Online bidding registration must be complete 24hrs prior to the live event.
Property Description
FARMLAND AUCTION
+/- 236.48 Acres offered in 3 Tracts
Sidney TWP. Champaign County, IL
Auction Time & Date:
In person live auction, Wednesday, October 30th, 10:00 AM.
Online bidding opens Monday, October 28th, 8:00 AM.
All bidding ends Wednesday October 30th at the end of the live event.
Auction Location:
The I Hotel and Conference Center
1900 S 1st St, Champaign, IL 61820
Use the north parking lot.
100 Percent Tillable Tracts
1 Mile Rows
Highly Productive Class A SOILS.
Open farm tenancy for 2025 crop year.
Online and In Person, Multi Parcel Bidding.
10 yr Yield Average:
227 Bushel / Acre, Corn
73 Bushel / Acre, Soybeans
T1: +/- 80 acres, +/- 81.5 tillable acres, 138 PI.
Part of section 26, T18N - R10E, Sidney TWP. Champaign County, IL.
PIN: 24-28-26-100-007; 2023 payable 2024 real-estate tax = $3,327.34
T2: +/- 76.48 acres, +/- 76.83 tillable acres, 143.3 PI.
Part of section 26, T18N - R10E, Sidney Twp. Champaign County, IL.
PINs: 24-28-26-200-004 and 24-28-26-200-007; 2023 payable 2024 real-estate tax = $3,930.92
T3: +/- 80 acres, +/- 80.01 tillable acres, 135.4 PI.
Part of section 25, T18N - R10E, Sidney Twp. Champaign County, IL.
PIN: 24-28-25-100-005; 2023 payable 2024 real-estate tax = $3,889.16
Stephanie Spiros, Listing Broker
217.304.0404
Travis Selby, Auctioneer
IL AUCTION Lic.# 441001485
Auction Terms and Conditions:
Procedure: T1, T2, and T3, shall be offered individually with multi parcel bidding.
The auction will be conducted publicly with online bidding available for pre-registered online bidders.
Bidding shall remain open until the auctioneer announces bidding closed.
BIDDING IS NOT CONDITIONAL UPON FINANCING.
Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding.
Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashier’s check. The balance of the contract purchase price is due at closing.
Closing: Closing shall take place 35 days after auction day, or as soon thereafter as applicable closing documents are completed. Anticipated closing date is on or before December 4, 2024.
Possession: Possession will be given at closing subject to the 2024 crop lease. Buyer will have the right to enter the farm for customary tillage and fertilizer applications following the 2024 crop harvest.
Open farm tenancy for 2025 crop year.
Buyer Input Cost:
Lime Reimbursement due at closing in the amount of:
T1, Lime Reimbursement due at closing = $ 2,389.83
T2, Lime Reimbursement due at closing = $ 2,389.83
T3, Lime Reimbursement due at closing = $ 2,389.83
Title: Sellers shall provide an Owner’s Policy of Title Insurance in the amount of the purchase price and shall execute warranty deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers’ search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.
Real Estate Taxes and Assessments: Buyer shall receive a tax credit from seller at closing for the 2024 real estate tax due and payable in 2025 in the amount of: T1: $3,327.34; T2: $3,930.92; T3: $3,889.16.
The buyer shall be responsible for paying 100% of the 2024 real estate tax when due.
Survey: A new survey shall not be provided, and the sale is not subject to a survey. Property will be sold per deeded acre.
Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.
Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
The property is being sold on an “as is” basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the person’s credentials, fitness, conduct, etc. All decisions of the auctioneer are final.
Seller: Jones-Dodds Land Trust
