+/- 286.37 Acres, 7 Tracts, Akron and Hallock Twp. Peoria County, IL.

+/- 286.37 Acres, 7 Tracts, Akron and Hallock Twp. Peoria County, IL.

SOLAR LEASE and SOLAR LEASE OPTIONS IN PLACE - PHASE 2
Excellent Investment Opportunity

FARMLAND AUCTION
+/- 286.37 Acres, 7 Tracts
Akron and Hallock Twp. Peoria County, IL.

Auction Time & Date:
10 AM, Wednesday, December 13th

Auction Location:
Holiday Inn
7601 N. Orange Prairie Road, Peoria, IL 61615
In Person Public Auction with Online Internet Bidding.

Pre Bidding begins Monday December 11th, 2023 at 8:00 AM closing Wednesday at the close of the live event.  

MULTI PARCEL, 7 TRACT AUCTION
Class A SOILS
2024 Open Farm Tenancy
Solar Lease and Solar Lease Options
Excellent Investment Opportunity

Farm Location Address:
Located south of 19709 N STATE ROUTE 40, EDELSTEIN, IL, 61526

+/- 286.37 acres consisting of +/- 138.43 acres located in part of section 24, T11N R7E Akron, Twp.
and +/- 147.94 acres located in part of section 19, T11N R8E Hallock Twp. Peoria County, IL.

T1 and T7 includes an Option to Lease for a solar project in late-stage development. All zoning and special use permits for the solar project have been completed, and the developer has started the building permit plan set. The solar developer expects to exercise the Option and commence the Lease in Spring 2024, at which point construction of the solar project would commence and regular rent payments pursuant to the lease will be payable to the property owner.

T1: +/- 49.68 Acres, 140.0 PI. Discretionary Solar Lease Option Permitting in place - Phase 2.
Site 1: Minimum payment once final construction is completed will be $30,000 per year with a 2% annual increase.
Lease option contracts available upon request. See attached T1 site plan maps.
Site 2: Minimum payment once final construction is completed will be $30,000 per year with a 2% annual increase.
Lease option contracts available upon request. See attached T1 site plan maps.
Part of section 24, T11N R8E Akron TWP. Parcel ID: 0324200002; Estimated Real Estate Tax: $2,643.46

T2: +/- 50.00 Acres, 139.5 PI.
Part of section 24, T11N R7E Akron TWP. Parcel ID: 0324200003; Estimated Real Estate Tax: $2,659.44

T3: +/- 38.75 Acres, 139.5 PI.
Part of section 24, T11N R7E Akron TWP. Parcel ID: 0324426001; Estimated Real Estate Tax: $1,909.42

T4: +/- 74.94 Acres, 132.4 PI.
Part of section 19, T11N R8E Hallock TWP. Parcel IDs: 0419100001; 72.95 Acres, and 0419100004; 2.00 Acres.
Estimated Real Estate Tax: $ 3,206.46

T5: +/- 33.00 Acres, 131.8 PI.
Part of section 19, T11N R8E Hallock TWP. Parcel ID: 0419100005; Estimated Real Estate Tax: $1,389.66

T6: +/- 19.83 Acres, 131.8 PI. Solar Farm Lease. The next payment payable in August 2024 to the new owner will be $21,224.16.
Part of section 19, T11N R8E Hallock TWP. Parcel ID: 0419100016; Estimated Real Estate Tax: Paid by lease holder. 20-year solar lease with a 2% increase per year, signed in 2020, with two, 5-year extension options. The first payment was made in August 2021, and last payment will be August 2040.

T7: +/- 20.17 Acres, 133.7 PI. Discretionary Solar Lease Option Permitting in place - Phase 2.
Minimum payment once final construction is completed will be $30,000 per yr with a 2% annual increase.
Lease option contracts available upon request.
Part of section 19, T11N R8E Hallock TWP. Parcel ID: 0419100012; Estimated Real Estate Tax: $ 930.92.

Travis M. Selby                                                                            
Land Broker and Auctioneer                                             
217.304.1686                                                                          
Travis@AgExchange.com                                                                                                          

IL Auctioneer # 441001485       

                                   


 


7601 N. Orange Prairie Road, Peoria, Illinois 61615
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