W. Spicerville Hwy , Olivet, MI 49076(Eaton County)

Really Nice 20 Acre Property in Olivet, MI

This is a really nice property. 20.07 Acres, 12 acres of tillable farm land, 7 acres of woods. The land is currently planted with soy beans which are reserved by the tenant farmer. The lease is a verbal agreement and runs through the harvest of this crop. The tenant farm would like to continue to lease the property if the new owner wants. The current lease rate is $60 per acre, the total rents for this year are $720. The property has been perk tested twice in the past. The property is suitable for construction with a low pressure mound system. The most beautiful building site is on the west side of the property directly in front of the woods on top of the hill. All the land divisions will transfer with the sale of the property, there is a definite possibility of dividing the property into two 10 acre parcels in the future.