0 Knaff Farm Land, Oglesby, IL 61348
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.