MGW Real Estate Information

The Crete Farm
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Price : $5,900 per acre
County: Will

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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 43 miles southeast of Chicago O'Hare International Airport. Nearby towns include: Cedar Lake (2 1/2 miles east), Beecher (3 3/4 miles southwest), and Crete (4 1/2 miles west).
Frontage: There is approximately 132 feet of road frontage on Goodenow Road and 1/16 mile on State Line Road.
Major Highways: U.S. Route 41 is 3 miles east, Illinois Route 394 is 3 1/8 miles northwest, Illinois Route 1 is 4 1/2 miles west, and U.S. Route 30 is 7 miles north of the property
Legal Description: A brief legal description indicates The Crete Farm is located in Part of the Southeast Quarter of Section 31 and Part of Section 32, Township 34 North - Range 15 East (Crete Township), Will County, Illinois.
Total Acres: There are a total of 103.86 acres, more or less, according to the Will County Assessor's Office.
Tillable Acres: There are approximately 88.49 tillable acres, according to the Will County FSA.
Soil Types: Major soil types found on this farm include Beecher silt loam and Ashkum silty clay loam.
Topography: The topography of the Crete Farm is level to nearly level.
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 $5,900 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 $1,919.28. The tax parcel numbers are #23-16-31-400-011-0000, #23-16-31-400-012-0000, #23-16-32-300-012-0000, and #23-16-32-300-018-0000.
Grain Markets: There are a number of grain markets located within 20 miles of The Crete Farm.
Zoning: The Crete Farm is zoned A-1, Agricultural and R-2 Single Family.
Comments: Property includes a 5 acre buildable tract. Excellent investment opportunity tillable land and timber/recreational ground in great location. Located just 4 1/2 miles from Crete.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
298B Beecher silt loam 37.32 150 5598
232A Ashkum silty clay loam 35.51 170 6037
531C2 Markham silt loam 9.44 147 1388
298B2 Beecher silt loam 3.68 144 530
23B Blount silt loam 2.46 138 339
330A Peotone silty clay loam 0.08 164 13
    Total: 88.49    

TOTAL ACRES - 103.9 acres, more or less
TILLABLE ACRES - 88.5 acres, or 85.2% per FSA figures
CORN YIELD - 157.1 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 133.9 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.