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Virtual Live Online Auction at mgw.us.com/mendota
Auction Date
Jun 25, 2026 - 1:00 PM
Inspection Location
Please call to schedule an inspection.
Directions to Auction
Virtual Live Online Auction at mgw.us.com/mendota
Auction Terms & Conditions
agency
Martin, Goodrich & Waddell, Inc. (MGW) and its representatives are agents of the Seller.
earnest money escrow
The successful bidder as determined by the Auctioneer is required to make a 10% down payment of the accepted bid price by 5 p.m. on the day of auction, with the balance due at closing. The earnest money payment may be submitted by cashier’s check or wire transfer.
closing
The closing date shall be on or before July 24, 2026. 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 2025 real estate taxes due and payable in 2026 shall be paid by the Seller. The 2026 real estate taxes shall be prorated between the Seller and Buyer through the date of closing. All subsequent year taxes shall be paid by the Buyer.
Crops And Expenses
The 2026 cash rent shall be prorated between the Seller and Buyer through the date of closing.
conveyance
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.
survey
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.
disclaimer
Announcements made the day of the auction supersede any previously made statements or material provided, whether printed or oral. Advertised information is subject to the terms and conditions of the purchase agreement between the Seller and Buyer. All provided maps, data, acreages, and images 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.
disclosure
Some photos may be stock photography and are for illustrative purposes only.
Bidding Information
All bidders must register and be approved before the auction starts. The Auctioneer will call bids from the offices of MGW, and you will be able to view and listen to the auction on-screen as the sale proceeds. To register, go to mgw.us.com/mendota, click on the “View/Bid Here” button, and follow the prompts to register. Bidders will receive additional information via email within 48 hours prior to the auction. The auction is online only and there will not be advance bidding. Bidding is not conditional upon financing.
Method
The property will be offered in a one-tract virtual live online auction at 1 p.m. Central Time on June 25, 2026. 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. The successful bidder 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 bidder via email. A signed copy of the purchase agreement must be received by MGW by 5 p.m. on the day of auction.
Property Details
location
The subject farm is located approximately 68 miles southwest of Chicago O'Hare International Airport and is partially located within the city of Mendota. Nearby cities include: LaSalle (10 miles south), Amboy (16 miles northwest), and Ottawa (16 1/2 miles southeast).
frontage
There is approximately 1/4 mile of road frontage on N 4250th Road.
major highways
U.S. Route 34 is 1/2 mile north, U.S. Route 52/Illinois Route 251 is 1 mile west, and Interstate 39/U.S. Route 51 is 2 miles east of the property.
legal description
A brief legal description indicates The Mendota Farm is located in Part of the Southwest Quarter of Section 34, Township 36 North - Range 1 East (Mendota Township), LaSalle County, Illinois.
total acres
There are a total of 113.55 acres more or less, according to the LaSalle County Assessor.
tillable acres
There are approximately 92.4 cropland acres according to the LaSalle County FSA.
soil types
Major soil types found on this farm include Muscatune-Buckhart silt loams and Catlin silty clay loam. The weighted average Productivity Index (PI) is 131.
topography
The topography of the subject farm is level to gently rolling.
mineral rights
All mineral rights owned by the seller will be transferred in their entirety to the new owner.
possession
Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
financing
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
taxes
The 2024 real estate taxes totaled $5,109.40. The tax parcel numbers are #01-34-303-000 & #01-34-310-000.
grain markets
There are a number of grain markets located within 10 miles of The Mendota Farm.
zoning
The property is zoned A-1, Agriculture District (LaSalle County) & CR - Conservation - Recreational District (City of Mendota).