LOCATION
Hancock County, Illinois
The Hanks farm is located north of Highway 136 along North County Road 1200 between Hamilton & Elvaston. The farm is further described as being located in Section 24, T5N-R8W, Montebello Township, Hancock County, Illinois.
SELLER
Herbert G. Hanks
MANAGED BY
Louie Zinn (319) 795-2314
Michael Sullivan (309) 333-0916
GENERAL INFORMATION
41.98 surveyed acres • 1 tract
The farm represents highly productive, Class A, patterned tiled, tillable farmland.
TRACT INFORMATION
41.98 surveyed acres
FSA figures should indicate this tract to be nearly 100% tillable
Productivity Index (PI): 138.7 (Class A)
Predominantly Ipava & Virden soil types
Pattern tiled (see map online)
There is a small portion (approx. ½ acre) of CRP on the south side of this tract - contact auction managers for questions regarding the CRP
Sells free & clear for the 2027 crop year
Access is along the west side by N County Rd 1200
METHOD & TERMS
The Hanks farm will be sold on a price per acre basis, based on surveyed acres.
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 Tuesday, October 13, 2026.
The seller will provide title insurance in the full amount of the purchase price and will pay all of the 2026 real estate taxes due in 2027 through a credit at closing based on the latest available information. Buyer will pay all the 2027 real estate taxes and beyond. Open lease for 2027 crop year. Possession at closing subject to the current tenant’s farm tenancy.
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:
Bentley J. Bender| Riezman Berger, P.C.
7700 Bonhomme Avenue, St. Louis, Missouri | (314) 727-0101
Auction Managers:
Louie Zinn (319) 795-2314
Michael Sullivan (309) 333-0916