10511 North 1500th Road, Macomb, IL 61455 - McDonough County

McDonough County, IL Land Auction

158.17 Surveyed Acres, Selling in 3 Tracts

Tuesday, March 4, 2025 at 10:00 a.m.

Auction Location: Small Towner Event Venue, 6 W. Side Square - Macomb

Bid Live or Online!

Sellers: The Miller Family Trust

Representing Attorney: Mr. Brian Holland, Holland & Holland

Property Information:

158.17 surveyed acres in Emmet Township, McDonough County, IL, which will sell in 3 tracts. This farm offers a great mix of nearly all tillable tracts, as well as a modern homestead, with outbuildings, bin storage and beautiful acres of rolling pasture. The farm will sell free of any farming and hunting leases.

Tract Information:

Tract 1: 52.08 Surveyed Acres

-Nearly all tillable tract, FSA reports 51.24 +/- NHEL acres.

-Crop Productivity Index: 126

-Soil types primarily include: Ipava, Keomah, Greenbush and Rozetta.

-Access from the Northeast corner of the property, by easement.

Tract 2: 54.50 Surveyed Acres

-47 +/- Acres of rolling pasture (fenced) with creek.

-Fenced cattle lot with 88 x 44 feed shed with partial concrete floors and ample storage

for machinery and equipment.

-75 x 40 Steel frame building with concrete floors.

-Butler grain bin - Approximately 7,500 bu capacity.

-Conrad grain bin - Approximately 4,500 bu capacity.

-Modern 3 Bedroom / 2 bath (one of the bathrooms is located in the basement) ranch

home with approximately 1,288 SF of finished MF living space. Attached 2 car garage,

full/unfinished basement with full bath, laundry and kitchenette. Municipal water supply,

private septic system, central A/C, forced-air gas furnace, shingled roof (6 years old).

-Property disclosures (clickable link)

Tract 3: 51.59 Surveyed Acres

-Mostly tillable tract, FSA reports 46.5 +/- NHEL acres.

-Crop Productivity Index: 113.8

-Soil types primarily consist of Rozetta, Clarksdale, Fishhook and Atlas.

-Access from Ember Road on the East side of the farm.

Terms of Sale

Property is selling as-is, where-is with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to cancel the sale and also reserves the right to reject any and all bids. Property will be conveyed by a Warranty Deed. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller's reserve at their sole discretion. All offers are subject to the approval of the seller. The property will sell as-is, where-is with no warranty, expressed or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property will be conveyed with the real estate. Neither the seller, Kelso Rhoades Real Estate Auction Group, nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. Purchaser or purchasers representative will acknowledge by signature of the real estate sales contract they have inspected the property. The terms of the real estate sales contract are controlling in the event of any perceived inconsistency between its terms and any statements or other advertisement.

METHOD OF SALE: All tracts will be sold at live auction, with both live and online bidding available. Tract 2, which includes the house, buildings and grain bins, will be sold first, for a lump sum price. Tracts 1 & 3 will be sold on a dollar per acre basis, with the total acreage for each tract determined by survey. Both tracts will be sold via Buyers choice method of sale. The high bidder at the conclusion of the first round of bidding will have the option to select one or both tracts. If they select only one of the two available tracts, then a second round of bidding will take place for the remaining tract. The tracts will not be offered in their entirety at the conclusion of the auction. All bid increments will be at the discretion of the auctioneer. All announcements made on the day of the sale will take precedence over any previously printed material or other oral statements made.

CONTINGENCIES: This sale is not contingent on purchasers ability to obtain financing and/or appraisal, or subject to any home, radon, lead-based paint, septic, mold, or other inspections.

POSSESSION: Purchaser will receive possession at closing. Closing will be held on or before April 4, 2025, at the law offices of Holland & Holland, 397 W. Main Street, Bushnell, IL 61422.

SURVEY: Acreage for each tract will be determined based on a survey, which has already been completed and is available for review.

OPPORTUNITY CLAUSE: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchasers race, color, religion, sex, material status, national origin, or physical handicap.

DEBT COLLECTION & INTEREST CHARGE: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Kelso Rhoades Real Estate Auction Group in its efforts to collect unpaid funds from the bidder. Any debt collection or dispute proceedings will be heard in McDonough County, Illinois.

BUYERS PREMIUM: There is no buyers premium for this auction.

GUARANTEE AGREEMENT: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorneys fee.

PROPERTY TAX PRORATION: For all tracts, the 2024 real estate taxes, along with any prior years taxes, will be the responsibility of the Seller and credited to the Purchaser at closing. The Purchaser shall be responsible for the payment of the entirety of the 2025 real estate taxes and all future taxes for Tracts 1 & 3. The real estate taxes for Tract 2 shall be prorated through the date of closing, with the Seller responsible for taxes up to and including the date of closing, and the Purchaser receiving a credit at closing.

CLOSING EXPENSES: The seller will be responsible for the title search and at closing will issue a commitment for title insurance to the buyer, in the amount of the purchase price. The seller will also pay for preparation and transfer of the deed, transfer taxes and one-half of the actual closing fee.

TERMS FOR ONLINE BIDDING: The online registration will need to be completed. The successful online bidder will be notified immediately following the closing of the auction and a time will be set to either sign the real estate sales contract in person or electronically, neither which will take place later than 5 p.m. on March 5, 2025. The terms of the real estate sales contract will take precedence of any claims made in this notice. At the time of executing the sales contract, earnest money in the amount of 10% of the purchase price will be collected in the form of check or certified funds. The balance of the contract price will be paid in full at closing, which will be scheduled for no later than April 4, 2025. If you have any questions, please call our office at 309-647-8811.

AGENCY: Rhoades Real Estate & Land Auction Services, Inc. DBA Kelso Rhoades Real Estate Auction Group, auctioneer/broker, is acting exclusively as agent for the seller.