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Key Details
Sold Price $1,560,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11934895
Sold Date 02/15/24
Annual Tax Amount $3,755
Tax Year 2022
Lot Size 120.000 Acres
Lot Dimensions 1320FT X 3930FT X 1320FT X 3930FT
Property Description
Here's a great opportunity to diversify your investments with tillable farmland in Will County. This productive farm is located about four miles southeast of Wilmington and 10 miles from the Rt. 113 exit off I-55. The property consists of three adjoining parcels, a 60-acre tract, and two 30-acre tracts for an approximate total of 120 acres. These tracts already benefit from field tiling. The farm has approximately 1320 feet of road frontage along Ballou Road which is fully paved, allowing for convenient access. Zoned for agricultural use, crops have historically rotated between corn and soybeans. The collective topography is relatively level with a very slight rise nearing Ballou Road. Soils consist primarily of Ashkum Silty Clay Loam and Elliot Silt Loam with an average PI of 126.67. Farm tenancy for 2024 will remain with the current owner, however a respectful cash rent agreement can be negotiated. Looking for a place to build your dream home with beautiful views of the Illinois countryside? This property offers several potential build sites, and with proper county approval, may be next in line for residential development as is the case along its western border. This is a rare offering in a highly desired location of the county so don't miss this opportunity!
Location
State IL
County Will
Area Wilmington
Interior
Fireplace N
Exterior
Utilities Available Electric Nearby
Waterfront false
Schools
School District 209U , 209U, 209U
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Randi Quigley • eXp Realty, LLC