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    OFF-MARKET
    Land

    0 Il-75, Durand, IL 61024

    293.27 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 293.27-acre farm presents a unique investment opportunity in Winnebago County, Illinois. Strategically located near Durand, Rockton, and Rockford, it boasts approximately 7/16 of a mile of frontage on Illinois Route 75, providing convenient access to major highways including Illinois Routes 70 and 2. The property, legally described as parts of Sections 15, 16, 21, & 22, Township 28 North Range 11 East (Harrison Township), comprises approximately 278.87 tillable acres, with 20.43 acres enrolled in the CRP program generating an annual payment of $5,064.00 through September 30, 2031. The soil consists primarily of Comfrey loam, Kendall silt loam, and Beardstown loam, all situated on level topography. All mineral rights transfer to the new owner. The property is zoned Agricultural Priority (AG). While a north-south lane bisecting the property is under separate ownership, easements ensure convenient access for the farm owner and a neighboring property. The asking price is $3,313,951 ($11,300 per acre). 2023 real estate taxes totaled $9,584.96. The tax parcel numbers are #06-15-300-004, #06-16-400-002, #06-16-400-003, #06-21-200-009, & #06-22-100-001. Numerous grain markets are within a 15-mile radius. Possession is granted at closing, subject to purchase contract terms. Mortgage financing is readily available. A 10% earnest money deposit is required with any offer.

    Property profile
    Verified
    Property type Land
    Lot 293.27 ac (12,774,841 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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