60.25 Acre Wabash County, IL No Reserve Online Land Auction
Bidding begins to close on April 23rd at 6:00pm CT
To see more pictures click the BID NOW link
Signs will be posted on property Friday April the 3rd!!! ONLINE ONLY AND ZERO BUYER PREMIUM!
Tract 1 • 38.64 + or – acres, 38.64 + or – tillable acres, Three10K bushel bins, and excellent terrace system, immediate farming rights, Soil PI 102.3 Located in Sec 18, Bellmont Township, Wabash County, IL. Parcel # 10-18-300-00. 2025 taxes payable in 2026 was $901.24.
Tract 2 • 21.61 + or – acres, 21.61 + or – tillable acres, north & south of Hwy 15, immediate farming rights, Soil PI 122.8 Located in Sec 36, Bellmont Township, Wabash County, IL. Parcel # 09-36-200-024. 2025 taxes payable in 2026 was $625.88.
Sellers: Josh, David, and Adam Macke
Terms -
The new owner will be responsible for all taxes associated with 2026, which are payable in 2027, as they will receive the 2026 crop.
Farming Rights: After the Tittle Co. receives the 10% down payment to be held in Escrow and purchase agreement are signed the buyer has immediate farming rights.
Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence.
Bidding Method: Bids are per acre; final price is the high bid times the acres. Tract 1final bid x 38.64 and Tract 2 final bid x 21.61. The purchase agreement will state the total tract price, which remains fixed regardless of future surveys. Tracts will sell individually and will not be combined. when there is a bid on either tract an additional 3 minutes will be added.
Bidding Increments: $25.00 per acre.
Extended Bidding: Any bid placed when the bid is under 3 minutes an additional 3 minutes will be added. Tracts sell separately but when there is a bid on either tract an additional 3 minutes will be added.
Down Payment & Closing: 10% of the total purchase price is due on auction day. The remaining balance is due at closing, approximately 40 days following the auction. Down payment is held in escrow with the title company.
Purchase Agreement: Successful bidders must sign agreements on Tuesday April 24th in person or via DocuSign.
Condition: Real estate sells “As Is.” Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only.
Announcements: Auction day announcements take precedence over printed materials.
Liability: Schmid Auction is not responsible for accidents.
909 E Main Street
Teutopolis, IL
62467
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