McDonough County, IL Land Auction
53.83 Surveyed Acres, Selling in 1 Tract
Thursday, March 13, 2025 @ 10:00 a.m.
Auction Location: Small Towner Event Venue, 6 W. Side Square - Macomb
Bid Live or Online!
Sellers: The Estate of Dorothy J. Finn
Representing Attorney: John McMillan,
McMillan, Hennenfent, DeJoode & Humbert, PC
Property Information:
Great opportunity to add this Class A tillable farm to your portfolio and farm it in 2025! Totaling 53.83 surveyed acres, this gently rolling farm is mostly tillable, offers bin storage and is located in New Salem Township, McDonough County, IL.
Location:
The farm is situated along the North side of County Road 800N, between E1900th Street and E2000th Street, 2 miles Southwest of Adair. From US Hwy 136, East of Macomb, travel South on E1900th Street approximately 4 miles, then East on County Road 800N, to the farm. Or from US Hwy 136, South of Adair, travel 2.5 miles West on County Road 850N, South 0.5 miles on E2000th Street and then West on County Road 800N, to the farm.
Tract Information:
Tract 1: 53.83 Surveyed Acres
-Identified as “Tract 2” on the survey below.
-Approximately 48.12 +/- Class A Tillable Acres (PI: 134.5).
-Butler grain bin - Approximately 4,200 bu capacity.
-Small grain bin will be removed prior to closing.
-Soil types primarily consist of Osco, Ipava and Lawson.
-Subject to a wind turbine easement. Documents will be uploaded soon.
Photographs
FSA Farm Record (clickable link)
FSA Map (clickable link)
Terms of Sale
Property is selling as-is, where-is with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to cancel the sale and also reserves the right to reject any and all bids. Property will be conveyed by a Warranty Deed. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller's reserve at their sole discretion. All offers are subject to the approval of the seller. The property will sell as-is, where-is with no warranty, expressed or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property will be conveyed with the real estate. Neither the seller, Kelso Rhoades Real Estate Auction Group, nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. Purchaser or purchaser’s representative will acknowledge by signature of the real estate sales contract they have inspected the property. The terms of the real estate sales contract are controlling in the event of any perceived inconsistency between its terms and any statements or other advertisement.
METHOD OF SALE: The farm will be sold at live auction, with both live and online bidding available, and will be sold on a dollar per acre basis, with the total acreage determined by survey. All bid increments will be at the discretion of the auctioneer. All announcements made on the day of the sale will take precedence over any previously printed material or other oral statements made.
CONTINGENCIES: This sale is not contingent on purchasers’ ability to obtain financing and/or appraisal, or subject to any home, radon, lead-based paint, septic, mold, or other inspections.
POSSESSION: Purchaser will receive possession at closing. Closing will be held on or before April 14, 2025, at the law office of McMillan, Hennenfent, DeJoode & Humbert, P.C. 402 E. Jackson Street, Macomb, IL 61455.
SURVEY: Acreage will be determined based on a survey, which has already been completed and is available for review.
OPPORTUNITY CLAUSE: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchaser’s race, color, religion, sex, material status, national origin, or physical handicap.
DEBT COLLECTION & INTEREST CHARGE: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Kelso Rhoades Real Estate Auction Group in its efforts to collect unpaid funds from the bidder. Any debt collection or dispute proceedings will be heard in McDonough County, Illinois.
BUYER’S PREMIUM: There is no buyer’s premium for this auction.
GUARANTEE AGREEMENT: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney’s fee.
PROPERTY TAX PRORATION: The 2024 real estate taxes, along with any prior years’ taxes, will be the responsibility of the Seller and credited to the Purchaser at closing. The Purchaser shall be responsible for the payment of the entirety of the 2025 real estate taxes and all future taxes.
CLOSING EXPENSES: The seller will be responsible for the title search and at closing will issue a commitment for title insurance to the buyer, in the amount of the purchase price. The seller will also pay for preparation and transfer of the deed, transfer taxes and one-half of the actual closing fee.
TERMS FOR ONLINE BIDDING: The online registration will need to be completed. The successful online bidder will be notified immediately following the closing of the auction and a time will be set to either sign the real estate sales contract in person or electronically, neither which will take place later than 5 p.m. on March 13, 2025. The terms of the real estate sales contract will take precedence of any claims made in this notice. At the time of executing the sales contract, earnest money in the amount of 10% of the purchase price will be collected in the form of check or certified funds. The balance of the contract price will be paid in full at closing, which will be scheduled for no later than April 14, 2025. If you have any questions, please call our office at 309-647-8811.
AGENCY: Rhoades Real Estate & Land Auction Services, Inc. DBA Kelso Rhoades Real Estate Auction Group, auctioneer/broker, is acting exclusively as agent for the seller.