New Grand Chain, IL 62941 - Pulaski County

LOCATION

Pulaski County, Illinois

Tract 1 of the Schnaare-Hudgins real estate is conveniently located approximately 1/2 mile west of Shawnee Community College, or 3 miles northwest of New Grand Chain, IL, or 6 miles east of Exit 18 for Ullin, IL from Interstate 57. It is further described as being located in Section 24, T14S-R1E, Grand Chain Township, Pulaski County, Illinois.

Tract 2 of the Schnaare-Hudgins real estate is located approximately 3 miles north of New Grand Chain, IL, or 3 miles west of Karnak, IL, or 14 miles southwest of Vienna, IL. It is further described as being located in Section 18, T14S-R3E, Grand Chain Township, Pulaski County, Illinois.

SELLER

The Schnaare-Hudgins Estate

MANAGED BY

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

GENERAL INFORMATION

100 taxable acres 2 tracts

The farm represents nearly 100% tillable cropland acres. Farmers and investors, be sure to check out this quality Pulaski County, IL farm!

TRACT INFORMATION

Tract 1 - 78 taxable acres

FSA figures should indicate 73 HEL cropland acres currently in row crop production

Productivity Index (PI): 103.5

Soil types include Alford and Belknap

Access is along the north side of the farm from Shawnee College Rd

Tract 2 - 22 taxable acres

FSA figures should indicate 17 HEL cropland acres currently in row crop production

Productivity Index (PI): 103.5

Soil types include Sciotoville, Alvin, and Hatfield

Access is along the east side of the farm from County Highway 37

METHOD & TERMS

Both tracts of the Schnaare-Hudgins farm will be sold individually, on a price per acre basis, based on the taxable acres. The tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract will continue to be offered Buyers 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, January 8, 2026.

The seller will provide title insurance in the full amount of the purchase price and pay the 2025 real estate taxes, due and payable in 2026, through credit at closing, said credit to be based on the most recent ascertainable tax year. Possession at closing subject to an existing lease for the 2025 crop year only. Open lease for 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.

Representing Attorney:

Elisha Sanders | Sanders & Twomey, LLC

208 N. Market Street, Suite B, Marion, IL 62959 | (618) 422-6789

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645