Property Details
location
The subject farm is located approximately 63 miles west of Chicago O'Hare International Airport. Nearby cities include: Rochelle (1 1/2 miles northeast), Amboy (13 1/8 miles southwest), and DeKalb (18 1/2 miles east).
frontage
There is approximately 1/4 mile of road frontage on Thorpe Road.
major highways
Interstate 88 is 1/4 mile north, Illinois Route 38 is 2 1/2 miles north, Illinois Route 251 is 3 miles east, Interstate 39/ U.S. Route 51 is 6 1/4 miles east, and U.S. Route 30 is 7 3/4 miles south of the property.
legal description
A brief legal description indicates The Ranken Farm is located in The North Half of the Northeast Quarter of Section 8, Township 39 North - Range 1 East (Reynolds Township), Lee County, Illinois.
total acres
There are a total of 80 acres, more or less, according to the Lee County Assessor.
tillable acres
There are approximately 78.69 cropland acres according to the Lee County Assessor, of which 7.72 acres are currently enrolled in CRP with an annual contract payment of $2,835 through September 30, 2026.
soil types
Drummer silty clay loam is the primary soil type on this farm.
topography
The topography of the subject farm is level.
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 $13,900 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 2024 real estate taxes totaled $3,806.88. The tax parcel number is #17-05-08-200-001.
grain markets
There are a number of grain markets located within 15 miles of The Ranken Farm.
zoning
The property is zoned AG-1, Rural/Agricultural District.