Property Details
location
The subject farm is located approximately 61 miles southwest of Chicago O'Hare International Airport. Nearby cities include: Paw Paw (2 1/4 miles east), Mendota (7 miles south), and Rochelle (13 5/8 miles north).
frontage
There is approximately 7/16 mile of road frontage on Interstate 39/U.S. Route 51, 1 /2 mile on Hedge Road, and 1 mile on Roxbury Road.
major highways
Interstate 39/U.S. Route 51 is the northwest border of the property, Illinois Route 251 is 2 3/8 miles west, U.S. 30 is 4 3/4 miles north, and U.S. 34 is 7 1/8 miles south of the property.
legal description
A brief legal description indicates the Paw Paw Farm is located in Part of the South Half of Section 7, Part of the Northwest Quarter of Section 17, and Part of the North Half of Section 18, Township 37 North – Range 2 East (Wyoming Township), Lee County, Illinois.
total acres
There are a total of 368.24 acres, more or less, according to the Lee County Assessor.
tillable acres
There are approximately 350.27 tillable acres according to the Lee County FSA.
soil types
Major soil types found on this farm include: Muscatune silt loam, Catlin silt loam, and Blackberry 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 $17,200 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 $19,626.68. The tax parcel numbers are: #22-18-07-400-003, #22-18-07-400-004, #22-18-07-400-006, #22-18-17-100-003, #22-18-17-100-004, #22-18-18-200-001 & #22-18-18-200-002.
grain markets
There are a number of grain markets located within 15 miles of The Paw Paw Farm.
zoning
The property is zoned Ag-1 Rural/Agricultural District.