The Wenona Farms

Auction Date

Jun 17, 2026 - 1:00 PM

Inspection Location

Please call to schedule an inspection.

Directions to Auction

Virtual Live Online Auction at mgw.us.com/wenona

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 17, 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/wenona, 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 three-tract virtual live online auction at 1 p.m. Central Time on June 17, 2026. The sale will begin with bidding on tract 1, which includes two separate parcels. Then tracts 2 and 3 will be offered using the high bidder’s choice method, with the choice to the high bidder to take any one tract or both tracts. Should the high bidder not select both tracts, the remaining parcel will be offered with another round of bidding until all tracts are selected. 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.

Mineral Rights

The Buyer will receive and the Seller will convey all mineral rights that the Seller owns relating to the property.

location

The Wenona Farms are located approximately 85 miles southwest of Chicago O'Hare International Airport. Nearby cities include: Wenona, Toluca, and Streator.

frontage

Tract 1 has approximately 5/8 mile of road frontage on Illinois Route 17 and 1/4 mile on County Road 2700. Tracts 2 and 3 both have 1/2 mile of road frontage on County Road 3100 E.

major highways

The Wenona Farms are in close proximity to Illinois Route 17, Interstate 39/U.S. Route 51, Illinois Route 251, Illinois Route 18, and Illinois Route 117.

legal description

A brief legal description indicates The Wenona Farms are located in Part of the Southeast Quarter of Section 1, Part of the Northeast Quarter of Section 12, Part of the Southwest Quarter of Section 28, and Part of the Southeast Quarter of Section 29, all in Township 30 North - Range 1 East (Evans Township), Marshall County, Illinois.

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.

grain markets

There are a number of grain markets located within 15 miles of The Wenona Farms.