MGW Real Estate Information

The Ogle County Crossroads Property
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Price : $39,900 per acre
County: Ogle

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Contact Details -
Josh Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0439

Property Details
Location: The property is located 60 miles west of Chicago O'Hare International Airport and is within the city of Rochelle. Rochelle is 30 minutes from Rockford - the second largest city in Illinois - and less than 90 minutes from downtown Chicago.
Frontage: There is approximately 1/2 mile of road frontage on Interstate 88, 1/4 mile on Main Street, and 1/4 mile on Steward Road.
Major Highways: Illinois Route 251 is 3/4 mile west, Interstate 39 is 1 1/4 mile east, Illinois Route 38 is 2 miles north, and Interstate 88 intersects the property.
Legal Description: A brief legal description indicates The Ogle County Crossroads Property is located in Part of the North Half of Section 31, Township 40 North - Range 2 East (Dement Township), in Ogle County, Illinois.
Total Acres: There are approximately 125.9 acres, more or less, according to the Ogle County Assessor's Office.
Tillable Acres: There are approximately 110.33 tillable acres according to the Ogle County FSA.
Soil Types: Ashdale silt loam is the primary soil type on this property.
Topography: The topography of the subject property is level to nearly level.
Climate/Growing Season: Ogle County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 142 days. On average we expect about 2,854 growing degree days from April 15 through September 30. Annual precipitation averages about 34" with over 2/3 of this coming during the growing season. Snowfall averages about 33" per year. Prevailing winds are from the west and southwest. This climate, combined with the generally excellent soils in this area, provides 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 $39,900 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 2016 real estate taxes totaled $3,383.54. The tax parcel numbers are #25-31-100-006 and #25-31-200-015.
Zoning: The property is zoned I2, General Industry.
Comments: Immediate access and visibility on Interstate 88, which intersects the property. Close proximity to Interstate 39 Logistics Corridor, Union Pacific Intermodal facility, and the 2nd largest UPS air hub in the nation. With Foreign Trade Zone status, BNSF rail to the property, tax abatement incentive, low electric rates, and a strong labor pool this property is an excellent investment opportunity.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
411B Ashdale silt loam 72.85 168 12239
198A Elburn silt loam 16.82 197 3314
171A Catlin silt loam 11.14 187 2083
152A Drummer silty clay loam 9.52 195 1856
    Total: 110.33    

TOTAL ACRES - 125.9 acres, more or less
TILLABLE ACRES - 110.3 acres, or 87.6% per FSA figures
CORN YIELD - 176.7 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 154.8 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.