40 Acre No-Reserve Online Only Shelby County IL Land Auction
Listing ID#: 906900
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County Rd. 3400 East Gays, IL 61928 |
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Bidding Starts: Monday Oct 26, 9:00 AM Bidding Ends: Tuesday Nov 24, 5:00 PM |
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 Online Auction
VIEW ONLINE CATALOG |
| Company Information |
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Schmid Auction & Realty Co. Contact: Trent Schmid Phone: 217-857-1507 Email: sold@schmidauction.com Website: www.schmidauction.com/ EstateSale.com ID#: 8468 View company information and listings |
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www.bidschmid.com or click on green box view online auction catalog 40 + or – Acre No-Reserve Online Only IL Land Auction Rural Shelby County IL Gays IL Located on County Rd. 3400 East Tues, Nov. 24th 5:00PM Timed Online Auction 40 + or – acres, 38.44 + or – tillable acres, Soil Productivity Index 112.2, Located in Sec 35, Ash Grove Township, Shelby County, IL In 2025, yields were 109 bushels of wheat and 43 bushels of double-crop soybeans per acre. Despite extremely dry conditions in 2026, corn yielded 225 bushels per acre. In prior years, soybean yields have reached 80 bushels per acre, while corn yields approached 300 bushels per acre. The 40-acre tract includes four dry dams with tile intakes and tiled terraces. Seller: Probst Porkers Ltd. ZERO BUYER PREMIUM – NO RESERVE Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence. Auction: Absolute Auction land sells regardless of price. Bidding Method: Bidding is by the acre. The final purchase price will be the high bid multiplied by 40 acres, and the purchase agreement will state the total tract price rather than the per-acre price. The purchase price will not be adjusted based on any future survey. Bidding Increments: $25.00 per acre. Extended Bidding: On Tuesday November 24th at 1PM Any bid placed in the final 3 minutes will extend bidding on by 3 minutes. Simply, if there is a bid with less that 3 minutes left it ads 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 Tuesday, Nov 24th or Wednesday Nov 25th (in person or via DocuSign). Crops & Possession: The crop has been harvested and new owner will have farming rights at closing. Each auction bid is a binding contract. Fraudulent bidding may be prosecuted to the fullest extent of the law. By accepting the auction terms, bidders agree to comply with all applicable laws and take their obligations seriously. 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.
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