PIKE COUNTY, IL LAND AUCTION - SANDERSON FARM, LLC

Pike County, Illinois

The Sanderson Farm, LLC real estate contains 129.20 taxable acres± to be sold in 2 tracts located in Pike County, Illinois. The farms are located approximately 2 miles southeast of Milton, IL, or 14 miles southeast of Pittsfield, IL, and are further described as being located in Sections 9 & 10, T6S-R2W, Montezuma Township, Pike County, Illinois.

129.20 taxable acres± • 2 tracts

The farms are nearly all tillable Class A soil farms. Farmers and investors, be sure to check out these investment quality Pike County, IL farms!

Tract 1 – 47.68 taxable acres±

• FSA records should indicate 47.71 NHEL cropland acres
• Productivity Index (PI): 136.9 (Class A)
• Soil types include Wakenda, Virden, Bethalto, and Downsouth
• Nearly 100% tillable
• Access along the south side from 200th Ave

Tract 2 – 81.52 taxable acres±

• FSA records should indicate 81.40 NHEL cropland acres
• Productivity Index (PI): 138.2
• Soil types include Ipava, Wakenda, Downsouth, and Bethalto
• Nearly 100% tillable
• Access along the west side from Branchwood Rd

The Sanderson Farm, LLC real estate will be sold on a price per acre basis, based on taxable acres. The tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the 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 “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 Tuesday, July 2, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Buyer will be responsible for all 2024 real estate taxes and beyond. Possession of both tracts will be at closing, subject to the 2024 farm lease, of which the new buyer will receive income for the 2024 crop year (contact auction manager for details). Open lease for 2025 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

• 62-018-06A - 47.15 Acres - $1,667.62
• 62-16-200-004 - .53 Acres - $20.84

Tract 2

• 62-018-12 - 40.75 Acres - $1,661.32
• 62-018-11 - 40.77 Acres - $1,566.82