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Property profile & analytics
OFF-MARKET
Land

0 Il-64 Clare, IL 60111

533.17 ac lot
Property ID
Property summary
AI-generated overview

The Henke Farm, a premier 533.17-acre agricultural property in DeKalb County, Illinois, presents a unique investment opportunity. Strategically located approximately 44 miles west of Chicago O'Hare International Airport, this expansive tract boasts approximately 522.25 tillable acres, ideal for farming operations. The property enjoys significant road frontage along Illinois Route 64 (approximately 1 1/8 miles), South Mayfield Road (1/4 mile), and Glidden Road (1/16 mile), ensuring convenient access. Its proximity to major highways, including Illinois Routes 38, 23, and 72, further enhances its logistical advantages. The soil composition comprises primarily Drummer silty clay loam, Kaneville silt loam, and Virgil silt loam, known for their agricultural productivity. The land exhibits a level to nearly level topography, simplifying cultivation. All mineral rights owned by the seller are included in the sale. The property is zoned A1-Agricultural District and is comprised of parcels #05-28-300-001, Part of #05-29-400-001, #05-30-200-005 & #05-32-100-002. The asking price is $9,037,232 ($16,950 per acre), with a 10% earnest money deposit required. Mortgage financing is available. 2024 real estate taxes are to be determined following a parcel split of an approximately 21-acre building site. Numerous grain markets are located within a 15-mile radius. Possession will be granted at closing, subject to the purchase contract's terms.

Property profile
Verified
Property type Land
Lot 533.17 ac (23,224,885 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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