MGW Real Estate Information

The Minder Property
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Price : $7,950 per acre
County: Lake

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269

Property Details
Location: The subject property is located approximately 2.5 miles northeast of the I-65/Highway 30 interchange, 1 mile northeast of a major shopping district, 58 miles southeast of Chicago O'Hare International Airport, and within the city of Hobart. Nearby cities include: Merrillville (1 1/2 miles west), Crown Point (3 miles southwest), and Valparaiso (9 1/4 miles east).
Frontage: There is approximately 1/4 mile of road frontage on E. 73rd Avenue (Old Lincoln Highway).
Major Highways: U.S. Route 30 is 1/2 mile south, Indiana State Road 51 is 1 1/2 miles east, and Interstate 65 is 1 3/4 miles west of the property.
Legal Description: A brief legal description indicates The Minder Property is located in Part of Section 13, Township 35 North - Range 8 West (Ross Township), Lake County, Indiana.
Total Acres: There are a total of 80 acres, more or less.
Tillable Acres: There are 66.22 tillable acres according to the Lake County Farm Service Agency.
Soil Types: Major soil types found on this farm include: Morley silt loam, Blount silt loam, and Pewamo silty clay loam.
Topography: The topography of the subject property is level to gently rolling.
Climate/Growing Season: Lake County Indiana has a humid continental climate, with cool winters and warm, damp summers. The average length of the growing season is nearly 155 days. The average high/low temperatures is around 84 F/64 F. Annual precipitation averages about 41.5 inches with over two thirds of this coming during the growing season. Snowfall averages about 40 inches per year. This climate, combined with the generally excellent soils in this area, provide a nearly ideal environment for the production of corn and soybeans.
Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Price and Terms: The asking price is $7,950 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The real estate taxes are to be determined. The property is currently part of tax parcel number #45-12-13-400-001.000-046.
Grain Markets: There are a number of grain markets located within 20 miles of The Minder Property.
Zoning: The Minder Property is zoned Agricultural.
Comments: Excellent investment opportunity with future development potential. In close proximity to major transportation routes and commercial developments. Scenic property with productive tillable acres. Property includes a steel-clad pole building with a concrete floor (approx. 50'x60').
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
MuB Morley silt loam 20.1 130 2613
BIA Blount silt loam 18.5 140 2590
Pc Pewamo silty clay loam 16.2 160 2592
Mo Milford silt loam 7.2 160 1152
MvB3 Morley silty clay loam 3.1 115 357
Mr Milford silty clay loam 1.1 160 176
    Total: 66.2    

TOTAL ACRES - 80.0 acres, more or less
TILLABLE ACRES - 66.2 acres, or 82.8% per FSA figures
CORN YIELD - 143.2 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 118.5 bushels per acre, based on total acres

Disclaimer : Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.