Upcoming Auction
Stephenson County, IL
149.96 Acres M/L
W Nora Road & N Stubbe Road
Winslow, IL 61089
| Price | Click to Bid Online |
| Listing | #17980 |
Property Info
Description
Stephenson County, Illinois Farmland Auction – Mark your calendar for Tuesday, January 21st, 2025! Peoples Company is honored to represent the Melvin and Pauline Lutz Trust in selling 149.96 surveyed acres of prime farmland and recreational property in Stephenson County, Illinois.
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 73, providing smooth transportation for hauling grain or forage, with numerous grain elevators nearby.
This is a unique chance to acquire farmland that has been family-owned and unavailable to the public for generations. Farmland in this area of Stephenson County is known to be tightly held, with ownership often transferring from generation to generation. With long, straight rows, productive soils, and excellent road access, this farm will be a highly desirable add-on to an existing farming operation or a wise investment for the buyer looking to diversify their portfolio or hedge inflation.
Tract 1: 101.63 surveyed acres with 100.88 FSA tillable acres carrying a Productivity Index rating of 131.6.
Tract 2: 48.33 surveyed acres with 43.20 FSA tillable acres carrying a Productivity Index rating of 137.1.
The auction will be conducted on the Peoples Company Bid Wrangler auction platform. The bidding is live and will conclude on Tuesday, January 21st, 2025, at 3:00 P.M. CST. The two tracts will be sold on a price-per-acre basis. Take advantage of this opportunity to own a piece of prime Stephenson County farmland and scenic recreational land. Contact the listing agent for further details.
Legal Description
SE1/4 NW1/4; SW1/4 NE1/4; Part of the SE1/4 NE1/4 of Section 35, Township 29 North, 6 East, Stephenson County, Illinois and Part of the NW1/4 NW1/4; Part of the SW1/4 NW1/4; Part of the NW1/4 SW1/4 of Section 36, Township 29 North, 6 East, Stephenson County, Illinois. Exact Legal to be taken from Title Commitment.
Directions
From Winslow, Illinois: Travel south on IL-73 S/Carver Street for two miles. Turn left onto W Nora Road. Tract one will be on the left (North) side of the road. Tract two will be on the right (East) side of N Stubbe Road. Look for the Peoples Company signs.
From Lena, Illinois: Travel north on IL-73/N/N Schuyler Street. Continue for seven miles. Turn right onto W Nora Road. Tract one will be on the left (North) side of the road. Tract two will be on the right (East) side of N Stubbe Road. Look for the Peoples Company signs.
From Lena, Illinois: Travel north on IL-73/N/N Schuyler Street. Continue for seven miles. Turn right onto W Nora Road. Tract one will be on the left (North) side of the road. Tract two will be on the right (East) side of N Stubbe Road. Look for the Peoples Company signs.
- Sign On Property: Yes
- Parcel Number: 17-02-35-100-008, 17-02-35-200-004, 17-02-36-100-006, 17-02-36-300-001
- School District: Le-Win School 202
- General Area: South of Winslow, Illinois
- Net Taxes: $6,685.00
- Zoning: Ag
Interactive Map
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Tracts
Description
Tract one consists of 101.63 surveyed acres with 100.88 FSA cropland acres. This fertile tract is primarily composed of Osco silt loam and Plano silt loam, boasting a Productivity Index of 131.6. This nearly 100% tillable tract features long, straight rows with excellent drainage that buyers will surely appreciate. 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.
Legal Description
SE1/4 NW1/4; SW1/4 NE1/4; Part of the SE1/4 NE1/4 of Section 35, Township 29 North, 6 East, Stephenson County, Illinois. Exact Legal to be taken from Title Commitment.
Details
- Acres: 101.63 Acres M/L
- Parcel Number: 02-35-100-008, part of 02-35-200-004
- Productivity Index: 131.6
Directions
From Winslow, Illinois: Travel south on IL-73 S/Carver Street for two miles. Turn left onto W Nora Road. Tract one will be on the left (North) side of the road. Look for the Peoples Company sign.
