Multi-Use Farm Near Galesburg With Strong ROI And Hunting Opportunity
Media
Summary
Property
- Type
- Farms, Ranches, Recreational Land, Hunting Land
- Road Frontage
- Township Road, County Road
- Road Surface
- Blacktop/Asphalt
- Fencing
- Low Fence, Partial
- Outbuildings
- Metal
Land Details
- Timber
- Tillable
- Open
Approximate Distances
| 4 mi | to Wataga |
| 4 mi | to Galesburg |
| 31 mi | to Farmington |
| 35 mi | to Kewanee |
| 49 mi | to Milan |
Utilities
| Electric: | Onsite |
| Propane: | Onsite |
Features/Improvements
- Small Game
- Big Game
- Upland Game
- Predators
- Waterfowl
- Creek/Spring
- Grain Storage
- Seller's Mineral Rights Convey
Description
Not often in this competitive real estate market can you find a property that provides a strong return at asking price, but this may be just the one! Whether you’re looking to start up farming, expand your current operation, or invest in a tangible asset, this property has much to offer!! At nearly 80% tillable this farm provides plenty of land for any operation. Currently 88.55+/- FSA acres are in row crop production with predominant soils of Elco, Rozetta, Radford, Osco, Greenbush and Assumption silt loams, with an annual cash rental rate of $225/acre! On the south end of the farm you’ll find the improvements of 2, like-new grain bins (with dryers) and a large pole barn. The grain bins generate $12,500 annual rent while the machine shed income could provide an additional $4,500 annually! Depending on your needs, this farm would also be perfect for many other uses including hay ground, pasture, or a combination of each would be suitable. The property is fenced with a small creek that runs water through the middle all year. This creek would be a great source of water for livestock and the area wildlife. For the sportsman, roughly 25 acres of brushy draws and creek line make for great wildlife habitat. In fact, this property could easily be enhanced to become a great secluded island of cover for the local deer. CRP options on the rolling hills, along with some secluded food plots and design strategy would be sure to bring in and hold some of the giant bucks that this area is known for. The property has a history of producing big deer as it sits, but it could be fantastic with some thought and sweat equity! If you are looking to build, you are in luck as well! This property has several beautiful and scenic homesites where you could find the perfect spot to place your dream home while watching over the farm! Call the Whitetail Properties Listing Agents Brent Reneau and Clark Cummings today for additional information on this high ROI farm or to schedule your private showing!!
Details
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88.55 FSA acres in row crop production cash rented for $225/acre
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(2) 26,300 bushel bins with dryers and 3 phase electric provide $12,500 annual income
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75X80+/- shed with 14' sides & 12X20 overhead door could provide additional $4,500 annually
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Great investment property-Nearly 4% annual ROI at asking price
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CRP enrollment could increase annual ROI
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Easily converted to pasture for cattle or equine
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Several scenic building sites
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Abundant wildlife-Well known trophy deer area
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Secluded food plot locations
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Year round creek
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Recent survey
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Seller willing to separate 1.65+/- acres with grain bins/shed-Call agent for details
Other
Coordinates
40.9878, -90.2717
Annual Taxes
$6,508
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
Buyer’s agents must be identified on the first contact with Broker/Agents and must accompany the buyer on showings to receive full fee participation. Otherwise, the fee participation will be at the sole discretion of the Broker and Whitetail Properties Real Estate, LLC.
