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Wayne Co. – 70 Acres Outstanding Hunting With 3% Return *LARGE PRICE REDUCTION*

$ 250,000
County Road 1700E, ,
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70 Acres Recreational Property With Outstanding Income (3% return at asking price)

Legal: NE 1/4 of the SW 1/4 and the south 30 acres of the SW 1/4 of the NW 1/4 all in Sec. 24, T2N R7E of the 3rd P.M., Wayne County, IL (Keith E. Twp.)

Directions:  Property is located just south of the Wayne and Clay County line and 3 miles east of Highway 45.  Approx. 7 miles southeast of Flora, IL

Size:  70 acres

Price: $250,000 ($3571/ac)

Tillable Acres:

  • 24.70 FSA measured tillable acres currently in CRP paying $125.75/ac with annual  payments of $3,106.  This contract expires 9/30/2030
  • 27.14 FSA measures tillable acres currently in CRP paying $162.53/ac with annual payments of $4,411.  This contract expires 9/30/2029
  • Total annual income on this farm is $7,517

Mineral Rights:  Negotiable

Possession:  At closing

Soil Types: Bonnie, Piopolis, Ava, Creal, Blair

Real Estate Taxes:  $900.63/yr (Estimate)

Improvements:  This is one of the few outstanding hunting tracts on the market that will provide trophy deer and turkey hunting and will also generate enough guaranteed income that will pay a substantial amount of the mortgage payment.  3% return is very difficult to find, and a property that offers outstanding hunting along with that type of income is exactly what this listing offers.

Documents
Address: County Road 1700E
City:
State/County:
Zip: 62824
Country: United States
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Property Id : 21872
Price: $ 250,000
Price Per Acre: $3571/ac

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