Ladd, IL 61329 - Bureau County

BUREAU & LEE COUNTY, IL LAND AUCTION - BICKETT

Tuesday, January 7, 2025 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

Bureau & Lee County, Illinois

Tract 1 is located approx. 2.1 miles east of Ladd, IL access along County Rd 1700 N. Tract 2 is located approx. 3.6 miles west of Sublette, IL access along Maytown Rd. These tracts are further described as being located in Sections 11, T16N-R11E, Hall Township, Bureau County, Illinois. Section 13, T19N-R10E, May Township, Lee County, Illinois.

SELLER

Michael J. and Nancy A. Bickett Family Trust

MANAGED BY

Isaac Taber (309) 335-8081

GENERAL INFORMATION

104.68 taxable acres 2 tracts

The Michael J. and Nancy A. Bickett Family Trust farms represent high quality productive farmland with Class A soils. An excellent opportunity for farmers and investors!

TRACT INFORMATION

Tract 1 - 78.02 taxable acres

FSA figures indicate 76.1 acres of cropland currently in row crop production

Productivity Index (PI): 133.6 (Class A)

Soil types include Catlin, Muscatune, Plano

Access is along County Rd 1700 N

Tract 2 - 26.66 taxable acres

FSA figures indicate 25.39 acres of cropland currently in row crop production

Productivity Index (PI): 140.6 (Class A)

Soil types include Osco, Sable, Muscatune

Access is along Maytown Rd

METHOD & TERMS

The Michael J. and Nancy A. Bickett Family Trust farms will sell on a per acre basis, based on taxable acres. Tract 1 will sell first, followed by tract 2. The tracts will NOT be offered together or in any combination at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before Tuesday, February 4th, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Buyer will receive possession at closing. Open lease for 2025 crop year and beyond.

Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Michael J. and Nancy A. Bickett Family Trust

Representing Attorney:

Bill Beneke | Russell, English, Scoma & Beneke

10 Park Ave W, Princeton, IL 61356 | (815) 875-4555

Auction Manager:

Isaac Taber (309) 335-8081