The Lake Forest Property

Price: $5,450 per acre
County: Rock Island

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

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Property Details

The subject property is located approximately 141 miles southwest of Chicago O'Hare International Airport, within the village of Milan, and contiguous to Oak Grove. Nearby cities include: Rock Island (1/2 mile west), Moline (1 1/4 miles northeast), Davenport (5 1/2 miles northwest), and Bettendorf (7 1/2 miles northeast).
There is approximately 970 feet of road frontage on U.S. Route 67.
major highways
U.S. Route 67 is the west border of the property, Interstate 280 is 1 3/4 miles north, Interstate 74 is 4 1/4 miles northeast, and Interstate 80/88 is 13 3/4 miles northeast of the property.
legal description
A brief legal description indicates The Lake Forest Property is located in Part of the Southwest Quarter of Section 36, Township 17 North - Range 2 West (Blackhawk Township), Rock Island County, Illinois.
total acres
There are a total of 73 acres, more or less, according to the Rock Island County Assessor's Office.
tillable acres
There are approximately 38 tillable acres.
soil types
The primary soil type on this property is Greenbush silt loam. The cropland Productivity Index is 121.2
The topography of the subject property is level to 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 $5,450 per acre. The owners are seeking a cash sale. 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 2016 real estate taxes totaled $926.32. The tax parcel number is #16-36-300-001.
grain markets
There are a number of grain markets located within 15 miles of The Lake Forest Property.
The Lake Forest Property is zoned Residential.
Future development potential. Well-located in the Quad Cities Metropolitan Area. Concept plans for a mixed residential development are available. An excellent recreational property with cropland income. Seller is a licensed Illinois real estate broker.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
675AGreenbush silt loam21.021341843,868
19D3Sylvan silty clay loam5.5490122676
280BFayette silt loam4.33121165714
280B2Fayette silt loam2.76116159439
61AAtterberry silt loam1.89132182344
8FHickory silt loam1.296586111
19DSylvan silt loam1.11103140155
19FSylvan silt loam0.177910718
Total Acres : 73.00 acres, more or less
Tillable Acres : 38.11 acres, or 52.21% estimated
Productivity Index : 121.24
Weighted Average Corn Yield Index : 165.98 bushels per acre, based on tillable acres
Comparable Yield Index : 86.65 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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