Property Details
location
The subject farm is located approximately 15 miles northwest of Chicago O'Hare International Airport and is contiguous to the village of Hoffman Estates. Nearby cities include: Elgin (3/16 mile southwest), Streamwood (1 mile east), and South Barrington (2 3/8 miles northeast). The property address is 575 Golf Road, Elgin, IL 60120.
frontage
There is approximately 5/16 mile of road frontage on Golf Road (Illinois Route 58) and 3/16 mile on Rohrssen Road.
major highways
Illinois Route 58 is the north border of the property, Illinois Route 59 is 1 mile east, Illinois Route 19 is 1 mile south, Illinois Route 25 is 2 3/8 miles west, and Interstate 90 is 1 1/2 miles north of the property.
legal description
A brief legal description indicates The Golf Road Farm is located in Part of the Northwest Quarter of Section 16 and Part of the Northeast Quarter of Section 17, Township 41 North - Range 9 East (Hanover Township), Cook County, Illinois.
total acres
There are a total of 27.76 acres, more or less, according to the Cook County Assessor's Office.
tillable acres
There are approximately 15.93 tillable acres according to AgriData
soil types
The primary soil type on this farm is Ozaukee silt loam.
topography
The topography of the subject farm is level to gently rolling.
location climate growing season
Cook 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 $35,000 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 2016 real estate taxes totaled $851.57. The tax parcel number is #06-16-102-011-0000.
grain markets
There are a number of grain markets located within 20 miles of The Golf Road Farm.
zoning
The Golf Road Farm is zoned R4 - Single-Family.
comments
Excellent future development potential. Included in Hoffman Estates' future land use map as Retail Residential Mixed Use.