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
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.

 

** Sold **

160 AC Will Twp Farm
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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.

Peotone is located in Will County, Illinois, approximately 40 miles south of Chicago, and has a population of just over 4,100.  With a rich history of agriculture, Peotone has a diverse economy that includes manufacturing, retail, and healthcare. There are several major employers in the area, including CSL Behring, which produces plasma-based therapies, and Amazon, which has a distribution center in the nearby city of Monee.  Peotone has a highly-rated school district, with several schools serving students from pre-kindergarten through high school. The district is known for its excellent teachers and high academic standards.  The area offers plenty of opportunities for outdoor recreation, including several parks and nature preserves. The Kankakee River State Park is located nearby and offers hiking, fishing, and camping. There are also several golf courses in the area, including the Manteno Golf Club and the Green Garden Country Club.  Overall, Peotone is a vibrant community with a strong sense of history, a diverse economy, and plenty of opportunities for recreation and community involvement.

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Will County Map

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Plat Map of 160 AC Will Twp Farm   
Plat Map of 160 AC Will Twp Farm
Plat Map reprinted with permission of Rockford Map Publishers, Inc.

FSA Aerial Map of 160 AC Will Twp Farm   
FSA Aerial Map of 160 AC Will Twp Farm

Soils Map of 160 AC Will Twp Farm   
Soils Map of 160 AC Will Twp Farm

Topo Map of 160 AC Will Twp Farm   
Topo Map of 160 AC Will Twp Farm

Topo Contours Map of 160 AC Will Twp Farm   
Topo Contours Map of 160 AC Will Twp Farm

Topo Hillshade Map of 160 AC Will Twp Farm   
Topo Hillshade Map of 160 AC Will Twp Farm

Wetlands Map of 160 AC Will Twp Farm   
Wetlands Map of 160 AC Will Twp Farm

Listing Details

 

General Information

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
Possible Uses: Agriculture Production with long term development potential.
Zoning: A-1, Agriculture
 

Area & Location

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
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

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.
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
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.
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.
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.
 

Financials

Real Estate Taxes: 2022 Taxes, Paid 2023
110 Acre: $2,863.28
50 Acre: $1,299.26

Total 2022 Taxes: $4,162.54
Investment Amount: $2,200,00.00 or $13,750 per acre
 

Location

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
For more information about property for sale in Peotone, Illinois (Will Township, Will County) contact:

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.