Monroe County, IL
722.27 Acres M/L

Levee Road |
Fults, IL 62244 |
Listing #14270

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Tracts
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Property Info

Description

Offering 722.27 acres m/l of diverse Monroe County, Illinois farmland in seven tracts. Tracts range in size from 19.25 acres m/l to 286.64 acres m/l as this unique portfolio offers everything from high quality tillable acres to excellent recreational ground with access to the Mississippi River. Improvements on multiple tracts include well maintained grain bins and metal storage buildings. These farms are located within a five mile radius of one another near Fults, IL - approximately 25 miles south of St. Louis, MO and 12 miles west of Red Bud, IL in Precinct 13 and Precinct 15 Townships. Don’t miss this opportunity to maximize operational efficiencies and acquire a large portfolio of diverse assets in a strong area.

Legal Description

Scroll down for approximate legal discription on each individual tract. The brief legal descriptions listed below are not to be used on legal documents.

Directions

Southwest of Fults, IL. Scroll down for directions on each individual tract.

Parcel Number: Various
School District:
General Area: Fults, IL
Auction Date: Sep 11, 2018
Possession: At Closing Subject to Tenant's Rights
Terms: Cash, Conventional

Auction Details

Monroe County Land Auction:
722.27 Acres M/L
Offered in Seven Separate Tracts
Tuesday, September 11,2018
10:00 AM

Auction Location:
Acorns Golf Links
3933 Ahne Road
Waterloo, IL 62298

Auction Method: The property will be offered in seven individual tracts or any combination of those tracts through the Multi-Parcel Auction method. At any time, a bidder may introduce a new combination of tracts he/she would like to pursue. There will be open bidding on the individual tracts and all combinations until the end of the auction.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. No absentee or phone bids will be accepted at the auction without the prior approval of the Auctioneer.

Agency Representation: Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves by participating in and completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Monroe County Farm Service Agency (FSA) and Natural Resources Conservation Services (NRCS) offices. The figures stated in the marketing material are estimates of the Seller and Peoples Company; however, the Farm Program Information, base acres, crop acres, conservation plan, etc. are subject to change when the farms are reconstituted by the Monroe County FSA and NRCS offices.

Mineral Rights: All mineral rights, if any, will be transferred to the Buyer(s).

Survey: Survey work has been completed for Tracts 4, 5, 6, and 7. Copies of the surveys can be found below as an Attachment for each respective tract.

Financing: The sale of the property is not contingent upon Buyer obtaining financing. All financing arrangements are to have been made prior to bidding at the auction. By bidding, the bidder makes a representation that he/she has the present ability to perform at the bid price and will fulfill all obligations within the Real Estate Sale and Purchase Agreement.

Contract & Title Commitment: Immediately upon conclusion of the auction, the winning bidder(s) will enter into a Real Estate Sale and Purchase Agreement and deposit the required earnest money payment. The Seller will provide the Buyer(s) with a current Title Commitment and, at Closing, an Owner’s Policy in the amount equal to the purchase price of each respective tract(s). All regular title insurance premiums, title, or abstracting fees and title company/closing agent fees or costs shall be paid by the Seller. Any ‘additional selections’ required by the Buyer(s) on the title insurance shall be the responsibility of the Buyer. Property will be transferred via Special Warranty Deed.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction for each tract. The earnest money payment may be paid in the form of cash, good check, or by wire transfer. All funds will be made payable to and held by the escrow agent, First American Title Insurance Company.

Closing: Closing will occur on or about October 11, 2018. The balance of the purchase price will be payable at closing in the form of cash, certified check, or wire transfer. With respect to the timing of the Seller and successful Buyer(s) in fulfilling the obligations set forth in the Real Estate Sale and Purchase Agreement, time is of the essence.

Real Estate Taxes: The real estate taxes will be prorated between the Seller and Buyer(s) to the date of closing.

