MGW Real Estate Information

The Lincoln Highway Property
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Price : $29,500 per acre
County: Will

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

Property Details
Location: The subject property is located approximately 41 miles south of Chicago O'Hare International Airport and within the village of Frankfort. Nearby towns include: Mokena (3 1/4 miles northwest), Tinley Park (4 1/2 miles northeast), and Monee (7 1/4 miles southeast).
Frontage: There is approximately 3/16 mile of road frontage on U.S. Route 30.
Major Highways: U.S. Route 45 is 1 3/16 miles west, Interstate 80 is 2 1/2 miles north, Interstate 57 is 4 1/4 miles east, and U.S. Route 30 borders the farm to the south.
Legal Description: A brief legal description indicates The Lincoln Highway Property is located in Part of the Northwest Quarter of Section 23, Township 35 North - Range 12 East (Frankfort Township), Will County, Illinois.
Total Acres: There are a total of 54.864 acres, according to a recent survey.
Tillable Acres: There are approximately 31.8 tillable acres.
Soil Types: Major soil types found on this farm include Markham silt loam, Frankfort silty clay loam, and Ozaukee silty clay loam.
Topography: The topography of The Lincoln Highway Property is gently rolling.
Climate/Growing Season: Will 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 two thirds of this coming during the growing season. Snowfall averages about 32" per year. Prevailing winds are from the west. 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 $29,500 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 $605.64. The tax parcel number is #19-09-23-100-012-0000.
Grain Markets: There are a number of grain markets located within 15 miles of The Lincoln Highway Property.
Zoning: The Lincoln Highway Property is zoned ER, Estate Residential District.
Comments: Great investment opportunity. Located 1 1/8 miles east of La Grange Road & Lincoln Highway intersection. Adjacent to residential development with commercial possibilities along Lincoln Highway (Illinois Route 30).
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
531C2 Markham silt loam 10.4 147 1529
320C2 Frankfort silty clay loam 7 125 875
530D3 Ozaukee silty clay loam 5.2 129 671
8451A Lawson silt loam 3.6 190 684
294B Symerton silt loam 3.2 177 566
298B Beecher silt loam 2 150 300
295B Mokena silt loam 0.4 170 68
    Total: 31.8    

TOTAL ACRES - 54.9 acres, more or less
TILLABLE ACRES - 31.8 acres, or 58.0% per FSA figures
CORN YIELD - 147.6 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 85.5 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.