Property Details
location
The subject farm is located approximately 98 miles southwest of Chicago O’Hare International Airport. Nearby towns include: Tampico (4 5/8 miles northwest), Walnut (7 1/4 miles east), and Princeton (17 miles southeast).
frontage
There is approximately 3/8 mile of road frontage on 600E Street.
major highways
Illinois Route 92 is 1/4 mile north, Illinois Route 172 is 1 7/8 miles northwest, Illinois Route 40 is 3 miles east, and Interstate 80 is 11 5/8 miles south of the property.
legal description
A brief legal description indicates The Lalik North Farm lies is located in Part of the Southeast Quarter of Section 12, Township 18 North – Range 6 East (Fairfield Township), Bureau County, Illinois.
total acres
There are a total of 120 acres, more or less, according to the Bureau County Assessor’s Office.
tillable acres
There are approximately 116.31 tillable acres according to the Bureau County FSA.
soil types
Major soil types found on this farm include Harpster silty clay loam and Selma loam.
FSA Data
Detailed FSA information can be found in the brochure.
topography
The topography of the subject farm is level to nearly level.
location climate growing season
Bureau 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. This climate, combined with the generally excellent soils in this area, provide a nearly ideal environment for the production of corn 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 $8,250 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 2019 real estate taxes totaled $3,522.32. The tax parcel number is #01-12-400-002.
grain markets
There are a number of grain markets located within 10 miles of The Lalik North Farm.
zoning
The Lalik North Farm is zoned AG - Agricultural.