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LAND AUCTION - 8,638+/- ACRES OFFERED IN 46 TRACTS IN MERCER & FULTON COUNTIES, ILLINOIS
Mon, Dec 12, 10:00 AM
Mercer & Fulton Co., Illinois
Owner: Wilder Corporation of Delaware
• 8,638+/- Acres offered in 46 Tracts • 8,253+/- Cropland Acres (FSA) • Irrigated and Non-irrigated Tillable Acres • 887,000+/- bu storage
OPEN HOUSE/INSPECTION DATES
MERCER COUNTY INSPECTION DATES:
Tuesday, November 15 from 9AM-12PM
Thursday, December 1 from 9AM - 12PM
Meet a Schrader Representative at Tract 15
FULTON COUNTY County INSPECTION DATES:
Tuesday, November 15 from 2PM-5PM
Thursday, December 1 from 2PM - 5PM
Meet a Schrader Representative at Tract 29
PROPERTY LOCATION
MERCER COUNTY: From the east side of the Mississippi River, adjacent to Muscatine, Iowa, travel east on Hwy 92 approximately 1 1/2 miles to 322 St W Road (arrow sign for New Boston and small white church at this intersection). Go approximately 10 miles on 322 St W which turns into 45th St. Turn right (west) at 140th Ave, farm starts on the right side of 140th Ave.
FULTON COUNTY: From the intersection of US Hwy 136 and Hwy 97 in Havana, Illinois travel approx. 3 miles west of Havana on US Hwy 136 to Curless Rd 1700 E, turn left (south) on Curless. Go .4 mile (T's into Bottom Ln) turn right on Bottom Ln 750 N continue on Bottom Ln 750 for approx. 1 1/2 miles to Norris Farm Rd 1600 E, turn left on Norris Farm Rd 1660 E follow to Farm, approx. 1/2 mile. Look for Wilder Farm Sign.
AUCTION LOCATION
Western Illinois University, Union Grand Ballroom, 1 University Circle, Macomb, IL 61455
From the intersection of Pierce St and Hwy 67 (on the north side of Macomb, IL), travel west on Pierce St about 1/4 mile to Charles St. Turn north on Charles St and take second left onto Murray St. Continue west on Murray St. to the Western Illinois University Union parking.
PROPERTY DESCRIPTION
MERCER COUNTY FARM DESCRIPTION: 4,869+/- acres with approximately 4,657+/- acres cropland (FSA) located in Mercer County, Illinois. Just East of the Illinois & Iowa state line, bordering the Mississippi River. Approximately 475,000 bushel grain storage, 4 homes, 5 machine sheds (60x120, 60x110, (2) 40x60, and 36x68) plus a 40x100 Quonset. This property also has a 6 tower Zimmatic Irrigation system w/ electric motor and approximately 600 gal/min well.
FULTON COUNTY FARM DESCRIPTION: 3,769+/- acres with approximately 3,596+/- acres cropland (FSA) located in Fulton County, Illinois. Property borders west of the Illinois River. Approximately 412,000 bushel grain storage (4 Brock Bins 48 ft. Dia x 8 Rings tall 48,000 bushel each plus (4) GSI Bins 48 ft. Dia x 9 Rings tall 55,000 bushel each w/ (2) 16 Hp Fans), 50 ft.x100 ft. pole building w/ 24 ft.x50 ft. heated shop area, 40x50 pole building w/ 12 ft. lean-to and a 3 bedroom ranch style home. Three irrigation systems can irrigate approximately 690 acres. The three system consist of a 13 tower Valley w/ 1200 gal/min well w/ Duetz 913 diesel engine, (2) 7 tower Valley systems one w/ corner arm electric motors 25 Hp each pivot point as 2 wells producing a total of approximately 900 gal/min. each.
TRACT DESCRIPTIONS
Tract 1: 80± ac
MERCER COUNTIES
Tract 1: 80+/- Acres with approx. 78 acres of tillable productive farmland. Improvements include 18,000 bushel grain storage, 40 ft.x60 ft. pole building (machine shed) plus a small home in need of repair.
Tract 2: 240± ac with approx. 236 acres of productive tillable farmland.
Tract 3: 80± ac with approx. 78 acres of productive tillable farmland. Combine Tracts 1-3 for 400 acres with approx. 392 acres of productive tillable farmland in one large contiguous field.
Tract 4: 80± ac with approx. 75 acres of productive tillable farmland with easy access from 2 county roads.
