MGW Real Estate Information

The Pigeon Grove Farm
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Price : $5,650 per acre Sold
County: Iroquois

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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 100 miles south of Chicago O'Hare International Airport. Nearby towns include: Rankin (1 1/2 miles southeast, Cissna Park (4 1/8 miles northeast), and Paxton (8 3/8 miles southwest).
Frontage: There is approximately 3/8 mile of road frontage on 100 N Road and 1/2 mile on 1100 E Road.
Major Highways: Illinois Route 49 is 1 mile east, Illinois Route 9 is 2 1/2 miles south, U.S. Route 45 is 8 1/8 miles west, and Interstate 57 is 8 5/8 miles west of the property.
Legal Description: A brief legal description indicates The Pigeon Grove Farm is located in Part of the Northeast Quarter of Section 34, Township 24 North - Range 14 West (Pigeon Grove Township), Iroquois County, Illinois.
Total Acres: There are a total of 146.65 acres, more or less, according to the Iroquois County Assessor's Office.
Tillable Acres: There are approximately 120.53 tillable acres.
Soil Types: The major soil type found on this farm is Clarence silty clay loam.
Topography: The topography of the subject farm is level to gently rolling.
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 $5,650 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 real estate taxes totaled $620.82. The tax parcel number is #38-34-200-002.
Grain Markets: There are a number of grain markets located within 10 miles of The Pigeon Grove Farm.
Zoning: The Pigeon Grove Farm is zoned A-1, Agricultural.
Comments: Productive farmland with attractive creek and recreational opportunities. Excellent farmland investment.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
147A Clarence silty clay loam 67.58 140 9461
147B2 Clarence silty clay loam 22.9 130 2977
147C2 Clarence silty clay loam 15.07 130 1959
230A Rowe silty clay loam 8.9 148 1317
229A Monee silty clay loam 5.78 133 769
295A Mokena silt loam 0.3 172 52
    Total: 120.53    

TOTAL ACRES - 146.7 acres, more or less
TILLABLE ACRES - 120.5 acres, or 82.2% per FSA figures
CORN YIELD - 137.2 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 112.8 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.