MGW Real Estate Information

The Ikeler Property
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Price : $7,900 per acre Sold
County: Lee

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

Property Details
Location: The subject farm is located approximately 58 miles southwest of Chicago O'Hare International Airport partially within the village of Paw Paw. Nearby towns include: Earlville (5 1/2 miles southeast), Compton (5 1/2 miles west), and Shabbona (6 1/2 miles northeast).
Frontage: There is approximately 150 feet of road frontage on Chicago Road.
Major Highways: Interstate 39/U.S. Route 51 is located 2 1/2 miles northwest, U.S. Route 30 is 5 miles north, U.S. Route 34 is 6 3/4 miles south, and Illinois Route 23 is 10 3/4 miles east of the property.
Legal Description: A brief legal description indicates The Ikeler Property is located in Part of the Southwest Quarter of Section 11 and Part of the East Half of Section 14, Township 37 North - Range 2 East (Wyoming Township), Lee County, Illinois.
Total Acres: There are a total of 48 acres, more or less.
Tillable Acres: There are approximately 35 tillable acres, with the potential for additional tillable acres on the northwest portion of the property.
Soil Types: The major soil type found on this farm is Senachwine silt loam.
Topography: The topography of the subject farm is level to gently rolling.
Climate/Growing Season: Lee County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 173 days. On average we expect about 2,750 growing degree days from April 23 through October 15. Annual precipitation averages about 35" with over two-thirds of this coming during the growing season. Snowfall averages about 35" per year. Prevailing winds are from the west-northwest. 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 $7,900 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 tax parcel numbers are #18-14-126-004 and part of #18-14-200-010.
Grain Markets: There are a number of grain markets located within 10 miles of The Ikeler Property.
Zoning: The Ikeler Property is zoned R-1 Residential & A-1 Agricultural.
Comments: Excellent investment opportunity. Future development potential with productive income-producing tillable land.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
618C2 Senachwine silt loam 24.72 136 3362
618B Senachwine silt loam 9.55 145 1385
154A Flanagan silt loam 0.42 194 81
    Total: 34.69    

TOTAL ACRES - 48.0 acres, more or less
TILLABLE ACRES - 34.7 acres, or 72.3% per FSA figures
CORN YIELD - 139.2 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 100.6 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.