Possession of the Land: All tracts are subject to a farm lease which shall be assigned at closing. Possession of the land shall be given on the earlier of (a) the tenant’s completion of the harvest of the crops grown on each tract or (b) on January 1, 2019. Seller shall be entitled to 100% of the rental income attributed to the land for 2018 lease term.

Possession of the Grain Bins: Tracts 1, 3, and 4 are subject to a grain bin lease which shall be assigned at closing. Possession of the grain bins will be given on August 1, 2019. However, the Buyer(s) shall be entitled to 100% of the rental income attributed to the grain bins for the 2018-2019 lease term. Rental income for the grain bins is $0.1401 per bushel of storage on each respective tract. Buyer will receive a credit at closing for the 2018-2019 pre-paid rental income for the respective tract or tracts being purchased.

Disclaimer: All field boundaries in the marketing material are presumed to be accurate according to the available information and knowledge of the Seller and Peoples Company. Tract acres, tillable acres, soil descriptions, etc. may vary slightly from the figures stated in the marketing material and will be subject to change. Bidder(s) and their tax, legal, and/or other advisors should perform their own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. The Real Estate Sale and Purchase Agreement, Title Commitment, and Draft Closing Statements have been made available to the general public throughout the marketing period. By bidding at the auction, bidders acknowledge these have been made available prior to the sale and all bidders had the opportunity to review these documents during their due diligence period.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record or otherwise made known to bidders. All property is sold on an “As is - Where is” basis with no warranties or guarantees, expressed or implied, or arising by operation of law concerning the property is made by the Seller, Peoples Company, or the Auctioneer, and are hereby expressly disclaimed. Any announcements made on the day of the auction by the Auctioneer or Listing Agent(s) will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. The Sellers reserve the right to accept or reject any and all bids. All decisions of the Auctioneer are final.

Tract 5 totals 62.21 acres m/l consisting of 22.69 FSA tillable acres carry a 112.5 CPI. This tract offers great recreational opportunities with natural wildlife habitat and direct access to the Mississippi River while providing income from the tillable acres. Located in Section 23 of Precinct 15 Township, this tract can be accessed from Levee Road.

Details

Acres: 62.00 Acres M/L
Net Taxes: $990.00
Productivity Index: 112.5

Directions

Tract 6 - Levee Road, Fults, IL 62244

Photos

Attachments

Description

Tract 6 totals 111.02 acres m/l, all of which are levee-protected. This tract is nearly 100% tillable with 101.49 FSA tillable acres carrying a 113.5 CPI. Primary soil types on the tillable acres include Ambraw, Haynie, and Fults. Located in Section 5 of Precinct 13 Township, this tract can be accessed by Levee Road.

Details

Acres: 111.00 Acres M/L
Net Taxes: $1,700.00
Productivity Index: 113.5

Directions

From Fults, travel southwest along Ivy Road approximately 2.25 miles to Levee Road. Turn left onto Levee Road and continue approximately 1.7 miles. Tract 6 is situated on the northeast side of Levee Road.

Tract 7 - Levee Road, Fults, IL 62244

Photos

Attachments

Description

Tract 7 totals 286.64 acres m/l which includes 107.44 FSA tillable acres carrying a 109 CPI. This tract offers excellent recreational opportunities as the balance of the land includes approximately 120 acres m/l of good standing timber with access to the Mississippi River. Located in Sections 5, 6, 7, and 8 of Precinct 13 Township, this tract can be accessed by Levee Road and well maintained lane winding along the northwest boundary of the property. Situated within an hour from downtown St. Louis, don’t miss the chance to acquire this diverse property. Perfect for camping, hunting, fishing, canoeing, etc. while receiving income from the productive tillable acres.

Details

Acres: 286.64 Acres M/L
Net Taxes: $1,350.00
Productivity Index: 109

Directions

From Fults, travel southwest along Ivy Road approximately 2.25 miles to Levee Road. Turn left onto Levee Road and continue approximately 1.7 miles. Tract 7 is situated on the southwest side of Levee Road.