164.06 Acres in Pekin, IL

The Svendsen Land Trust is a mostly tillable property that is ideal for the investor looking to add highly productive tillable land to their portfolio or would make an exceptional addition to any farming operation. The property is located off of Red Shale Hill Road near Pekin IL. This farm has been very well maintained! There are approximately 118 Acres in tillable production, an additional 30 Acres enrolled in CRP contract that is active until September 2026 and the remaining acres in timber and waterways. The Current tenant reports an impressive APH of 61 Bu./A soybean yield and a 195 Bu./A corn yield! The soil is made up of primarily Stronghurst Silt loam and carries an Avg. P.I. rating of 122. There are also multiple locations that would be ideal for building the perfect dream house!

Tract 1 Description:

Tract one is approximately 40.16 A +/-. The 35.4 .+/- tillable acres carry a 122 Avg productivity index and have been very well maintained! This farm has an impressive APH of 61 Bu. Soybeans and 195 Bu/Ac corn yield! The primary soil types are Stronghurst silt loam, Birkbeck silt loam and Senachwine-Hennepin loam. The remainder of the acres consists of 2.5 +/- in a CRP contract. There are several places that are ideal for building your dream home! Between the natural drainage and well-managed upkeep, this farm is capable of producing extremely high yields! Don’t miss your opportunity to invest in this highly productive, income-producing tract!

Details:

Tract #: 1

Deeded acres: 40.16+/- acres pending survey(Update-40.02 Surveyed acres)

FSA Farmland Acres: 35.4+/- pending survey

DCP Cropland Acres: TBD pending survey

Soil Types: Stronghurst silt loam(0-2% slope), Birkbeck silt loam

Soil PI/NCCPI/CSR2: Average PI 122.1

Base acres and Yield: TBD pending survey

CRP Acres/payment: 2.5+/ acres pending survey ($239.35/acre) thru 2026

Taxes: TBD pending survey

Lease Status: Open Tenancy for 2023 crop year

Possession: Immediate possession subject to current tenant's rights for 2022

Survey needed: Survey to be completed prior to closing

Brief Legal: NE S30 T24N R4W Tazewell Co, IL

PIDs: part of 11-11-30-200-033

Lat/Lon: 40.5067, -89.5901

Tract 2 Description:

Tract 2 includes approximately 83 Acres of tillable land and has an Avg P.I. of 120. The primary soil type is Stronghurst silt loam, along with a small percentage of Rozetta and Sylvan silt loam. The current tenant reports great yield results. The Avg. APH is 61 Bu./Acre soybean yield and 195 Bu/Acre corn yield. There is an additional 27.5+/- acres currently enrolled in CRP that are generating $239/A thru 2026. Farms like this don’t come along very often so don’t miss your opportunity to add this to your portfolio or existing farming operation.Details:

Tract #: 2

Deeded acres: 123.9+/- acre pending survey (Update-123.34 Surveyed acres)

FSA Farmland Acres: 83+/ acres pending survey

DCP Cropland Acres: TBD pending survey

Soil Types: Stronghurst silt loam(0-2% slope), Rozetta silt loam(2-5%) Sylvan silt loam

Soil PI/NCCPI/CSR2: 114.7+/- average PI

Base acres and Yield: TBD pending survey

CRP Acres/payment: 27.5+/- acres pending survey ($239.35/acre) thru 2026

Taxes: TBD pending survey

Lease Status: Open Tenancy for 2023 crop year

Possession: Immediate possession subject to current tenant's rights for 2021

Survey needed?: No survey is needed

Brief Legal: S30 T24N R4W Tazewell Co, IL

PIDs: part of 11-11-30-200-033, 11-11-30-200-027

Lat/Lon: 40.5048, -89.5947

Property Features:

- Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

- Onsite bidders should bring a government-issued ID

- 10% down payment immediately after auction - cash, personal, or business checks accepted

- If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

- High bidder has 30 days to close unless otherwise noted

- Announcements on auction day will take precedence over any prior announcements

- This is a no contingency sale and is not subject to financing or additional inspections

- Possession at closing, subject to tenant’s rights, if any

- If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

- All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

- 118 +/- productive tillable acres

- 30 +/- acres enrolled in CRP until 2026

- Good access off of Red Shale Hill Road

- Great locations for building your dream home

- Very well managed and maintained

- Less than 10 minutes to Pekin