CHRISTIAN COUNTY, IL LAND AUCTION - NORRIS

Wednesday, November 1, 2023 at 10:00 A.M.

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at

(844) 847-2161

How to participate in a Virtual Online Auction

LOCATION

Christian County, Illinois

The James H. Norris farm is located approximately 8 miles south of Taylorville, IL or 14 miles northwest of Pana, IL or 34 miles southeast of Springfield, IL. The real estate is further described as being located in Section 35, T12N-R2W, Johnson Township, Christian County, Illinois.

SELLER

Salvation Army - James H. Norris Farm

MANAGED BY

David Smith (217) 841-0821

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

GENERAL INFORMATION

80 taxable acres± • 2 tracts

The property contains a total of 80 taxable acres±, will be sold in 2 tracts, and represents productive tillable cropland. Farmers and investors, be sure to check out this well-maintained Christian County, Illinois property.

AUCTION BROCHURE

VIEW INTERACTIVE AUCTION BROCHURE

INTERNET BIDDING CATALOGS

CLICK HERE FOR INTERNET BIDDING AND IMPORTANT DOCUMENTS

SOLD!

TRACT 1 - $14,700.00 PER ACRE

TRACT 2 - $14,700.00 PER ACRE

TOTAL - $1,176,000.00

TRACT INFORMATION

Tract 1 – 40 taxable acres±

FSA figures indicate 36.67 NHEL cropland acres
Productivity Index (PI): 127.7
Soil types include Virden, Oconee, Herrick, Edinburg, and Harrison
Access along the north side from E 675 North Rd

Tract 2 – 40 taxable acres±

FSA figures indicate 38.13 NHEL cropland acres
Productivity Index (PI): 120.4
Soil types include Oconee, Harrison, Pana, and Virden
Access along the south side from E 675 North Rd

METHOD & TERMS

The James H. Norris 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 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 Friday, December 1, 2023.

The seller will provide title insurance in the full amount of the purchase price. Seller will retain all of the 2023 income and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Open lease for 2024 crop year and beyond. Possession at closing.

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”.