SEALED BID SALE – BID DEADLINE: 5 pm, August 28th, 2026!
Ag Exchange is pleased to offer +/- 120 Acres, consisting of 2 tracts, located in part of section 34, T23N – R14W, Butler Twp. Vermilion County, IL.
This property is being offered as two individual tracts, and as a combination of tracts.
Farm Address: 37041 N 40 East Rd, Rankin, IL 60960
T1: +/- 40 acres, 123.4 PI
The southwest quarter of the northwest quarter of section 34, T23N- R14W
Butler twp. Vermilion County, IL. Assessor PIN: 01-34-100-003.
2025 payable 2026 real estate tax = $1,773.50 = $44.34 per acre.
T2: +/- 80 acres, 117.9 PI
The west half of the southwest quarter of section 34, T23N- R14W
Butler twp. Vermilion County, IL. Assessor PIN: 01-34-300-001.
2025 payable 2026 real estate tax = $2,949.50 = $36.87 per acre.
T1 + T2: +/- 120 acres, 119.8 PI
The southwest quarter of the northwest quarter, and the west half of the southwest quarter of section 34, T23N- R14W, Butler twp. Vermilion County, IL.
Assessor PINs: 01-34-100-003 and 01-34-300-001.
2025 payable 2026 real estate tax = $4,723.00 = $39.36 per acre.
This farm was enrolled in the CP42 pollinator program December of 2015, expiring this fall, September 30, 2026.
A wind energy lease option is in place for the entire 120 acres. Buyer will purchase the farm subject to the current wind energy lease. A copy of the wind energy lease is available for review upon request.
Open farm tenancy for 2027 crop year. Buyer takes immediate possession at closing.
Land Broker and Auctioneer, Travis Selby
IL Lic.# 441001485
217-304-1686
BIDDERS MUST SUBMIT THEIR BEST BID AS THEY WILL NOT HAVE ANY OPPORTUNITY TO RAISE THEIR BID AT A LATER TIME. Offers will be made through the Nextlot bidding platform accessed through the property listing page posted on WWW.AGEXCHANGE.COM
OFFERS ARE NOT CONDITIONAL UPON FINANCING.
Survey: A survey will not be provided. Property is selling per deeded acre.
Wind Energy Lease Option: Buyer is purchasing said farm subject to the current wind energy lease option. The wind energy lease option payment will be prorated between buyer and seller to the day of closing.
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: The anticipated closing date is on or before Thursday October 8th, 2026.
Real Estate Taxes and Assessments: The buyer is responsible for paying 100% of the 2026 real estate tax due and payable in 2027.
Buyer shall receive a real estate tax credit at closing from seller in the amount of:
T1: $1,733.50
T2: $2,949.50
T1 + T2: $4,683.00
Mineral Rights: The sale of the property shall include all mineral rights owned by the seller if any.
Agency: Ag Exchange Inc. and their representatives are exclusive agents of the Seller.
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.
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.