Freise Trust Farm
Upcoming Auction
LaSalle County, IL
80.00 Acres M/L
80.00 Acres M/L
N 36th Road
Ottawa, IL 61350
| Price | Click to Bid Online |
| Listing | #19880 |
Designated Managing Broker
Ray Brownfield, ALC, AFM
Office: 855.800.LAND
Mobile: 630.258.4800
[email protected]
Property Info
Description
Legal Description
Directions
- Sign On Property: Yes
- Parcel Number: 08.34.401.000
- General Area: northwest of Ottawa, Illinois
- Net Taxes: $4,748.02
- PI: 143.4
- Zoning: Agriculture
Interactive Map
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Auction Details & Terms
LaSalle County, Illinois Farmland Auction
80.00 Acres M/L
Offered in One Tract
Wednesday, December 9, 2026 @ 10:00 AM CST
Seller. The Kent M Freise Revocable Trust
80.00 Acres M/L
Offered in One Tract
Wednesday, December 9, 2026 @ 10:00 AM CST
Seller. The Kent M Freise Revocable Trust
Live Online Only Bidding. Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live online only auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that neither Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.
Auction Method. The tract will be sold via the live online only auction method on Wednesday, December 9, 2026, at 10:00 AM. Online bidding will be available.
Bidder Registration. All prospective bidders must register with Peoples Company and receive a bidder number to bid during the auction.
Agency. Peoples Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.
Farm Program Information. Farm Program information is provided by the LaSalle County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company.
Earnest Money Payment. A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in the Peoples Company Trust Account.
Closing. Closing will occur on or before Friday, January 8, 2027. The balance of the purchase price will be payable at closing in the form of cash, a guaranteed check, or a wire transfer.
Possession. Possession of the land will be given at closing, subject to tenant's rights.
Farm Lease. The current farm lease has been terminated, and farming rights are available for the 2027 growing season. Contact the listing agents for more information.
Contract & Title. Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit the required earnest money payment into the Peoples Company Trust Account. The Seller will provide a current title commitment at their expense. The sale is not contingent upon Buyer financing.
Financing. The purchaser’s obligation to purchase the property is unconditional and is not contingent upon the purchaser obtaining financing. Any financial arrangements are to be made before bidding at the auction. By the mere act of bidding, the bidder makes a representation and warrants that the bidder has the present ability to pay the bid price and fulfill the terms and conditions provided in the Contract.
Fences. Existing fences (if any) are in as-is condition and will not be updated or replaced by the Seller. Not all boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.
Other. This sale is subject to all easements, covenants, leases, and restrictions of record. All property will be sold on an “As Is-Where Is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a "Price Per Acre" amount. Peoples Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. With prior approval of the Auctioneer, absentee or phone bids will be accepted at the auction. All decisions of the Auctioneer are final.
Disclaimer. All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform its investigation of the property before bidding at the auction. The brief legal description in the marketing material should not be used in legal documents. The full legal description will be taken from the title commitment.
Seller reserves the right to accept or reject any and all bids.
Seller reserves the right to accept or reject any and all bids.
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