Galesburg, IL 61401 - Knox County

KNOX COUNTY, IL LAND AUCTION - GUMM

Thursday, February 27, 2025 - 1:00 PM 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

Knox County, Illinois

The Gumm farm is located approx. 3.5 miles southeast of Galesburg, IL and 2.5 miles West of Knoxville, IL along Knox Rd 1250 N and Fleisher Rd. and is further described as being located in Section 36, T11N - R1E, Galesburg Township, Knox County, Illinois.

SELLER

James A. Gumm Estate

MANAGED BY

Isaac Taber (309) 335-8081

GENERAL INFORMATION

89.69 acres (subject to survey) 1 tract

The farm represents productive tillable farmland. The balance of the property consists of an approximately 2.5-acre pond and timbered draws. A great opportunity to purchase farmland in Knox County, IL.

TRACT INFORMATION

89.69 acres (subject to survey)

FSA figures indicate 72.04 NHEL acres of cropland currently in row crop production

Productivity Index (PI): 128.2

Soil types include Ipava, Clarksdale, Rozetta, Greenbush

Access is along Knox Rd 1250 N & Fleisher Rd.

REAL ESTATE TAX INFORMATION

09-36-200-013 - $1,901.47

09-36-200-004 - $1,271.50

METHOD & TERMS

The Gumm farm will sell on a per acre basis, based on surveyed acres.

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 Monday, March 31, 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 pertaining to the property. The real estate and improvements are being sold AS IS.

James A. Gumm Estate

Representing Attorney:

Patrick Egan | Egan Law, LLC

2101 Windish Dr., Galesburg, IL 61401 | (309) 343-5010

Auction Manager:

Isaac Taber (309) 335-8081