Tracts 1 & 2 represent productive tillable cropland, and Tract 3 is mostly wooded with mature trees and some income producing tillable acres - excellent hunting and outdoor recreational opportunities.

Farmers, investors and outdoor enthusiasts, be sure to check out these properties.

TRACT INFORMATION

Tract 1 - 62 taxable acres

FSA records indicate 65.31 NHEL cropland acres

Productivity Index (PI): 104.4 (tillable acres)

Soil types include Oconee, Marine, and Hickory

Balance of the acres in wooded and grass waterway

North 20th Ave borders along the north side

Tract 2 - 52 acres (subject to survey)

FSA records should indicate 40.07 HEL cropland acres (split field)

Productivity Index (PI): 115.1 (tillable acres)

Soil types include Oconee, Harrison, and Keller

Balance of the acres is the deeded access road and waterways

Access off N21st Ave via the abandoned railroad ROW (this is a deeded roadway which goes with Tract 2)

Tract 3 - 62 acres (subject to survey)

FSA records indicate 19.94 HEL cropland acres

Productivity Index (PI): 92.1 (tillable acres)

Soil types include Hickory, Bunkum-Atlas, and Harrison

The balance of the acres is mature woodland with a small pond which offers excellent hunting and outdoor recreational opportunities

West Frontage Road borders along the east side and additional access from the abandoned railroad ROW on the west side

METHOD & TERMS

The Hannig real estate will be sold on a price per acre basis, based on the taxable acres on Tract 1 and the surveyed acres on Tracts 2 & 3. All 3 tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any or all 3 tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all 3 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 January 15, 2026.

The seller will provide title insurance in the full amount of the purchase price and pay all the 2025 real estate taxes (due in 2026) based on the most recent figures available from the Montgomery County Assessor. The buyer will be responsible for the 2026 and all future real estate taxes.

Possession at closing. All tracts sell free and clear of tenancy for 2026 and beyond. There are no hunting leases in place.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property.

All announcements made on 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:

Brandon R. Clark | Brown Hay & Stephens, LLP

205 S 5th Street, Suite 1000, Springfield, IL 62701 | (217) 544-8491

Auction Managers:

John Sullivan (309) 221-6700

Rodney Borrowman (630) 247-0667