolled in CRP. The balance of the farm is made up of recreational timber and draws with an older pond, as well as older improvements consisting of a two-story home, and outbuildings. All tracts of the farm have great access and host a variety of recreational opportunities as well as income. All tracts will sell with open farm tenancy and will come with immediate hunting rights following the auction. This farm truly offers something for everyone and will appeal to producers, investors, recreational buyers that desire income, and those that desire to potentially live in the country. The property will be offered in four tracts and will be selling absolute through public auction at 6:00 pm on Tuesday, November 9th, 2021, at the Mercer County VFW in Aledo, IL.

  • Nearly 69% of the property is income-producing
  • Great access for all tracts
  • Numerous recreational opportunities
  • Numerous building locations
  • Rolling topography
  • 3 miles to Viola, 8 miles to Aledo, 19 miles to Monmouth, 21 miles to Milan

Tract 1 - 107.22 +/- acres   

This tract offers an attractive mix of income-producing tillable farmland, recreational timber, and a potential building location. This property would be great for someone looking to purchase a quality hunting and recreational property while generating a solid income. This tract has approximately 32.6 acres of tillable land, 30.05+/- acres of CRP income, and offers some great habitat for wildlife. This property has 240th Street frontage on the west side offers easy access and a great building site.

  • 32.6+/- acres of tillable land with an average PI of 117.1
  • 30.05+/- acres of CRP generating approximately $3,878 annually
  • CRP contracts expire 9-30-2021 & 9-30-2030
  • 240th Street frontage
  • Small drainages that offer seasonal water sources
  • Great access within the property
  • Quality hunting property with good surrounding habitat

Tract 2 – 41 +/- acres

This tract offers an older farmstead as well as income from tillable acres, CRP, and hay production area. This tract has the potential to be turned into something special. The current home on the property is an older 2 story farmhouse with a detached garage, metal shop building, and an older barn. This tract has road frontage on two sides and is accessed off or either 240th Street or 75th Ave. This tract offers income from 9.12+/- acres of CRP, 15.6+/- acres of row crops, and approximately 4.6 acres of hay. This property also has the perfect area to fence off for livestock.

  • 9.12+/- acres of CRP paying approximately $1,126 annually
  • CRP contacts expire 9-30-2021 & 9-30-2030
  • 15.6+/- acres of tillable land with an average PI of 115.5
  • 4.6+/- acres in hay production
  • Older improvements including home and outbuildings
  • Road frontage on 2 sides

Tract 3 – 50 +/- total acres 

This tract has a great mix of farmland and CRP for a solid yearly income as well as a pond and potential building site. The tillable acreage consists of approximately 16.7+/- acres of farmland, and 19.46+/- acres enrolled in CRP. There is a suitable building location on either side of the pond, creating a great view of the pond, or the rolling topography. The property is accessed off of 75th Avenue by an established lane and has good interior access. This tract has good connecting habitat and has the perfect components to be a quality hunting property that can produce mature deer all while generating an annual income.

  • 19.46+/- acres of CRP paying approximately $2,740 annually
  • CRP contracts expire 9-30-2021, 9-30-2022 & 9-30-2030
  • Approximately 16.7+/- acres of tillable land with an average PI of 112.9
  • Older pond with surrounding building sites
  • Small drainage on the property
  • Quality hunting property with good surrounding habitat
  • 75th Ave access on the south end

Tract 4 - 61.54 total acres

This tract is improved with an older Morton building and is approximately 90% income-producing! FSA indicates this property has 50.01+/- acres of tillable land in row crop production and an additional 5.54+/- acres enrolled in CRP. The predominant soils on this tract include Stronghurst, Rozetta, Fayette, and Hickory-Sylvan silt loams, with the row crop acreage carrying an average productivity index of 112.2. The farm has potential building sites and is easily accessed off of Highway 67 on the east side, or 75th Avenue on the north. This farm would be a great addition to an existing farm operation or beginning farmer.

  • 5.54+/- acres of CRP paying approximately $716 annually
  • CRP contract expires 9-30-2030
  • FSA indicates 50.01 acres of row crops with an average PI of 112.2
  • Morton building with open lean-to
  • 90% income-producing
  • Taxes: $1,042.20
  • 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

Auction Documents

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.

Broker Participation

Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details.

Auction Type

Absolute

Licensing

IN COOPERATION WITH WHITETAIL PROPERTIES DBA RANCH & FARM AUCTIONS

Dan Perez, Illinois Broker, License: 477.014224

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

Brent Reneau, Illinois Land Specialist, Whitetail Properties Real Estate, LLC, 309.337.0348

Cody Lowderman, IL Auctioneer License: 441.001255

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