VIRTUAL ONLINE
MACOUPIN COUNTY, ILLINOIS LAND AUCTION THURSDAY, FEBRUARY 15, 2024 AT 1:00 PM CT 320 ACRES± (SUBJECT TO SURVEY) • SELLING IN 3 TRACTS
TRACT 1
TRACT 1
TRACT 2
TRACT 2
TRACT 3
TRACT 3
TRACT 3
AUCTION MANAGERS:
ILLINOIS LAND TRUST 539
Representing Attorney: Barry Hines, Attorney at Law 1224 Centre West Drive, Suite 200A, Springfield, IL 62704 | (217) 953-4051
RODNEY BORROWMAN (630) 247-0667
JOHN BORROWMAN (217) 430-0645
DETAILS, MAPS, PHOTOS & BIDDING: WWW.SULLIVANAUCTIONEERS.COM
SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107
LOCATION & GENERAL INFORMATION
The Illinois Land Trust 539 real estate is located approximately 5 miles northwest of Carlinville, IL, or 14 miles southwest of Girard, IL, or 22 miles northwest of Litchfield, Illinois. The property is further described as being in Sections 1 & 12, T10N-R8W, Bird Township, Macoupin County, Illinois. The real estate contains a total of 320 acres+/- (subject to survey) and will be sold in 3 tracts. Tracts 1 and 2 are highly productive, nearly all-tillable Class A soil farms, and Tract 3 is a combination farm with tillable and recreational acres. Farmers and investors, be sure to check out these investment-quality Macoupin County, IL farms.
SUBJECTS
CARLINVILLE
TRACT INFORMATION
TRACT 1 – 80 ACRES± (SUBJECT TO SURVEY) • FSA figures should indicate 81.39 NHEL cropland acres • Productivity Index (PI): 133.1 • Soil types include Herrick, Virden, and Keller • Nearly 100% tillable • Access along the west side from Branchwood Rd TRACT 2 – 80 ACRES± (SUBJECT TO SURVEY) • FSA figures should indicate 81.64 NHEL cropland acres • Access along the west side from Branchwood Rd TRACT 3 – 160 ACRES± (SUBJECT TO SURVEY) • FSA figures should indicate 143.68 NHEL cropland acres • Productivity Index (PI): 129.9 • Soil types include Herrick, Keller, and Virden • The balance of acres is in timber • Access along the south side from Colbrook Rd • Productivity Index (PI): 134.2 • Soil types Herrick and Virden
METHOD & TERMS
ADDITIONAL INFORMATION, PHOTOS & BIDDING AVAILABLE ONLINE: www.SullivanAuctioneers.com The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Buyer will be responsible for all the 2024 real estate taxes and beyond. Possession on tract 1 will be given at the time of closing, subject to a farm lease for the 2024 and 2025 crop years of which the new buyer will receive the landowners share of the farm lease income for 2024 and 2025. Possession on tracts 2 and 3 will be given at the time of closing, subject to a farm lease for the 2024 crop year of which the new buyer(s) will receive the landowners share of the farm lease income for 2024 (contact the auction managers for the details regarding the farm lease). There are no hunting leases associated with tract 3. Open crop tenancy for 2026 and beyond on tract 1 and for 2025 and beyond on tracts 2 and 3. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”. The Illinois Land Trust 539 real estate will be sold on a price per acre basis, based on surveyed acres. The tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Thursday, March 28, 2024.
133.1
134.2
129.9
AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. NO INTERNET BUYER FEES! IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
320 ACRES± (SUBJECT TO SURVEY) SELLING IN 3 TRACTS
VIRTUAL ONLINE | MACOUPIN COUNTY, ILLINOIS LAND AUCTION THURSDAY, FEBRUARY 15, 2024 AT 1:00 PM CT
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, A BIGIRON COMPANY | (844) 847-2161 | LICENSE #444000107 ILLINOIS LAND TRUST 539
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