Menard County, IL Land Auction – Cochran

Friday, June 24, 2022 - 1:00 pm 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

SOLD!

TRACT 1 – $9,600 PER ACRE

 

TOTAL – $1,891,872.00

Location

Menard County, Illinois

The real estate is located approximately 1 mile south of Petersburg, IL, along the east side of Hwy 97/123 (20 miles northwest of Springfield, IL). The property is further described as being located in Section 24, T18N-R7W, Petersburg Township, Menard County, IL.

Seller

Daniel and Kallie Edge

Andrew and Abigail Cochran

Managed By

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

General Information

The farm contains a total of 197.07 taxable acres, will be sold in 1-tract and represents “CLASS A” farmland with a Productivity Index (PI) of 139.8. The property also contains some wooded acres which offer outdoor recreation and hunting opportunities.

Farmers and investors be sure to check out this investment quality central Illinois Class A farm.

Tract Information

  • 197.07 Taxable Acres±
  • FSA maps indicate 169.9 cropland acres
  • Productivity Index (PI): 139.8 (tillable acres)
  • Soil types include Littleton, Worthen and Tice
  • Balance of the farm is waterways and woods which offers outdoor recreation and hunting opportunities
  • State Highway 97/123 borders this tract along the west side and the Sangamon River runs along the east side
  • The IL Midland RR runs through the farm

Real Estate Tax Information

  • PIN 11-24-300-001 - 145.11 acres - $6,146.64
  • PIN 11-24-100-019 - 51.96 acres - $1,604.28

Method & Terms

The real estate will be sold on a price per acre basis, based on the 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 July 26, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. The 2022 real estate taxes will be prorated to the day of closing.

The farm sells subject to a one-year cash rent crop tenancy and the 2022 cash rent income will be prorated to the day of closing (contact auction manager for details). Possession will be given at the time of closing subject to the current 2022 farm lease.

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”.

Aerial Tour

PLat Map

Aerial Map

Soil Map

Sellers

Daniel and Kallie Edge

Andrew and Abigail Cochran

 

Closing Agent

Menard County Abstract

210 E Douglas St

Petersburg, IL 62675

(217) 632-2351