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ONLINE AUCTION - The auction platform is open for bidding. The auction closes April 13, 2021, beginning at 1 p.m. Central Time.
Apr 13, 2021 - 1:00 PM
Please call to schedule an inspection.
Directions to Auction
ONLINE AUCTION: The auction platform is open for bidding. Please visit mgw.us.com/zippe to bid. The auction closes April 13, 2021, beginning at 1 p.m. Central Time.
Directions to Farm
From U.S. Route 67 just east of Matherville, travel west on 130th Avenue 2.2 miles to 240th Street. Then head south 0.8 mile to 125th Avenue. From there, travel west 1.5 miles, and head west at the T-intersection for 0.3 mile to arrive at the property.
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 May 11, 2021. 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 shared equally between the seller and buyer. The 2022 real estate taxes and all subsequent year taxes shall be paid by the buyer.
Crops And Expenses
The farm is leased for the 2021 crop year and the buyer will receive a cash rental credit in the amount of $5,000.
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.
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. 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.
Description of Property
Part of the Southwest Quarter of Section 30 and Part of the Northwest Quarter of Section 31, Township 15 North – Range 2 West (Preemption Township), Mercer County, Illinois.
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 Tuesday, April 13th, 2021. 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.
The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
The subject farm is located approximately 150 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Matherville (2 3/8 miles east), Viola (4 1/4 miles southeast), and Aledo (4 1/2 miles southwest).
There is approximately 1/4 mile of road frontage on 125th Avenue.
Illinois Route 17 is 3 1/8 miles south, U.S. Route 67 is 3 1/4 miles east, and Illinois Route 94 is 3 3/4 miles west of the property.
A brief legal description indicates The Zippe Farm is located in Part of the Southwest Quarter of Section 30 and Part of the Northwest Quarter of Section 31, Township 15 North – Range 2 West (Preemption Township), Mercer County, Illinois.
There are a total of 160 acres, more or less, according to the Mercer County Assessor’s Office.
There are approximately 44.5 acres currently in crop production, estimated. There are 53.51 cropland acres, according to the Mercer County FSA.
The primary soil type on this farm is Rozetta silt loam.
The topography of the subject farm is level to rolling.
All mineral rights owned by the seller will be transferred in their entirety to the new owner.
Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
The 2019 real estate taxes totaled $903.74. The tax parcel numbers are #05-05-30-100-010, #05-05-31-100-005 & #05-05-31-100-006.
There are a number of grain markets located within 10 miles of The Zippe Farm.
The Zippe Farm is zoned AG-1, Agricultural District.
Exceptional recreational property featuring productive tillable acres, abundant wildlife, streams, and a variety of hardwood trees.