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    Knaff Farm Land Oglesby, IL 61348

    Sponsored
    For Sale
    $416,040

    69 Acres, Illinois Riverfront, $6k/Acre

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents three contiguous parcels totaling 69.34 acres of commercial farmland in Oglesby, Illinois, located along the northern bank of the Illinois River. The land boasts highly productive soil, ideal for agricultural use, although it's important to note that periodic flooding and high water saturation can occur. Approximately eight acres are permanently submerged. Currently, the property is leased on a year-to-year basis to a third-party farmer. The 2023 annual property taxes totaled $1,835.38. Detailed information is readily available, including plats of survey, soil reports, and a drone video showcasing the property's features and condition. The asking price is $416,040, translating to a price per acre of $6,000. The property's Assessed Parcel Numbers (APNs) are 18-24-104-000

    Property Features for 0 Knaff Farm Land

    General Information

    Property type
    Land
    Lot Size
    3,020,450 SF

    HighLights

    • 69.34‑acre commercial farmland in Oglesby, IL, located along the Illinois River.
    • Highly productive soil, suitable for agriculture, with potential for periodic flooding.
    • Currently leased on a year‑to‑year basis.
    • 2023 property taxes: $1,835.38.
    • Asking price: $416,040 ($6,000/acre).
    • APNs: 18‑24‑104‑000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oglesby
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.0752499
    Latitude
    41.2972317

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 69 Acres, Illinois Riverfront, $6k/Acre
    Where is this land located?
    The property is located at Knaff Farm Land Oglesby, IL.
    What is the asking price?
    The asking price for this property is $416,040.
    What are key features of this property?
    This property features: 69.34-acre commercial farmland in Oglesby, IL, located along the Illinois River.; Highly productive soil, suitable for agriculture, with potential for periodic flooding.; Currently leased on a year-to-year basis.
    (312) 573-0770
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    Knaff Farm Land Oglesby, IL 61348
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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
    Knaff Farm Land Oglesby, IL 61348
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