1St St DeKalb, IL 60115
- Land
- 159.16 lot acres
Current Use by Public Records
- Land
Property Details for 0 1St St
- Lot size
- 159.16 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 159.155-acre agricultural property in DeKalb County, Illinois, presents a unique investment opportunity. Located conveniently near DeKalb, Sycamore, Rochelle, and Elburn, the farm boasts approximately 153.74 tillable acres (151.69 currently leased) with major soil types including Flanagan silt loam, Elpaso silty clay loam, Danabrook silt loam, and Parr silt loam. The gently rolling topography is ideal for farming, and the property benefits from approximately 7/16 mile of road frontage on N 1st St, with easy access to Illinois Routes 23, 38, and 64, and Interstate 88. The property includes two pole buildings and a grain bin, sold as-is. All mineral rights transfer to the new owner. A recent survey is available upon request. The property is zoned A-1 (Agricultural District) and has a 2023 tax assessment of $8,293.88. The asking price is $3,063,734 ($19,250 per acre). A 10% earnest money deposit is required with any offer. Mortgage financing options are available. The legal description indicates the farm is located in Part of Section 11, Township 40 North Range 4 East (DeKalb Township), DeKalb County, Illinois, with tax parcel numbers: #08-11-100-038, #08-11-100-037, #08-11-451-027, #08-11-375-013, #08-11-375-014, and #08-11-301-007. Numerous grain markets are within a 15-mile radius. Possession is granted at closing, subject to purchase contract terms. This high-quality farmland offers significant potential for future development.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- DeKalb
- County
- DeKalb
- State
- Illinois
- Longitude
- -88.7429
- Latitude
- 41.9559
