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    OFF-MARKET
    Land

    0 County Line Rd, Lee, IL 60530

    20.94 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 20.94-acre agricultural property, known as The Flewellyn Farm, presents a unique investment opportunity in Lee County, Illinois. Conveniently located approximately 55 miles southwest of Chicago O'Hare International Airport, this level to nearly level land boasts approximately 18.7 tillable acres, as per the Lee County FSA. The soil composition primarily consists of Elpaso silty clay loam and Wyanet silt loam, ideal for various agricultural uses. The property offers significant road frontage, with approximately 3/16 of a mile on Herman Road and 1/4 of a mile on County Line Road, ensuring easy access. Its strategic location provides proximity to major transportation arteries, including U.S. Route 30 (2 3/4 miles south), Interstate 39/U.S. Route 51 (3 3/8 miles west), and Interstate 88/Illinois Route 110 (6 1/2 miles north). Nearby towns include Shabbona, Rochelle, and DeKalb, offering convenient access to amenities and services. The property's legal description identifies it as part of the Northeast Quarter of Section 1, Township 38 North Range 2 East (Willow Creek Township), Lee County, Illinois, with tax parcel numbers #21-12-01-200-008 & #21-12-01-200-012. The 2023 real estate taxes amounted to $929.66. All mineral rights owned by the seller are included in the sale. The asking price is $228,246, or approximately $10,900 per acre. A 10% earnest money deposit is required with any offer. Mortgage financing options are available. Possession will be granted at closing, subject to the purchase contract's terms. Numerous grain markets are located within a 15-mile radius.

    Property profile
    Verified
    Property type Land
    Lot 20.94 ac (912,146 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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