300 Acres in Milford, IL - $1,245,000
+/- 300 acres total, 137 tillable acres in soybean and corn production,
+/- 53.5 CRP acres in 3 fields paying 10,683 / yr. expiring the fall of 2013.
+/- 109 acres wooded with 2 miles of frontage on Sugar Creek.
Projected yearly income as follows:
137 tillable acres $220/acre = $ 30,140 cash rent / yr.
53.5 acres CRP $199/acre = $ 10,683 / yr.
Building Lease $2,500/yr. = $ 2,500 / yr.
Hunting Lease $4,500/yr. = $ 4,500 / yr
$ 47,823 / yr. income potential
• 2,500 sq. ft. home built in 1974, well and septic.
• Morton Pole Barn 60’ X 75’ X 16’, concrete floor, electricity, and LP
radiant heater on east end of building.
* 32’ X 48’ barn with lean to.
• Over 2 miles of wooded frontage on sugar creek.
• Excel...
• Excellent whitetail deer, turkey and small game hunting.
• Mature timber. (oak, walnut, hickory, maple, and cotton wood)
A very diverse farm with great cash return and hunting.
Old growth Oak Timber surrounds the home place with over 2 miles of wooded frontage on Sugar creek, 137 acres of tillable ground producing soybeans and corn, 53.5 acres of CRP ground offering excellent year to year income. This farm is surrounded by large tracts of agriculture and timber, bordered by Sugar creek on the entire west boundary. This is some of the best combined income and whitetail deer, turkey, and small game hunting the Midwest has to offer.
Total Area: +/- 300
Crop Land Area: 180.51
Asking Price: $1,245,000
Price per Acre: $4,150
Taxes: $4,787.00
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Located 1.5 hrs south of Chicago, IL area, 1 hr south of Kankakee, IL. 2 miles north and 1 mile west of Milford IL.
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