Mount Sterling, IL 62353(Brown County)

The land contains 482 acres (subject to survey) and will be sold in 6 tracts. Several of the tracts are wooded with mature timber and offer outstanding hunting and outdoor recreational opportunities (Tract 3 also has a 3-bedroom/2-bath cabin). Tract 4 is mostly tillable cropland, and Tract 6 is improved with a ranch style home with acreage.

Farmers, investors, outdoor enthusiasts and country home buyers, be sure to check out these investment quality properties.

TRACT INFORMATION

Tract 1 - 60 acres (subject to survey)

Nearly all wooded with mature trees

FSA maps indicate 5.99 cropland acres

Improved with a nice pond and ABS rural water available

Several excellent home or cabin building sites

Outstanding outdoor recreational tract with abundant wildlife

County Road 880E/940E St borders along the east side

Tract 2 - 100 acres (subject to survey)

Nearly 100% wooded with mature trees

ABS rural water available

Several excellent home or cabin building sites

Outstanding outdoor recreational tract with abundant wildlife

County Road 880E/940E St borders along the east side

Tract 3 - 155 acres (subject to survey)

Wooded with mature trees and cropland acres

FSA maps should indicate approximately 20 cropland acres (split fields)

Productivity Index (PI): 109.7 with Keomah and Rozetta soils (crop acres)

Improvements:

Metal building with living quarters (furnished):

Large kitchen/dining/family room

3 bedrooms (1 up) and 2 baths

Electric forced air heat/Central AC

ABS rural water

Metal building with concrete floor and insulated (used for deer processing)

2 metal open front storage buildings

Outstanding outdoor recreational tract with abundant wildlife and 5 ponds

County Road 880E/940E St borders along the west side, and additional access through Tract 4

Tract 4 - 68 acres (subject to survey)

FSA maps should indicate approximately 55 cropland acres (split fields)

Productivity Index (PI): 116.1 (cropland acres)

Soil types include Keomak and Rozetta

Balance of the acres is a pond, trees and roadway

County Road 880E/940E St borders along the west side

Tract 5 - 90 acres (subject to survey)

100% wooded with mature trees

Several home or cabin building sites

Outstanding outdoor recreational tract with abundant wildlife

County Road 1260N/1025E St borders partially along the east side

Tract 6 - Home with 9 acres (subject to survey)

Ranch style manufactured home:

Vinyl siding and newer shingled roof

Eat-in kitchen open to family room

3 bedrooms and 2 baths

Full basement partially finished with walk-out

Heat pump and central AC

ABS rural water

The acreage is rolling, wooded land with mature trees

County Road 880E/940E St borders along the east side

Address: 1214 940 E St Mt Sterling, IL 62353

METHOD & TERMS

Tracts 1 - 5 of the Ackerman Trust real estate will be sold on a price per acre basis, based on surveyed acres, and offered through the marketing method of Buyers Choice, whereas the high bidder can elect any or all of the 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 tracts have been elected. Following the sale of tracts 1-5, tract 6 will then sell for a lump sum or total dollar amount. 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 June 20, 2025 for Tracts 1 - 5. Closing date on Tract 6 will be on or before June 30, 2025.

The seller will provide title insurance in the full amount of the purchase price. The seller will pay all the 2024 real estate taxes due in 2025. The 2025 real estate taxes will be prorated to the closing date on all tracts except Tract 4 which the buyer will pay.

Possession at closing subject to a crop share lease for the 2025 crop year only (contact auction manager for details). 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.

REAL ESTATE TAX INFORMATION

PIN 05-04-200-002 - 40.0 acres - $196.86 (portion of Tract 1)

PIN 05-03-100-001 - 15.0 acres - $186.14 (portion of Tract 1)

PIN 02-34-400-002 - 310.76 acres - $8,736.46 (includes Tract 2, Tract 4, Tract 6, portion of Tract 3)

PIN 02-35-300-001 - 80.0 acres - $316.36 (portion of Tracts 3 & 5)

PIN 05-02-100-006 - 22.42 acres - $91.36 (portion of Tract 5)

Representing Attorney:

Randy S. Paswater and Brittany Kink Toigo | Barber, Segatto, Hoffee, Wilke & Cate, LLP

831 E. Monroe Street, Springfield, IL 62701 | Phone: (217) 544-4868

Auction Manager:

John Sullivan (309) 221-6700