Land Sale of the Week: $12,500 to $16,250 in Western Illinois

May 27, 2016 10:02 AM
 
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A May 19 auction saw 340 acres in Adams and Brown counties, Ill., sell for as much as $12,500 to $16,250 an acre. The total offering consisted of five separate tracts with the first tract of 113.5 acres located on the edge of Timewell in Brown Co., bringing $13,000 an acre. The ground was level, all tillable, pattern tiled and offered a soil PI of 135.5 with 147 being maximum.

Tract 2 was located northeast of Timewell and offered 52.5 acres with 51 acres tillable and a PI of 134.4. It brought $12,750 an acre.

Tract 3 was located about three miles east of Golden in Adams County. It offered 68 total acres and was 100% tillable with a PI rating of 130.7. It brought $12,500 an acre.

Tract 4 was southeast of Golden and offered 65 total acres and 56 tillable acres with 33 of the total classified HEL. Its soil PI was 111.2. It sold for $6,000 an acre.

Tract 4 consisted of 40 acres, which was 100% tillable. The farm was located northeast of Clayton in Adams Co., and carried a PI of 131.4. It sold for $16,250 an acre.

Tracts 1-3 and 5 are rented for 2016 at an annual cash rent of $200 an acre. Tract 4 is rented for 2016 at $175 an acre.

Handling the auction was Sullivan Auctioneers, LLC, Hamilton, Ill., 844-847-2161.

If interested in seeing a copy of LandOwner, just drop me an email at landowner@profarmer.com or call 800-772-0023.

 

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