0 Whitney Road Franklin Grove, IL 61031
Listing Courtesy of: RMLS ALLIANCE / Jimmaloof/Realtor® / Brad Belser - Contact:  Pref: 309-231-1449

  0 Whitney Road Franklin Grove, IL 61031

Active (12 Days)
$1,570,000

Description

Illinois Farm and Rec Land is excited to offer this CLASS A tillable farm (133 Productivity Index (PI)) located in Lee County, IL. This tract consists of 132.66 taxable acres with 120.92 crop acres and the balance in waterway and creek. The farm offers exceptional 2 sided hard road access from both the South and West. The primary soil types throughout the farm are Oscar Silt Loam, Catlin Silt Loam and Comfrey Silt Loam. There is a transferrable solar lease that is proposed to consist of 30 acres on the South side of the farm along McGirr Road. This lease agreement will be transferred to the new owner at the time of closing. There is great future revenue upside if the solar project is completed with payments starting at $900/acre with annual escalators attached. Preliminary County approval has been met for the project to be executed. Open Tenancy for the 2025 crop season.

MLS #:
PA1250062
Taxes
$5,016(2022)
Lot Size
132 acres
Type
Land
County
Lee County
Community
21

Listed By

Brad Belser, Jimmaloof/Realtor®, Contact: Pref: 309-231-1449
Source
RMLS ALLIANCE
Last checked May 20 2024 at 12:43 AM GMT+0000
Bathroom Details
Subdivision
  • None
Lot Information
  • Level
  • Agricultural
Utility Information
  • Utilities: None
School Information
  • High School: Ashland-Chandler District #262
Additional Listing Info
  • Buyer Brokerage Commission: 2
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Copyright 2024 RMLS Alliance. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/19/24 17:43