VIRTUAL ONLINE
SANGAMON COUNTY, ILLINOIS LAND AUCTION WEDNESDAY, JULY 2, 2025 AT 10:00 AM CT 120 TAXABLE ACRES± • SELLING IN 1 TRACT
AUCTION MANAGERS:
MARTHA ESTHER COCKCROFT HOLLY RAA-OEHAU - SELLERS Representing Attorney: Bernard G. Segatto III | Barber, Segatto, Hoffee, Wilke & Cate LLP 831 E Monroe St, Springfield, IL 62701 | (217) 544-4868
RODNEY BORROWMAN (630) 247-0667
JOHN BORROWMAN (217) 430-0645
SCAN FOR ADDITIONAL DETAILS, MAPS, PHOTOS & BIDDING!
WWW.SULLIVANAUCTIONEERS.COM (844) 847-2161 | LICENSE #444000566
LOCATION & GENERAL INFORMATION
The real estate is located 1 mile west of Chatham, IL city limits, or 5 miles south of Springfield, IL, or 6 miles north of Auburn, IL. The farm is further described as being located in Section 11, T14N-R6W, Chatham Township, Sangamon County, Illinois. This 120-acre tract near Chatham, IL offers a prime opportunity for farmers and investors, combining well-maintained farmland with potential for development due to its proximity to local amenities. Its size and condition make it suitable for agricultural use or various development projects, promising a versatile investment opportunity.
TRACT INFORMATION
• 120 taxable acres± • FSA records indicate 120.78 NHEL cropland acres • Productivity Index (PI): 138.5 (Class A) • Soil types include Virden, Ipava and Hartsburg • The balance of the acres is grass waterways • Access along the south side from West Walnut St./ East Loami Rd. and the west side from Broaddus Rd. AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. NO BUYER’S PREMIUM! IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161
138.5
METHOD & TERMS
The farm will be sold on a price per acre basis, based on taxable acres. 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 August 4, 2025. No Buyer’s Premium. The seller will provide title insurance in the full amount of the purchase price and will pay all the 2024 taxes due in 2025 through a credit at closing based on the best available information. The current tenant is responsible for the 2025 taxes per the current farm lease agreement. Buyer will receive half of the 2025 cash rent via a credit at closing – contact the auction manager for details. Possession at closing, subject to an existing cash rent lease for the 2025 crop year only. Open lease for the 2026 crop year. 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 pertaining to this property. Real estate is being sold “AS IS”.
ADDITIONAL INFORMATION, PHOTOS & BIDDING AVAILABLE ONLINE: www.SullivanAuctioneers.com
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
120 TAXABLE ACRES±
VIRTUAL ONLINE | SANGAMON COUNTY, IL LAND AUCTION WEDNESDAY, JULY 2, 2025 AT 10:00 AM CT
SELLING IN 1 TRACT
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS | (844) 847-2161 | LICENSE #444000566 MARTHA ESTHER COCKCROFT HOLLY RAA-OEHAU
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