The Lostant Farm

Price: $10,900 per acre
County: LaSalle

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 83 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Lostant (1 1/2 miles east), Tonica (4 1/4 miles northeast), Magnolia (4 3/4 miles southwest), and Wenona (6 miles southeast).
frontage
There is approximately 7/16 mile of road frontage on N 15th Road and 1/2 mile on E 3rd Road.
major highways
Interstate 39/U.S. Route 51 is 1 mile east, Illinois Route 251 is 1 1/2 miles east, Illinois Route 18 is 1 1/2 miles south, and Illinois Route 89 is 5 3/4 miles west of the property.
legal description
A brief legal description indicates The Lostant Farm is located in Part of the Northwest Quarter of Section 22, Township 31 North - Range 1 East (Hope Township), LaSalle County, Illinois.
total acres
There are a total of 153.1 acres, more or less, according to the LaSalle County Assessor's Office.
tillable acres
There are approximately 147.36 tillable acres according to the LaSalle County FSA.
soil types
Major soil types found on this farm include Muscatune-Buckhart silt loams and Sable silty clay loam.
topography
The topography of the subject farm is level to gently rolling.
location climate growing season
LaSalle County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 175 days. On average we expect about 2,750 growing degree days from April 24 through October 17. Annual precipitation averages about 33 inches with over half of this coming during the growing season. Snowfall averages about 25 to 27 inches per year. Prevailing winds are from the west-northwest. This climate, combined with the generally excellent soils in this area, provides 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 $10,900 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 2014 real estate taxes totaled $7,321.00. The tax parcel number is #30-22-103-000.
grain markets
There are a number of grain markets located within 15 miles of The Lostant Farm.
zoning
The Lostant Farm is zoned A-1, Agriculture.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Corn Yield Rating* Gross Bushels
814AMuscatune-Buckhart silt loams69.3214519313,379
68ASable silty clay loam65.2614319212,530
51AMuscatune silt loam12.381472002,476
679BBlackberry silt loam0.3114119260
86BOsco silt loam0.0914018917
Total Acres : 153.10 acres, more or less
Tillable Acres : 147.36 acres, or 96.25% per FSA figures
Productivity Index : 144.27
Corn Yield Rating : 193.14 bushels per acre, based on tillable acres
Comparable Yield Index : 185.90 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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