Quincy (IL) Land Auction

Real Estate

Location: 3809 Broadway St., Qunicy, IL

Auction at Stoney Creek Inn, Quincy, IL.

5 p.m. Wednesday, May 15th, 2019
35.38 Acres m/l of productive tillable farmland and has unlimited development potential. The new buyer will receive 100% of the 2019 farm income.
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35.38 Acres m/l in 1 Tract
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35.38 Taxable Acres – 1 Tract
Auction to be held at the Stoney Creek Inn, Quincy, IL
 
LOCATION & GENERAL INFORMATION
This property is ideally located along North 24th St. near Ellington Road.  The Booth Property is further described as being located in Section 13, T1S – R9W, Riverside Township, Adams County, IL.  The property represents productive tillable farmland and has unlimited development potential.  The new buyer will receive 100% of the 2019 farm income.
 
TRACT INFORMATION
35.38 Taxable Acres – 1 Tract
  • FSA figures indicate 26.4 acres of cropland currently in row crop production
  • PI Rating: 130.3
  • Productive soil types include Huntsville, Biggsville, Mannon & Stookey
  • The balance of the tract is in waterways, a thin wooded draw and a stream that meanders through the property
  • This piece offers endless possibilities including development with an ideal location along North 24th St. near Ellington Road
  • Access is along the east side by 24th St.
METHOD & TERMS

The Booth farm will be sold on a price per acre basis, based on 35.38 taxable acres. The farm will not be surveyed.
 
Immediately following the auction, the successful buyer will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing,­ on or before Tuesday, June 18, 2019. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2018 real estate taxes will be paid by the seller based upon the most recent tax statement available, with the 2019 and all subsequent years being paid by the new buyer. Possession will be given at closing, subject to a 50/50 crop share lease for 2019 with the current tenant. The new buyer will assume the landlord’s position for 2019. All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
 
Adam Booth – Seller
AMB Real Estate Holdings, LLC

 
Representing Attorney: David C. Little, First Mid Bank & Trust Company, 636 Hampshire St., Suite 103, Quincy, IL 62301. Ph (217) 228-9800

Quincy (IL) Land Auction

For more information, call:
Auction Manager Michael Sullivan (844) 847-2161



Questions about this auction? Phone 217.847.2160 or email our office at [email protected].
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Sullivan Auctioneers, LLC

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