The Elwood Property

Price: $9,250 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 property is located approximately 37 miles southwest of Chicago O'Hare International Airport and is contiguous to the city of Joliet. Nearby towns include: Manhattan (1 3/4 miles east), Elwood (2 1/2 miles southwest), and New Lenox (3 miles northeast).
frontage
There is approximately 3/16 mile of road frontage on W Manhattan Road.
major highways
Illinois Route 53 is 1 1 /2 miles west, U.S. Route 52 is 2 1/4 miles east, Interstate 80 is 5 3/16 miles north, and Interstate 55 is 7 1/2 miles west of the property.
legal description
A brief legal description indicates The Elwood Property is located in Part of the Northeast Quarter Section 14, Township 34 North - Range 10 East (Jackson Township), Will County, Illinois.
total acres
There are a total of 66.98 acres, more or less, according to the Will County Assessor's Office.
tillable acres
There are approximately 54.73 tillable acres, estimated.
soil types
Major soil types found on this farm include Waupecan silt loam and Symerton silt 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 $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 $1,455.98. The tax parcel numbers are #10-11-14-200-013-0000 and #10-11-14-200-005-0000.
grain markets
There are a number of grain markets located within 15 miles of The Elwood Property.
zoning
The Elwood Property is zoned A-1 Agricultural and E-2 Residential Estate.
comments
Productive tillable land with approximately 10 acres of timber/recreational land. Superb location for future development.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
369AWaupecan silt loam21.941391894,147
294BSymerton silt loam10.701301771,894
223C2Varna silt loam8.851101501,328
232AAshkum silty clay loam6.901271701,173
146BElliott silt loam2.87124166476
369BWaupecan silt loam2.40138187449
329AWill silty clay loam0.5612917497
541BGraymont silt loam0.4413318180
293BAndres silt loam0.0713418213
Total Acres : 66.98 acres, more or less
Tillable Acres : 54.73 acres, or 81.71% per FSA figures
Productivity Index : 130.05
Weighted Average Corn Yield Index : 176.43 bushels per acre, based on tillable acres
Comparable Yield Index : 144.16 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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