No Reserve 80 Acre Land Auction Online Only Rochester, Illinois

No Reserve 80 Acre Land Auction Online Only Rochester, IL Walnut Rd. Rochester, IL 62563 (No Reserve and Zero Buyer Premium) Tuesday, August 25th @ 1pm (auction begins to close – timed online auction) 80 + or – acres located in Sec. 9 Rochester Township, Sangamon County, IL. 75.68 + or – tillable acres. 126.6 Soil Productivity Index. Water and Electric Available. Investment Property, Farmland, Building Sites. Incredible location next to Rochester, IL. Road Frontage on east side and part of north side. New owner will receive $140 per acre x 75.68 = $10,595.20 payment on or before Nov 1st, 2026, which is a partial payment of the year. The seller received the first payment. Current yearly taxes on 80 acres is $3,047.72. Seller: Hanne Bennett Trust Auction Terms & Conditions Bidding will be conducted by the acre, with the final purchase price calculated by multiplying the winning bid by 80 acres. Any future survey will not affect the purchase price Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence. Absolute Auction: Property sells with no reserve. Bidding Method: By the acre. Final purchase price will equal the high bid multiplied by the total acres which is 80. The Purchase agreement will reflect the total tract price (not per-acre price). Bidding Increments: $25.00 per acre. Extended Bidding: Any bid placed in the final 3 minutes will extend bidding on by 3 minutes. Down Payment & Closing: 10% of the total purchase price is due on auction day. The remaining balance is due at closing, approximately 40 days following the auction. Down payment is held in escrow at Allied Title Company Springfield, IL. Purchase Agreement: Successful bidders must sign purchase agreements on Wed Aug 26th (in person or via DocuSign). Crops & Possession: The current farm tenant retains rights to the 2026 crop. The new owner must either provide proper written legal notice to terminate the existing farm tenancy or renew a lease with the tenant. The current tenant is willing to lease the farm for 2027. Condition: Real estate sells “As Is.” Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only. Announcements: Auction day announcements take precedence over printed materials. Liability: Schmid Auction is not responsible for accidents.