The Ogle County Crossroads Property

Price: $39,900 per acre
County: Ogle

Contact Details
Josh Waddell
Mobile: 815-751-0439
Phone: 815-756-3606
Email: Josh.Waddell@mgw.us.com

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Property Details

location
The property is located 60 miles west of Chicago O'Hare International Airport and is within the city of Rochelle. Rochelle is 30 minutes from Rockford - the second largest city in Illinois - and less than 90 minutes from downtown Chicago.
frontage
There is approximately 1/2 mile of road frontage on Interstate 88, 1/4 mile on Main Street, and 1/4 mile on Steward Road.
major highways
Illinois Route 251 is 3/4 mile west, Interstate 39 is 1 1/4 mile east, Illinois Route 38 is 2 miles north, and Interstate 88 intersects the property.
legal description
A brief legal description indicates The Ogle County Crossroads Property is located in Part of the North Half of Section 31, Township 40 North - Range 2 East (Dement Township), in Ogle County, Illinois.
total acres
There are approximately 125.9 acres, more or less, according to the Ogle County Assessor's Office.
tillable acres
There are approximately 110.33 tillable acres according to the Ogle County FSA.
soil types
Ashdale silt loam is the primary soil type on this property.
topography
The topography of the subject property is level to nearly level.
location climate growing season
Ogle 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" with over 2/3 of this coming during the growing season. Snowfall averages about 33" per year. Prevailing winds are from the west and southwest. 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 $39,900 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 2018 real estate taxes totaled $3,918.90. The tax parcel numbers are #25-31-100-006 and #25-31-200-015.
zoning
The property is zoned I2, General Industry.
comments
Immediate access and visibility on Interstate 88, which intersects the property. Close proximity to Interstate 39 Logistics Corridor, Union Pacific Intermodal facility, and the 2nd largest UPS air hub in the nation. With Foreign Trade Zone status, BNSF rail to the property, tax abatement incentive, low electric rates, and a strong labor pool this property is an excellent investment opportunity.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
411BAshdale silt loam72.8512416812,239
198AElburn silt loam16.821431973,314
171ACatlin silt loam11.141381872,083
152ADrummer silty clay loam9.521441951,856
Total Acres : 125.90 acres, more or less
Tillable Acres : 110.33 acres, or 87.63% per FSA figures
Productivity Index : 130.04
Weighted Average Corn Yield Index : 176.67 bushels per acre, based on tillable acres
Comparable Yield Index : 154.82 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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