MCDONOUGH COUNTY, IL LAND AUCTION - OLSON

LOCATION McDonough County, Illinois The Olson Family farms are located a short distance northwest and east of Good Hope, Illinois and are further described as being in Section 11, T7N-R3W, Sciota Township, and Sections 27, 29 & 30, T7N-R2W, Walnut Grove Township, McDonough County, Illinois. SELLER Galen and Barbara J. Olson Family Farms MANAGED BY Louie Zinn (319) 795-2314 Michael Sullivan (309) 333-0916 GENERAL INFORMATION 332.23 surveyed acres 5 tracts The tracts contain 332.23 surveyed acres and will be sold in 5 tracts. Tracts 1-4 consist of highly productive tillable farmland in addition to pasture and timber. Tract 5 is a very well-maintained rural home with outbuildings on small acreage. Farmers, investors or anyone looking for rural living, be sure to check out these beautiful farms. TRACT INFORMATION Tract 1 - 83.31 surveyed acres This tract is nearly 100% tillable Productivity Index (PI): 139.6 (Class A) Ipava, Sable & Osco soil types Improved with 3 grain bins & an outbuilding Access is along the south side by N 2200th Rd Tract 2 - 81.68 surveyed acres Approx. 69.65 acres of cropland Productivity Index (PI): 119.7 Soil types include Rozetta, Osco, Elco & Sawmill The remaining acres represent a small timber draw in the southeast corner & a grass hayfield along the east side of the tract Access is along the north side by N 2000th Rd Tract 3 - 108.39 surveyed acres Approx. 101.91 acres of cropland, with approx. 80 acres in row crop production The remaining cropland acres are being utilized for hay production Productivity Index (PI) on tillable acres: 121.4 Soil types include Greenbush, Clarksdale, Rozetta, Fishhook & Hickory There is a small timber/brushy area in the northwest corner Access is along the south side by N 1950th Rd & along the north side by N 2000th Rd Tract 4 - 51.23 surveyed acres This tract offers improved pastureland with good perimeter fences for livestock East Fork La Moine meanders through this tract provides a water source for livestock Mature trees scattered along the creek & throughout the tract offer ample shade Potential hunting/recreational opportunities Access is along the north side by N 2000th Rd Tract 5 - Country Home, Outbuildings & 5.40 surveyed acres Make plans to check out this well-maintained homestead on over 5 acres which offers a beautiful 2-story home Home details: 2-car attached garage, master bedroom, 2 family rooms, kitchen/dining area, 3 full bathrooms & laundry room; Upstairs has 2 bedrooms & an open loft-type area Other improvements include a livestock barn w/ several cattle lots & cattle drinks, 2 grain bins, machine shed & a detached garage/shop Open House: Wednesday, October 29 from 3:30-5:30 Access is along the south side by N 1950th Rd METHOD & TERMS Tracts 1-4 will be sold on a price per acre basis, based on surveyed acres. Tract 5 will be sold for the lump sum, total dollar amount. The tracts will be sold individually, and in numerical order. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer(s) 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 paid at closing. Closing for Tract 1 will take place on or before January 8, 2026, but not before January 5, 2026. Closing for Tracts 2-5 will take place on or before December 11, 2025. The seller will provide title insurance in the full amount of the purchase price and pay the 2025 real estate taxes. Possession at closing subject to an existing lease for the 2025 crop year only. Open lease for the 2026 crop year and beyond. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made on 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.