LOCATION
Tazewell County, Illinois
The Keil & Blye Farm is ideally located on the Rt 24 corridor between East Peoria & Washington, IL. It is further described as being located in Section 18, T26N-R3W, Washington Township, Tazewell County, Illinois.
SELLER
Keil & Blye Farm
MANAGED BY
Kevin Haas (309) 264-7767
Eric Ifft (309) 825-3730
GENERAL INFORMATION
272.48 acres± • 3 tracts
Farmers, investors, commercial & residential builders: Take advantage of this opportunity to purchase a well-located property with unlimited development potential! Extended closing date available.
TRACT INFORMATION
All Tracts are:
Zoned A-1, Agricultural
Adjacent to East Peoria City Limits
Close to city services
Washington Grade School Central District 51
Washington Community High School #308
Commercial & residential development opportunities!
Tract 1 - 195.916 acres±
FSA records indicate 170.3 cropland acres
Productivity Index (PI): 116.2
Soil types include Rozetta, Birkbeck, Stronghurst and Ipava
Includes a 4-acre lake and a smaller pond
Adjacent to Quail Meadows Golf Course
Includes a 40x60 pole building built in 2004
Partial concrete floor
12’ lean-to
Electricity
The balance of this tract is wooded draws
Over 1,900’ of Rt 24 road frontage
Traffic count of 20,000+ per day along the north side
Current access along the north side from Rt 24 and along the south side from Centennial Drive
Tract 2 - 52.78 taxable acres±
FSA records indicate 41.7 NHEL cropland acres
Productivity Index (PI): 117.6
Soil types include Rozetta, Ipava, Stronghurst and Birkbeck
The balance of this tract is wooded draws that provide excellent wildlife habitat or other outdoor recreational opportunities
Over 1,900’ of Rt 24 road frontage
Traffic count of 20,000+ per day along the north side
Current access along the north side from Rt 24
Tract 3 - 23.784 surveyed acres
FSA records indicate approximately 21 NHEL cropland acres (farm is combined in FSA information)
Productivity Index (PI): 118.2
Soil types include Stronghurst, Birkbeck and Rozetta
Over 1,100’ of road frontage
Traffic count of 3,500 per day along the south side
Current access along the south side from Centennial Drive
METHOD & TERMS
The Keil & Blye farm will be sold on a price per acre basis, based on either taxable or surveyed acres. The tracts will be offered through the marketing method of “Buyer’s 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(s) will continue to be offered “Buyer’s 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(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. The balance of the bid price will be due at the time of closing, on or before Friday, October 30, 2026.
The seller will provide title insurance in the full amount of the purchase price and will pay the 2026 real estate taxes for tract 2, due in 2027 through a credit at closing based on the latest available information. Seller shall establish an escrow account for tracts 1 & 3 and will pay the 2026 taxes, due in 2027. Seller is retaining all the 2026 crop income. Buyer will be responsible for all subsequent real estate taxes. Possession after all the 2026 crops are harvested. Open lease for 2027 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 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”.
YIELD HISTORY - WHOLE FARM AVERAGE
Year - Corn Beans
2023 - 239 72
2024 - 235 81
2025 - 247 71
SOIL TEST RESULTS - WHOLE FARM AVERAGE
Sampled Fall 2023
PH - 6.0
P - 84 #/A
K - 247 #/A
245 ton limestone applied VRT fall 2023 after soil tests were pulled
REAL ESTATE TAX INFORMATION
Tracts 1 & 3
PIN 02-02-18-100-010 - 112.09A - $3940.16
PIN 02-02-18-400-003 - 99.58A - $4470.30
PIN 02-02-18-300-003 - 8.03A - $124.78
Tract 2
PIN 02-02-18-200-002 - 52.78A - $1687.24
Representing Attorney:
Robert C. Hall | Miller, Hall & Triggs, LLC
416 Main St., Suite 1125, Peoria, IL 61602 | (309) 671-9600
Auction Managers:
Kevin Haas (309) 264-7767
Eric Ifft (309) 825-3730