GRUNDY COUNTY, IL LAND AUCTION - O'CONNELL

LOCATION Grundy County, Illinois The O'Connell Family farm is located 2 miles northeast of Kinsman, IL, 9 miles southwest of Mazon, IL, or 15 miles northwest of Dwight IL. It is further described as being located in Section 29, T32N-R6E, Vienna Township, Grundy County, Illinois. SELLER O'Connell Family MANAGED BY Kevin Haas (309) 264-7767 Eric Ifft (309) 825-3730 GENERAL INFORMATION 241.04 surveyed acres 2 tracts Farmers & Investors, don't miss these investment grade soils that sell with an open lease for the upcoming 2026 crop year! TRACT INFORMATION Tract 1 120.52 surveyed acres FSA records indicate 120.3 NHEL cropland acres (split field) Productivity Index (PI): 135.3 Soil types include Drummer, Ashkum, Elliott, Brenton, and Chenoa Class A soils! Extensive drainage tile installed Access along the south side from Prairie Rd Tract 2 120.52 surveyed acres FSA records indicate 118.4 NHEL cropland acres (split field) Productivity Index (PI): 130.8 Soil types include Elliott, Chenoa, Drummer, and Ashkum Extensive drainage tile installed Access to natural gas Improved with 3 grain bins 15,000 bu. capacity Aeration floors, fans, dryer on large bin Access along the south side from Prairie Rd and from Johnny Run Rd along the SE side METHOD & TERMS The farm will be sold on a price per acre basis, based on surveyed acres. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either tract for their high bid. If the high bidder does not elect both tracts, then the remaining tract will continue to be offered. 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 Wednesday, April 15, 2026. The seller will provide title insurance in the full amount of the purchase price. Seller shall establish an escrow with Black & Black Lawyers in an amount equal to 115% of the 2024 real estate taxes. Upon receipt of the 2025 real estate tax bill in 2026, the escrow agent shall pay the entire real estate bill and any excess funds in escrow shall be returned to Seller. If the funds in escrow are not sufficient to pay all of the 2025 real estate taxes, then Seller shall pay the difference. Buyer shall pay all of the 2026 real estate taxes when the bills come out in 2027.Open lease for 2026 crop year. Possession at closing. 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. REAL ESTATE TAX INFORMATION PIN 07-29-200-003 - 128A - $7280.46 PIN 07-29-200-003 - 112A - $4648.68 YIELD HISTORY Year - Corn Beans 2022 - 258 66 2023 - 235 76 2024 - 224 79 2025 - 261 74 AVG - 246 74 SOIL TEST RESULTS pH - 6.7 P - 30#/A K - 252#/A Representing Attorney: Frank J. Black | Black & Black Lawyers Grundy Bank Building, 201 Liberty Street - Suite 211, P.O. Box 148 Morris, Illinois 60450 | 815 942-0594 Auction Managers: Kevin Haas (309) 264-7767 Eric Ifft (309) 825-3730