Cornell, IL 61319(Livingston County)

Tract 1 receives additional income from 2 wind turbines. Tracts 2 & 3 are well-located with productive soils. Farmers & investors, don't miss this opportunity to purchase these high-income producing farms!

TRACT INFORMATION

Tract 1 120.0 taxable acres (Grundy County)

FSA figures indicate 117.47 NHEL cropland acres

Productivity Index (PI): 126.1

Soil types include Ashkum, Elliott, Peotone, & Milford

Enrolled in the Blackstone II Wind Farm Project

Includes 2 wind turbines plus a MET tower

$42,825.00 actual income for 2023

$44,260.00 estimated income for 2024

Extensive drain tile installed (see website for maps)

Access along the west side from 5000W Rd (Buffalo Rd)

Tract 2 120.0 taxable acres (Grundy County)

FSA figures indicate 118.03 NHEL cropland acres

Productivity Index (PI): 126

Soil types include Elliott, Ashkum, and Proctor

Access along the south side from 11000S Rd (Scully Rd)

Tract 3 41.78 taxable acres (Livingston County)

FSA records indicate 39.59 NHEL cropland acres

Productivity Index (PI): 129.9

Soil types include Ashkum, Rooks, and Chenoa

Access along the south side from 2100N Rd and along the east side from 800E Rd

REAL ESTATE TAX INFORMATION

Grundy County

Tract 1

PIN 10-23-300-003 - 77.28A - $2699.88

PIN 10-23-100-003 - 40.0A - $1436.64

PIN 10-23-300-002 - 1.38A - paid by wind energy company

PIN 10-23-300-004 - 1.34A - paid by wind energy company

Tract 2

PIN 10-25-300-002 - 120.0A - $4346.72

Livingston County

Tract 3

PIN 08-08-32-400-007 - 41.78A - $1792.96

YIELD HISTORY

TRACT 1

Year - Corn Beans

2024 - 61

2023 - 230

2022 - 71

2021 - 188

TRACT 2

Year - Corn Beans

2024 - 202

2023 - 64

2022 - 206

2021 - 56

TRACT 3

Year - Corn Beans

2024 - 65

2023 - 248

2022 - 66

2021 - 217

METHOD & TERMS

The Johnson Family Trust farm will be sold in (3) three individual tracts. All tracts will be sold on a price per acre basis, based on taxable acres. The tracts will sell in numerical order and will NOT be offered in their entirety at the conclusion of the auction.

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, April 4, 2025.

The seller will provide title insurance in the full amount of the purchase price. Seller will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Buyer will pay all the 2025 taxes and beyond. Tract 1 wind farm income will be prorated to the date of closing. Possession at closing. Open lease for 2025 crop year.

Bidding is NOT subject to any 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 Sullivan Auctioneers, pertaining to this property. Real estate is being sold AS IS.

Johnson Family Trust

Patricia Alverson, Trustee

Representing Attorney:

Justin Stoller | Stoller Law Office

15 W Front St, El Paso, IL 61738 | (309) 527-4300

Auction Manager:

Kevin Haas (309) 264-7767