KNOX COUNTY, IL LAND AUCTION - SIMPSON

LOCATION Knox County, Illinois Tract 1 of the Simpson real estate is located approximately 2 miles northwest of Altona, IL along Knox Rd 1350 E. and is further described as being located in Section 5, T13N-R3E, Walnut Grove Township, Knox County, Illinois. Tract 2 is located approximately 1.5 miles east of Victoria, IL along Route 167 and is further described as being located in Section 8, T12N-R4E, Victoria Township, Knox County, Illinois. SELLER Steven Simpson MANAGED BY Isaac Taber (309) 335-8081 Luke Sullivan GENERAL INFORMATION 213.57 taxable acres 2 tracts These tracts represent productive tillable farmland in Knox County, IL. A great opportunity for farmers & investors. TRACT INFORMATION Tract 1 - 80 taxable acres FSA figures indicate 81.72 NHEL cropland acres currently in row crop production Productivity Index (PI): 139.3 (Class A) Soil types include Ipava, Osco, Elkhart Access is along Knox Rd 1350 E Tract 2 - 133.57 taxable acres FSA figures indicate 124.81 cropland acres currently in row crop production Productivity Index (PI): 131.1 Soil types include Ipava, Osco, Rozetta Includes grain bin Access is along Route 167, 200 E, & Knox Rd 2250 N METHOD & TERMS Both tracts of the Simpson farm will be sold individually, on a price per acre basis, based on the taxable acres. The tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract will continue to be offered Buyers Choice until all tracts have been elected. The tracts 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 Wednesday, December 3, 2025. The seller will provide title insurance in the full amount of the purchase price and pay the 2025 real estate taxes, due and payable in 2026, through credit at closing, said credit to be based on the most recent ascertainable tax year. Possession at closing subject to an existing lease for the 2025 crop year only. Open lease for 2026 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. Representing Attorney: Brian Peterson | Simpson Peterson Law Office 246 E Main St #201, Galesburg, Il 61401 | (309) 343-6152 Auction Manager: Isaac Taber (309) 335-8081 Luke Sullivan