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SOLD

LAND AUCTION - 638+/- ACRES - OFFERED IN 15 TRACTS - MADISON COUNTY, IL

Madison County - Hartford, IL

Owner: 111 West South, LLC, 111 West North, LLC, 111 East, LLC, Wanda Road, LLC Wed, Oct 20, 2021

AUCTION IS OVER

TOTAL SOLD: $4,835,850

Tract(s): 1 @ $489,250 ($7,523/acre)
Tract(s): 2-7 @ $2,523,500 ($8,119/acre)
Tract(s): 8-12 @ $1,524,400 ($9,499/acre)
Tract(s): 13 @ $49,440 ($1,069/acre)
Tract(s): 14 @ $164,800 ($4,201/acre)
Tract(s): 15 @ $84,460 ($5,761/acre)

• Industrial Zoning • Easy Access to Major Interstate Hwy I-255 and I-270 • Fast Growing Area for Distribution and Warehousing • Close to Gateway Commerce Center • Utilities Available • Potential Rail Road Access • Nearly All Tillable Cropland • Level Topography • Lake and Wooded Sites

As an update to the brochure, all tracts in this auction can now be combined in any manner a bidder chooses with no restrictions.


INFORMATION BOOK


OPEN HOUSE/INSPECTION DATES

Thursday, September 23 from 9-11am
Tuesday, October 5 from 9-11am
Tuesday, October 19 from 1-3pm
Meet a Schrader Representative at Tract 3 (near the grain bins).

PROPERTY LOCATION

14 miles Northeast of downtown St Louis & 6 miles West of Edwardsville, IL
Tracts 1-13: From the St Louis Metro Area, at the junction of I-270 and IL Rt 111, take IL Rt 111 North 4 miles to Tracts 1-13.
Tracts 14 and 15: From the St Louis Metro Area, at the junction of 1-270 and IL Rt 111, take IL Rt 111 3.8 miles to Wagon Wheel Rd, east 1.5 miles to Wanda Rd, turn North 1.7 miles to Tracts 14 and 15.
Tracts 1-13: From downtown Edwardsville, take St Louis St (becomes New Poag Rd) West 6.7 miles to IL Rt 111, turn North 1 mile to Tracts 1-13
Tracts 14 and 15: From downtown Edwardsville, take St Louis St (becomes New Poag Rd) West 5.2 miles to Wanda Rd. Turn North 2.5 miles to Tracts 14 and 15.

AUCTION LOCATION

St Gregory Armenian Community Center - 3501 Century Dr Granite City, IL 62040

TRACT DESCRIPTIONS

Tract 1: 65.0± ac Consisting of nearly 100 percent cropland having a level topography with access along IL St Rt 111 and frontage along Canal Rd.

Tract 2: 82.2± ac Consisting of nearly 100 percent cropland, having a level topography with frontage Robbins Rd, public water available.

Tract 3: 58± ac Consisting of nearly 100 percent cropland, having a level topography with frontage along Robbins Rd, public water available.

Tract 4: 30± ac Consisting of nearly 100 percent cropland, having a level topography with frontage along Robbins Rd. Improvements including two 12,000+/- bushel steel grain bins with aeration and unloading augers, public water available.

Tract 5: 57.3± ac Consisting of nearly 100 percent cropland, having a level topography with frontage along Robbins Rd. Public water available.

Tract 6: 30.0± ac Consisting of nearly 100 percent tillable cropland having a level topography with frontage along Robbins Rd. Public water available.

Tract 7: 53.3± ac Consisting of nearly 100 percent cropland, having a level topography with frontage along Robbins Rd and potential Railroad access.

Tract 8: 28.8± ac Consisting of nearly 100 percent cropland, having a level topography with frontage along IL Rt 111 and Wagon Wheel Rd.

Tract 9: 20.2± ac Consisting of nearly 100 percent cropland, having a level topography with frontage along Wagon Wheel Rd. Public sewer available.

Tract 10: 20.2± ac Consisting of nearly 100 percent cropland having a level topography with frontage along Wagon Wheel and Cemetery Rd. Public water and sewer available.

Tract 11: 62.5± ac Consisting of nearly 100 percent cropland having a level to slightly sloping topography with frontage along Cemetery Rd. Public water and sewer available.

Tract 12: 28.8± ac Consisting of a recreational hunting and fish lake with access from IL Rt 111.

Tract 13: 46.2± ac Consisting of a combination of cropland and potential recreational usage. Frontage along Robbins Rd.

Tract 14: 39.2± ac Consisting of mostly cropland. Frontage on Wanda Rd.

Tract 15: 14.7± ac Mostly wooded tract with a rolling topography. Potential building or recreational usage. Frontage along Wanda Rd.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE (UPDATED 10-06-21): The property will be offered in 15 individual tracts and any combination of tracts or the whole property. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

BUYERS PREMIUM: A 3 percent Buyers Premium will be added to the final bid price and included in the contract purchase price.

DOWN PAYMENT: 10 percent down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: Sellers shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Sellers shall provide Warranty Deed(s).

CLOSING: The targeted closing date will be approximately 30 days after the auction.

POSSESSION: Possession is at closing, subject to Farm Tenants rights to harvest the 2021 crop.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning w/ 2022 taxes due in 2023 and thereafter.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed w/ auction personnel. Further, Sellers disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Sellers shall provide a new survey for each tract in the auction. Sellers and successful bidder(s) shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Check the auction website for copies of the new surveys and updated tract acreages.

AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the Sellers.

DISCLAIMER and ABSENCE OF WARRANTIES: All info contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The info contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

Managing Broker/Auctioneer: Rex D. Schrader II ph: 800.451.2709

#471.006686 #441.001031

Schrader Real Estate and Auction Company, Inc.

800.451.2709, www.SchraderAuction.com #478.025754 #444.000158