The Lueth Farm

Price: $14,900 per acre
County: Kane

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 property is located approximately 23 miles Northwest of Chicago O'Hare International Airport. Nearby cities include: Algonquin (3/4 mile north), Elgin (2 miles south), and Huntley (2 3/4 miles west). The Lueth Farm is contiguous to Carpentersville and Gilberts.
frontage
There is approximately 33 feet of road frontage on Galligan Road.
major highways
State Highway 72 is 2 miles south, Interstate 90 is 2 1/4 miles southwest, and State Highway 47 is 3 miles west of the property.
legal description
A brief legal description indicates the Lueth Farm is located in Part of the North Half of Section 12, Township 42 North - Range 7 East (Rutland Township), Kane County, Illinois.
total acres
There are a total of 82 acres, more or less, according to the Kane County Assessor's Office.
tillable acres
There are 80.64 tillable acres according to the McHenry County FSA Office.
soil types
Major soil types found on this farm include: Will loam, Harpster silty clay loam, and Mundelein silt loam.
FSA Data
According to the McHenry County FSA there are 80.64 cropland acres. The FSA direct corn yield is 103 bushels per acre and the FSA corn base is 69.4 acres. The FSA direct bean yield is 25 bushels per acre and the FSA bean base is 8.6 acres. There are no wetlands per the FSA.
topography
The topography of the subject farm is level.
location climate growing season
Kane County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 142 days. On average we expect about 2,854 growing degree days from April 15 through September 30. Annual precipitation averages about 34 inches with over two-thirds of this coming during the growing season. Snowfall averages about 32 inches per year. Prevailing winds are from the west. 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 $14,900 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 2016 real estate taxes totaled $1,963.02. The tax parcel numbers are #02-12-100-002, #02-12-100-004, and #02-12-200-003.
grain markets
There are a number of grain markets located within 15 miles of The Lueth Farm.
zoning
The Lueth Farm is zoned F - Farming District.
improvements
Excellent location. Contiguous to the Binnie Forest Preserve and residential development, and in close proximity to Randall Road.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
329AWill loam42.801291747,447
67AHarpster silty clay loam18.351331823,340
442AMundelein silt loam10.551381881,983
318BLorenzo loam6.62104142940
210ALena muck2.32126170394
Total Acres : 82.00 acres, more or less
Tillable Acres : 80.64 acres, or 98.34% per FSA figures
Productivity Index : 128.95
Weighted Average Corn Yield Index : 174.91 bushels per acre, based on tillable acres
Comparable Yield Index : 172.01 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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