Quincy, IL 62301(Adams County)

FSA figures should indicate this tract to be nearly 100% cropland

Productivity Index (PI): 131.3 (Class B)

Soil types include Biggsville, Mannon & Stookey

Zoned M1-Enterprise Zone (Light Industrial)

Prime development potential with access along the north side by Ellington Road

METHOD & TERMS

Both tracts will sell on a per acre basis, based on surveyed acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, the remaining tract will be offered. The tracts will NOT be offered together at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment which will be held in escrow until closing. The balance of the bid price will be due at the time of closing, on or before Thursday, July 24, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. The buyer will be responsible for the 2025 and all subsequent real estate taxes. Full possession at closing. The new buyer(s) will reimburse input costs & will inherit the growing crop at the time of closing. Contact auction company for details.

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

All announcements on sale day shall take precedence over any prior advertising, either written or oral. The information in our brochure, on our website, or in our advertisements 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:

Michael A. Bickhaus | Schmiedeskamp Robertson Neu & Mitchell LLP

525 Jersey St, Quincy, IL 62301 | (217) 223-3030

Auction Managers:

Michael Sullivan (309) 333-0916

Louie Zinn (319) 795-2314