Located just 20 minutes south of Champaign-Urbana, this 63.61-acre tillable tract sits at the corner of County Roads 700E and 250N in Pesotum Township. With productive Drummer and Flanagan soils and an NRCS rating of Non-Highly Erodible Land (NHEL), the property is well-suited for intensive corn and soybean production.
Recent yields from crop insurance records confirm the farm's consistent performance:
Corn: 203 (2024), 216 (2022), 227 (2020) bu/ac
Soybeans: 74 (2023), 79 (2021) bu/ac
Soil tests from Fall 2021 indicate robust fertility, including a pH of 6.64, phosphorus at 110 lbs/ac, and potassium at 470 lbs/ac. FSA records show 63.47 effective crop acres, with 45.60 corn base acres and 15.21 soybean base acres.
The property offers:
Immediate possession for fall farm work
Open lease for 2026
Convenient access to I-57 and local grain markets
Annual property taxes of $3,009.56 ($47.31/ac)
This is a private treaty sale. A warranty deed and title insurance will be provided upon closing.
Contact Richard Hiatt at (309) 838-7933 or visit HiattLand.com for more information.
Terms & Conditions
Procedure:
The St. Peters Church Farm will be offered as one tract in a virtual online-only timed auction. Bidding will open at 9:00 a.m. CST and close at 12:00 p.m. CST on Thursday, September 4, 2025. Bidding and registration will be available at: https://bid.hiattland.com/ui/auctions/144264/20223523.
All bidding will be on a total dollars basis, based on taxable acres (no new survey). There will be no in-person bidding and no scheduled inspections, as this is tillable farmland only.
Registration:
All prospective bidders must register online prior to bidding. Hiatt Enterprises may request a letter of recommendation from a prospective bidder’s financial institution confirming funds are available for the 10% earnest money deposit and the financial capacity to close.
Acceptance of Bid Prices:
The successful high bidder will enter into a Contract to Purchase immediately following the close of bidding, subject to seller approval. Upon the close of the auction, the winning bidder must sign the purchase contract electronically (DocuSign) or return a signed copy by email to Rick@HiattLand.com by the deadline specified.
Down Payment:
A 10% non-refundable earnest money deposit of the total purchase price will be due within 24 hours of signing the purchase contract. Payment shall be made by wire transfer, personal check, business check, or cashier’s check to the designated escrow agent. The balance of the purchase price is due in cash at closing. The sale is not contingent on financing.
Closing:
Closing shall take place on or before 60 days after the auction date. Seller will convey merchantable title by warranty deed and provide an owner’s title insurance policy at seller’s expense.
Possession:
Possession will be granted immediately following the harvest of the 2025 crop.
Taxes & Prorations:
2025 real estate taxes due and payable in 2026 will be prorated to the date of closing. The 2025 cash rent, if any, will also be prorated accordingly.
Mineral Rights:
The sale shall include any and all mineral rights currently owned by the seller, if any.
Acreages & Survey:
Sale is based on taxable acres using the existing legal description. No new survey will be provided.
Easements:
The sale is subject to any and all recorded easements and rights-of-way.
Agency:
Hiatt Enterprises and its representatives are exclusive agents of the Seller.
Disclaimer:
All information contained in this brochure and all related materials are subject to the terms outlined in the Agreement to Purchase. The property is sold “AS IS, WHERE IS” with no warranties or guarantees, expressed or implied, by the Seller or Hiatt Enterprises. Each potential bidder is responsible for conducting independent inspections, inquiries, and due diligence. All sketches, dimensions, and acres are approximate. Seller and Hiatt Enterprises reserve the right to preclude any person from bidding. Under no circumstances shall any bidder have a claim against Hiatt Enterprises or Seller for internet service failure or bidding platform interruptions before or during the auction.
For additional information, contact Richard Hiatt at 309-838-7933 or visit www.HiattLand.com.
