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Sold for $1,399,200 on 08/16/24
  • $1,399,200

    0 Whitney Rd, Franklin Grove, IL 61031

    --beds
    --baths
    132Acres
    Unimproved Land
    Built in ----
    132 Acres Lot
    $-- Zestimate®
    $--/sqft
    $1,072 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,072/mo

    Zestimate® history
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    $8,154/mo

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    What's special

    Illinois Farm and Rec Land is excited to offer this CLASS A tillable farm (133 Productivity Index (PI)) located in Lee County, IL. This tract consists of 132.66 taxable acres with 120.92 crop acres and the balance in waterway and creek. The farm offers exceptional 2 sided hard road access from both the South and West. The primary soil types throughout the farm are Oscar Silt Loam, Catlin Silt Loam and Comfrey Silt Loam. There is a transferrable solar lease that is proposed to consist of 30 acres on the South side of the farm along McGirr Road. This lease agreement will be transferred to the new owner at the time of closing. There is great future revenue upside if the solar project is completed with payments starting at $900/acre with annual escalators attached. Preliminary County approval has been met for the project to be executed. Open Tenancy for the 2025 crop season.

    Zillow last checked: 8 hours ago

    Listing updated: August 21, 2024 at 01:01pm

    Listed by:

    Brad J Belser Pref:309-231-1449,

    Jim Maloof Realty, Inc.

    Bought with:

    Brad J Belser, 475164898

    Jim Maloof Realty, Inc.

    Source: RMLS Alliance,MLS#: PA1250062MLS LogoOriginating MLS: Peoria Area Association of Realtors

    Facts & features

    Property

    Lot
    • Size: 132 Acres
    • Dimensions: 132
    • Features: Level, Agricultural
    Details
    • Parcel number: 060912400003
    • Zoning description: Agricultural

    Utilities & green energy

    • Sewer: None
    • Water: No Water
    • Utilities for property: None

    Community & neighborhood

    Location
    • Region: Franklin Grove
    • Subdivision: None

    Price history

    DateEventPrice
    8/16/2024Sold$1,399,200-7.9%
    Source: RMLS Alliance #PA1250062
    7/17/2024Pending sale$1,520,000
    Source: RMLS Alliance #PA1250062
    6/6/2024Price change$1,520,000-3.2%
    Source: RMLS Alliance #PA1250062
    5/7/2024Listed for sale$1,570,000
    Source: RMLS Alliance #PA1250062

    Public tax history

    Tax history is unavailable.

    Neighborhood: 61031

    Nearby schools

    GreatSchools rating