Land Auction 270± Acres – 4 Tracts – Monroe Co, IL Auction

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Description

Land Auction 270± Acres – 4 Tracts – Monroe Co, IL Auction

Live & Online – Check back HERE for Online Bidding Link

Wednesday, July 29th, 2026, at 6:30pm CT

Live Auction: Monroe County Fairgrounds 4177 State Route 156, Waterloo, IL 62298

Land Located: Valmeyer, IL 62295

 

Property Viewing

  • April 4 | 9:00 – 11:00 AM, or by appointment
  • For additional information or to schedule a private viewing, contact Brad Chandler – 618-791-3289

 

Auction Overview

The tracts are being offered based on mapped acreage totaling 270.43± acres. Current tax records reflect 252.23± acres. A survey will be completed prior to auction day, and the survey will govern the final acreage and tract boundaries.

This offering presents an excellent opportunity to purchase quality farmland in Monroe County, Illinois.  As mapped there are 242.98 tillable acres.

 

Tract Details

  • Tract 1 – 11.73± Acres
    • All tillable farmland - Soil PI of 104.7
    • Located on the southeast side of State Route 156
    • The tract surrounds the residence at 756 State Route 156, Valmeyer, IL (residence not included in sale)
    • Part of Parcel: 09-08-100-001-000
  • Tract 2 – 108.94± Acres
    • 89.38± tillable acres - Soil PI of 106.4
    • Wooded ditch line present
    • Frontage on both “A” Road and State Route 156
    • Joins property located at 641 State Route 156, Valmeyer, IL (residence not included in sale)
    • Parcel: 09-05-400-001-000 & Part of Parcel: 09-08-100-001-000
  • Tract 3 – 80.35± Acres
    • 74.07± tillable acres - Soil PI of 107.4
    • Parcel: 09-07-200-002-000 & Part of Parcel: 09-08-100-001-000
  • Tract 4 – 70± Acres
    • 67.8± tillable acres - Soil PI of 114.4
    • Parcel: 06-30-400-001-000

 

Tax Information

Total tax acreage currently reflected at the courthouse: 252.23± acres Total 2024 Taxes: $5,312.64

Parcel breakdown:

  • 09-08-100-001-000 (divided between Tracts 1, 2 & 3) 143.63 acres — $3,196.42
  • 09-05-400-001-000 (part of Tract 2) 25.6 acres — $424.24
  • 09-07-200-002-000 (part of Tract 3) 13 acres — $254.28
  • 06-30-400-001-000 (Tract 4) 70 acres — $1,437.70

 

Directions

Tracts 1–3

00 State Route 156 – Valmeyer, IL

From Valmeyer, travel west on State Route 156 approximately 3 miles. Property lies near the intersection of State Route 156 and “A” Road, with frontage on both roads.

Tract 4

00 Levee Road – Valmeyer, IL

From Valmeyer, travel west on State Route 156 approximately 3 miles, then turn right onto B Road. - Follow B Road north for approximately 3 miles. When reaching the levee, keep left to continue on B Road. After crossing Fountain Creek, turn left onto Levee Road.Follow Levee Road approximately 1.5 miles. - Property will be on the right.

 

Terms & Conditions

Auction Schedule:

  • Bidding Opens Online: Mon, July 20th, 2026
  • Live Auction (with Online Bidding Available): Wednesday July 29, 2026 at 6:30 PM
  • Location of Live Auction: Monroe County Fairgrounds 4177 State Route 156, Waterloo, IL 62298

Seller’s Rights: Seller reserves the right to accept or reject the high bid.

Bidding Information

  • This is a live auction with simultaneous online bidding.
  • The auction will be conducted as Bidder’s Choice, with bidding per acre. The contract price will be calculated using the acreage on the survey.
  • The winning bidder will have the right to select the tract(s) of their choice at the winning per-acre bid price.
  • If bidding online, bidders must remain available by phone during the live auction. In-person attendance is strongly encouraged.
  • Pre-bidding: Bidders interested in multiple tracts are encouraged to place pre-bids on each tract of interest prior to the live auction.

