Rushville, IL 62681 - Schuyler County

SCHUYLER COUNTY, IL LAND AUCTION - MARTIN

Friday, January 24, 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

Schuyler County, Illinois

The Martin farm real estate is ideally located approximately 3 miles west of Rushville, IL along the Rushville to Camden Road (25 miles south of Macomb, or 40 miles northwest of Jacksonville, or 50 miles east of Quincy, IL). The property is further described as being located in part of Section 16, T2N-R2W, Buena Vista Township, Schuyler County, Illinois.

SELLER

Jack and Shelly Martin

MANAGED BY

John Sullivan (309) 221-6700

GENERAL INFORMATION

176 acres (subject to survey) 3 tracts

The land contains 176 acres (subject to survey) and will be sold in 3 tracts. Tract 1 is nearly all-tillable with Class A soils, Tract 2 is all-tillable with productive soils and Tract 3 is mostly wooded land with some tillable acres and offers excellent hunting and outdoor recreational opportunities.

Farmers, investors and outdoor enthusiasts - be sure to check out these investment quality tracts of land.

TRACT INFORMATION

TRACT 1 - 55 acres (subject to survey)

FSA maps indicate 51.25 NHEL cropland acres

Productivity Index: 134.8 (Class A)

Soil types include Ipava and Clarksdale

The balance of the acres is a grass and wooded waterway

The Rushville to Camden Blacktop Road borders along the south side

TRACT 2 - 37 acres (subject to survey)

FSA maps indicate 35.32 NHEL cropland acres

Productivity Index: 114.5 (tillable acres)

Soil types include Rozetta and Keomah

The balance of the acres is grass waterways

Stoney Branch Road borders along the north side

TRACT 3 - 84 acres (subject to survey)

Nearly all wooded with mature trees

Excellent hunting and outdoor recreational opportunities

FSA maps indicate 6.59 NHEL cropland acres

Productivity Index: 114.5 (tillable acres)

Soil types include Rozetta and Keomah

This tract has recently been logged

Access from the north via deeded strip along the west side of Tract 2 (from Stoney Branch Road)

METHOD & TERMS

All 3 tracts will be sold individually, on a price per acre basis, based on the surveyed acres. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract 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 purchase price will be due at closing which will take place on or before February 24, 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. The cropland acres sell subject to a cash rent tenancy for the 2025 crop year (contact auction manager for further details). Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral.

The information in our brochure, in our advertisements and on our website 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.

Jack and Shelly Martin

Representing Attorney:

John McMillan | McMillan, Hennenfent & DeJoode, PC

402 E Jackson St, Macomb, IL 61455 | (309) 837-2904

Auction Manager:

John Sullivan (309) 221-6700