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    OFF-MARKET
    Land

    36 Bonus Township, Garden Prairie, IL 61038

    125.4 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 125.4-acre property, located in desirable Boone County, Illinois, presents a unique investment opportunity. Situated in Sections 1 of Spring Township and 36 of Bonus Township, near Garden Prairie (zip code 61038), this expansive land parcel offers significant potential. The property boasts approximately 108 tillable acres, ideal for agricultural pursuits, with a surety indicating a total acreage of 125.4 acres. The 2022 real estate taxes totaled $4,062.66, and the land is currently priced at $10,300 per acre, resulting in an asking price of $1,695,689. The property is classified as both commercial and farmland, providing flexibility for various uses. Taxable acreage is listed at 164.63 acres, a discrepancy to be clarified with further due diligence. The current tenancy is open for 2025, offering potential for immediate income generation or long-term development. The seller is open to dividing the property

    Property profile
    Verified
    Property type Land
    Lot 125.4 ac (5,462,424 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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