The I-90 Belvidere Property

Price: $39,900 per acre
County: Boone

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 53 miles northwest of Chicago O’Hare International Airport. Nearby towns include: Belvidere (3/8 mile north and 1 mile east), Cherry Valley (1 mile west), and Rockford (2 3/4 miles northwest).
frontage
There is approximately 472 feet of road frontage on Ipsen Road, 725 feet on Irene Road, and 3/8 mile on Interstate 90.
major highways
Interstate 90 is the south border of the property, U.S. Route 20 is approximately 115 feet north of the property, and Interstate 39 is 2 3/4 miles west.
legal description
A brief legal description indicates The I-90 Belvidere Property is located in Part of the North Half of Section 5, Township 43 North – Range 3 East (Flora Township), Boone County, Illinois.
total acres
There are a total of 92.797 acres, according to a recent survey.
tillable acres
There are approximately 90.5 tillable acres, more or less, estimated.
soil types
Dakota loam is the major soil type found on this farm.
topography
The topography of the subject farm is level.
location climate growing season
Boone County has a continental climate typical of north-central Illinois. The average length of the growing season is nearly 160 days. On average we expect about 2,750 growing degree days from April 15 through September 30. Annual precipitation averages about 35" with over 2/3 of this coming during the growing season. Snowfall averages about 36" per year. Prevailing winds are from the west and southwest. The climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn, wheat 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 $39,900 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 2018 real estate taxes totaled $1,686.86. The tax parcel numbers are #07-05-100-022, #07-05-201-011 & #07-05-227-009
grain markets
There are a number of grain markets located within 15 miles of the I-90 Belvidere Property.
zoning
The I-90 Belvidere Property is zoned B-2 General Business District, R-1 Single Family Residential District, and A-1 Ag. Preservation.
comments
Excellent investment opportunity. Productive soils, high percentage tillable property with superior I-90 location. Well located between Rockford, Cherry Valley, and Belvidere with significant future upside. Contiguous to the Irene Road/I-90 Interchange.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
379ADakota loam73.9511215011,093
290BWarsaw loam11.771181591,871
197ATroxel silt loam4.85140191926
529ASelmass loam0.0912116315
Total Acres : 92.80 acres, more or less
Tillable Acres : 90.66 acres, or 97.70% per FSA figures
Productivity Index : 114.29
Weighted Average Corn Yield Index : 153.37 bushels per acre, based on tillable acres
Comparable Yield Index : 149.84 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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