Tract 5: 236± ac with approx. 231 acres of productive tillable farmland.
Tract 6: 73± ac with approx. 70 acres of productive tillable farmland.
Tract 7: 15± ac with approx. 10 acres tillable. Including 100,000 bushel grain storage, 60 ft.x110 ft. pole building w/cement floor and well maintained 2 bedroom ranch style home with finished full basement.
Tract 8: 160± ac with approx. 153 acres of productive tillable farmland.
Tract 9: 146± ac with approx. 133 acres of productive tillable farmland.
Tract 10: 15± ac with approx. 11 acres tillable. Including 3 bedroom single story home, 7,000 bushel grain storage and metal sided double corn crib.
Tract 11: 80± ac with approx. 78 acres of productive tillable farmland.
Tract 12: 118± ac with approx. 117 acres of productive tillable farmland.
Tract 13: 143± ac with approx. 140 acres of productive tillable farmland.
Tract 14: 266± ac with approx. 257 acres of productive tillable farmland.
Tract 15: 15± ac with approx. 12 acres tillable. Including 86,000 bushel grain handling system, 60 ft.x120 ft. pole building (machine shed) cement floor with drain plus a well maintained 3 bedroom single story home with detached garage and 28 ft.x42 ft. shop building.
Tract 16: 143± ac with approx. 142 acres of productive tillable farmland.
Tract 17: 378± ac with approx. 379 acres of productive tillable farmland.
Tract 18: 237± ac with approx. 231 acres of productive tillable farmland.
Tract 19: 374± ac with approx. 370 acres of productive tillable farmland.
Tract 20: 81± ac with approx. 78 acres of productive tillable farmland.
Tract 21: 595± ac acres with approx. 591 acres of productive tillable farmland, with 150 ft. of road frontage on 140th Avenue.
Tract 22: 15± ac with approx. 10 acres tillable. Included a remodeled 3 bedroom single story home, 40 ft.x100 ft. Quonset building (machine shed) 40 ft.x60 ft. 3 sided machine shed, 36 ft.x68 ft. pole building plus 22,000 bushel grain storage.
Tract 23: 345± ac with approx. 339 acres of productive tillable farmland.
Tract 24: 263± ac with approx. 250 acres of productive tillable farmland.
Tract 25: 240± ac with approx. 176 acres of productive tillable farmland balance in woodland. Investigate the hunting potential of this tract.
Tract 26: 304± ac with approx. 236 acres of productive tillable farmland balance in woodland acreage. Great hunting/recreational potential.
Tract 27: 25± ac with approx. 10 acres of tillable farmland plus 223,000 bushel grain handling system with 18,000 bushel drying bin.
Tract 28: 122± ac with approx. 91 acres of productive tillable farm land including a 6 tower Zimmatic irrigation system (refer to information booklet for more details).
For more details on improvements on Tracts 1, 7, 10, 15, 22, 27 & 28 refer to information booklet.
Tract 29: 80± ac
FULTON COUNTIES
Tract 29: 80+/- Acres with approximately 73 acres of productive tillable farmland. This tract features a modern 412,000 bushel grain handling system (grain storage).
Tract 30: 160± ac with approximately 158 acres of productive tillable farmland.
Tract 31: 282± ac with approximately 272 acres of productive tillable farmland.
Tract 32: 213± ac with approximately 203 acres of productive tillable farmland.
Tract 33: 300± ac with approximately 283 acres of productive tillable farmland.
Tract 34: 565± ac with approximately 528 acres of productive tillable farmland.
Tract 35: 250± ac with approximately 235 acres of productive tillable farmland.
Tract 36: 146± ac with approximately 144 acres of productive tillable farmland.
Tract 37: 146± ac with approximately 144 acres of productive tillable farmland.
Tract 38: 160± ac with approximately 155 acres of productive tillable farmland.
Tract 39: 79± ac with approximately 77 acres of productive tillable farmland.
Tract 40: 82± ac with approximately 77 acres of productive tillable farmland.
Tract 41: 80.5± ac with approximately 78 acres of productive tillable farmland.
Tract 42: 82± ac with approximately 79 acres of productive tillable farmland.
Tract 43: 298± ac with approximately 282 acres of productive tillable farmland. This tract also features a 7 tower Valley irrigation system with corner system irrigating approximately 170 acres.
Tract 44: 115± ac with approximately 112 acres of productive tillable farmland.
