MGW Real Estate Information

The Herman Road Farm
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Price : $9,250 per acre Sale Pending
County: Lee

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Contact Details -
Josh Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0439
Email: Josh.Waddell@mgw.us.com

Property Details
Location: The subject farm is located approximately 59 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Steward (2 3/8 miles north), Lee (4 1/4 miles east), and Paw Paw (8 miles southeast).
Frontage: There is approximately 1/2 mile of road frontage on Herman Road.
Major Highways: Interstate 39/U.S. Route 51 is 1 1/4 miles east, U.S. Route 30 is 3 1/2 miles south, and Illinois Route 251 is 2 miles west of the property.
Legal Description: A brief legal description indicates The Herman Road Farm is located in Part of the Southeast Quarter of Section 31 and Part of the Southwest Quarter of Section 32, Township 39 North - Range 2 East (Alto Township), Lee County, Illinois.
Total Acres: There are a total of 160 acres, more or less, according to the Lee County Assessor's Office.
Tillable Acres: There are approximately 157.2 tillable acres, according to the Lee County FSA.
Soil Types: Major soil types found on this farm include Dunham silty clay loam and Grundelein silt loam.
Topography: The topography of the subject farm is level.
Climate/Growing Season: Lee County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 173 days. On average we expect about 2,750 growing degree days from April 23 through October 15. Annual precipitation averages about 35" with over two thirds of this coming during the growing season. Snowfall averages about 35" per year. Prevailing winds are from the west-northwest.
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 $9,250 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 $3,762. The tax parcel numbers are #06-31-400-002 & #06-32-300-001.
Grain Markets: There are a number of grain markets located within 15 miles of The Herman Road Farm.
Zoning: The Herman Road Farm is zoned A-1, Agricultural District.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
523A Dunham silty clay loam 144.24 177 25530
526A Grundelein silt loam 12.96 186 2411
    Total: 157.2    

TOTAL ACRES - 160.0 acres, more or less
TILLABLE ACRES - 157.2 acres, or 98.3% per FSA figures
CORN YIELD - 177.7 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 174.6 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.