SOLD FOR $358,000 ($8950/AC)
40 acres of highly productive farmland located north of Fairfield, IL
Legal:
40 acres more or less being the SE 1/4 of the SE 1/4 of Sec. 31, T1N R8E of the 3rd
P.M., Wayne County, Illinois (PIN: 08-31-035-012)
Directions: From Fairfield, IL go north on County Highway 1 (Enterprise Blacktop)
(Approx. 6mi. N of Fairfield, IL; Approx. 25 miles NW of Albion ,IL; Approx. 60 miles NW of Evansville, IN; Approx. 90 miles E of St. Louis, MO)
Lot Size: 40 acres
Tillable Acres: 100% tillable in row crop production
Mineral Rights: Sellers retain 1/2 of their mineral rights for 15 years and as long as production exists thereafter.
Possession: Farm is rented for the 2025 farming season possession will be following the removal of the 2025 crop.
Rent Agreement: Farm is currently being rented on a crop share basis. Owner receives 1/3 of the crop and pays 1/3 of the expenses.
Soil Types Tillable Acreage: Bluford, Wynoose
Crop Productivity Index: 98.9
Real Estate Taxes: $738.82 (2023 real estate taxes)
This is a very high-quality tract of 100% tillable farmland. Square 40-acre tracts are very difficult to find, and this one offers 100% being in row crop production and excellent access with road frontage on two sides. This farm is ideal for any existing farmers looking to expand their operation or would also be a great farm for the first time land buyer looking to get started in the farming business. With 100% in tillable row crop production this would also make an excellent farm for investors looking for a solid return.
