The Bingham Road East Farm

Price: $10,450 per acre
County: Lee

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

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Property Details

location
The subject farm is located approximately 60 miles southwest of Chicago O’Hare International Airport. Nearby towns include: Paw Paw (4 1/4 miles southeast), Shabbona (8 miles east), Rochelle (10 miles north), and Amboy (13 7/8 miles west).
frontage
There is approximately 7/16 mile of road frontage on Bingham Road and 3/8 mile on Stainbrook Road.
major highways
U.S. Route 30 is 1 mile north, Interstate 39/U.S. Route 51 is 1 5/8 miles east, and Illinois Route 251 is 1 3/4 miles west of the property.
legal description
A brief legal description indicates The Bingham Road East Farm is located in Part of the North Half of Section 30, Township 38 North - Range 2 East (Willow Creek Township), Lee County, Illinois.
total acres
There are a total of 117.26 acres, more or less, according to the Lee County Assessor’s Office.
tillable acres
There are approximately 113.51 tillable acres, according to the Lee County FSA.
soil types
Major soil types found on this farm include Wyanet silt loam and Saybrook silt loam.
FSA Data
Detailed FSA information is available in the property brochure.
topography
The topography of the subject farm is level to gently rolling.
location 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 terms
The asking price is $10,450 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.
grain markets
There are a number of grain markets located within 10 miles of The Bingham Road East Farm.
comments
There is one wind turbine generator on the Bingham Road East Farm. The total 2019 wind turbine income is $10,500. Please contact our office for additional details.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
622B2Wyanet silt loam39.451141536,036
145B2Saybrook silt loam28.901251704,913
622C2Wyanet silt loam26.161121503,924
356AElpaso silty clay loam10.051441951,960
171BCatlin silt loam7.141371851,321
154AFlanagan silt loam1.81144194351
Total Acres : 117.26 acres, more or less
Tillable Acres : 113.51 acres, or 96.80% per FSA figures
Productivity Index : 120.92
Weighted Average Corn Yield Index : 163.02 bushels per acre, based on tillable acres
Comparable Yield Index : 157.81 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.

*Figures taken from the University of Illinois Bulletin 811, Optimum Crop Productivity Ratings for Illinois Soils.

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