1,600 Acres Up For Auction In Illinois

Published on: 12:01PM Aug 13, 2009

Mike Walsten

1,600 acres of flat, productive Illinois farmland with excellent access to rail and interstate highways will go under the gavel September 10. The land is being sold by the bankrupt VeraSun Energy Corp., which put the land together with the intention of building an ethanol plant on the land located near Granite City. The land to be sold is located in three counties -- Madison, Montgomery and Vermilion. Just over half of the land is located near the St. Louis area.

The first offering features 487 acres, all contiguous, mostly all tillable, on the southern edge of Litchfield in Montgomery County. The land has easy access to I-55 and excellent rail access. The property, which is nearly all tillable, will be offered in 11 tracts, combinations and in its entirety. Tract sizes range from 2 acres to 83 acres. A farm home plus outbuildings and 17,000 bu. storage are included.

The second offering is 380 acres, all contiguous, mostly all tillable, wedged between two rail lines on the northern edge of Granite City in Madison County. It will be offered in eight tracts ranging from 1.2 acres to 230 acres, combinations and in its entirety. There are two homes on the property. The land is near a Lowe's and Wal-Mart so there is the opportunity for industrial or commercial development.

This third property is 733 acres on the south edge of Tilton, which is just south of Danville in Vermilion County. Like the other properties, the 733 acres is all contiguous and nearly all tillable. Tract sizes range from 35 acres to 250 acres and will be offered by tract, in combination and in its entirely. Like the other tracts, there is rail and interstate highway access.

Handling the auction is Schrader Real Estate & Auction Co., Inc., Columbia City, Ind., and Westchester Auctions, LLC, Champaign, Illinois.

The land will be auctioned in two sessions with the Madison and Montgomery County tracts sold at 9 a.m. at the Staunton Knights of Columbus Hall in Staunton, Illinois. The Vermillion County property will be sold at 6 p.m. (CT) at the Beef House restaurant near Covington, Indiana.

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