Max Bidding:

  • Pre-bidding allows for maximum bids to be set online.
  • The highest online lump sum bid between both tracts will serve as the opening bid when the live auction begins.
  • During the first round of the live auction, the system will continue to bid automatically on the bidder’s behalf up to their maximum, but bidders (or their representatives) are strongly encouraged to attend the auction in person.

Bidder’s Choice Process:

  • In the first round of live bidding, the high bidder may elect to purchase Tract 1, Tract 2, Tract 3, Tract 4  or all at their winning per acre price.
  • If the high bidder selects all tracts, the auction concludes.
  • If only one tract is selected, bidding will reopen for the remaining tract(s) until all have been sold and final bid prices are confirmed.
  • Seller reserves the right to approve or reject any final bid.
  • Online bidders must be reachable immediately following each round of bidding to confirm choices.

Registration

  • All bidders must register with name, address, phone number, and email.
  • Online bidders must provide a copy of a valid state-issued ID. A Property Peddler team member will contact registrants before approval.
  • By registering, bidders agree to these Terms & Conditions.
  • Auctioneer reserves the right to decline registration or bidding privileges at their discretion.
  • Early registration is encouraged to receive property updates and notices of any changes.

Contract & Earnest Money

  • Contract: Successful high bidders must sign the auction purchase contract immediately after the auction (in person or electronically).
  • Earnest Money: A non-refundable 10% deposit is due on the day of the sale, payable to Columbia Title Company
  • Any stop payment or returned check will be deemed fraudulent and treated as intent to defraud.

Closing

  • Closing Date: On or before September 29th 2026.
  • Closing Costs: Buyer will pay the purchase price plus customary closing costs, including (but not limited to) escrow/closing fees, recording fees, prorations, and document-related charges. All financing-related fees are the responsibility of the Buyer.
  • Title Company: Columbia Title company

Property Details

  • Mineral Rights: Any owned mineral rights transfer with the property. No mineral search performed.
  • Possession: Subject to current farm lease.
  • Farming Rights: Current lease terminates upon completion of Fall Harvest 2026 or December 31, 2026, whichever comes first.
  • Taxes: Taxes will be prorated to the date of closing.
  • Survey:  Will be surveyed before auction day.
  • Financing: Bidding is not contingent on financing or appraisal. Buyers must secure financing, if needed, before bidding.

Disclaimers & Conditions

  • The property sells “AS IS, WHERE IS”, with no warranties expressed or implied.
  • Sale is subject to recorded easements, covenants, and restrictions.
  • Acreages, maps, and boundaries are approximate and not guaranteed. Buyers must conduct their own due diligence, inspections, and verifications.
  • Auctioneer, Seller, and Property Peddler Inc. assume no liability for errors, omissions, or inaccuracies in marketing or advertising materials.
  • The auctioneer is not responsible for missed bids, technical issues, or bidding errors. Buyers release Auctioneer from any claims relating to such matters.
  • Bidding increments and conduct of the auction are at the discretion of the Auctioneer. All decisions of the Auctioneer are final.
  • Announcements made by the Auctioneer on auction day take precedence over all previously printed or spoken information.
  • Property Peddler Inc., Auctioneer, and staff may bid at the auction.
  • The auctioneer reserves the right to cancel the auction or disqualify bidders.
  • Property Peddler Inc. and its staff are agents of the Seller only in this auction.
  • Buyers with an existing exclusive agency agreement with a licensed real estate broker will be responsible for paying their buyer’s agent commission.

 

P# A1140 /  MLS # 26009001

Auction Held with Auctioneer/Broker Brad Chandler of Property Peddler Inc. 618-221-5727

  • Auctioneer Brad Chandler, IL Auctioneer Lic. # 441.002105
  • Property Peddler Inc. IL Auctioneer Lic. # 444.000622

 

Useful Documents

Auctioneer

Property Peddler Inc. Real Estate and Auction

1811 North Market Street
Sparta, IL 62286

View Profile

Phone Number
877-473-2018
View Auctioneer's Listings

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