CARROLLTON, Ill., June 26, 2014 /PRNewswire/ -- Approximately 1,342 acres of contiguous Illinois farmland will sell at auction Wednesday, July 30, with Murray Wise Associates managing the event.
The Greene County land, 92 percent of which is tillable, is being offered in nine tracts, with eight farmland tracts ranging from 64 acres to 302 acres. It is located along County Road 350 East (River Road), approximately six miles north of Eldred. Also included in the auction is a five-acre building site with multiple grain and equipment storage facilities.
"This is a major opportunity for either area farmers or for investors, because there have been relatively few contiguous farms of this size and quality being sold at auction," said Kenny Schum, vice president of Murray Wise Associates.
The auction will be structured so that bidders may bid on any combination of tracts or on the property as an entirety.
"Because the land is contiguous, I wouldn't be surprised to see one buyer for all of this property, but we could have as many as nine. I believe this size property will attract the interest of investors from outside the area, but it's equally attractive to local operators who may wish to have one or two of these tracts to farm with their existing equipment," said Schum.
The auction will begin at 1 p.m. Wednesday, July 30, at the Carrollton Knights of Columbus Hall in Carrollton.
Auction representatives will be available at the property from 10 a.m. to noon Tuesday, July 1, and Thursday, July 10 to provide detailed information and accommodate inspections.
Murray Wise Associates LLC, headquartered in Champaign, Ill., is a leading national agricultural real estate marketing and financial advisory firm, with additional offices in Florida and Iowa.
For more information:
Carl Carter, 205-823-3273
- Consumer Discretionary
- Real Estate