MGW Real Estate Information

The Richards Farm
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Price : $474,000 Sold
County: LaSalle

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Contact Details -
Josh Waddell/Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0439
Email: or

Property Details
Location: The subject farm is located approximately 70 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Ransom (1 3/4 miles northeast), Streator (6 1/2 miles west), and Ottawa (14 1/2 miles northwest). The property address is 1346 E 25th Road, Streator, IL 61364.
Frontage: There is approximately 1/4 mile of road frontage on E 25th Road.
Major Highways: Illinois Route 18 is 1 1/8 miles southwest, Illinois Route 17 is 2 5/16 miles south, Illinois Route 170 is 1 3/4 miles east, Illinois Route 23 is 8 miles west, and Interstate 55 is 10 3/4 miles southeast of the property.
Legal Description: A brief legal description indicates The Richards Farm is located in the Northwest Quarter of the Southwest Quarter of Section 29, Township 31 North - Range 5 East (Allen Township), LaSalle County, Illinois.
Total Acres: There are a total of 40 acres, more or less, according to the LaSalle County Assessor's Office.
Tillable Acres: There are approximately 34.2 tillable acres.
Soil Types: The major soil type found on this farm is Rutland silty clay loam.
Topography: The topography of the subject farm is level to nearly level.
Climate/Growing Season: LaSalle County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 175 days. On average we expect about 2,750 growing degree days from April 24 through October 17. Annual precipitation averages about 33 inches with over half of this coming during the growing season. Snowfall averages about 25 to 27 inches 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 $474,000.
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The 2014 real estate taxes totaled $2,850.74. The tax parcel number is #35-29-301-000.
Grain Markets: There are a number of grain markets located within 10 miles of The Richards Farm.
Zoning: The Richards Farm is zoned A-1, Agricultural.
Comments: A large, two-story farmhouse, Morton machine shed with concrete floor, and a number of other outbuildings are located on the property. The tillable acreage has historically been pastured and could be converted to cropland if desired.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
375B Rutland silty clay loam 14.19 178 2526
375A Rutland silty clay loam 7.55 180 1359
91B Swygert silty clay loam 5.69 156 888
235A Bryce silty clay 4.54 162 735
91C3 Swygert silty clay loam 1.47 123 181
91C2 Swygert silty clay loam 0.75 147 110
    Total: 34.19    

TOTAL ACRES - 40.0 acres, more or less
TILLABLE ACRES - 34.2 acres, or 85.5% per FSA figures
CORN YIELD - 169.6 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 145.0 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.