MERCER COUNTY, IL LAND AUCTION - TORRANCE

LOCATION Mercer County, Illinois The Torrance Farm is located approximately 1 mile east of Preemption, IL along 170th Ave. (hard surface) and is further described as being located in Section 1, T15N-R2W, Preemption Township, Mercer County, Illinois. SELLER John R. Torrance MANAGED BY Isaac Taber (309) 335-8081 Dan Sullivan GENERAL INFORMATION 65.63 surveyed acres 1 tract The Torrance farm represents high quality, class A farmland that is 100% tillable in Mercer County, IL! TRACT INFORMATION 65.63 surveyed acres FSA figures indicate 65 NHEL cropland acres currently in row crop production Productivity Index (PI): 140.7 (Class A) Soil types include Muscatune, Osco, Greenbush Access is along 170th Ave. METHOD & TERMS The Torrance 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 Wednesday, December 10, 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 a credit at closing. 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. John R. Torrance Representing Attorney: George Hennenfent | McMillan, Hennenfent & Dejoode, PC 130 N Main St, Roseville, IL 61473 | (309) 426-2176 Auction Managers: Isaac Taber (309) 335-8081 Dan Sullivan