59 acres of combination farmland, CRP, & hunting property with a 4% return on investment!!!
Legal: Part of Section 7, T1N R8E of the 3rd P.M., Wayne County, Illinois (PIN: 06-07-008-001-00; 06-07-008-003; 06-07-008-004)
Directions: Property is located approx. 7 miles NE of Cisne, IL or 10 miles S of Clay City, IL (Approx. 50 miles S. of Effingham, IL or 40 miles NE of Mt. Vernon, IL)
Lot Size: 59 acres
Price: $221,250 ($3750/ac)
Tillable Acres: 42 acres currently in row crop production.
10.65 acres in CRP paying $1,672/yr. (Contract expires 9/30/2029)
Total yearly income on this farm is currently $8,812 = 4% return on investment
Mineral Rights: Sellers retain no mineral rights; however, subject to any prior reservations.
Possession: At closing subject to present tenancy agreement.
Soil Types Tillable Acreage: Plumfield, Ava, Hickory-Passport, Bonnie, Bluford
Crop Productivity Index: 87.2 (Farmland only)
Real Estate Taxes: $381.44 – 2018 real estate taxes
Improvements: This is an outstanding multi-use property with lots to offer. It is situated at the end of a dead-end road with very little traffic. At the asking price the property is generating a 4% return on investment. It is bordered by the Elm River on its west side which provides for some outstanding deer and turkey hunting opportunities. All utilities are available and this would be an outstanding country building site.