Property Details
location
The subject farm is located approximately 52 miles west of Chicago O'Hare International Airport. Nearby cities include: Malta (3 1/8 miles northeast), Rochelle (5 3/8 miles west), and DeKalb (7 3/8 miles east).
frontage
There is approximately 3/16 mile of road frontage on Tower Road and 3/16 mile on Keslinger Road.
major highways
Interstate 88 is 1 mile north, Interstate 39 is 4 3/8 miles west, U.S. Route 30 is 8 miles south, and Illinois Route 23 is 8 3/8 miles east of the property.
legal description
A brief legal description indicates The Grover Farm is located in Part of the Southwest Quarter of Section 5, Township 39 North – Range 3 East (Milan Township), DeKalb County, Illinois.
total acres
There are a total of 110 acres, more or less, according to the DeKalb County Assessor.
tillable acres
There are approximately 107 tillable acres, estimated.
soil types
Major soil types found on this farm include Danabrook silt loam, La Rose loam, and Elpaso silty clay loam.
topography
The topography of the subject farm is level to rolling.
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 $13,900 per acre. 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 2022 real estate taxes totaled $3,503.06. The tax parcel numbers are: #10-05-300-011, #10-05-300-012 & #10-05-300-013.
grain markets
There are a number of grain markets located within 10 miles of The Grover Farm.
zoning
The property is zoned A-1, Agricultural.
comments
The lease income from the two wind turbines on the property was $22,828.35 in 2022. Details of the wind lease are available upon request.