Auction Information
Online Bidding SitePIKE COUNTY, IL LAND AUCTION - BORROWMAN
LOCATION
Pike County, Illinois
The Borrowman real estate is located approximately 5 miles north of Nebo, IL, or 6.5 miles south of Pittsfield, IL. It is further described as being located in Sections 30, 31, T6S-R3W, Hardin Township, Pike County, Illinois.
SELLER
Paul O. Borrowman
MANAGED BY
John Borrowman (217) 430-0645
Rodney Borrowman (630) 247-0667
GENERAL INFORMATION
182.9 taxable acres 1 tract
The real estate contains 182.9 taxable acres and will be sold in 1 tract. The farm consists of 149 high-quality tillable cropland acres with the remaining acres in timber, providing excellent recreation opportunities.
Farmers and investors, be sure to check out this investment-quality Pike County, IL farm!
TRACT INFORMATION
182.9 taxable acres
FSA records should indicate 149.53 NHEL cropland acres
Productivity Index (PI): 116.7
Soil types include Wakeland, Orion, and Haymond
Remaining...
Remaining acres in timber, creek, and waterways
Some tile
Access along the west side from County Highway 7
METHOD & TERMS
The farm will be sold on a price per acre basis, based on 182.9 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 Thursday, January 15, 2026.
The seller will provide title insurance in the full amount of the purchase price and pay the 2025 real estate taxes, due and payable in 2026, through a credit at closing. Possession at closing is subject to an existing lease for the 2025, 2026, and 2027 crop years. Possession will be given at the time of closing, subject to a farm lease for the 2025, 2026, and 2027 crop years, of which the new buyer will receive the landowner's share of the farm lease income for 2026 and 2027. (contact auction managers for details)
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 63-021-12 - 120.15/A - $3,264.88
PIN 63-022-01 - 62.75/A - $1,679.88
189.9A - $4,941.76
Representing Attorney:
Ronald K. Hoskin | Lowry & Hoskin LLC and Western Illinois Title Services, LLC
130 S. Madison P.O. Box 167, Pittsfield, IL 62363 | (217) 285-4220
Auction Manager:
John Borrowman (217) 430-0645
Rodney Borrowman (630) 247-0667
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Pike County, Illinois
The Borrowman real estate is located approximately 5 miles north of Nebo, IL, or 6.5 miles south of Pittsfield, IL. It is further described as being located in Sections 30, 31, T6S-R3W, Hardin Township, Pike County, Illinois.