MGW Real Estate Information

The Grade School Road Farm
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Price : $7,450 per acre Sold
County: Boone

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Contact Details -
Jeff Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0501

Property Details
Location: The subject farm is located approximately 59 miles northwest of Chicago O'Hare International Airport. Nearby towns include: Roscoe (4 miles southwest), South Beloit (4 1/2 miles west), and Harvard (11 miles east).
Frontage: There is approximately 1/2 mile of road frontage on Manchester Road and 3/8 mile on Grade School Road.
Major Highways: Illinois Route 76 is 1 1/2 miles east, Interstate 39 & 90/U.S. Route 51 is 5 3/8 miles west, and Illinois Route 173 is 7 miles south of the property.
Legal Description: A brief legal description indicates The Grade School Road Farm is located in Part of the Southeast Quarter of Section 9, Township 46 North - Range 3 East (Manchester Township), Boone County, Illinois.
Total Acres: There are a total of 145.89 acres, more or less, according to the Boone County Assessor's Office.
Tillable Acres: There are approximately 142.5 tillable acres.
Soil Types: Major soil types found on this farm include Kendall silt loam and Pecatonica silt loam.
Topography: The topography of the subject farm is level to gently rolling.
Climate/Growing Season: Boone 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 $7,450 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 2014 taxes totaled $7,291.72. The tax parcel numbers are #01-09-400-005 and #01-09-400-006.
Grain Markets: There are a number of grain markets located within 15 miles of The Grade School Road Farm.
Zoning: The Grade School Road Farm is zoned A-1, Agriculture District.
Comments: Excellent farmland investment opportunity. High percentage tillable, productive land, just 4 miles from Roscoe, Illinois.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
242A Kendall silt loam 48.23 172 8296
21C2 Pecatonica silt loam 34.75 143 4969
152A Drummer silty clay loam 19.51 195 3804
21B Pecatonica silt loam 14.42 152 2192
243B St. Charles silt loam 7.59 166 1260
419C2 Flagg silt loam 5.32 151 803
104A Virgil silt loam 4.7 182 855
198A Elburn silt loam 3.7 197 729
243A St. Charles silt loam 2.31 168 388
361D3 Kidder clay loam 1.59 118 188
199B Plano silt loam 0.13 192 25
419B Flagg silt loam 0.11 160 18
22C2 Westville silt loam 0.1 141 14
    Total: 142.46    

TOTAL ACRES - 145.9 acres, more or less
TILLABLE ACRES - 142.5 acres, or 97.6% per FSA figures
CORN YIELD - 165.2 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 161.4 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.