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    Land

    0 Knaff Farm Land, Oglesby, IL 61348

    69.34 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 69.34 ac (3,020,450 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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