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Bingham Road - The Bingham Road Farm 253.33 Acres of Agricultural Land Offered at $3,635,300 in Steward, IL 60553
Property Facts
| Price | $3,635,300 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Agricultural |
| No. Lots | 1 | Total Lot Size | 253.33 AC |
| Zoning | AG1, AG1 SPU - The property is zoned AG1 (Rural/Agricultural District) & AG1 SPU (Rural/Agricultural District Special Use). | ||
| Price | $3,635,300 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Total Lot Size | 253.33 AC |
| Zoning | AG1, AG1 SPU - The property is zoned AG1 (Rural/Agricultural District) & AG1 SPU (Rural/Agricultural District Special Use). |
1 Lot Available
Lot
| Price | $3,635,300 | Lot Size | 253.33 AC |
| Price Per AC | $14,350.06 |
| Price | $3,635,300 |
| Price Per AC | $14,350.06 |
| Lot Size | 253.33 AC |
The farm's GPS coordinates are 41.736185, -89.048727, and can be copied and pasted into a mapping application for directions.
Description
Location: The subject farm is located approximately 60 miles southwest of Chicago O'Hare International Airport. Nearby cities include: Paw Paw (4 1/4 miles southeast), Shabbona (7 1/2 miles northeast), and Rochelle (8 3/8 miles north). Frontage: There is approximately 1/2 mile of road frontage on Bingham Road and 1/2 mile on Fisk Road. Major Highways: Illinois Route 251 is 1 mile west, U.S. Route 30 is 1 1/4 miles north, and Interstate 39/U.S. Route 51 is 2 miles east. Legal Description: A brief legal description indicates The Bingham Road Farm is located in Part of the East Half of Section 25, Township 38 North – Range 1 East (Viola Township) and Part of the West Half of Section 30, Township 38 North – Range 2 East (Willow Creek Township), all in Lee County, Illinois. Total Acres: There are a total of 253.331 acres according to a survey. Tillable Acres: There are 244.5 acres currently leased for row crop production. Soil Types: Major soil types found on this farm include Wyanet silt loam, Elpaso silty clay loam and Saybrook silt loam. The weighted average Productivity Index (PI) is 125.2. Topography: The topography of the subject farm is level to gently rolling. 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 $14,350 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. Grain Markets: There are a number of grain markets located within 15 miles of The Bingham Road Farm. Zoning: The property is zoned AG1 (Rural/Agricultural District) & AG1 SPU (Rural/Agricultural District Special Use). Wind Turbines: The most recent annual lease payment for the two wind turbines on the property was $25,130.54. Details of the wind lease are available upon request. Yield History: The Bingham Road Farm has produced an average of 249 bushels of corn per acre over the last four growing seasons.
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Bingham Road - The Bingham Road Farm
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