Auction Information
160 Acres in Amboy, IL
LEE COUNTY, IL LAND AUCTION - LAND INVESTMENTS
LEE COUNTY, IL LAND AUCTION - LAND INVESTMENTS
Tuesday, January 28, 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
Lee County, Illinois
The land is located 6 miles southwest of Amboy, IL, 7 miles northeast of Ohio, IL, or 17 miles southeast of Sterling, IL. It is further described as being located in Section 12, T19N-R9E, East Grove Township, Lee County, Illinois.
SELLER
Land Investments LLC, Etal
MANAGED BY
Kevin Haas (309) 264-7767
Isaac Taber (309) 335-8081
GENERAL INFORMATION
160.0 taxable acres 1 tract
Farmers & Investors, be sure to check out the extensive drainage and conservation improvements recently made to this farm!
TRACT INFORMATION
160.0 taxable acres
FSA records indicate 140.35 NHEL cropland acres
Productivity Index (PI): 120.2
Soil type...
Soil types include Houghton, Selma, Hooppole, Sparta, Comfrey, Warsaw, and Dickinson
The balance of the farm is mostly a drainage ditch which provides an excellent outlet for future tile installation
Over 34,000 ft of recently installed tile
Recently completed clearing and other conservation improvements
Access along the south side from Union Rd
REAL ESTATE TAX INFORMATION
PIN 08-20-12-100-001 - 160.0A - $4990.76
METHOD & TERMS
The farm will be sold on a price per acre basis, based on taxable acres.
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 Friday, February 28, 2025.
The seller will provide title insurance in the full amount of the purchase price. Seller will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Buyer will pay all the 2025 taxes and beyond. Open lease for 2025 crop year and beyond. 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.
Land Investments LLC, Etal
Representing Attorney:
Michael A. Kraft | Quinn Johnston
227 NE Jefferson Ave, Peoria, IL 61602 | (309) 674-1133
Auction Managers:
Kevin Haas (309) 264-7767
Isaac Taber (309) 335-8081
Map
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