The Peotone Farm

Price: $7,450 per acre
County: Will

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 subject farm is located approximately 45 miles south of Chicago O’Hare International Airport. Nearby towns include: Peotone (1/2 mile west), Monee (5 1/2 miles northeast), Bourbonnais (7 1/2 miles south), and Frankfort (8 miles north). The address is 9156 W Wilmington-Peotone Road, Peotone, IL 60468.

frontage
There is approximately 1/4 mile of road frontage on W Wilmington-Peotone Road.
major highways
Interstate 57 is 1/2 mile east, Illinois Route 50 is 1 3/4 miles east, and U.S. 45/52 is 2 1/2 miles west of the property.
legal description
A brief legal description indicates The Peotone Farm is located in Part of the Southeast Quarter of Section 22, Township 33 North – Range 12 East (Peotone Township), Will County, Illinois.
total acres
There are a total of 80.188 acres according to a survey.
tillable acres
There are approximately 67.33 tillable acres according to the Will County FSA.
soil types
Major soil types found on this farm include Elliott silt loam and Varna silt loam.
topography
The topography of the subject farm is level to nearly level.
location climate growing season
Will 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 two thirds of this coming during the growing season. Snowfall averages about 32" per year. Prevailing winds are from the west. This climate, combined with the generally excellent soils in this area, provide 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 $7,450 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 2019 real estate taxes totaled $4,708.84. The tax parcel number is #17-20-22-400-001-0000.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
146BElliott silt loam22.351241663,710
223C2Varna silt loam19.071101502,861
146B2Elliott silty clay loam10.471191601,675
153APella silty clay loam10.461361831,914
149ABrenton silt loam4.23141195825
440BJasper loam0.75129173130
Total Acres : 80.19 acres, more or less
Tillable Acres : 67.33 acres, or 83.97% per FSA figures
Productivity Index : 122.25
Weighted Average Corn Yield Index : 165.08 bushels per acre, based on tillable acres
Comparable Yield Index : 138.61 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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