Property Details
location
The subject farm is located approximately 58 miles northwest of Chicago O'Hare International Airport and is contiguous to the City of Rockford. Nearby cities include: Loves Park (1/2 mile north), Cherry Valley (2 1/4 miles south), and Belvidere (2 3/4 miles southeast).
frontage
There is approximately 1/2 mile of road frontage on I-39/I-90/US 51, 7/16 mile on Spring Creek Road, 3/8 mile on Spring Brook Road, and 3/8 mile on N Lyford Road.
major highways
I-39/I-90/US 51 is the west border, U.S. Route 20 Business is 2 1/4 miles south, Illinois Route 173 is 4 miles north, and Illinois Route 76 is 5 1/8 miles east of the property.
legal description
A brief legal description indicates The Spring Farm is located in Part of the Northeast Quarter of Section 11 and Part of the Northwest Quarter of Section 12, Township 44 North – Range 2 East (Rockford Township), Winnebago County, Illinois.
total acres
There are a total of 139.21 acres, more or less, according to the Winnebago County Assessor.
tillable acres
There are approximately 126.72 tillable acres according to the Winnebago County FSA.
soil types
Major soil types found on this farm include Greenbush silt loam and Ogle 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 $19,850 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 2021 real estate taxes totaled $5,327.90. The tax parcel numbers are #12-11-226-001 & #12-12-101-003
grain markets
There are a number of grain markets located within 15 miles of The Spring Farm.
zoning
The property is zoned AG, Agricultural Priority.
comments
Excellent investment opportunity. Future development potential with high visibility and great access to Interstate 90, Interstate 39, and US-20. In close proximity to nearby utilities.