2844 Perry Rd - The Staton Farm & Airport 120 Acres of Agricultural Land Offered at $2,094,000 in Steward, IL 60553

Location: The subject farm is located approximately 60 miles southwest of Chicago O'Hare International Airport. Nearby cities include: Rochelle (2 miles north), Steward (3 miles east), and Amboy (14 1/8 miles southwest). The property address is 2844 Perry Road, Steward, IL 60553. Frontage: There is approximately 1/4 mile of road frontage on Perry Road. Major Highways: Illinois Route 251 is 1/2 mile east, Interstate 88 is 2 1/4 miles north, Interstate 39 is 3 3/4 miles east, and U.S. Route 30 is 6 miles south of the property. Legal Description: A brief legal description indicates The Staton Farm & Airport is located in Part of the West Half of Section 14, Township 39 North, Range 1 East (Reynolds Township), Lee County, Illinois. Total Acres: There are a total of 120 acres, more or less, according to the Lee County Assessor. Tillable Acres: There are approximately 105.65 cropland acres according to the Lee County FSA that are currently in tillable production. The airstrip and grassed area is comprised of approximately 9 additional acres. Soil Types: Major soil types found on this farm include Harpster silty clay loam and Drummer silty clay loam. The weighted average Productivity Index (PI) is 135.3. Topography: The topography of the subject farm is level. Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner. Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract. Price Terms: The asking price is $17,450 per acre. A 10% earnest money deposit should accompany any offer to purchase. Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request. Taxes: The 2025 real estate taxes totaled $9,461.76. The tax parcel numbers are #17-05-14-100-004 & #17-05-14-300-002. Grain Markets: There are a number of grain markets located within 15 miles of The Staton Farm & Airport. Zoning: The property is zoned AG-1 SPU, Rural/Agricultural District, Special Use Permit. Improvements: The Staton Farm & Airport is improved with a brick ranch home, outbuildings, a certified airstrip (4LL1-Staton Airport), and field tile. Additional airstrip information and field tile maps are available in the Appendix. The 3-bedroom home features a 2-car attached garage, an eat-in kitchen, dining room, living room with brick fireplace, laundry area, 2 1/2 bathrooms, 3-season room, and Generac generator. Adjacent to the airstrip is a machine shed/airplane hangar, heated shop, and a heated pilot shanty with a full bathroom and kitchen sink. This well-maintained property has had several improvements in recent years, including replacement of the following: roof (home and pilot shanty), siding (pilot shanty), windows and doors (Pella), well pump, and culvert.