Springfield, IL 62629 - Sangamon County

SANGAMON COUNTY, IL LAND AUCTION - 3AKR, LLC

Friday, September 6, 2024 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

Sangamon County, Illinois

The 3AKR, LLC real estate is located 6.5 miles northwest of Springfield, IL or 7 miles east of Pleasant Plains, IL, and less than 1 mile north of US Highway 125 along the east side of Smith Rd. The farm is further described as being located in Section 8, T16N-R6W, Gardner Township, Sangamon County, Illinois.

SELLER

3AKR, LLC

MANAGED BY

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

GENERAL INFORMATION

66.98 taxable acres 2 Tracts

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TRACT INFORMATION

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 providing an opportunity for whitetail deer hunting

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 providing an opportunity for whitetail deer hunting

Excellent building site potential

County water along Smith Rd.

Access along the west side from Smith Rd.

REAL ESTATE TAX INFORMATION

Tract 1

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

Tract 2

PIN 13-08.0-100-020 - 15A - $258.38

METHOD & TERMS

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 Buyers 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.

3AKR, LLC

Representing Attorney:

Randal W. Segatto | Barber, Segatto, Hoffee, Wilke & Cate, LLP

831 E. Monroe St., Springfield, IL 62701 | (217) 544-4868

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645