Prime Marion County, IL 30 +/- Acre Online Only Land Auction
Bidding opens Sunday, July 26th at 12:00am CT.
Bidding begins to close on Wednesday, August 26th at 6:00pm CT.
Iuka, IL 62489
30 + or – acres located in Sec 16, 23.68 + or – tillable acres remainder wooded. Located in Iuka Township, Marion County, IL Soil Productivity Index 99.6, Excellent deer hunting and turkey land.
In 2026, the new owner will receive no cash rent or crop share. The new owner will take possession of the tillable land at closing, subject to harvest, and will receive possession of the wooded land at closing, provided that access to the wooded land does not damage any standing crop.
Road Frontage on Bottom Rd. just a few miles from Iuka, IL
Seller: Thomas A. and Cynthia Vahling 2017 Living Trust
Auction Terms & Conditions
Bidding will be conducted by the acre, with the final purchase price calculated by multiplying the winning bid by 30 acres. Any future survey will not affect the purchase price
Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence.
Auction: Property subject to seller conformation.
Bidding Method: By the acre. Final purchase price will equal the high bid multiplied by the total acres which is 30. The Purchase agreement will reflect the total tract price (not per-acre price).
Bidding Increments: $25.00 per acre.
Extended Bidding: Any bid placed in the final 3 minutes will extend bidding on by 3 minutes.
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 the title company.
Purchase Agreement: Successful bidders must sign purchase agreements on Thursday, Augst 27th (in person or via DocuSign).
Crops & Possession: The current farm tenant retains rights to the 2026 crop.
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.
80+/- acre Rochester Township, Sangamon County, IL online land auction. There are 75.68+/- tillable acres with a Soil Productivity Index of 126.6. Water and electric available. Suitable for investment property, farmland, building sites. Incredible location next to Rochester, IL. Auction begins to close on August 25th at 1:00pm CT.
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