SANGAMON COUNTY, IL LAND AUCTION - 3AKR, LLC

Tract 1 – 51.98 taxable acres±

• FSA figures should indicate 42.46 UHEL cropland acres
• Productivity Index (PI): 126.9
• Soil types include Osco and Ipava
• Remaining acres in timber and waterways
• Excellent building site potential
• County water along Smith Rd.
• Access along the west side from Smith Rd.

Tract 2 – 15 taxable acres±

• FSA figures should indicate 10.28 UHEL cropland acres
• Productivity Index (PI): 108.9
• Soil types include Elkhart and Radford
• Remaining acres in timber and waterways
• Excellent building site potential
• County water along Smith Rd.
• Access along the west side from Smith Rd.

The 3AKR, LLC farm will be sold on a price per acre basis, based on taxable acres. Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect either or both tract(s) for their high bid. If the high bidder does not elect both offered tracts, then the remaining tract will be offered. 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, October 11, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay all the 2024 real estate taxes, due and payable in 2025. Buyer will receive possession at closing subject to a farm lease for the 2024 crop year, full possession upon removal of the 2024 crop. Open lease for 2025 crop year and beyond.

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, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.

Tract 1

• PIN 13-08.01-100-031 - 51.98A - $1,786.96

Tract 2

• PIN 13-08.0-100-020 - 15A - $258.38