T4:  +/- 25.00 Acres

Online pre-bidding begins Monday, February 17^th at 8:00 AM closing Thursday, February 20^th at the close of live the event. 

LAND AUCTION
+/- 164.5 Acres offered in 4 tracts
Vance Twp Vermilion County, IL.

Auction Time & Date:
Thursday, 6:00 PM, February 20th

Auction Location:
Vermilion County Farm Bureau Office
1905-C U.S. Route 150
Danville, IL 61832

Highly productive tillable land.
Excellent Yield History. See attached Yield History PDF.
Open Farm Tenancy for 2025 crop year.
Income producing hunting tracts.
Wooded creek frontage, and Salt Fork River frontage.
Large acreage homesites.
Outbuildings and Potential Pasture for Livestock.

Address for driving directions to the farm: 834 Lincoln Trail Rd. Homer IL 61849.

T1 is a stand-alone tract. T1 will not be combined in combination bids. T1 will be offered first, and bidding for T1 will close before the remaining tracts are offered.  
T1: +/- 67.95 Acres; +/- 65.61 tillable acres, 142.7 PI.
Open Farm Tenancy for the 2025 crop year.
Part of section 27, T19N-R14W, Vance Twp, Vermilion County, IL.
Assessor PIN# 20-27-200-002. 2023 payable 2024 real estate tax: $4,064.84= $59.82 per acre tax

T2: +/- 11.55 Acres with outbuildings consisitng of +/- 2.35 tillable acres, 121 PI and the balance of +/- 9.2 acres includes a barn lot with potential pasture and woods.
Two, open sided sheds; 80 x 40 and 40 x 60 currently used for equipment storage.
Part of section 27, T19N-R14W, Vance Twp, Vermilion County, IL.
Assessor PIN# 20-27-200-005. 2023 payable 2024 real estate tax: $165.44 = $14.32 per acre.

T3: +/- 60.00 Acres consisting of +/- 35 wooded acres with creek.
+/- 22.73 tillable acres, 121 PI. +/- 1.80 acres CRP paying $431 annualy expiring the fall of 2026.
Buyer receives 100% of the CRP payment issued fall of 2025 and beyond.
Part of section 27, T19N-R14W, Vance Twp, Vermilion County, IL.
Assessor PIN# 20-27-400-002. 2023 payable 2024 real estate tax: $963.32 = $16.05 per acre.

T4: +/- 25.00 Acres consisting of +/- 11.29 tillable acres, 121.3 PI, +/- .9 CRP acres paying $244 annualy through the fall of 2026. Buyer receives 100% of the CRP payment issued fall of 2025 and beyond.
Part of section 26, T19N-R14W, Vance Twp, Vermilion County, IL.
Assessor PIN# 20-26-300-001. 2023 payable 2024 real estate tax: $491.72 = $19.67 per acre.

Travis Selby, Auctioneer
217.304.1686
IL AUCTION Lic.# 441001485

Terms and Conditions:

Day of Auction Procedure: The property will be offered as 4 individual tracts and any combination of tracts except for T1. T1 is a stand-alone tract. T1 can only be bid on individually. Combination bids will be allowed for T2, T3, and T4. The auction will be conducted publicly with online bidding available for pre-registered online bidders. Bidding shall remain open until the auctioneer announces bidding closed.

Online Bidding Procedure: The online pre-bidding begins Monday, February 17th, 2025, at 8:00 AM(CST) closing Thursday, February 20, 2025, at the close of live the event.
All bids on the tracts will be visible online, the identity of the bidders is confidential.

Server and Software Technical Issues: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Ag Exchange reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Ag Exchange shall be held responsible for a missed bid or the failure of the software to function properly for any reason. E-mail notification will be sent to registered bidders with updated information as deemed necessary by Ag Exchange.

BIDDING IS NOT CONDITIONAL UPON FINANCING.

Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of bidding. Copies of such contracts are available for review at the office of the auctioneer.

Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashier’s check. The balance of the contract purchase price is due at closing.

Closing: Closing shall take place 33 days after auction day, or as soon thereafter as applicable closing documents are completed. The anticipated closing date is on or before March 25th, 2025.

Possession: Possession will be given at closing. T3 and T4 are selling subject to the current CRP contracts.

Title: Sellers shall provide an Owner’s Policy of Title Insurance in the amount of the purchase price and shall execute a warranty deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.

Real Estate Taxes and Assessments: Seller shall credit Buyer $4,064.84 for T1, $165.44 for T2, $963.32 for T3, and $491.72 for T4 at closing for the 2024 real estate taxes payable in 2025. It shall be the Buyer’s responsibility to pay the 2024 real estate taxes payable in 2025, when due.

Mineral Rights: The sale of the property shall include all mineral rights owned by the seller.

Agency: Ag Exchange Inc. and its representatives are Exclusive Agents of the Seller.

Survey: A new survey shall not be provided, and the sale shall not be subject to a survey. The land will sell per deeded acre.

Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.

ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

The property is being sold on an as is basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning this property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the person’s credentials, fitness, conduct, etc. All decisions of the auctioneer are final.

Vermilion County Farm Bureau Office 1905-C U.S. Route 150
Danville, Illinois 61832
United States