Property Details
location
The subject farm is located approximately 50 miles west of Chicago O'Hare International Airport. Nearby cities include: Kirkland (5 1/2 miles north), DeKalb (5 3/4 miles southeast), and Rochelle (7 miles southwest).
frontage
There is approximately 1/2 mile of road frontage on Illinois Route 64 and 1/2 mile on Malta Road.
major highways
Illinois Route 64 is the south border of the property, Interstate 39/U.S. Route 51 is 6 7/8 miles west, and Illinois Route 72 is 5 1/2 miles north of the property.
legal description
A brief legal description indicates the Lloyd Farm is located in the Northwest Quarter of Section 27, Township 41 North – Range 3 East (South Grove Township), DeKalb County, Illinois.
total acres
There are a total of 159.72 acres, more or less, according to the DeKalb County Assessor.
tillable acres
There are approximately 134.81tillable acres, according to the DeKalb County FSA. There are an additional 11.50 acres currently enrolled in CRP with an annual contract payment of $3,450 through September 30, 2033.
soil types
Major soil types found on this farm include Parr silt loam, Danabrook silt loam, and Catlin silt loam.
topography
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
Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
price terms
The asking price is $12,500 per acre. 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 2022 real estate taxes totaled $6,509.94. The tax parcel numbers are #04-27-100-001 & #04-27-100-003.
grain markets
There are a number of grain markets located within 15 miles of The Lloyd Farm.
zoning
The property is zoned A-1, Agricultural District.