Virtual Online Auction
Sale Date: Wednesday, April 16, 2025
Sale Time: 10:00 AM CST
Sellers: Illini Feeds
INSPECTION DATE: Tuesday, April 8, 10:00 AM – 2:00 PM
AUCTIONEER’S NOTE: Farmers, investors and sportsmen, make plans to participate in this absolute, no-reserve virtual online land auction & timed online only machinery auction! This diverse farm has productive tillable land, swine production facilities, a nice sized lake and many potential country home sites! Also, check out the machinery that is desirable for farms of any size! Mark your calendar for the inspection date and more importantly, the auction date on this fantastic offering.
Representing Attorney:
Marcum A. Spears
Spears & Spears
201 W. Broadway
Monmouth, IL 61462
(309) 734-5105
Auction Representative:
Dale Jones (309) 299-6400
LOCATION
The Illini Feeds land is located approximately 3 miles northwest of Victoria, IL or 15 miles northeast of Galesburg, IL and is further described as being located in Section 10, T12N•R3E, Copley Township, Knox County, IL. Detailed directions are 2-1/2 miles west of Victoria, IL on IL Hwy 167, then ¾ mile north on County Hwy 12. To view the property, call auction manager Dale Jones at (309) 299-6400.
FARM INFORMATION
- 96.27 Taxable Acres
- FSA figures should indicate 55.97 tillable acres
- Crop Productivity Index (PI) is 109.4 on the tillable acres
- (4) 1200 head finishing buildings. Completely rebuilt from foundation up in 2019
- 1,500,000 gal. Slurrystore System services the finishing buildings
- 768 sq. ft. heated shop building & 600 sq. ft. office building
- Approximate 400 ft. deep well
- Many potential home sites
- Recreational possibilities
- Public road access along the north side from CR 2300N (Coal Rd.) and along the west side from County Hwy 12
- Lake and smaller pond total over 7 ac. of water
METHOD AND 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, May 16, 2025. The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, payable in 2025, which will be held in escrow by the seller’s attorney. The buyer will be responsible for the 2025 and all subsequent real estate taxes. Possession will be given at the time of closing, subject to the rights of the current farm tenant. The buyer will receive 100% of the 2025 cash rent.
Bidding is NOT subject to the following 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 Merit Auctions pertaining to this property. Real estate is being sold “AS IS”.
