MGW Real Estate Information

The Colberg Farm
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Price : $6,400 per acre Sold
County: Stephenson

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269
Email: Mark.Mommsen@mgw.us.com

Property Details
Location: The subject farm is located approximately 90 miles northwest of Chicago O'Hare International Airport and is contiguous to the City of Freeport. Nearby towns include: Cedarville (3 3/4 miles north), Baileyville (8 miles southeast), and Lena (10 miles northwest).
Major Highways: U.S. Route 20 is 1/4 mile north, Illinois Route 26 is 5/16 mile east, Illinois Highway 73 is 8 1/2 miles west, and Illinois Route 72 is 11 1/4 miles south of the property.
Legal Description: A brief legal description indicates the Colberg Farm is located in Part of Sections 23, 24, 25, and 26 in Township 27 North - Range 7 East (Harlem Township), in Stephenson County, Illinois.
Total Acres: There are a total of 375.26 acres, more or less, according to the Stephenson County Assessor's Office.
Tillable Acres: There are approximately 345.4 tillable acres. The tillable acreage is currently enrolled in the CRP program, receiving an annual payment of $292.99 per acre, or $101,199 total.
Soil Types: Major soil types found on this farm include Sawmill silty clay loam, Plano silt loam, and Huntsville silt loam.
FSA Data: Buyer accepts title subject to the responsibilities and benefits of one CRP contract for 345.4 acres, having a total annual payment of $101,199.00 through 9/30/25.
Topography: The topography of the subject farm is level.
Climate/Growing Season: Stephenson County has a continental climate typical of north-central Illinois. The average length of the growing season is nearly 160 days. On average, we expect about 2,750 growing degree days from April 15 through September 30. Annual precipitation averages about 35" with over 2/3 of this coming during the growing season. Snowfall averages about 36" per year. Prevailing winds are from the west and southwest. The climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn, wheat, 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 $6,400 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 2011 Real Estate Taxes totaled $4,257.40. The tax parcel numbers are #08-13-23-400-006 and #08-13-25-100-006.
Grain Markets: There are a number of grain markets located within 15 miles of the Colberg Farm.
Zoning: The farm is zoned F1 Flood Plain District.
Comments: The Colberg Farm offers numerous hunting and recreational opportunities in addition to an excellent CRP payment. SELLER WILL CONSIDER OFFERS ON LESS THAN THE ENTIRE ACREAGE.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
8107A Sawmill silty clay loam 125.5 189 23720
199A Plano silt loam 81.2 194 15753
8077A Huntsville silt loam 50.4 193 9727
105A Batavia silt loam 36.1 177 6390
1107A Sawmill silty clay loam 25.7 189 4857
8451A Lawson silt loam 22.7 190 4313
198A Elburn silt loam 3.8 197 749
    Total: 345.4    

TOTAL ACRES - 375.3 acres, more or less
TILLABLE ACRES - 345.4 acres, or 92.0% per FSA figures
CORN YIELD - 189.7 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 174.6 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.