170 Acres on the Block Saturday in Illinois
June 19, 2009 by Grant Gannon
Update: The complete tract of land went unsold during the brief auction. The first tract at 50 acres was passed on at $120,000, the second tract at 40 acres was unsold at $96,000 and the third tract at 80 acres was unsold at $192,000. A combination of all three tracts was passed on as well.
170 acres, broken up into three tracts of 50, 40 and 80 acres, goes on the block Saturday in Marion County, IL. The land can be used both for hunting and CRP income. Buy A Farm Land and Auction Co. will host the bidding.
The minimum opening bids on the property start at $2,400 an acre.
Located on Blackburn Road, 15 minutes from I-57 in Centralia, the property could be a solid buy if you happened to scoop up all three parcels. Each has a decent CRP income; they total about $6,500 per year. According to the listing, deer abound on the property.
This would make a nice long weekend retreat for hunters in St. Louis or Chicago.
Bids will be taken at the Iuka Grade School or online. 10% down is required at the end of the auction with the balance at closing.
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