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    36 Bonus Township Garden Prairie, IL 61038

    Sponsored
    For Sale
    $1,695,689

    125 Acres, $1.7M, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 125.4-acre property, located in desirable Boone County, Illinois, presents a unique investment opportunity. Situated in Sections 1 of Spring Township and 36 of Bonus Township, near Garden Prairie (zip code 61038), this expansive land parcel offers significant potential. The property boasts approximately 108 tillable acres, ideal for agricultural pursuits, with a surety indicating a total acreage of 125.4 acres. The 2022 real estate taxes totaled $4,062.66, and the land is currently priced at $10,300 per acre, resulting in an asking price of $1,695,689. The property is classified as both commercial and farmland, providing flexibility for various uses. Taxable acreage is listed at 164.63 acres, a discrepancy to be clarified with further due diligence. The current tenancy is open for 2025, offering potential for immediate income generation or long-term development. The seller is open to dividing the property

    Property Features for 36 Bonus Township

    General Information

    Property type
    Farms
    Lot Size
    5,462,424 SF

    HighLights

    • South Garden Prairie, IL location.
    • Sections 1 & 36, Spring & Bonus Townships, Boone County, IL.
    • 2022 Real Estate Taxes: $4,062.66.
    • 164.63 taxable acres; ~108 tillable acres.
    • Productivity Index (PI) of 125.4.
    • Open tenancy in 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Garden Prairie
    County
    Boone
    State
    Illinois
    Longitude
    -88.7301525
    Latitude
    42.2883913

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    FAQs

    What type of property is this?
    Farm - 125 Acres, $1.7M, High Potential
    Where is this farm located?
    The property is located at 36 Bonus Township Garden Prairie, IL.
    What is the asking price?
    The asking price for this property is $1,695,689.
    What are key features of this property?
    This property features: South Garden Prairie, IL location.; Sections 1 & 36, Spring & Bonus Townships, Boone County, IL.; 2022 Real Estate Taxes: $4,062.66.
    Request Owner's contact information
    36 Bonus Township Garden Prairie, IL 61038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    36 Bonus Township Garden Prairie, IL 61038
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