Tract 45: 250± ac with approximately 241 acres of productive tillable farmland. This tract also features a 7 tower Valley irrigation system with approximately 130 acres under water (irrigated).
Tract 46: 480± ac with approximately 455 acres of productive tillable farmland.
SOIL INFORMATION
BIDDING PROCEDURE: All tracts will be offered individually, in any combination or as a whole unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. Bidding on individual tracts, tract combinations and the entire property will compete.
PURCHASE CONTRACT: Immediately following the close of bidding, each high bidder will sign a purchase contract in the form provided in the bidder packets. All information contained in this sale brochure and other marketing materials is subject to the terms and conditions contained in the written purchase contract. Seller shall not be bound by any statement promise or inducement that is not contained or incorporated in the written purchase contract.
SELLERS ACCEPTANCE: The final bids are subject to the Sellers acceptance or rejection. BUYERS PREMIUM: A Buyers Premium in the amount of three percent (3%) of the bid amount shall be charged to Buyer and added to the bid amount to arrive at the total contract purchase price.
PAYMENT TERMS: 10% of the purchase price will be due immediately after the bidding concludes, w/ the balance due in cash at closing. The down payment may be made in the form of a cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
CLOSING: The targeted closing date is on or before January 11, 2017. Closing shall be held on or before the targeted closing deadline or as soon as possible thereafter upon completion of the survey, if applicable, the final title commitment and the Sellers closing documents. The closing agents fee for an administered closing will be shared equally (50:50) between buyer and seller. Buyer will pay all charges related to any loan obtained by buyer.
POSSESSION: Possession shall be delivered at closing, except that possession of the homes and grain bins shall be delivered on or before March 31, 2017.
REAL ESTATE TAXES: Buyer shall pay the real estate taxes for the calendar year 2017 and all subsequent years.
DELIVERY OF TITLE: At each closing, Seller shall furnish at Sellers expense: (i) a warranty deed conveying marketable title to Buyer, subject to all permitted exceptions as described in the purchase contract; and (ii) an owners title insurance policy in the amount of the purchase price insuring marketable title, subject to all standard requirements, conditions and exceptions and subject to the permitted exceptions.
MINERALS: Any sale will include the Sellers interest (if any) in the minerals. However, no promise, warranty or representation will be made as to the existence of any minerals or the nature or extent of Sellers interest therein.
SURVEY: A new survey will be procured only if necessary to record the conveyance or if otherwise deemed necessary or appropriate in Sellers sole discretion. If a new survey is procured, the survey costs will be shared equally (50:50) by Seller and Buyer and the purchase price will be adjusted to reflect any difference between advertised and surveyed acres. Any survey of adjacent tracts purchased in combination will be for the perimeter only.
TRACT MAPS; ACRES: All advertised tract maps, acres, dimensions and boundaries are approximations based on county parcel data, current legal descriptions and/or aerial mapping. The marketing materials are not provided as survey products.
PROPERTY INSPECTION: Inspection dates have been scheduled and will be staffed w/ auction personnel. Owner, Broker and Auction Company disclaim any and all responsibility for the safety of prospective bidders and other persons during any physical inspection of the property. No person shall be deemed an invitee to the property by virtue of its being offered for sale. DISCLAIMER AND ABSENCE OF WARRANTIES: THIS PROPERTY IS OFFERED AS IS, WHERE IS. NO WARRANTY OR REPRESENTATION, STATED OR IMPLIED, IS MADE BY SELLER, BROKER OR AUCTION COMPANY CONCERNING THE PROPERTY. Prospective bidders are responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this brochure and other marketing materials is subject to verification by all parties relying on it. Seller, Broker and Auction Company assume no liability for any inaccuracies, errors or omissions in such materials. All sketches, tract maps, measurements and dimensions are approximate.
AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusively the agents of Seller and do not represent any Buyer.
CONDUCT OF AUCTION: The conduct of the auction and increments of bidding will be at the direction and discretion of the auctioneer. Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons identity, credentials, fitness, etc. All decisions of the auctioneer at the auction are final.
CHANGES: Please arrive prior to scheduled auction time to inspect any changes or additions to the property information. OFFICIAL ANNOUNCEMENTS MADE FROM THE AUCTION PODIUM ON AUCTION DAY WILL TAKE PRECEDENCE OVER THE MARKETING MATERIALS AND ANY OTHER PRIOR STATEMENTS.
SELLER: Wilder Corporation of Delaware
RD SCHRADER, CAI
(800) 451-2709
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