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Northern White Silica Sand

651 N. 3029th Road - La Salle, IL

Description

Northern White Silica Sand Reserve

City of La Salle, Illinois

  • 64.5 Million Tons 
  • Meets API specs for frac sand
  • Minimal overburden (average 7.5 Ft.)
  • 14% 20/40, 56% 40/70, 26% 70/140
  • Seam thickness 67 to 89 feet
  • 240 acres with mineral rights
  • Adjacent to operating silica mine
  • Zoned M-1 Light Industrial

 If you would like to receive the Offering Memorandum for this property, please email your request and provide your name, company name, address and telephone number to:  This email address is being protected from spambots. You need JavaScript enabled to view it. or give us a call at 312.278.0600 extension 101

Why Buy This Property

LA SALLE IS THE CAPITAL OF SILICA SAND -  Be in the heart of Silica Sand, in fact there is an operating silica sand mine immediately east of the property along I-80.

LOCATION - City of La Salle located on I-80, only 90 miles southwest of Chicago, 5 miles north of the Illinois River. I-39 is only two miles away.  It is also 250 miles south of the Wisconsin sand mines thereby allowing for year round shipping on the Illinois and then the Mississippi Rivers at Peru and Ottawa.

LOGISTICS - This location in the City of La Salle is especially attractive and provides excellent logistics opportunities via trucking, rail and barge facilities all within close proximity.  The Illinois Railway to BNSF is eleven miles away. BN and CSX facilities are within seventeen miles.  There are two combination rail / barge facilities on the Illinois River as well as at Peru and at Ottawa. The property is five miles from the Illinois River.  A new truck to rail transload on the Union Pacific is eight miles north of the property on I-39.  

ESTIMATED RESERVE:  64.5 Million Tons

ANALYSIS - In 2013 Marino Engineering Associates of Urbana, IL conducted testing on the site and reported sand seam thickness range from 67 to 89 feet with an overburden averaging 7.5 feet.  The samples were analyzed by Stim-Lab, Duncan, OK and meet API specifications for frac sand.  The study determined an estimated reserve:

  • 9.3 million tons of 20/40
  • 36.6 million tons of 40/70
  • 16.5 million tons of 70/140
  • over 2.0 million tons of other sizes

 

 

Property Location

Auction / Date / Time

Sealed Bid Auction
December 07, 2017 2:00 P.M. CST

Property Video

Offering Strategy

MINIMUM BID:  $7.5 MILLION OR $0.12/TON

Inspection Dates

Inspections:  By Appointment Only.  Please note: Inspections begin promptly.  Please give us a call at 312.278.0600 extension 101 in advance of the inspection to let us know you will be attending and enable us to send you more information.

Auction Location

Sealed Bid Auction:  Bids are to be delivered either by email to info@fineandcompany.com or to the offices of:

Fine & Company LLC
747 Lake Cook Road, Suite 100W
Deerfield, IL 60015

Details

Certified Funds To Bid : $100,000

Buyer's Premium (Buyer's Fee) : 6% of the high bid

In Cooperation With : JLL - Jones Lang LaSalle

Contact Person

  Fine And Company LLC
  Michael A.Fine, CCIM, CAI, AARE
  Illinois, United States
  312-278-0600
  michael@fineandcompany.com

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Order Bidder's Information Packet

A Bidder's Information Packet is required to bid. The packet includes: auction and property information, mineral studies, title report, survey, real estate tax bill, local information, auction purchase and sale agreement, and terms of sale.

Bidder's Information Packets are available in PDF format for $60.00. To order your Packet or call us at 312.278.0600 ext. 101 or email us at info@fineandcompany.com 

Other Information

Broker Participation : Buyer's Agent participation is invited!
A 2% referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. 

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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