The Bingham Road West Farm

Price: $10,550 per acre
County: Lee

Contact Details
Josh Waddell
Mobile: 815-751-0439
Phone: 815-756-3606

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Property Details

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 1/2 miles east), Rochelle (10 1/2 miles north), and Amboy (13 miles west).
There is approximately 1/2 mile of road frontage on Fisk Road and 1/2 mile on Bingham Road.
major highways
Illinois Route 251 is 1 mile west, U.S. Route 30 is 1 1/4 miles north, and Interstate 39/U.S. Route 51 is 2 miles east of the property.
legal description
A brief legal description indicates The Bingham Road West Farm is located in Part of the East Half of Section 25, Township 38 North - Range 1 East (Viola Township) and Part of the West Half of Section 30, Township 38 North Range 2 East (Willow Creek Township), Lee County, Illinois.
total acres
There are a total of 247.96 acres, more or less, according to the Lee County Assessor’s Office.
tillable acres
There are approximately 244.5 tillable acres according to the Lee County FSA.
soil types
Major soil types found on this farm include Wyanet silt loam, Elpaso silty clay loam, and Saybrook silt loam.
FSA Data
Detailed FSA information is available in the property brochure.
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 will be given at closing, subject to the terms and conditions set forth in a purchase contract.
price terms
The asking price is $10,550 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
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 West Farm.
There are two wind turbine generators on the Bingham Road West Farm. The total 2019 wind turbine income is $21,000 ($10,500 per turbine). Please contact our office for additional details.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
622B2Wyanet silt loam92.6511415314,175
356AElpaso silty clay loam59.2714419511,558
145B2Saybrook silt loam50.511251708,587
171BCatlin silt loam22.431371854,150
622C2Wyanet silt loam15.711121502,357
60B2La Rose silt loam3.93112151593
Total Acres : 247.96 acres, more or less
Tillable Acres : 244.50 acres, or 98.60% per FSA figures
Productivity Index : 125.49
Weighted Average Corn Yield Index : 169.40 bushels per acre, based on tillable acres
Comparable Yield Index : 167.04 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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