Wyoming, IL 61491 - Stark County

STARK COUNTY, IL LAND AUCTION - ALI

Wednesday, January 8, 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

Stark County, Illinois

The Ali farm is located approx. 3.5 miles northeast of Wyoming, IL along 1400 E. Township Rd. (hard surface) and is further described as being located in Section 20, T13N-R7W, Penn Township, Stark County, Illinois.

SELLER

Dr. Syed & Dr. Maqbool Ali

MANAGED BY

Isaac Taber (309) 335-8081

GENERAL INFORMATION

155 taxable acres 1 tract

The Ali farm represents high quality, productive farmland in Stark County, IL. Don't miss this great opportunity.

TRACT INFORMATION

155 Taxable Acres

FSA figures indicate 148.08 acres of cropland currently in row crop production

Productivity Index (PI): 132.8

Soil types include Ipava, Osco

Access is along 1400 E. Township Rd.

METHOD & TERMS

The Ali farm will be sold on a per acre basis, based on taxable acres.

Immediately following the auction, the successful buyer will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the bid price will be due at the time of closing, on or before Wednesday, February 5th, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay the estimated 2024 real estate taxes due and payable in 2025 through a credit at closing. 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.

Dr. Syed & Dr. Maqbool Ali

Representing Attorney:

Karen Stumpe | Heyl, Royster, Voelker & Allen, P.C

300 Hamilton Blvd, Suite 200, Peoria, IL. 61602 | (309) 322-8314

Auction Manager:

Isaac Taber (309) 335-8081