The Ho-Ka Farm

Price: $11,850 per acre
County: DeKalb

Contact Details
Mark T. Mommsen
Mobile: 815-901-4269
Phone: 815-756-3606

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Property Details

The subject farm is located approximately 48 miles southwest of Chicago O'Hare International Airport. Nearby cities include: Waterman (1 1/2 miles northwest), Shabbona (2 3/8 miles west), and DeKalb (9 miles north).
There is approximately 3/8 mile of road frontage on Leland Road.
major highways
U.S. Route 30 is 3/4 mile north, Illinois Route 23 is 3 miles east, and Interstate 39/U.S Route 51 is 10 miles west of the property.
legal description
A brief legal description indicates The Ho-Ka Farm is located in Part of the East Half of Section 19 and Part of the West Half of Section 20, all in Township 38 North – Range 4 East (Clinton Township), DeKalb County, Illinois.
total acres
There are a total of 120 acres, more or less, according to the DeKalb County Assessor.
tillable acres
There are approximately 66.37 cropland acres, according to the DeKalb County FSA. The following approximate, estimated acreages comprise the balance of the property: 31.5 acres in grass and woods, 16 acres of building site, and 4.5 acres in lagoons.
soil types
Major soil types found on this farm include: Catlin silt loam, Wingate silt loam, and Elpaso silty clay loam
The topography of the subject farm is level to gently rolling.
mineral rights
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.
price terms
The asking price is $11,850 per acre. 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 2022 real estate taxes for PIN #14-20-100-001 (60 acres including the home and outbuildings) totaled $15,499.38. The 2023 total assessment for this PIN decreased by 31.5% from 2022, according to the DeKalb County Assessor, which will be reflected in the 2023 tax bill.

The 2022 real estate taxes for PIN #14-19-200-004 (60 acres of bare land) totaled $1,878.24.
grain markets
There are a number of grain markets located within 15 miles of The Ho-Ka Farm.
The property is zoned A1– Agriculture.
The property includes a building site with a single family home and a number of outbuildings located at 8519 Leland Road, Waterman, IL 60556. All improvements are being sold as-is.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
171BCatlin silt loam15.521371852,871
348C2Wingate silt loam14.991131532,293
356AElpaso silty clay loam12.471441952,432
348BWingate silt loam9.491201631,547
171ACatlin silt loam5.791381871,083
512BDanabrook silt loam2.69137185498
154AFlanagan silt loam1.87144194363
60C2La Rose loam1.84110148272
512C2Danabrook silt loam0.98128174171
60D2La Rose loam0.73105142104
Total Acres : 120.00 acres, more or less
Tillable Acres : 66.37 acres, or 55.31% per FSA figures
Productivity Index : 129.51
Weighted Average Corn Yield Index : 175.27 bushels per acre, based on tillable acres
Comparable Yield Index : 96.94 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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