The Martinek Farm

Price: Auction
County: Winnebago

Contact Details
Mark T. Mommsen
Mobile: 815-901-4269
Phone: 815-756-3606

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ONLINE AUCTION - The auction platform is open for bidding. Bidding Ends August 11, 2022, beginning at 1 p.m. Central Time.
Auction Date
Aug 11, 2022 - 1:00 PM

Auction Terms & Conditions

Martin, Goodrich & Waddell, Inc. and its representatives are agents of the owner.
earnest money escrow
The successful bidder as determined by the auctioneer is required to make a 10% down payment of the accepted bid price on the day of auction with the balance due at closing. Bidding is not conditional upon financing.
Closing shall be on or before September 30, 2022. The purchase agreement is between the seller and buyer only and cannot be assigned to a third party without the written consent of the seller. Possession is subject to the rights of any tenants in possession.
real estate taxes
The 2021 real estate taxes due and payable in 2022 shall be paid by the seller. The 2022 real estate taxes shall be prorated between seller and buyer through the date of closing. All subsequent year taxes shall be paid by the buyer.
Crops And Expenses
Buyer shall receive a cash rental credit at closing, in the amount of $14,848.
At closing, seller shall convey and transfer the property to buyer by warranty deed, appropriate assignment, land trust, or other similar acceptable instrument of conveyance. At the same time, the balance of the purchase price then due shall be paid and all documents relative to the transaction shall be signed and delivered.
title evidence
At closing, seller shall furnish a commitment and Owner’s Title Guaranty Policy for the amount of the purchase price at the seller’s expense.
Seller shall provide a boundary survey by a licensed land surveyor at the seller’s expense, dated no more than six (6) months prior to closing. Final purchase price will be based upon gross surveyed acres.

Announcements made the day of the auction supersede any previously made statements or material provided, whether printed or oral. Information contained in this brochure is subject to the terms and conditions of the purchase agreement between the seller and buyer. All maps, data, acreages, and images in this brochure are approximate, and no liability for its accuracy is assumed by the seller or seller’s agent. The buyer shall be responsible for conducting their own independent inspection and due diligence concerning the property. The property is being sold “as is” and “where is” with no warranty or representation, either expressed or implied, concerning the property is made by the seller or seller’s agent. The auctioneer reserves the right to make final decisions on auction conduct and bidding increments.
Some photos in this brochure may be stock photography and are for illustrative purposes only.
The property will be offered in one tract in an online auction. Bidding will be on a per acre basis, multiplied by gross surveyed acres. The seller reserves the right to accept or reject any or all bids. All successful bidders will enter into a purchase agreement with the seller immediately following the auction. Upon the close of the auction, the purchase agreement will be forwarded to the successful bidders via email or fax. A signed copy of the purchase agreement must be received by Martin, Goodrich & Waddell, Inc. within 24 hours of the auction closing. A 10% earnest money payment is required to accompany the purchase agreement and may be submitted by cashier’s check or wire transfer. Bidding ends at 1:00 p.m. Central Time on Thursday, August 11th, 2022. A bid placed within 5 minutes of the scheduled close of the auction will extend bidding by 5 additional minutes until all bidding is completed. If you plan to bid, please register 24 hours prior to the auction closing. Bidding is not conditional upon financing.
Mineral Rights
The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.

Property Details

The subject farm is located approximately 78 miles northwest of Chicago O’Hare International Airport. Nearby cities include: Pecatonica (4 1/2 miles northeast), Freeport (10 1/2 miles northwest), and Rockford (12 miles east).
There is approximately 1/2 mile of road frontage on S Klinger Road and 7/16 mile on Edwardsville Road.
major highways
U.S. Route 20 is 3 3/16 miles north, Illinois Route 72 is 7 miles south, and Illinois Route 26 is 12 miles west of the property.
legal description
A brief legal description indicates The Martinek Farm is located in Part of the Southwest Quarter of Section 19, Township 26 North – Range 10 East (Seward Township), Winnebago County, Illinois.
total acres
There are a total of 152.96 acres, more or less, according to the Winnebago County Assessor.
tillable acres
There are approximately 148.48 tillable acres, according to the Stephenson County FSA.
soil types
Major soil types found on this farm include Osco silt loam, Muscatune silt loam, and Ogle silt loam.
The topography of the subject farm is level to gently rolling.
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
The 2021 real estate taxes totaled $8,672.64. The tax parcel number is #13-19-300-001.
grain markets
There are a number of grain markets located within 15 miles of The Martinek Farm.
The property is zoned AG, Agricultural Priority.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
86BOsco silt loam85.8314018916,222
9051AMuscatune silt loam22.681472004,536
412BOgle silt loam12.861301752,251
86AOsco silt loam10.121411911,933
199BPlano silt loam9.771411921,876
9061AAtterberry silt loam2.85132182519
3776AComfrey loam2.55138185472
363D2Griswold loam1.82109145264
Total Acres : 152.96 acres, more or less
Tillable Acres : 148.48 acres, or 97.07% per FSA figures
Productivity Index : 139.77
Weighted Average Corn Yield Index : 189.06 bushels per acre, based on tillable acres
Comparable Yield Index : 183.52 bushels per acre, based on total acres

Disclaimer: Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.

*Figures taken from the University of Illinois Bulletin 811, Optimum Crop Productivity Ratings for Illinois Soils.

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