Income Producing Combination Farm For Sale In North Central IL

Description

If you’ve been looking for a property in the LaSalle/Peru area with great hunting, a nice return on investment, and the potential to build, then this is the property for you! With nearly 570 feet +/- of road frontage to N 2550th Rd, you would have plenty of room to build your forever home. There is electricity near the road. A well and septic would need to be installed. If you like to golf, South Bluff Country Club would be located right across the street from you! The 38.6 acres +/- of tillable averages a 125 PI and is currently being cash rented for $250 per acre or $9,650 total. At asking price, this is a 2.3% return on your investment. The 36.4 acres +/- timbered portion of the property consists of mostly maple and oak trees with a few walnuts. Some of the timber has been harvested recently allowing certain portions to increase ground cover. This is very advantageous in providing excellent cover, bedding, and a safe place for wildlife to hide from predators. Cedar Creek flows throughout the timber providing a year-round water source for wildlife. The combination of the creek and rolling terrain creates several pinch points and funnels to set up on that buck of a lifetime! Access to those locations is very painless with the established trail system running through the timber. These trails also would be great for riding ATVs, horses, or just hiking through the timber and admiring nature. There is a very strong deer and turkey population in the area and on the property. The hunting rights could be leased out to increase the return on your investment. Properties with this much to offer in this area don’t come around often. Contact the listing agents to schedule your private showing!

Property Details

  • Buildable acreage
  • 38.6 acres +/- of tillable acreage with $9,650 return in 2018
  • 36.4 acres +/- of mature and young timber
  • Cedar Creek runs through the property
  • Established trail system throughout the timber  
  • Strong deer and turkey population  
  • 5 minutes from Peru , 25 minutes from Ottawa , 1 hour from Bloomington , 1.5 hrs from Chicago  

240 N. 255th Road, Lot #WP003
Peru, Illinois 61354