www.bidschmid.com to bid or click on green box view online auction catalog.

40 Acre Land Auction Fayette County, IL

2748 N. 2100^th St. Beecher City, IL 62414

Auction will start to close @ 6pm Thursday, Oct 29^th Timed Online Auction

40 + or – Acre Land Auction 2 Homes, Wooded Land & Incredible Hunting

2748 N. 2100^th St. Beecher City, IL 62414

40 acres featuring two homes, mature marketable timber, exceptional deer and wild turkey hunting, and large ravines with potential for pond development through excavation.

Home 1: 1216 Sq. Ft. home 38’x32’ on crawl space, 1280 Sq. Ft. pole garage w/concrete floor 32’x32’ & 2 overhead doors, 304 Sq. Ft. covered porch 8’x38’, 736 Sq. Ft. wood deck 16’x46’ and above ground pool, 2 bedroom, open floor plan, 1 bathroom w/walk in shower, on septic system. 

Home 2: 1200 Sq. Ft home 40’x30’ w/bathroom, utility room & open floor plan. 1 bedroom and 1 bathroom and full basement.

Located in Sec 15, Loudon Township, Fayette County, IL

The property is offered as a single tract because future surveys and easements, large ravines, and the homes’ shared driveway make division difficult.

Fayette Water and Southwestern Electric Cooperative

Click “Documents” on the website to view the property card, which lists the approximate construction years of the structures.

The property will be sold by the acre. The final bid will be multiplied by 40 to determine the purchase agreement price, which will remain unchanged regardless of future surveys.

This partition-sale auction is subject to court approval. After the auction, the successful bidder must make a 10% down payment, which will be held in escrow by Burtschi Bros. Title Company in Vandalia, Illinois. If the court does not approve the sale, the deposit will be refunded. Court approval is expected and is generally a formality.

Only two scheduled property viewings will be offered; private viewings are unavailable. The viewings will be held Wednesday, October 14, from 1–3 p.m., and Friday, October 23, from 1–3 p.m.

Legal: The Northwest Quartr of the Southwest Quarter of Section 15, Township 8 North, Range 3 East of the Third Principal Meridian, except all oil, gas and other minerals underlying the surface and all rights and easement in favor of the said mineral estate, situated in Fayette County, Illinois

PIN: 10-08-15-300-001

Possession of the real estate shall be surrendered to the successful buyers at closing. Any personal property remaining on the real estate at closing shall be deemed abandoned and shall become property of the successful buyers to be disposed of by the successful buyers as they see fit.

Real Taxes shall be pro-rated to the date of closing, with the successful buyer or buyers being credited for an such taxes having accrued but remaining unpaid.

The property has active oil production, but the new owners will not receive any current or future production proceeds.

Any bidder who fails to close without cause within sixty days of court approval of the sale shall forfeit their earnest money deposit, which shall then be applied first to the cost of the sale, and then distributed to the owners of the real estate in proportion to their interests.

Bidding Method: By the acre. Final purchase price will equal the high bid multiplied by the total acres which is 40. 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: A 10% down payment is due Friday, Oct. 30^th, and will be held in escrow by the title company. The remaining balance is due at closing, within 60 days of court approval.

Purchase Agreement: Successful bidders must sign purchase agreements Friday Oct. 30^th. (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.

Bidders engaging in fraudulent activity will be subject to prosecution. Please note that submitting a bid constitutes a legally binding contract.