MADISON COUNTY, IL LAND AUCTION - KBPB, LLC

Madison County, Illinois

KBPB, LLC

James Bommarito

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

The KBPB, LLC farm is conveniently located 5 miles northwest of Collinsville, IL or 14 miles east of St. Louis, MO with Interstate 255 road frontage and borders the Arlington Greens Golf Course. The real estate is further described as being located in Sections 7 and 18, T3N-R8W, Collinsville Township, Madison County, Illinois. The property contains a total of 147.75 acres, will be sold in 1 tract and represents a combination of productive tillable cropland with mature timber providing excellent outdoor recreational opportunities.

• 86.67 NHEL cropland acres
• Productivity Index (PI): 117.1
• Soil types include Birds, Wakeland, and Dupo • Balance of the farm represents timber which offer outstanding deer, turkey, and dove hunting opportunities
• Access from the south and west from Dublin Dr. • Development potential with Interstate 255 road frontage
• No hunting lease for 2023
• Buyer to receive all of the 2023 cash rent income

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 Tuesday August 1, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. The buyer will be responsible for the 2023 and all subsequent real estate taxes. The farm sells subject to a crop lease agreement through 12/30/2023 (contact auction manager for details). Full possession will be given at the time of closing. There are no hunting leases on the property.

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”.