Property summary
Exceptional investment opportunity: 122.16 acres of prime farmland in Bloomington Township, McLean County, Illinois. This property, located at 3311 Ireland Grove Road, Bloomington, IL 61704 (APN: 21-13-200-009, 21-13-200-013), is zoned Agricultural, resulting in low property tax assessments. The land boasts highly productive soils, ideal for agricultural use. Currently under a one-year agricultural lease expiring February 27, 2025, this lease is transferable to the new owner. Adding to the property's value is a cellular tower lease located on the southeast corner; this lease is included with the sale of the land but is not sold separately. The asking price is $4,550,460 ($37,250 per acre). All mineral rights owned by the seller will be conveyed. This property is designated as an emerging neighborhood area in the City of Bloomington's 2015-2035 Comprehensive Plan, presenting significant long-term growth potential. Fee simple ownership.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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