Upcoming Auction

Pike County, IL
200.00 Acres M/L

900 E
Hull, IL 62343

Listing

#18176

LAND AGENT

Adam Crist

Office: 608.482.1229
Mobile: 608.482.1229
Adam.Crist@PeoplesCompany.com

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Property Info

Description

Pike County, Illinois Farmland Auction – Mark your calendar for Tuesday, April 8th, 2025! Peoples Company is pleased to represent the Gray Land Trust in the sale of 200± acres with 198.61 FSA cropland acres. This farmland is located in northwestern Pike County, just south of Hull, Illinois. This farm has an open lease for 2025, making it your last chance to add more acres for the upcoming farm year.

Tract 1: 40± Acres with a Productivity Index of 128.0.

Tract 2: 80± Acres with a Productivity Index of 124.4.

Tract 3: 80± Acres with a Productivity Index of 120.9.

This rare opportunity offers excellent potential for growth and expansion, whether you’re looking to establish or expand your row-crop operation or secure a top-grade land investment. This property is ideally situated close to Illinois Route 72, providing smooth transportation for hauling grain, with numerous grain elevators nearby. Additionally, the Mississippi River offers further opportunities for the new owner.

This auction presents a unique chance to acquire farmland that has been family-owned and unavailable to the public for generations. Farmland in this area of Pike County is known to be tightly held, with ownership often transferring from generation to generation. Featuring long, straight rows, productive soils, and excellent road access, this farm will be highly desirable—whether as an addition to an existing farming operation or as a wise investment for those looking to diversify their portfolios or hedge against inflation.

The auction will take place at the Hull Community Center in Hull, Illinois, on April 8th, 2025, at 10:00 A.M. CST. Online bidding is available through the Peoples Company Bid Wrangler auction platform. The three tracts will be sold on a price-per-acre basis. For further details, please contact the listing agent.

Legal Description

SE1/4 SE1/4 of Section 28, Township 4 South, 7 West, Pike County, Illinois and NE1/4 of Section 33, Township 4 South, 7 West, Pike County, Illinois. Exact Legal to be taken from Title Commitment.

Directions

From Hull, Illinois: Travel south on Old High School Road. Continue on 180th St/900 E for two miles. The three tracts will be on the right (West) side of the road. Look for the Peoples Company signs.

Sign On Property: Yes
Parcel Number: 47-041-09, 47-044-04
General Area: South of Hull, Illinois
Net Taxes: $2,979.00
Productivity Index: 123.7
Zoning: Ag

Interactive Map

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.

Downloads

FSA-156EZ

Wetland Determination

Marketing Brochure

Tracts

Tract 1 - 900 E, Hull, IL 62343

Tract Photos

Description

Tract One consists of 40± acres and has a Productivity Index of 128.0. The primary soil type of this tract is Wakeland silt loam. This nearly 100% tillable tract features long, straight rows and excellent road access. This high-quality tract would make a great addition to an existing farming operation, an investment-grade quality land purchase, or a long-term investment for the buyer looking to diversify their portfolio. This farmland tract is available for the 2025 cropping season.

Legal Description

SE1/4 SE1/4 of Section 28, Township 4 South, 7 West, Pike County, Illinois. Exact Legal to be taken from Title Commitment.

Details

Acres: 40.00 Acres M/L
Parcel Number: 47.041.09
Net Taxes: $703.00
Productivity Index: 128.0

Directions

From Hull, Illinois: Travel south on Old High School Road. Continue on 180th St/900 E for two miles. The tract will be on the right (West) side of the road. Look for the Peoples Company signs.

Downloads

Tract 2 - 900 E, Hull, IL 62343

Tract Photos

Description

Tract Two consists of 80± acres and has a Productivity Index of 124.4. The primary soil type of this nearly 100% tillable tract is composed of Titus silty clay loam and Orion silt loam. With long, straight rows and excellent road frontage, this parcel would make a great addition to an existing farming operation, an investment-grade quality land purchase, or a long-term investment for the buyer looking to diversify their portfolio. This farmland tract is available for the 2025 cropping season.

Legal Description

N1/2 NE1/4 of Section 33, Township 4 South, 7 West, Pike County, Illinois. Exact Legal to be taken from Title Commitment.

