160 AC Will Twp Farm
| Status: | Sold |
| County: | Will |
| Township: | Will |
| Address: | S. Ridgeland Avenue Peotone IL 60468 |
| Gross Land Area: | 160.00 |
| Hectare Conversion | |
| Property Type: | Vacant Farmland |
| Possible Uses: | Agriculture |
| Total Investment: | $2,200,000.00 |
| Monetary Conversion | |
| Unit Price: | $13,750.00 per Acre |
| Sold Price: | $1,980,000.00 |
| Productivity Index (PI): | 124.4 |
| Value Per PI Point: | 99.48 |
| Buildings: | None |
| Zoning: | Agriculture |
For more information contact:
Mark Goodwin
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.
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Property Overview
160 acres of vacant farmland for sale in Will County, IL. This property is a combination of two connecting parcels located just outside the city limits east of Peotone, IL. With an average Soil PI of 124.4, approximately 158.71 tillable acres, a large amount of road frontage/access, and close proximity to both a state highway and interstate, it is a prime location for continued agricultural use or possible redevelopment.+ View Brochure
+ View Property Disclaimer and Disclosure.
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Property Video
Property Map
Listing Details
General Information |
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| Listing Name: | 160 AC Will Twp Farm | |
| Tax ID Number/APN: | 110 Acre: 20-21-20-300-001-0000 50 Acre: 20-21-20-300-002-0000 |
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| Possible Uses: | Agriculture Production with long term development potential. | |
| Zoning: | A-1, Agriculture | |
Area & Location |
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| School District: | Peotone CUSD 270U | |
| Location Description: | This property is located 1.5 miles directly east of Peotone, IL on the east side of S Ridgeland Avenue, between E Corning Avenue and W Corning Road. | |
| Site Description: | This property is a combination of two connected parcels: 110 acres and 50 acres. It is currently zoned for agriculture, used as vacant farmland with no buildings, and has road frontage on two sides (west and south). No pipeline easements. | |
| Side of Street: | Property sits on northeast corner of S Ridgeland Avenue & W Corning Road. | |
| Highway Access: | The property is located 1.5 miles from IL Route 50 and 3.5 miles from I-57. | |
| Road Type: | Asphalt/Blacktop | |
| Legal Description: | 110 Acre: THE SW1/4 (EX THE E 50 ACRES) OF SEC. 20, T33N-R13E 50 Acre: THE E 50 ACRES OF THE SW1/4 OF SEC. 20, T33N-T13E |
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| Property Visibility: | Property is visible from S Ridgeland Avenue and W Corning Road. | |
| Largest Nearby Street: | S Ridgeland Avenue | |
| Transportation: | This property is approximately 11 miles from the University Park Metra station and 18 miles from the Manhattan Metra Station. Chicago Midway Airport is located about 37 miles away and 58 miles to O'Hare International Airport. | |
Land Related |
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| Lot Frontage (Feet): | This property has 2,625 feet of frontage to S Ridgeland Avenue, 2,610 feet of frontage with W Corning Road. | |
| Yield History: | 2022 Corn 200 Bushels per acre. 2022 Soybeans 67.2 Bushels per acre. 2021 Corn 174 Bushels per acre. 2021 Soybeans 58.9 Bushels per acre. |
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| Tillable Acres: | Approximately 158.71 tillable acres | |
| Lot Depth: | The combination of the two parcels measure as follows: North to South: Approximately 2,621 feet East to West: Approximately 2,602 feet |
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| Buildings: | No Buildings | |
| Zoning Description: | Currently Zoned A-1, Agriculture | |
| Flood Plain or Wetlands: | Please see included Wetlands Map provided by Surety Maps. | |
| Topography: | This property is mostly flat with elevation deviation of only about 6 feet. Please see included topographical maps provided by Surety Maps. |
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| FSA Data: | Cropland according to the Will County FSA Office is 158.71 acres. Corn base is 63.2 acres with a PLC Yield of 119 bushels Soybean base is 45.1 acres with a PLC Yield of 24 bushels. Part of the farm has been in Sod production in past years. |
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| Soil Type: | This property's soil is mostly composed of: 45.5% Elliot silt loam (146B) 38.4% Ashkum silty clay loam (232A) Please see included Soils Map provided by Surety Maps for complete report. |
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Financials |
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| Real Estate Taxes: | 2022 Taxes, Paid 2023 110 Acre: $2,863.28 50 Acre: $1,299.26 Total 2022 Taxes: $4,162.54 |
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| Investment Amount: | $2,200,00.00 or $13,750 per acre | |
Location |
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| Address: | S. Ridgeland Avenue, Peotone, IL 60468 | |
| County: | Will County | |
| MSA: | 16974 Chicago-Naperville-Arlington Heights Metro Division | |
MARK GOODWIN PROFESSIONAL BIOGRAPHY
It is difficult to find a real estate professional that specializes in Illinois Land Brokerage. Our services area includes Kendall County, Grundy County, Kane County, LaSalle County, Kankakee County, Livingston County, Ford County,Bureau, Henry County, Kane County, Dekalb County, Lake County, Iroquois County, Vermilion County, Kankakee County, and Cook County. Illinois Land Brokerage is a very specialized segment of the real estate brokerage industry. Knowledgeable Land Brokers are difficult to find. Many agents can sell a farm, but how many have the experience and qualifications of Goodwin and Associates?
Mark Goodwin is a Illinois Land Broker who can advise you about your land asset. It takes an experienced Illinois Land Broker to understand how best to market your land asset or find the property that best fits the investors needs or desires. Goodwin and Associates is the Land Broker for you in Illinois. We can help you with the marketing of your farm, residential development land, industrial land and commercial land or help with the selection of farmland, commercial land, retail land, industrial land, residential development land, residential lots, industrial lots and commercial lots. We are here to help you reach your goals.
Mark Goodwin - Illinois Land Broker
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.