PIKE COUNTY, IL LAND AUCTION - CASTEEL

LOCATION Pike County, Illinois Tract 1 is located approximately 3 miles southwest of Pittsfield, IL, or 14 miles southeast of Barry, IL. It is further described as being located in Section 34, T5S-R4W, Pittsfield Township, Pike County, Illinois. Tract 2 is located approximately 3 miles northwest of Detroit, IL, or 5 miles east of Pittsfield, IL, or 8 miles south of Griggsville, IL. It is further described as being located in Section 5, T5S-R3W, Pearl Township, Pike County, Illinois. SELLER Carolyn L. Casteel Revocable Living Trust Mercantile Bank, Trustee 200 North 33rd Street Quincy, IL 62301 MANAGED BY John Borrowman (217) 430-0645 Rodney Borrowman (630) 247-0667 GENERAL INFORMATION 279.41 taxable acres± • 2 tracts The Casteel farms contain a total of 279.41 taxable acres and will be sold in 2 tracts. Both tracts offer tillable acres and mature timber/woods, providing excellent outdoor recreational opportunities, with abundant deer, turkey, and other wildlife. Farmers, hunters, outdoor enthusiasts, and investors - don't miss this opportunity to purchase these quality Pike County, IL farms! TRACT INFORMATION Tract 1 - 158.02 taxable acres± FSA maps indicate 143.64 HEL acres, of which approximately 127.74 acres are currently in row crop production 15.90 acres in CRP paying ($220.47/ac), expires 9/30/2031 Soil Productivity Index (PI): 112.8 Soil types include: Winfield, Menfro, and Downsouth The balance of the acres is mature woods, which offers excellent outdoor recreational opportunities with Whitetail deer, wild turkeys, and other wildlife 220th Ave borders on the south side, and 365th St borders on the east side Tract 2 - 121.39 taxable acres± FSA maps indicate 105.13 HEL and NHEL acres Soil Productivity Index (PI): 114.1 Soil types include: Winfield, Caseyville, and Downsouth Improved with an older home and outbuildings The balance of the acres is mature woods, which offers excellent outdoor recreational opportunities with Whitetail deer, wild turkeys, and other wildlife 435th St borders on the west side, and 260th Ave borders on the north side METHOD & TERMS The Casteel real estate will be sold on a price per acre basis, based on taxable acres. The tracts will be sold individually in numerical order. 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 Wednesday, November 4, 2026. The seller will provide title insurance in the full amount of the purchase price and pay all of the 2026 real estate taxes via a credit. (Credit to be based on best available information.) As a result of receiving this credit against the purchase price, Buyer shall pay the 2026 taxes when they become due and payable in 2027 in whatever amount the actual taxes are without further adjustment, and the Buyer shall pay all taxes assessed thereafter. Possession at closing subject to a crop tenancy for the 2026 crop year. The property sells free and clear of any hunting leases. 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 pertaining to this property. Real estate is being sold “AS IS”. Representing Attorney: Mike Bickhaus | Schmiedeskamp Robertson Neu & Mitchell LLP 525 Jersey St, Quincy, IL 62301 | (217) 223-3030 Auction Managers: John Borrowman (217) 430-0645 Rodney Borrowman (630) 247-0667