MGW Real Estate Information

The Hub City Route 38 Farm
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Price : $12,500 per acre Sold
County: Ogle

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Contact Details -
Jeff Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0501

Property Details
Location: The subject farm is located approximately 62 miles west of Chicago O'Hare International Airport. Nearby cities include: Rochelle (1/4 mile east), Oregon (11 3/4 miles northwest), and Byron (14 1/4 miles northwest).
Frontage: There is approximately 1/4 mile of road frontage on Illinois Route 38 and 1/4 mile on Center Road.
Major Highways: Illinois Route 38 is the south border of the property, Interstate 88 is 2 1/4 miles south, Illinois Route 251 is 2 1/4 miles east, and Interstate 39/U.S. Route 51 is 4 1/2 miles east of the property.
Legal Description: A brief legal description indicates the Hub City Route 38 Farm is located in Part of the Southeast Quarter of Section 21, Township 40 North - Range 1 East (Flagg Township), Ogle County, Illinois.
Total Acres: There are a total of 57.467 acres according to a survey.
Tillable Acres: There are approximately 54.92 tillable acres, according to the Ogle County FSA.
Soil Types: The primary soil type on this farm is Drummer silty clay loam.
FSA Data: There is no CRP. Base Acreage: 41.18 acres corn, 13.72 acres soybeans. PLC Yield: 120 bushels corn, 34 bushels soybeans.
Topography: The topography of the subject property is level to nearly level.
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: Financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The 2015 real estate taxes totaled $2,505.78. The tax parcel number is #24-21-400-012.
Grain Markets: There are a number of grain markets located within 10 miles of The Hub City Route 38 Farm.
Zoning: This property is currently zoned AG-1 Agricultural.
Comments: Excellent location immediately west of the city of Rochelle. Sewer and water through the property. Engineering for light industrial development has been completed.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
152A Drummer silty clay loam 31.38 195 6119
171A Catlin silt loam 8.66 187 1619
198A Elburn silt loam 4.05 197 798
171B Catlin silt loam 3.89 185 720
570B Martinsville silt loam 3.36 153 514
154A Flanagan silt loam 2.81 194 545
490A Odell silt loam 0.58 176 102
145B Saybrook silt loam 0.19 177 34
    Total: 54.92    

TOTAL ACRES - 57.5 acres, more or less
TILLABLE ACRES - 54.9 acres, or 95.6% per FSA figures
CORN YIELD - 190.3 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 181.9 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.