Il-75 Durand, IL 61024

Property Details for 0 Il-75

Lot size

293.27 lot acres

Property type

Land

Property subtype

Farms

Description

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.

Location Insight

City

Durand

County

Winnebago

State

Illinois

Longitude

-89.2249

Latitude

42.4155