Can You Use a 1031 Exchange for Illinois Farmland or a Small-Town Commercial Building?

Jared Williams, Managing Broker of Archer Realty

Published on: 16/10/2026

A 1031 exchange works for Illinois farmland and rural commercial property. The 45-day and 180-day deadlines matter in a thin replacement market.

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Selling Farmland This Fall and Doing a 1031 Exchange — What Qualifies as Like-Kind in a Small Illinois Town

Jared Williams, Managing Broker of Archer Realty

Published on: 05/10/2026

Fall auction season is when Illinois farmland sells — and a 1031 exchange requires the qualified intermediary in place before the auction contract is signed.

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