From Lena, Illinois: Travel north on IL-73/N/N Schuyler Street. Continue for seven miles. Turn right onto W Nora Road. Tract one will be on the left (North) side of the road. Look for the Peoples Company sign.
Description
Tract Two is situated on the eastern side of N Stubbe Road and encompasses 48.33 surveyed acres with 43.20 FSA tillable acres. The tillable acres were previously enrolled into the Conservation Reserve Program (CRP), which expired on March 13th, 2024, and was paying $300 per acre or $12,960.00 annually. There are no contracts or leases on the farmland for the 2025 growing season. Additionally, this property is adjacent to the scenic Pecatonica River, offering outstanding recreational and hunting opportunities, making it a perfect haven for outdoor enthusiasts and nature lovers. Activities available on this property include fishing, hunting whitetail deer and turkey, riding ATVs, and camping.
Legal Description
Part of the SE1/4 NE1/4 of Section 35, Township 29 North, 6 East, Stephenson County, Illinois and Part of the NW1/4 NW1/4; Part of the SW1/4 NW1/4; Part of the NW1/4 SW1/4 of Section 36, Township 29 North, 6 East, Stephenson County, Illinois. Exact Legal to be taken from Title Commitment.
Details
- Acres: 48.33 Acres M/L
- Parcel Number: Part of 02-35-200-004, 02-36-300-001, 02-36-100-006
- Productivity Index: 137.1
Directions
From Winslow, Illinois: Travel south on IL-73 S/Carver Street for two miles. Turn left onto W Nora Road. Continue for one mile. Turn left onto N Stubbe Road. The property will be on the right (East) side of the road. Look for the Peoples Company sign.
From Lena, Illinois: Travel north on IL-73/N/N Schuyler Street. Continue for seven miles. Turn right onto W Nora Road. Continue for one mile. Turn left onto N Stubbe Road. The property will be on the right (East) side of the road. Look for the Peoples Company sign.
Bid Now
Auction Details & Terms
Stephenson County, Illinois Land Auction
149.96 Surveyed Acres
Offered in Two Tracts
149.96 Surveyed Acres
Offered in Two Tracts
Bidding is currently live and ends on Tuesday, January 21st, 2025, at 3:00 P.M. CST.
ALL BIDS WILL BE ON A PRICE-PER-ACRE BASIS
Sellers: Melvin and Pauline Lutz Trust
Attorney: Heather McPherson – McPherson Law Office
How to Bid?
Open up the Peoples Company auction you are interested in at PeoplesCompany.com. Click on any of the BID NOW icons within that auction. This will take you to our Online Bidding platform. Find the auction you wish to participate in and select it. To participate in that auction, click REGISTER TO BID. From there, you will need to create a bidder account. Once your bidder account is created and approved, you can actively bid on the property.
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: The property will be offered as two tracts. All bids will be on a price-per-acre basis. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. Bid increments will be at the sole discretion of the auctioneer. If you plan to bid, please register 24 hours before the close of the auction. Under no circumstances shall Bidder have any claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.
Real Estate Taxes: The Seller will pay all 2024 taxes, and the Buyer will be responsible for all 2025 taxes. The 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 Security First Title Company Trust account.
Closing: Closing will occur on or before Tuesday, February 25, 2025. The balance of the purchase price will be payable at closing in the form of a wire transfer.
Possession: Possession of the land will be given to the Buyer(s) at closing; Subject to Tenant's Rights.
Farm Lease: The farm is available for the 2025 growing season.
Farm Program Information: Farm Program Information is provided by the Stephenson 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 Stephenson County FSA and NRCS offices.
Survey: A survey has been completed on Tract One and Tract Two by Willett Hofmann & Associates Inc. No additional surveying or staking will be provided by the Seller.
Contract & Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a real estate sales contract and deposit the required earnest money into the Security First Title Company 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.
Photos
Tract 1 Photos
Tract 2 Photos
