MGW Real Estate Information

The Cortland Farm
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Price : $10,900 per acre
County: DeKalb

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

Property Details
Location: The subject farm is located approximately 40 miles west of Chicago O'Hare International Airport, within the town of Cortland, and contiguous to the city of DeKalb. Nearby towns include: Sycamore (2 miles northwest) and Maple Park (4 miles east).
Frontage: There is approximately 7/16 mile of road frontage on Illinois Route 38 and 3/8 mile on Loves Road.
Major Highways: Illinois Route 38 is the south border of the property, Interstate 88 is 1 mile south, Illinois Route 23 is 2 1/4 miles west, Illinois Route 64 is 4 1/2 miles north, and Illinois Route 47 is 11 1/2 miles east.
Legal Description: A brief legal description indicates The Cortland Farm is located in Part of the South Half of Section 19 and Part of the North Half of Section 30, Township 40 North - Range 5 East (Cortland Township), DeKalb County, Illinois.
Total Acres: There are a total of 110.07 acres, more or less, according to the DeKalb County Assessor's Office.
Tillable Acres: There are 99.56 tillable acres according to the DeKalb County Farm Service Agency.
Soil Types: Major soil types found on this farm include Drummer silty clay loam and Kaneville silt loam.
Topography: The topography of the subject farm is level to nearly level.
Climate/Growing Season: DeKalb 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. 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 $10,900 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 $7,094.98. The tax parcel numbers are #09-19-376-008 and #09-30-200-014.
Grain Markets: There are a number of grain markets located within 15 miles of The Cortland Farm.
Zoning: The portion of the farm that lies within the town of Cortland is zoned C-2, General Commercial. The remaining acreage is zoned A-1, Agricultural.
Comments: Excellent investment opportunity. Well located farmland with future development potential.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
152A Drummer silty clay loam 44.23 195 8625
667B Kaneville silt loam 38.06 176 6699
662B Barony silt loam 9.71 170 1651
221B2 Parr silt loam 1.91 151 288
154A Flanagan silt loam 1.83 194 355
512B Danabrook silt loam 1.66 185 307
104A Virgil silt loam 1.36 182 248
662A Barony silt loam 0.45 172 77
802B Orthents, loamy 0.35 0 0
    Total: 99.56    

TOTAL ACRES - 110.1 acres, more or less
TILLABLE ACRES - 99.6 acres, or 90.5% per FSA figures
CORN YIELD - 183.3 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 165.8 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.