MGW Real Estate Information

The Pierce Farm
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Price : $10,450 per acre Sold
County: DeKalb

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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 42 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Hinckley (3 3/4 miles southeast), Waterman (4 miles southwest), DeKalb (4 3/8 miles northwest), and Cortland (4 3/4 miles northeast).
Frontage: There is approximately 1/16 mile of road frontage on Owens Road and 1/2 mile on McGirr Road.
Major Highways: Illinois Route 23 is 2 3/8 miles west, U.S. Route 30 is 3 1/2 miles south, and Interstate 88 is 4 1/2 miles north of the property.
Legal Description: A brief legal description indicates The Pierce Farm is located in Part of Section 30, Township 39 North - Range 5 East (Pierce Township), DeKalb County, Illinois.
Total Acres: There are a total of 217.5 acres, more or less, according to the DeKalb County Assessor's Office.
Tillable Acres: There are approximately 211.15 tillable acres according to the DeKalb County FSA, of which 17.4 acres are currently enrolled in CRP with an annual payment of $2,926.68 through 9/30/2017.
Soil Types: Major soil types found on this farm include Drummer silty clay loam and Catlin silt loam.
Topography: The topography of the subject farm is level to nearly level.
Climate/Growing Season: DeKalb County has a continental climate typical of north-central Illinois. The average length of the growing season is nearly 160 days. On average we expect about 2,750 growing degree days from April 15 through September 30. Annual precipitation averages about 35" with over 2/3 of this coming during the growing season. Snowfall averages about 36" per year. Prevailing winds are from the west and southwest. 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 $10,450 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 2014 real estate taxes totaled $10,778.42. The tax parcel numbers are #12-30-200-006 and #12-30-400-001.
Grain Markets: There are a number of grain markets located within 10 miles of The Pierce Farm.
Zoning: The Pierce Farm is zoned A-1, Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
152A Drummer silty clay loam 93 195 18135
171B Catlin silt loam 42.52 185 7866
154A Flanagan silt loam 40.3 194 7818
512B Danabrook silt loam 27.07 185 5008
356A Elpaso silty clay loam 7.21 195 1406
171A Catlin silt loam 0.64 187 120
60D2 La Rose loam 0.41 142 58
    Total: 211.15    

TOTAL ACRES - 217.5 acres, more or less
TILLABLE ACRES - 211.2 acres, or 97.1% per FSA figures
CORN YIELD - 191.4 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 185.8 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.