MGW Real Estate Information

The Plank Road Farm
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Price : $10,950 per acre
County: Kane

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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 25 miles west of Chicago O'Hare International Airport. Nearby cities include: Elgin (1/4 mile northwest), Campton Hills (2 1/2 miles south), and Pingree Grove (1 1/2 miles north). The property address is 40W267 Plank Road, Hampshire, IL 60140.
Frontage: There is approximately 1/4 mile of road frontage on Plank Road.
Major Highways: U.S. Route 20 is 1/2 mile north, Illinois Route 47 is 2 7/8 miles west, Illinois Route 72 is 3 1/4 miles northwest, Interstate 90 is 4 miles north, and Illinois Route 31 is 5 1/2 miles east of the property.
Legal Description: A brief legal description indicates The Plank Road Farm is located in Part of the Southeast Quarter of Section 11 and Part of the North Half of Section 14, Township 41 North - Range 7 East (Plato Township), Kane County, Illinois.
Total Acres: There are a total of 127.71 acres, more or less, according to the Kane County Assessor's Office.
Tillable Acres: There are approximately 103.1 tillable acres, estimated.
Soil Types: The primary soil type on this farm is Drummer silty clay loam.
Topography: The topography of the subject farm is level to gently rolling.
Climate/Growing Season: Kane 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, 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 $10,950 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 2016 real estate taxes totaled $5,739.84. The tax parcel numbers are: #05-11-400-005, #05-11-400-006, #05-14-100-003, #05-14-200-003, and #05-14-200-004.
Grain Markets: There are a number of grain markets located within 15 miles of The Plank Road Farm.
Zoning: The Plank Road Farm is zoned F - Farming
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
152A Drummer silty clay loam 32.14 195 6267
103A Houghton muck 21.45 175 3754
668B Somonauk silt loam 16.99 161 2735
219A Millbrook silt loam 6.67 177 1181
356A Elpaso silty clay loam 5.41 195 1055
527B Kidami silt loam 5.08 155 787
330A Peotone silty clay loam 3.99 164 654
527D2 Kidami loam 3.65 146 533
527C2 Kidami loam 2.9 149 432
668A Somonauk silt loam 2.77 163 452
w Water 1.64 0 0
570B Martinsville silt loam 0.41 153 63
    Total: 103.1    

TOTAL ACRES - 127.7 acres, more or less
TILLABLE ACRES - 103.1 acres, or 80.7% per FSA figures
CORN YIELD - 173.7 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 140.3 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.