The Reedy Farm

Price: $21,500 per acre
County: Kane

Contact Details
Josh Waddell
Mobile: 815-751-0439
Phone: 815-756-3606

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Property Details

The subject farm is located approximately 25 miles northwest of Chicago O’Hare International Airport and is contiguous to the village of Gilberts. Nearby cities include: Carpentersville (1/2 mile east), Algonquin (1 mile north), Elgin (2 1/4 miles southeast), and Huntley (2 1/2 miles west).
There is approximately 1/2 mile of road frontage on Galligan Road.
major highways
Illinois Route 72 is 2 miles south, Interstate 90 is 2 1/8 miles southwest, Illinois Route 47 is 3 miles west, and Illinois Route 31 is 3 1/2 miles east of the property.
legal description
A brief legal description indicates The Reedy Farm is located in Part of the Northwest Quarter of Section 12, Township 42 North – Range 7 East (Rutland Township), Kane County, Illinois.
total acres
There are a total of 79 acres, more or less, according to the Kane County Assessor’s Office.
tillable acres
There are approximately 75.0 tillable acres according to the Kane County FSA.
soil types
Major soil types found on this farm include Octagon silt loam and Mundelein silt loam.
The topography of the subject farm is level to nearly 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 will be given at closing, subject to the terms and conditions set forth in a purchase contract.
price terms
The asking price is $21,500 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
The 2019 real estate taxes totaled $2,774.86. The tax parcel number is #02-12-100-001.
The subject property is currently zoned F - Farming District.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
656C2Octagon silt loam21.601121513,262
442AMundelein silt loam18.491381883,476
663AClare silt loam11.801341822,148
67AHarpster silty clay loam10.191331821,855
656BOctagon silt loam6.551171571,028
103AHoughton muck3.66130175641
318BLorenzo loam1.53104142217
152ADrummer silty clay loam0.84144195164
210ALena muck0.3412617058
Total Acres : 79.00 acres, more or less
Tillable Acres : 75.00 acres, or 94.94% per FSA figures
Productivity Index : 126.30
Weighted Average Corn Yield Index : 171.30 bushels per acre, based on tillable acres
Comparable Yield Index : 162.63 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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