WEDNESDAY,
SEPTEMBER 8, 2010
AT 10:00 A.M.
ATTRACTIVE COUNTRY HOME – CATTLE FEEDING FACILITY
CROPLAND-PASTURE-TIMBER-HOME SITES
GENERAL
LOCATION: The property is located on the
Knox/Warren County line at 1320 180th Street,
Abingdon, IL 61410, one-half mile west of
Abingdon on the Berwick Road (Co. 23) to Road
050E, one-half mile north to Road 650N, one-half
mile west to West Knox Road (180th
St.) then one-half mile north. Tracts 1, 2 and 5
have frontage on West Knox Road (180th
St.). Tracts 3 and 4 have frontage on Road 100E.
TRACT 1:
ATTRACTIVE RANCH STYLE HOME ON 6.63 ACRES (m/l)
Tract 1 is located in the
South Half of the Southeast Quarter of Section
25, Floyd Township (T.10N.-R.1W.), Warren
County, IL and is commonly known as 1320 180th
St, Abingdon, IL 61410. The acreage features an
immaculate one story 1880 sq. ft. ranch home
with finished basement. The main level includes
a great room w/ stone fireplace open to the
modern kitchen, 4 bedrooms, utility room, 1.75
baths, spacious front porch and an attached
20’x26’ garage. The lower level features a
family room w/ stone fireplace and wet bar, 3
bedrooms, utility room and storage. Additional
amenities include LP forced air heat & central
air, Guardian auxiliary generator, 24’x24’
detached shop/garage (2 yrs. old), nicely
landscaped yard in a park like setting w/ timber
backdrop. OPEN HOUSE & PUBLIC VIEWING:
SUNDAY, AUGUST 29TH - 1 to 3 P.M.
TRACT 2:
75.83 ACRES (m/l)
Tract 2 is located in the
South Half of the Southwest Quarter of Section
30, Cedar Township (T.10N.-R.1E.), Knox County,
IL. The parcel consists of a 2,000 head cattle
feeding facility and is improved with 6 large
open front cattle sheds (36’x185’, 36’x164’,
30’x400’, 36’x164’, 29’x127’ & 35’x79’), 35’x60’
feed shed, cattle pens, concrete driveways,
sorting shed w/ scaled chute & office, hunting
cabin and 2 lagoons. The tract lies undulating
to rolling and includes the building sites, feed
lots, 30.2 FSA tillable acres (approx. ½ used as
building site), pasture and timber. FSA Data:
Cropland – 30.2 acres; Corn Base – 6.5 acres;
Corn Program Yields – 103/131; Soybean Base –
11.7 acres; Soybean Program Yields – 36/43.
Tract 2’s water is produced from a well on Tract
1. The buyer of Tract 2 will have the option of
continuing the water service from Tract 1 for a
period of six months following the closing of
Tract 2; provided that the Tract 2 buyer shall
pay all expenses in connection with the water
service including maintenance and electricity.
Tract 2 is selling subject to an IEPA
enforcement action wherein the purchaser will be
required to remediate pollution conditions on
Tract 2. The new owner will also be required by
IEPA to make improvements to the facility before
re-stocking animals on the property. Further
information is available by contacting the
auction firm. Tract 2 is located directly across
the road from Tract 1 and has frontage on West
Knox Road (180th St.).
TRACT 3:
80.94 ACRES (m/l)
Tract 3 is located in the
South Half of the Southeast Quarter of Section
30, Cedar Township (T.10N.-R.1E.), Knox County,
IL. The parcel lies undulating to rolling and
includes 16.39 acres (m/l) which are currently
enrolled in the CRP program at a payment rate of
$142.66 per acre expiring in 2015. The balance
of the property has newer fences, includes
mature timber and pasture and offers excellent
hunting and recreation. FSA Data: Corn Base –
39.52% of cropland; Corn Program Yields –
103/131; Soybean Base – 10.91% of cropland;
Soybean Payment Yields – 36/43. Tract 3 is
contiguous east of Tract 2 and has frontage on
Road 100E.
TRACT 4:
85.08 ACRES (m/l)
Tract 4 is located in the
North Half of the Southeast Quarter of Section
30, Cedar Township (T.10N.-R.1E.), Knox County,
IL. The parcel lies undulating to rolling and
presently consists of 17.11 acres (m/l) of hay,
16.8 acres (m/l) of CRP with a payment rate of
$174.67 per acre expiring in 2024 and 20.61
acres (m/l) of CRP with a payment rate of
$142.66 per acre expiring in 2015.The balance of
the tract is timber, open grass land and a
creek. FSA Data: Corn Base – 39.52% of cropland;
Corn Program Yields – 103/131; Soybean Base –
10.91% of cropland; Soybean Payment Yields –
36/43. This acreage offers cropland, CRP income
as well as excellent hunting and recreation.
Tract 4 is contiguous north of Tract 3, and has
frontage on Road 100E.
TRACT 5:
40.09 ACRES (m/l)
Tract 5 is located in the
Northeast Quarter of the Northeast Quarter of
Section 36, Floyd Township (T.10N.-R.1E.),
Warren County, IL. The parcel lies undulating to
rolling and presently consists of 17.86 acres
(m/l) of cropland, with the balance in mature
timber. This tract offers cropland, several nice
home sites as well as excellent hunting and
recreation. FSA Data: Corn Base – 6.1 acres;
Corn Program Yields – 103/131; Soybean Base –
6.0 acres; Soybean Payment Yields – 36/43. Tract
5 has frontage on West Knox Road (180th
St.) and 130th Ave.
TERMS OF
SALE: Tract 1 will be sold individually.
Tracts 2, 3, 4 & 5 will be sold by the high
bidder’s choice method of marketing. A
10% down payment will be required on all tracts.
Closing and possession of Tracts 1 and 2 will be
on or before October 8, 2010. Closing and
possession of Tracts 3, 4 and 5 will be on or
before December 1, 2010. Title insurance will be
provided. Real Estate taxes will be pro-rated to
the dates of each respective closing. All tracts
have been recently surveyed. The property is
being sold “as is” without warranties or
guarantees, either expressed or implied. Any
announcements made on the day of sale will
supersede those previously advertised. Van
Adkisson Auction Service LLC serves solely as
agent for the sellers and assumes no liability
of any kind with any property being sold.
NOTE:
The farm machinery and livestock equipment will
also be sold on Wednesday, Sept. 8th
beginning at 1 PM on Tract 2. The equipment
listing is available online @
www.biddersandbuyers.com and may be obtained
by contacting the auction firm.
ELBEA (ED) MALONE, et al.
Attorney: Barry M. Barash for Barash & Everett, LLC
256 S. Soangetaha Road – Suite 108,
Galesburg, IL 61401 – Ph. (309)341-6010
The sellers and auctioneers are not responsible for accidents, errors, loss or omissions.