Details

Acres: 80.00 Acres M/L
Parcel Number: Part of 47.044.04
Net Taxes: $1,138.00
Productivity Index: 124.4

Directions

Downloads

Tract 3 - 900 E, Hull, IL 62343

Tract Photos

Description

Tract Three offers 80± acres of prime farmland and boasts a Productivity Index of 120.9. Featuring Titus silty clay loam and Beaucoup silty clay loam, this highly tillable tract is nearly 100% farmable, with long, straight rows and convenient road access. Ideal for expanding an existing farming operation, securing an investment-grade property, or diversifying a portfolio with a high-quality land asset, this tract is available for the 2025 cropping season.

Legal Description

S1/2 NE1/4 of Section 33, Township 4 South, 7 West, Pike County, Illinois. Exact Legal to be taken from Title Commitment.

Details

Acres: 80.00 Acres M/L
Parcel Number: Part of 47.044.04
Net Taxes: $1,138.00
Productivity Index: 120.9

Directions

From Hull, Illinois: Travel south on Old High School Road. Continue on 180th St/900 E for two miles. The tract will be on the right (West) side of the road. Look for the Peoples Company signs.

Downloads

Auction Details & Terms

Auction Location Map

Pike County, Illinois Farmland Auction
200± Acres

Tuesday, April 8th, 2025

Offered in Three Tracts

ALL BIDS WILL BE ON A PRICE-PER-ACRE BASIS

Sellers: Gray Land Trust No. 34191100

Attorney for Seller: Christopher G. Scholz

Scholz Palmer Duesterhaus LLP

625 Vermont Street

Quincy, IL 62301

Auction Location:

Hull Community Center

200 Walnut Street

Hull, Illinois 62343

Title Company:

Western Illinois Title Services, LLC

130 S. Madison Street, Suite A

Pittsfield, IL 62363

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live 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 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.

Auctioneer & License Number: Jesse Meyer - No. 2652-52

Agency: Peoples Company and its representatives are agents of the Seller. The winning bidder(s) acknowledge that they are representing themselves in completing the auction sales transaction.

Auction Method: All three tracts will be sold on a per-acre basis and will be offered through the “Buyer’s Choice Auction Method,” whereas the winning bidder may elect to take, in any order, one, two, or three tracts for their high bid. The “Buyer’s Choice Auction Method’ auctioning will continue until all three tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option, and online bidding will be available.

Real Estate Taxes: The real estate taxes will be prorated between the Seller and Buyer(s) to the date prior to closing. Taxes are approximated to the best of our knowledge in the marketing material, and the title company shall confirm the final tax amount before closing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Visit http://peoplescompany.bidwrangler.com/

Financing: The sale of the property is not contingent upon the Buyer obtaining financing. All financing arrangements are to have been made before bid submission. By bidding, the bidder makes a representation that he/she has the present ability to perform at the bid price and will fulfill all obligations within the Real Estate Sale and Purchase Agreement.

Earnest Money Payment: A 10% earnest money payment is required within 24 hours of the conclusion of the auction. The earnest money payment may be paid in the form of a wire transfer or check. All funds will be held in the Western Illinois Title Services, LLC Trust account.

Closing: The closing will occur on or before Wednesday, May 15th, 2025. The balance of the purchase price will be payable at closing via wire transfer.

Possession: Possession of the land will be given to the Buyer(s) at closing. Early possession may be granted upon deposit of Earnest Money and a copy of liability insurance.

Farm Lease: The farm is available for the 2025 growing season.

Farm Program Information: Farm Program Information is provided by the Pike County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc., are subject to change when the farm is reconstituted by the Pike County FSA and NRCS offices.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder(s) will enter into a real estate sales contract and deposit the required earnest money into the Western Illinois Title Services, LLC Trust account. The terms of the signed Real Estate Purchase Contract shall govern the sale and shall supersede all prior negotiations, discussions, representations, or information regarding the sale, including this brochure. The Seller will furnish, at Seller’s expense, a current Title Commitment for an Owner’s Policy in the amount equal to the Total Purchase Price. Buyer will pay the premium for any title insurance policy Buyer chooses to obtain. The Seller agrees to convey marketable title to the property. This sale is not contingent on financing.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and 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 is 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 basis. Peoples Company and its representatives are agents of the Seller. The winning bidder(s) acknowledge 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. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final. This auction is with reserve.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc., may vary from figures stated within the marketing material. The Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from Title Commitment.