52 Acres Wabash County Illinois Hunting Land
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| Acreage | Price | State | County |
|---|---|---|---|
| 52 | $234,000 | Illinois | Wabash |
Here is a great opportunity to own a small tract in Southern, IL that has great hunting and also a great return on investment. Fifty-two acres located just outside of West Salem, IL. Forty-one acres of CRP producing $6,111 annual income, plus the seller is conveying one half of the mineral rights in this oil rich area. The seller is also willing to give the buyer a first right of refusal to buy the rest of the farm when he moves. This includes 20 acres of tillable consisting of prime soils. The tillable is currently in production and producing great yields while also serving as a great summer food source for the wildlife. The seller will also give the buyer the first right to lease the hunting rights on the adjoining 178 acres. To sum it up you get great hunting, a great return, an opportunity to lease more ground for hunting, and the opportunity to own even more of this property in the future. I was most impressed with the number of deer I saw when walking the property and I even found an old shed that shows the genetics of the deer in this area. This is a great opportunity that you don’t want to miss. Call Phil Brown to find out more details.
Property Details
52 acres m/l
$234,000 ($4500/acre)
Located 3 hours from Louisville, KY and St. Louis, MO, and 1.5 hours from Mt. Vernon, IL and Evansville, IN.
Property generates $6,111 annually from CRP contracts which is a 2.6% ROI. 33.5 acres signed up through 9/30/2026, and 10.5 acres signed up through 9/30/2018
Excellent hunting!
Seller will convey ½ of all mineral rights to this property which includes the potential for oil wells.
Buyer to receive first right of refusal to purchase the adjoining 26-acre homestead which is part of this 80 acre parcel. The homestead consists of 20 acres prime soils of tillable currently in production, house, and barn.
Buyer has first right of refusal for a 5-year lease for hunting rights on adjoining 178 acres.
Pond
Potential of oil income. Property is surrounded by productive oil wells and the seller has had offers to sell mineral rights in the past.
Contact Phil Brown
Property Features
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