Property profile

0 Steward Rd Steward, IL 60553

OFF-MARKET
Land
108.97 ac lot
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Property summary

AI-generated overview

This exceptional 108.97-acre agricultural property, located in Lee County, Illinois, presents a unique investment opportunity. Situated in the Ag-1, Rural/Agricultural District, the farm boasts approximately 100.85 tillable acres, ideal for farming operations. The land features level topography and predominantly Dunham silty clay loam and Grundelein silt loam soil types. Conveniently located approximately 58 miles southwest of Chicago O'Hare International Airport, the property offers easy access to major transportation routes. Interstate 39/US Route 51 is just one mile east, US Route 30 is 2.25 miles south, and Illinois Route 251 is 2.5 miles west. The farm also benefits from approximately 7/8 mile of road frontage on Steward Road. Nearby towns include Steward, Lee, and Rochelle. All mineral rights owned by the seller will transfer to the new owner. The asking price is $1,394,816, with a 10% earnest money deposit required. Mortgage financing is available. The property's legal description indicates its location in Part of the West Half of Section 5, Township 38 North Range 2 East (Willow Creek Township), Lee County, Illinois. The 2024 real estate taxes are to be determined due to a 2024 parcel split

Property profile

Verified
Property type Land
Lot 108.97 ac (4,746,733 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Steward Rd Steward, IL 60553
Steward metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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