McDonough County, Illinois McGaughey Land Auction

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Auction Description:

McDonough County, Illinois McGaughey Land Auction
Live and Online Auction
Auction Date/Time: March 30th, 2026 – 10:00am
Location: Macomb VFW Post 1921, 1200 East Jefferson Street, Macomb, IL 61455

Selling 78± Acres of Highly Productive McDonough County Illinois Farmland | Offered in 2 Tracts

Pre-Auction Property Viewing:
Tuesday, March 10th, 2026, from 11:00 a.m. to 1:00 p.m. at the farm.

PROPERTY LOCATION
From the Intersection of Grant St. & Johnson St. (E 1200 St., St. Francis Blacktop) in Macomb, travel south on Johnson St. 5.6 miles. Turn right onto N. 600th Road. From there drive west 1.5 miles. The McGaughey Farm lies on the south side of the road.

The Property:
The farm consists of 78 +/-being sold as 2 tracts. Tract 1, the west tract consists of approximately 42 acres +/-. Tract 2 the east tract consists of approximately 36 acres +/-. The property will be surveyed to determine exact acreages.

Tract 1
Tract 1 contains 42 acres and is nearly 100% tillable offering and excellent opportunity for productive row crop faming. A survey is currently in progress and will be provided upon completion. The predominant soil types include Ipava Silt Loam and Clarksdale Silt Loam. Loth well-regarded for strong agricultural performance.

Tract 2
Tract 2 consists of approximately 36 acres and offers an excellent opportunity for productive row-crop farming. A survey is currently in progress and will be provided upon completion. The predominant soil types include Ipava Silt Loam and Clarksdale Silt Loam, both recognized for their strong productivity and proven yield potential.

Terms & Conditions:
The McGaughey Farm will sell by surveyed acre, on a per acre basis. The buyer will have the choice to elect either tract individually or both.
The buyer shall pay 10% down on the day of sale with the balance due at closing within 30 days. This will be a live in person auction with internet bidding available through the Wheeler Live bidding platform. Internet bidders must be preapproved 24 prior to the sale. Immediately following the sale, the successful buyer(s) will sign a sales agreement and issue a check for 10% down payment. Payment is non-refundable and made payable to Terrill Abstract and Title Co., LLC. The down payment may be paid in the form of personal check, business check, or cashier’s check. The remainder of the purchase price is payable at closing. Your bidding is not contingent upon financing. Be sure you have arranged financing, if needed, and are capable of paying the balance at closing.

Closing:
The closing will be on or before April 30th, 2026 at the office of Terrill Abstract & Title Co., LLC, 117 South Side Square, Macomb, IL 61455. Title work and closing cost will be split 50/50 between the buyer and seller.

Possession and Tenancy:
There are no tenant agreements in place for 2026. Possession will be given upon acceptance of the earnest money to prepare for the 2026 crop year. If a non-farmer or investor purchases the land, the former tenant would like to submit an offer to continue farming the offering.

Taxes:
The seller will be responsible for the 2025 taxes payable in 2026. The buyer will be responsible for the 2026 taxes and beyond.

Acreage/Survey:
The property will sell by surveyed acre. The selling price based on the acreage multipliers is final and no future adjustments in sale price will be granted to either the buyer or the seller.

Agency:
Wheeler Auctions & Real Estate and its representatives are Exclusive Agents for the sellers.

Disclaimer:
The property is being sold on an “as is, where is basis”, ad no warranty or representation, either express or implied, concerning the property is made by either the sellers or the auction company. Each bidder is responsible for conducting their own independent inspections, investigations, and all due diligence concerning the property and the verification by all parties relying on it. Diagrams/dimensions in this brochure are approximate. All information contained in this brochure and any related materials are subject to the terms and conditions of sale outlined in purchase contract. Auction conduct and bidding increments are at the sole direction and discretion of the auctioneer. All decisions of the auctioneer are final. The sellers and the Auction Company reserve the right to preclude anyone from bidding if there is a question as to the person’s credentials, fitness, intent, etc

Visit WheelerLive.com or call Paige Sayre 308-760-4333 for information regarding added online purchasing fees or registration questions.

SELLER:
Ted & Pam McGaughey

FOR MORE INFORMATION:
Chris Butcher
CALL NOW 309-255-0123

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