Real Estate Auction- 41 +/- Acres East Fork and Borah Lake Area Properties

41 +/- Acres

Richland County, Illinois Land – Olney, Illinois

East Fork and Borah Lake Area Properties

Auction Date: Thursday, October 29th at 6pm

Open House:  Tuesday, October 20th from 4:30pm to 6:00pm

Auction Location: Parkside Event Center At the Best Western at 367 N West St Olney, IL

Property Location:  5174 E Golf Lane, Olney, IL and 5531 N Sugar Creek Road, Olney, IL

Seller: Carolyn Sue Brooks Estate – “Susi Brooks”

Imagine your home, vacation rental, or campground!

Don’t miss out on this excellent investment opportunity.

Tract #		Acres +/-
1	Borah Lake Frontage/Cabin	5
2	Home & Outbuildings	5
3	Buildable/Tillable Tract	5
4	Buildable/Tillable Tract	9
5	Buildable Tract	9
6	Borah Lake Frontage	8

Tract 1

Situated on approximately 5± acres at Borah Lake, this property features a 1-bedroom, 1-bathroom cabin in need of extensive repairs and renovations. There is lake shoreline access with the property. Offering potential for investors, outdoor enthusiasts, or those seeking a lake-area retreat, this property presents an opportunity to restore or improve to suit your needs!

Tract 2

Situated on approximately 5± acres outside of town between East Fork Lake and Borah Lake, this one-of-a-kind property features a 4-bedroom, 4.5-bathroom 2-story home with distinctive architectural details and intriguing features throughout. Originally constructed and later modified by local builder Bob Wallace, the home offers spacious living areas, a large utility room, a partial basement with full bath and bar area, and a kitchen featuring a custom pot rack and copper countertop bar. Additional highlights include intricate artwork, jacuzzi tub, and an indoor in-ground SwimSpa pool area complete with a copper shower. The pool is currently drained. This property is in need of repairs and renovations.

There is a Morton horse barn with 5 garage door bays, several horse stalls, and loft storage. Two other horse barns are included on the property.

Tract two is a part of the 36 acres that is currently legally described with tracts 2, 3, 4, 5, & 6. All buildings and home are situated on Tract 2. Imagine the possibilities!

Tracts 3-6

A 30’ easement will be put in place along the north side of tracts 3-5. If Tracts 3-6 sell together, then no easement will be needed. Tracts 3-6 all include tillable acreage.

Terms and Conditions

A down payment of 5% will be required on auction day and the balance will be due at closing. All successful bidders are required to enter into a purchase agreement at the auction site. Buyer(s) will receive possession of property at closing. The property is offered with reserve and is subject to seller confirmation. Earnest money is non-refundable and will be forfeited if buyer(s) fails to close and complete the contract. Buyer(s) will receive all the seller’s interest in the mineral rights.

Absence of Warranties & Disclaimer

The property is being sold “As Is” and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Auction Company. All acreages are approximate. Each bidder is responsible for performing their own due diligence concerning the property. Conducting the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons’ fitness or credentials. All decisions of the Auctioneer are final, and any & all announcements made day of the auction take precedence over printed material or any other oral statements made.

Auctioneer’s Notes

Prebidding will be available on www.rothrockauction.hibid.com. Your participation is always appreciated.

ROTHROCK AUCTION LLC

MARK ROTHROCK, AUCTIONEER/MANAGING BROKER    Ph. 618.839.5363

ALEXIS MCFARLAND, AUCTIONEER       JOHN MCFARLAND, AUCTIONEER

6088 EAST WAYNE LANE, PARKERSBURG, IL 62452

IL LICENSE # 444000369      BROKER # 471003760

WWW.ROTHROCKAUCTION.COM