The subject property is located approximately 78 miles west of Chicago O'Hare International Airport. Nearby cities include: Mt. Morris (3 7/8 miles north), Oregon (4 3/4 miles northeast), Polo (6 miles west), and Dixon (6 1/8 miles southwest).
There is approximately 11/16 mile of road frontage on S Columbian Road.
Illinois Route 2 is 2 5/8 miles southeast, Illinois Route 64 is 4 1/2 miles north, and U.S. Route 52 is 6 5/8 miles west of the property.
A brief legal description indicates The Coine Farm is located in Part of the Northwest Quarter and Southeast Quarter of Section 15 and Part of the Northeast Quarter of Section 22, all in Township 23 North – Range 9 East (Pine Creek Township), Ogle County, Illinois.
There are a total of 216.62 acres, more or less. Seller will consider offers on each side of the road separately.
The Coine Farm has a total of approximately 115.40 total tillable acres, according to the Ogle County FSA.
The 37.65 acres west of S Columbian Road has approximately 13.71 tillable acres, estimated, of which 2.4 acres are currently enrolled in CRP, receiving an annual payment of $815 through September 30, 2029.
The 178.97 acres east of S Columbian Road has approximately 101.69 tillable acres according to the Ogle County FSA, of which 62.99 are currently enrolled into three CRP contracts with current annual payments totaling $8,747 (expiring 2019, 2023, 2028). There are an additional 3.23 acres enrolled in CRP that are planted to pine trees, receiving an annual payment of $389 through September 30, 2019.
The primary soil type on this farm is Lawson silt loam.
Detailed FSA information can be found in the brochure.
The topography of the subject property is level to very rolling.
location climate growing season
Ogle 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" with over 2/3 of this coming during the growing season. Snowfall averages about 33" per year. Prevailing winds are from the west and southwest. This climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn and soybeans.
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.
The asking price is $5,850 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.
The 2016 real estate taxes on the 37.65 acre tract west of S Columbian Road is to be determined pending a parcel split of PIN#15-15-100-007. The 2016 real estate taxes on the 178.97 acre tract east of S Columbian Road totaled $1,397.86 (PINs: #15-15-400-003, #15-15-400-004, and #15-22-200-002).
There are a number of grain markets located within 10 miles of The Coine Farm.
The Coine Farm is zoned AG-1, Agricultural.
All property inspections must be scheduled in advance with Martin, Goodrich & Waddell, Inc.