The Wright Family Land Auction
Union County Illinois
696+/- Acres
Tillable, Hunting, & a Quarry
May 18, 2024 Saturday 10:00 am
St Mary's Church Parish Hall – 402 Freeman St, Anna, IL 62906
Parcel Tax ID Numbers 06-29-04-944, 06-19-04-607, & 06-20-04-621
The Wright Family is pleased to present 696+/- acres of prime Illinois farmland, hunting land and quarry at public auction on Saturday, May 18, 2024 at 10:00am.
The auction will be held at St.
Mary's Church Parish Hall in Anna, IL.
This expansive property, under longtime family ownership since 1939, will be offered in 6 individual tracts ranging from 5 to 388 acres.
The land features approximately 282 highly productive tillable acres.
The non-tillable acreage provides excellent hunting and recreational opportunities.
Tracts 1, 2, 3 and 6 are contiguous and total 165 acres, while Tracts 4 and 5 are standalone parcels of 389 and 142 acres respectively.
In addition to the tillable land, the property contains approximately 275 acres of quality merchantable timber, adding significant value for buyers.
A March 2024 timber assessment by consulting forester Eric Holzmueller estimates the total timber value at $330,000.
The timber resource includes mature black walnut, poplar, hickory, oak, sycamore, maple, and ash, with Tracts 4 and 5 holding the majority of the timber value at $177,000 and $105,000 respectively.
Timber quality is average to above average for the area.
The property also includes an active limestone quarry famous for producing some of the highest quality agricultural lime in the nation.
The quarry has been leased and operated since 1964 and is currently being ran by Shawnee Stone.
With robust demand for crushed limestone in the construction and agriculture sectors, this presents a unique value-added component for buyers.
Bidding will utilize the multi-par method, allowing buyers the choice to bid on any individual tract, combination of tracts, or the entire property.
Final price is subject to seller confirmation.
A 10% down payment is due within 24 hours of the auction, with closing to follow on or before July 16, 2024.
Seller will provide clear title at closing.
2023 and prorated 2024 real estate taxes will be credited to buyer at closing.
A 5% Buyers Premium will be added to the high bid to establish the contract price.
This is a once-in-a-generation opportunity to acquire a substantial and diverse Southern Illinois land holding with strong income potential from farming, timber, recreation and mineral extraction.
Contact Joe Ollis Real Estate & Auction for complete terms, additional information, and to arrange a private preview of the property.
Maps, photos, soil, and quarry production data are available at www.
ollisauction.
com.
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