MGW Real Estate Information

The Golf Road Farm
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Price : $59,000 per acre
County: Cook

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269
Email: Mark.Mommsen@mgw.us.com

Property Details
Location: The subject farm is located approximately 15 miles northwest of Chicago O'Hare International Airport and is contiguous to the village of Hoffman Estates. Nearby cities include: Elgin (3/16 mile southwest), Streamwood (1 mile east), and South Barrington (2 3/8 miles northeast). The property address is 575 Golf Road, Elgin, IL 60120.
Frontage: There is approximately 5/16 mile of road frontage on Golf Road (Illinois Route 58) and 3/16 mile on Rohrssen Road.
Major Highways: Illinois Route 58 is the north border of the property, Illinois Route 59 is 1 mile east, Illinois Route 19 is 1 mile south, Illinois Route 25 is 2 3/8 miles west, and Interstate 90 is 1 1/2 miles north of the property.
Legal Description: A brief legal description indicates The Golf Road Farm is located in Part of the Northwest Quarter of Section 16 and Part of the Northeast Quarter of Section 17, Township 41 North - Range 9 East (Hanover Township), Cook County, Illinois.
Total Acres: There are a total of 27.76 acres, more or less, according to the Cook County Assessor's Office.
Tillable Acres: There are approximately 15.93 tillable acres according to AgriData
Soil Types: The primary soil type on this farm is Ozaukee silt loam.
Topography: The topography of the subject farm is level to gently rolling.
Climate/Growing Season: Cook 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 inches with over two thirds of this coming during the growing season. Snowfall averages about 32 inches per year. Prevailing winds are from the west. This climate, combined with the generally excellent soils in this area, provide 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 $59,000 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 $983.85. The tax parcel number is #06-16-102-011-0000.
Grain Markets: There are a number of grain markets located within 20 miles of The Golf Road Farm.
Zoning: The Golf Road Farm is zoned R4 - Single-Family.
Comments: Excellent future development potential. Included in Hoffman Estates' future land use map as Retail Residential Mixed Use.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
530D2 Ozaukee silt loam 5.48 140 767
530C2 Ozaukee silt loam 3.84 143 549
530B Ozaukee silt loam 2.49 149 371
3107A Sawmill silty clay loam 2.03 189 384
327C2 Fox silt loam 1.26 142 179
442A Mundelein silt loam 0.73 188 137
330A Peotone silty clay loam 0.1 164 16
    Total: 15.93    

TOTAL ACRES - 27.8 acres, more or less
TILLABLE ACRES - 15.9 acres, or 57.4% per FSA figures
CORN YIELD - 150.8 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 86.6 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.