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    Il-75 Durand, IL 61024

    Sponsored
    For Sale
    $3,313,951

    293 Acres, Level Topography, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 293.27-acre farm presents a unique investment opportunity in Winnebago County, Illinois. Strategically located near Durand, Rockton, and Rockford, it boasts approximately 7/16 of a mile of frontage on Illinois Route 75, providing convenient access to major highways including Illinois Routes 70 and 2. The property, legally described as parts of Sections 15, 16, 21, & 22, Township 28 North Range 11 East (Harrison Township), comprises approximately 278.87 tillable acres, with 20.43 acres enrolled in the CRP program generating an annual payment of $5,064.00 through September 30, 2031. The soil consists primarily of Comfrey loam, Kendall silt loam, and Beardstown loam, all situated on level topography. All mineral rights transfer to the new owner. The property is zoned Agricultural Priority (AG). While a north-south lane bisecting the property is under separate ownership, easements ensure convenient access for the farm owner and a neighboring property. The asking price is $3,313,951 ($11,300 per acre). 2023 real estate taxes totaled $9,584.96. The tax parcel numbers are #06-15-300-004, #06-16-400-002, #06-16-400-003, #06-21-200-009, & #06-22-100-001. Numerous grain markets are within a 15-mile radius. Possession is granted at closing, subject to purchase contract terms. Mortgage financing is readily available. A 10% earnest money deposit is required with any offer.

    Property Features for 0 Il-75

    General Information

    Property type
    Farms
    Lot Size
    12,774,841 SF

    HighLights

    • 293.27‑acre farm in Winnebago County, IL, near Durand, Rockton, and Rockford.
    • ~7/16 mile of frontage on IL Route 75, with easy access to IL Routes 70 & 2.
    • 278.87 tillable acres; 20.43 acres in CRP, generating $5,064 annually through 9/30/2031.
    • Primarily Comfrey, Kendall, and Beardstown loam soils on level topography; all mineral rights included.
    • Agricultural Priority (AG) zoning; $3,313,951 asking price ($11,300/acre); 2023 taxes: $9,584.96.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Durand
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.224916828677
    Latitude
    42.415514335012

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    FAQs

    What type of property is this?
    Farm - 293 Acres, Level Topography, Excellent Location
    Where is this farm located?
    The property is located at Il-75 Durand, IL.
    What is the asking price?
    The asking price for this property is $3,313,951.
    What are key features of this property?
    This property features: 293.27-acre farm in Winnebago County, IL, near Durand, Rockton, and Rockford.; ~7/16 mile of frontage on IL Route 75, with easy access to IL Routes 70 & 2.; 278.87 tillable acres; 20.43 acres in CRP, generating $5,064 annually through 9/30/2031.
    Request Owner's contact information
    Il-75 Durand, IL 61024
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    Durand, IL 61024
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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
    Il-75 Durand, IL 61024
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