Auction Gallery

80 +/- Acres | Sold in 2 tracts

Seller:  John J. Appenzeller

Auction Date/Time:  Wednesday, May 13, 2020 @ 10:30 a.m.
Auction Venue:  Mackinaw Valley Vineyard | 33633 State Route 9, Mackinaw, IL

Property Location:  The Appenzeller farm is located approximately 2.5 miles Southeast of Mackinaw in Sections 27 & 28 of Mackinaw Township, Tazewell County, Illinois.  The farm is located at the NW corner of the intersection of Morgan Road & Keyser Road.

-40 +/- Acres of Class A tillable soils

-100% Tillable

-Productivity Index:  142.3

-Predominant Soils:  Sable, Ipava, Buckhart, & Plano

-Westernmost tract with access from the South on Morgan Road

-40 +/- Acres of Class A tillable soils

-100% Tillable

-Productivity Index:  141.4

-Predominant Soils:  Ipava, Buckhart, Newvienna, & Sable

-Easternmost tract with access from the South on Morgan Road and from the East on Keyser Road.

Terms of Sale:
The Appenzeller farm will be sold in two 40 +/- acre tracts, using the “buyer’s choice” method of sale.  The highest bidder will be given the opportunity to select one or both tracts for purchase.  Should they only select one, an additional round of bidding will take place for the remaining tract.  Both tracts are being sold “as-is”.

The sale of these properties are being made with no financing, appraisal, or inspection contingencies, and are being sold “as-is”, with no warranties or guarantees.  The successful bidder(s) will be required to execute a real estate sales contract immediately following the sale.  Non-refundable earnest money, equal to 10% of the purchase price, will also be collected from the successful bidder(s) on the day of the sale.

Both tracts are being sold subject to a farm lease for the 2020 farming season.  The seller will serve a termination notice to the tenant farmer that will take effect immediately following the 2020 harvest.  The new owner(s) will receive a credit at closing for the 2020 cash rent, and subsequently, they will also be responsible for the entirety of the 2020 property taxes, payable in 2021.

Closing will take place on, or before, June 30, 2020, at the law office of Benckendorf & Benckendorf in Peoria.  The seller will pay for all title search fees and at closing will issue a Commitment for Title Insurance to the buyer, in the amount of the purchase price, ensuring to the buyer that the property is being sold clear of any defects or liens.  The seller will also pay for preparation and transfer of the deed, transfer taxes, one-half of the actual closing fee, and will pay the 2019 real estate taxes, payable in 2020.