MGW Real Estate Information

The Norway Farm
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Price : $9,700 per acre Sold
County: LaSalle

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269

Property Details
Location: The subject farm is located approximately 54 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Marseilles (4 3/8 miles southwest), Seneca (5 5/8 miles south), Sheridan (7 1/4 miles northwest), Ottawa (8 3/4 miles southwest), and Morris (9 3/8 miles southeast).
Frontage: There is approximately 1/4 mile of road frontage on E 27th Road.
Major Highways: Interstate 80 is 2 miles south, Illinois Route 71 is 3 miles northwest, U.S. Route 6 is 5 1/8 miles southeast, U.S. Route 52 is 5 1/4 miles north, and Illinois Route 47 is 11 1/2 miles east of the property.
Legal Description: A brief legal description indicates The Norway Farm is located in Part of the Northwest Quarter of Section 22, Township 34 North - Range 5 East (Miller Township), LaSalle County, Illinois.
Total Acres: There are a total of 80 acres, more or less, according to the LaSalle County Assessor's Office.
Tillable Acres: There are approximately 79.41 tillable acres according to the LaSalle County FSA.
Soil Types: Major soil types found on this farm include Chenoa silty clay loam and Elpaso silty clay loam.
Topography: The topography of the subject farm is level to gently rolling.
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 $9,700 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 $2,795.32. The tax parcel number is #16-22-101-000.
Grain Markets: There are a number of grain markets located within 15 miles of The Norway Farm.
Zoning: The Norway Farm is zoned A-1, Agriculture.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
614B Chenoa silty clay loam 49.79 174 8663
356A Elpaso silty clay loam 17.25 195 3364
541C2 Graymont silt loam 12.24 170 2081
223C3 Varna silty clay loam 0.13 139 18
    Total: 79.41    

TOTAL ACRES - 80.0 acres, more or less
TILLABLE ACRES - 79.4 acres, or 99.3% per FSA figures
CORN YIELD - 177.9 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 176.6 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.