Current Use by Public Records
- Land
Property Details for 0 Farm
- Lot size
- 151.42 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 151.42-acre agricultural property in Lee County, Illinois, presents a compelling investment opportunity. Located in Alto Township, at the northwest corner of Hayes and Locust Roads, this land boasts high-quality soils recently enhanced with drainage improvements. The property, legally described as The-NE1/4 of Section-3, except 5 acres, all in T39N-R2E, Alto Township, Lee County, Illinois, is conveniently situated just one mile east of I-39, offering easy access to transportation networks. The asking price is $1,892,750, translating to a land value of $12,500 per acre. Currently leased for the 2024 crop year, with a lease term of one year expiring on February 27, 2025, this farmland offers a strong potential for consistent returns. The permitted zoning is Agricultural, and the property's APN is 01-06-03-200-005
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hillcrest
- County
- Lee
- State
- Illinois
- Longitude
- -89.0562
- Latitude
- 41.9555
