Saturday, March 20, 2021 at 10:00 AM
Land Auction – 75 Acres – All Tillable – Grade A Soils – Marshall County, IL
Land Location: 600 2350 E Rd, Varna, IL 61375
Directions: Located 2 miles East of Varna on IL-17, then 1 mile South on 2350 E Rd. Or, 3 miles West of Toluca on 600 N Rd. There is an auction sign on the SW corner of the property.
Auction Location: American Legion #440, 115 W Santa Fe Ave, Toluca, IL 61369
Directions: From I-39, take Exit 35 for IL-17 and head West 4 miles to IL-117, then South 2 miles into Toluco to Santa Fe Ave, turn right and American Legion is on the right.
75 Acres – S½ of the SE¼ of Section 35 – Roberts Township – Marshall County, IL
1 Tract – 100% Tillable Grade A – CPI: 140.8 – Flanagan, Harco and Sable soils.
FSA-156EZ Report – Farm 4598:
Cropland: 76.23 Ac – Effective DCP Cropland: 76.23 Ac – CRP: 0.00 Ac.
2019 Taxes (Paid in 2020) = $3629.80.
TWO Tax IDs for the property: PIN: 06-35-400-003 & PIN: 06-35-400-005.
Auction Terms: The Seller shall provide a clear title & survey to the Real Estate subject to any and all easements recorded at time of sale. Seller reserves the right to accept or reject any or all bids. The successful bidder will be required to enter into a sales contract on day of sale and deposit $75,000 earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price. It is not contingent on getting financing. Earnest money is non-refundable. Buyer will receive a credit at closing for the 2020 taxes due in 2021. The 2021 Farm Lease is in affect with Buyer receiving 100% of the 2021 Farm Rent and Buyer paying 100% of the 2021 Real Estate Tax due in 2022. Closing on or before April 30, 2021. Optional up to 60-day closing extension is available for 5% APR prorated from the April 30 closing date.
Owner: Frieders Trust
116 N Chicago St, Ste 200A
Joliet, IL 60432
Auction conducted by Richard A. Olson & Associates, Inc.
Dick Olson – IL License #440.000585
Erik Olson – IL License #441.001909
531 Bedford Rd, Morris, IL 60450