MGW Real Estate Information

The Lake Forest Property
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Price : $5,450 per acre Sale Pending
County: Rock Island

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269
Email: Mark.Mommsen@mgw.us.com

Property Details
Location: The subject property is located approximately 141 miles southwest of Chicago O'Hare International Airport, within the village of Milan, and contiguous to Oak Grove. Nearby cities include: Rock Island (1/2 mile west), Moline (1 1/4 miles northeast), Davenport (5 1/2 miles northwest), and Bettendorf (7 1/2 miles northeast).
Frontage: There is approximately 970 feet of road frontage on U.S. Route 67.
Major Highways: U.S. Route 67 is the west border of the property, Interstate 280 is 1 3/4 miles north, Interstate 74 is 4 1/4 miles northeast, and Interstate 80/88 is 13 3/4 miles northeast of the property.
Legal Description: A brief legal description indicates The Lake Forest Property is located in Part of the Southwest Quarter of Section 36, Township 17 North - Range 2 West (Blackhawk Township), Rock Island County, Illinois.
Total Acres: There are a total of 73 acres, more or less, according to the Rock Island County Assessor's Office.
Tillable Acres: There are approximately 38 tillable acres.
Soil Types: The primary soil type on this property is Greenbush silt loam. The cropland Productivity Index is 121.2
Topography: The topography of the subject property is level to 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 $5,450 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 2015 real estate taxes totaled $840.72. The tax parcel number is #16-36-300-001.
Grain Markets: There are a number of grain markets located within 15 miles of The Lake Forest Property.
Zoning: The Lake Forest Property is zoned Residential.
Comments: Future development potential. Well-located in the Quad Cities Metropolitan Area. Concept plans for a mixed residential development are available. An excellent recreational property with cropland income. Seller is a licensed Illinois real estate broker.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
675A Greenbush silt loam 21.02 184 3868
19D3 Sylvan silty clay loam 5.54 122 676
280B Fayette silt loam 4.33 165 714
280B2 Fayette silt loam 2.76 159 439
61A Atterberry silt loam 1.89 182 344
8F Hickory silt loam 1.29 86 111
19D Sylvan silt loam 1.11 140 155
19F Sylvan silt loam 0.17 107 18
    Total: 38.11    

TOTAL ACRES - 73.0 acres, more or less
TILLABLE ACRES - 38.1 acres, or 52.2% per FSA figures
CORN YIELD - 166.0 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 86.6 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.