MGW Real Estate Information

The Cooper Farm
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Price : $12,500 per acre Sold
County: Ogle

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Contact Details -
Josh Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0439

Property Details
Location: The subject farm is located approximately 58 miles west of Chicago O'Hare International Airport and is contiguous to the village Hillcrest. Nearby towns include: Rochelle (1/16 mile west), Davis Junction (9 miles north), and DeKalb (12 3/4 miles east). The property address is 14676 E. Twombly Road, Rochelle, Illinois.
Frontage: There is approximately 3/8 mile of road frontage on Twombly Road and 9/16 mile on Illinois Route 251.
Major Highways: Illinois Route 251 is the west border of the property, Interstate 39/U.S. Route 51 is 1 mile east, Illinois Route 38 is 1 mile south, Illinois Route 64 is 3 1/4 miles north, and Interstate 88 is 3 5/16 miles south of the property.
Legal Description: A brief legal description indicates The Cooper Farm is located in Part of the East Half of Section 12, Township 40 North - Range 1 East (Flagg Township), and Part of the North Half of Section 7, Township 40 North - Range 2 East (Dement Township), all in Ogle County, Illinois.
Total Acres: There are a total of 321.87 acres, more or less, according to the Ogle County Assessor's Office.
Tillable Acres: There are approximately 292.88 tillable acres according to the Ogle County FSA.
Soil Types: Major soil types found on this farm include Ashdale silt loam and Atkinson silt loam.
Topography: The topography of the subject farm is level to gently rolling.
Climate/Growing Season: Ogle County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 142 days. On average we expect about 2,854 growing degree days from April 15 through September 30. Annual precipitation averages about 34" with over 2/3 of this coming during the growing season. Snowfall averages about 33" 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 $12,500 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 $12,301.92. The tax parcel numbers are #24-12-200-003, #24-12-400-001, and #25-07-100-002.
Grain Markets: There are a number of grain markets located within 10 miles of The Cooper Farm.
Zoning: The Cooper Farm is zoned AG-1, Agricultural.
Comments: The Cooper Farm represents a rare investment opportunity. The Cooper Home, built approximately 1855, is one of the oldest homes in Flagg Township. Excellently maintained, it also features a modern 24'x45' Morton Building. The 321.87 acre farm includes 292.88 acres of highly productive tillable farmland. The farm is free of leases beyond crop year 2016. An excellent site for future residential development, The Cooper Farm also has over 1/2 mile of Highway 251 frontage that is well suited for commercial development. The property is located 3 1/2 miles from Interstate 39 and Interstate 88 interchange and in close proximity to Interstate 39 Logistics Corridor, Union Pacific Intermodal facility, and the 2nd largest UPS air hub in the nation. Excellent agricultural investment with substantial future upside. Seller will consider selling land and home site separately.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
411B Ashdale silt loam 64.86 168 10896
661B Atkinson silt loam 48.5 150 7275
440A Jasper loam 32.31 175 5654
199A Plano silt loam 32.29 194 6264
102A La Hogue loam 27.61 162 4473
125A Selma loam 23.27 176 4096
488A Hooppole loam 14.26 163 2324
440B Jasper loam 13.86 173 2398
88B Sparta loamy sand 10.73 118 1266
198A Elburn silt loam 10.11 197 1992
324C2 Ripon silt loam 6.46 140 904
742B Dickinson sandy loam 3.84 146 561
324B Ripon silt loam 2.57 149 383
3776A Comfrey loam 1.39 185 257
1776A Comfrey silt loam 0.57 185 105
503B Rockton silt loam 0.25 133 33
    Total: 292.88    

TOTAL ACRES - 321.9 acres, more or less
TILLABLE ACRES - 292.9 acres, or 91.0% per FSA figures
CORN YIELD - 166.9 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 151.9 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.