SANGAMON COUNTY, IL LAND AUCTION - COCKCROFT

Sangamon County, Illinois

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.

120 taxable acres± • 1 tract

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.

• 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.

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”.

PIN 28-11-0-00-100-002 - 120 A - $5,046.44 (2024)