The Eagle Lake Farm

Price: $8,450 per acre
County: Will

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 57 miles southeast of Chicago O'Hare International Airport. Nearby towns include: Beecher (3 3/4 miles southwest), Crete (6 1/2 miles northwest), and Lowell (8 miles southeast).
frontage
There is approximtely 3/8 mile of road frontage on Yates Avenue.
major highways
U.S. Route 41 is 3 3/4 miles east, Illinois Route 1 is 4 1/4 miles west, and 57 is 12 miles west of the property.
legal description
A brief legal description indicates The Eagle Lake Farm is located in Part of the North Half of Section 7, Township 33 North - Range 15 East (Washington Township), in Will County, Illinois.
total acres
There are a total of 212 acres, more or less, according to Will County Assessor's Office.
tillable acres
There are 205.91 tillable acres, according to the Will County FSA Office.
soil types
Major soil types found on this farm include Houghton muck and Ashkum silty clay loam.
topography
The topography of the subject farm is level to nearly level.
location climate growing season
Will 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, provide 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 terms
The asking price is $8,450 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.
taxes
The 2014 real estate taxes totaled $5,007.82 The tax parcel numbers are #22-23-07-100-013-0000 and #22-23-07-200-001-0000.
grain markets
There are a number of grain markets located within 20 miles of The Eagle Lake Farm.
zoning
The Eagle Lake Farm is zoned A-1, Agricultural.
comments
Productive farm with strong location in Will County. High percentage tillable, excellent investment opportunity.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
103AHoughton muck101.1113017517,694
232AAshkum silty clay loam99.6312717016,937
740ADarroch silt loam4.53129177802
531C2Markham silt loam0.6410814794
Total Acres : 212.00 acres, more or less
Tillable Acres : 205.91 acres, or 97.13% per FSA figures
Productivity Index : 128.46
Weighted Average Corn Yield Index : 172.54 bushels per acre, based on tillable acres
Comparable Yield Index : 167.58 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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