The farm will be sold as one tract. It is currently farmed in row crop production. The soil types are highly productive soils conducive to row crop production. Over 90% of the acreage is comprised of Drummer Silty Clay Loam with minor influence from Elliott Silt Loam and Varna Silt loam. County Road 2400N, the main access road, boarders the north boundary and Stateline road boarders the east boundary. This farm has been in row crop production. FSA data shows shows the cropland is 15.3 acres. The corn acreage base is 7.7acres with an yield of 154 bushels, per acre; soybeans 3.8 acres with a yield of 47 bushels per acre, Wheat has 3.8 acres with 51 bushels per acre. There is 2.59 acres of woods in the SE corner of the property that can be used for recreational purposes.
Procedure: The property will be offered as a virtual online auction format. Bidding and livestream viewing will be available at WWW.Hiattland.bidwrangler.com. Bidding will be on a dollars per acre basis and the final purchase price will be determined by multiplying the high bid by 18 acres. Registration: All bidders are required to register at WWW.Hiattland.bidwrangler.com no later than Tuesday December 2, 2025 at 12:00pm CST . Once the online registration form is filled out, it will be automatically sent to Hiatt Farmland Services for approval to allow bidding. Auction company may request a letter of recommendation from prospective bidder’s financial institution stating funds are available for the 10% deposit and that bidder has the financial capacity for final purchase.
Acceptance of Bid Prices: The successful high bidder will enter into a Contract to Purchase immediately following the close of bidding for presentation to the Seller. Final bid price is subject to approval or rejection by the Seller. Upon the close of the auction the winning bidder will either sign the Contract to Purchase in DocuSign or be forwarded via email or fax a contract to purchase. A signed copy of the contract must be returned and received by Hiatt Farmland Services on or before 12:00 o'clock. P.M. CST, Friday December 5, 2025 (faxed to 217-253-8646) or scanned and emailed to Russ@hiattland.com.
Down Payment: A 10% non-refundable down payment of the total contract purchase price will be due within 24 hours of the close of the auction from the winning bidder. The down payment may be paid in the form of a wire transfer, personal check, business check or cashier's check. Should the winning bidder not be approved by the Seller, the down payment shall be returned to the bidder as soon as practicable. Payment shall be made to the escrow agent to be determined at a later date. The balance of the contract purchase price is due in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.
Closing: The closing shall take place on or before Monday December 29, 2025 Possession: Possession will be given at closing. Tenant rights are open for the 2026 crop year.
Title: Seller will provide a proper deed conveying merchantable title to the real estate to the successful buyer free and clear of liens as well as title policy for the amount of the purchase price.
Real estate taxes and assessment: The 2025 calendar year taxes due and payable in 2026 will be paid by the seller.
Mineral rights: The sale shall include any and all mineral rights currently owned by the seller, if any.
Acreages: All acreages are approximate and have been estimated based on current legal descriptions, Real Estate tax documents with Vermilion County Assessor's office, FSA records and aerial mapping software. The following acres will be used for bidding purposes: Bidding will be based on
Easements and leases: The sale is subject to any and all easements. A wind easement agreement for the development of a wind farm is in place on all three tracts with a preliminary planned placement of a wind turbine on Tract 2. A copy of the easement agreement is posted with this listing.
Disclaimer: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Hiatt Farmland Services. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or Hiatt Enterprises. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the final round of bidding and increments of bidding are at the discretion and direction of the seller's agent. The seller and Hiatt Farmland Services reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. Under no circumstances shall bidder have any kind of claim against Hiatt Farmland Services or anyone else if the Internet service fails to work correctly before or during the auction.
Agency: Hiatt Farmland Services and its representatives are exclusive agents of the seller.
Seller: Smith Sisters, LLC
