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    OFF-MARKET
    Land

    6200 1600Th Ave, Newton, IL 62448

    40 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 40-acre property in Jasper County, Illinois, presents a unique blend of investment and recreational opportunities. Located at 6200 E 1600th Ave, Newton, IL 62448 (APN 90-07-03-100-006), this land boasts 20.57 acres of tillable farmland and 19.43 acres of timber, offering diverse income streams. A current tenant farmer is already in place, generating consistent revenue. The property's legal description is E 2/3 S 3/4 E 1/2 NW 1/4 S3 T7 R9. Its strategic location, approximately 8 miles northwest of Newton, provides convenient access to local amenities, including a nearby bar and grill. The property's abundant wildlife, including whitetail deer, wild turkey, and small game, makes it an ideal hunting destination. The proximity to a river adds further recreational appeal, offering opportunities for fishing and camping. This versatile property is perfect for those seeking a profitable investment with significant recreational potential, combining the serenity of nature with the benefits of income-producing land. The asking price is $560,000.

    Property profile
    Verified
    Property type Land
    Lot 40 ac (1,742,400 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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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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