MGW Real Estate Information

The Richland Farm
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Price : $9,400 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 82 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Lostant (1 5/8 miles northwest), Wenona (3 miles south), and Streator (9 5/8 miles east).
Frontage: There is approximately 1/2 mile of road frontage on E 6th Road and 7/16 mile on N 12th Road.
Major Highways: Illinois Route 18 is 1/2 mile north, Illinois Route 251 is 1 mile west, Interstate 39/U.S. Route 51 is 1 1/4 miles west, Illinois Route 17 is 3 1/4 miles south, and Illinois Route 23 is 10 5/8 miles east of the property.
Legal Description: A brief legal description indicates The Richland Farm is located in Part of the Southwest Quarter of Section 31, Township 31 North - Range 2 East (Richland Township), LaSalle County, Illinois.
Total Acres: There are a total of 155.71 acres, more or less, according to the LaSalle County Assessor's Office.
Tillable Acres: There are approximately 152.01 tillable acres, estimated.
Soil Types: Major soil types found on this farm include Rutland silty clay loam and Streator 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 $9,400 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 $2,949.06. The tax parcel number is #31-31-303-000.
Grain Markets: There are a number of grain markets located within 10 miles of The Richland Farm.
Zoning: The Richland Farm is zoned A-1, Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
375B Rutland silty clay loam 66.85 178 11899
435A Streator silty clay loam 48.74 177 8627
388C2 Wenona silty clay loam 17.09 161 2751
388B Wenona silt loam 12.3 171 2103
375A Rutland silty clay loam 6.21 180 1118
375B2 Rutland silty clay loam 0.82 171 140
    Total: 152.01    

TOTAL ACRES - 155.7 acres, more or less
TILLABLE ACRES - 152.0 acres, or 97.6% per FSA figures
CORN YIELD - 175.2 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 171.1 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.