The Lakewood Farm

Price: $19,500 per acre
County: McHenry

Contact Details
Mark T. Mommsen
Mobile: 815-901-4269
Phone: 815-756-3606
Email: Mark.Mommsen@mgw.us.com

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Property Details

location
The subject farm is located approximately 28 miles northwest of Chicago O'Hare International Airport. The property is located within the village of Lakewood, is contiguous to Lake in the Hills, and is 1 mile north of Huntley.
frontage
There is approximately 3/8 mile of road frontage on Ackman Road and 3/8 mile on Haligus Road.
major highways
Illinois Route 47 is 1 1/4 miles west, Illinois Route 176 is 2 5/8 miles north, Illinois Route 31 is 5 3/8 miles east, and Interstate 90 is 5 7/8 miles southwest of the property.
legal description
A brief legal description indicates The Lakewood Farm is located in Part of the Northwest Quarter of Section 14 and Part of the Northeast Quarter of Section 15, Township 43 North – Range 7 East (Grafton Township), McHenry County, Illinois.
total acres
There are a total of 71.50 acres, more or less, according to the McHenry County Assessor’s Office.
tillable acres
There are approximately 67 tillable acres, estimated.
soil types
The primary soil type is Varna silt loam.
topography
The topography of the subject farm is level to rolling.
location climate growing season
McHenry 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 inches with over two thirds of this coming during the growing season. Snowfall averages about 36 inches 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 $19,500 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 $1,078.80. The tax parcel numbers are #18-14-100-025 & #18-15-200-016.
grain markets
There are a number of grain markets located within 15 miles of The Lakewood Farm.
zoning
The Lakewood Farm is currently zoned R-1, Single Family Detached.
comments
Excellent development potential. Contiguous to the Kishwaukee Fen Nature Preserve and RedTail Golf Club.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
223BVarna silt loam38.961151566,078
223C2Varna silt loam12.361101501,854
223D2Varna silt loam10.861081471,596
232AAshkum silty clay loam3.99127170678
361E2Kidder loam0.448411249
103AHoughton muck0.3013017553
618ESenachwine silt loam0.099312711
Total Acres : 71.50 acres, more or less
Tillable Acres : 67.00 acres, or 93.71% estimated
Productivity Index : 113.49
Weighted Average Corn Yield Index : 154.03 bushels per acre, based on tillable acres
Comparable Yield Index : 144.33 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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