#1 • 160 Acres M/L

Part of McLean County, IL Land Auction - 160 Acres M/L (#18123) (live auction by Peoples Company)

Location: Arrowsmith, IL

High bid $11,800.00

Status: Sold

Peoples Company is pleased to present 160 Acres m/l of high quality McLean County farmland via live, public auction. Mark your calendar for Thursday, March 13th, 2025! The property is comprised of 155.87 FSA cropland acres with an average soil PI rating of 122.6. The main soil types found on this property are Wyanet silt loam and Sable silty clay loam. This farm has been professionally managed for many years to maintain excellent conservation practices, optimize productivity of the property, and keep accurate records. There have been several improvements made to the property including the installation of tile in 2020 to enhance drainage, please see attached tile maps. Recent soil tests have also been completed with results displaying great soil fertility and excellent yields with the 5 year averages on corn of 223 and soybeans of 60. Please contact agent for full yield and fertility records. The property is enrolled in a wind lease with Horizon Wind Energy LLC with one wind turbine located on the property and providing additional income to the landowner. The estimated annual payment on the property is an estimated $8,000 and is scheduled to grow at 2% annually for the remainder of the lease. The wind lease will be transferred with the sale of the farmland and the Buyer/Winning Bidder will receive the 2025 payment along with all future lease payments. The official wind lease documents can be obtained by contacting the listing agents. The auction will take place on Thursday, March 13th at 10:00 AM at the Arrowsmith Community Center located at 205 Ulmer St in Arrowsmith, Illinois. The property will be sold as one individual tract on a price-per-acre basis. The live auction will be available for viewing and bidding through our mobile bidding app for those who are unable to attend. The farm is located just east of Arrowsmith on the southeast corner of E 1200 North Road and N 3500 East Road in Section 13 of Arrowsmith Township.  The farm is open for the 2025 farming season and early possession of the farm may be granted immediately after the auction upon signed purchase agreement, earnest money deposit, and proof of liability insurance. Please contact agents for more details. Farmland in this area is tightly held, often passing from generation to generation, making this a rare opportunity to acquire a high-quality, highly tillable property. Whether you're expanding your operation or seeking a land investment, this farm presents an excellent opportunity. *Fertilizer was applied to the property last fall by the previous tenant. If the property is not leased to the previous tenant, the Buyer will reimburse the tenant for those fertilizer expenses at Closing. The exact amount of the fertilizer costs and fertilization details will be added to the website in the attachments section soon. **Ameren Corporation does plan to replace the power poles intersecting the property in the near future, although an exact timeline is uncertain. The crop damage amount will be paid to the Buyer. Legal Description The Northwest Quarter (NW1/4) of Section Thirteen (13), Township Twenty-three (23) North, Range Five (5) East in McLean County, Illinois. Exact legal description will be taken from Title Commitment. Directions From Arrowsmith: At the intersection of N Main Street and Young Street, head north for 0.5 miles. Turn right (east) on County Road 1200 for 2.2 miles. The farm lies on the south side of the road. Look for the Peoples company signs. Sign On Property: Yes School District: Ridgeview Community School District General Area: East of Arrowsmith, IL Net Taxes: $6,351.00 Productivity Index: 122.6 Zoning: Agricultural