157.85 acres sold 12/17/2018 for $500,000 ($3168/ac)
209.12 acres of farmland with a small percentage of wooded acreage located near the northeast city limits of Mt. Vernon, IL
Legal: 209.12 surveyed acres located in Sections 15 and 22, T2S R3E of the 3rd P.M., Jefferson County, IL. (Survey available upon request)
Directions: At the intersection of Highway 15 and Fairfield Road (Approx. 6.5 mile east of Mt. Vernon) go west on Fairfield Road 5.5 mile to McCauley Ln. turn north and go 1/2 mile. The property is on the east side of the road.
Lot Size: 209.12 Acres (Surveyed)
Price: $752,832 ($3600/ac)
Tillable Acres: 170.84 acres (82%) tillable current in row crop production
Mineral Rights: Sellers retain none; however, subject to any prior reservations.
Possession: At closing subject to present tenancy agreement.
Rent Agreement: Owner receives 1/3 of the crop. Open tenancy for the 2019 farming season
Soil Types Tillable Acreage: Bluford, Belknap, Ava, Plumfield, Grantsburg, Zanesville, Sharon, Blair, Kell
Crop Productivity Index: 97.5
Real Estate Taxes: $1,120.02 (2017 taxes paid in 2018)
This property may also be split. The north 51.27 acres is being offered at $174,318 ($3400/ac) and the south 157.85 acres is being offered at $584,045 ($3700/ac)
This is an outstanding investment property with a solid potential 3% return. This farm also has an ideal location at the edge of town with an excellent future potential for development. The property has adequate road frontage along its western and northern borders. There are numerous building sites on this tract of land and exceptional hunting as well. If you are looking for a large tract of contiguous land with a good return then this farm is will certainly meet your needs.
