0 Whitney Road
Franklin Grove,
IL
61031
Property Details
List Price: |
$1,570,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Jim Maloof Realtor |
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Description/Comments
Lot Size: |
132 acre(s) |
Property Type: |
Lots And Land |
Year Built: |
-- |
Notes: |
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. |
MlsNumber: |
PA1250062 |
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Listing Provided By: |
Jim Maloof Realtor, original listing |
Name: |
Jim Maloof Realtor |
Phone: |
(309) 692-3900 |
Office Name: |
Jim Maloof Realty, Inc. |
Office Phone: |
(309) 692-3900 |
Agent Name: |
Brad Belser |
Disclaimer: |
Copyright © 2024 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |