Oakford, IL 62673 - Menard County

MENARD COUNTY, IL LAND AUCTION - HAVANA

Thursday, January 23, 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

Menard County, Illinois

The real estate is located approximately 1 mile south of Oakford, IL or 7 miles northwest of Petersburg, IL along Highway 97 (15 miles south of Havana or 30 miles northwest of Springfield, IL). The property is further described as being located in part of Section 24, T19N-R8W Oakford Township, Menard County, lllinois.

SELLER

Havana National Bank

MANAGED BY

John Sullivan (309) 221-6700

GENERAL INFORMATION

35.928 surveyed acres 2 tracts

The land contains 35.928 surveyed acres and will be sold in 2 tracts. Both tracts represent rolling farmland with wooded areas offering farm income, potential home building sites and outdoor recreational opportunities.

Farmers, home builders, outdoor enthusiasts and investors, be sure to check out these attractive investment quality tracts.

TRACT INFORMATION

Tract 1 - 24.544 surveyed acres

FSA maps indicate 21.26 cropland acres

Productivity Index (PI): 94.9

Soil types include Princeton-Bloomfield and Middletown

The non-tillable acres are wooded and offer outdoor recreational opportunities

Several nice home building sites are available on this parcel

Highway 97 is located along the west side and Lounsberry Road on the east side

Tract 2 - 11.384 surveyed acres

FSA maps indicate 8.10 cropland acres

Productivity Index (PI): 96.1

Soil types include Princeton-Bloomfield and Middletown

The non-tillable acres are wooded and offer outdoor recreational opportunities

Several nice home building sites are available on this parcel

Highway 97 is located along the west side

METHOD & TERMS

The tracts will be sold on a price per acre basis, based on the surveyed acres. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, then the remaining tract will then be offered. The tracts will NOT be offered together 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 26, 2025.

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

Havana National Bank

Representing Attorney:

Blake Lindner | Knuppel and Lindner

124 West Market Street, Havana, IL 62644 | (309) 543-2291

Auction Manager:

John Sullivan (309) 221-6700