The I-90 Belvidere Property

Location: The subject property is located approximately 53 miles northwest of Chicago O’Hare International Airport. Nearby towns include: Belvidere (3/8 mile north and 1 mile east), Cherry Valley (1 mile west), and Rockford (2 3/4 miles northwest). Frontage: There is approximately 472 feet of road frontage on Ipsen Road, 725 feet on Irene Road, and 3/8 mile on Interstate 90. Major Highways: Interstate 90 is the south border of the property, U.S. Route 20 is approximately 115 feet north of the property, and Interstate 39 is 2 3/4 miles west. Legal Description: A brief legal description indicates The I-90 Belvidere Property is located in Part of the North Half of Section 5, Township 43 North – Range 3 East (Flora Township), Boone County, Illinois. Total Acres: There are a total of 92.797 acres, according to a recent survey. Tillable Acres: There are approximately 90.5 tillable acres, more or less, estimated. Soil Types: Dakota loam is the major soil type found on this farm. Topography: The topography of the subject farm is level. Location Climate Growing Season: Boone County has a continental climate typical of north-central Illinois. The average length of the growing season is nearly 160 days. On average we expect about 2,750 growing degree days from April 15 through September 30. Annual precipitation averages about 35" with over 2/3 of this coming during the growing season. Snowfall averages about 36" per year. Prevailing winds are from the west and southwest. The climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn, wheat and soybeans. Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner. Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract. Price Terms: The asking price is $49,000 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase. Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request. Taxes: The 2021 real estate taxes totaled $2,238.72. The tax parcel numbers are #07-05-100-022, #07-05-201-011 & #07-05-227-009. Grain Markets: There are a number of grain markets located within 15 miles of the I-90 Belvidere Property. Zoning: The I-90 Belvidere Property is zoned B-2 General Business District, R-1 Single Family Residential District, and A-1 Ag. Preservation. Comments: Excellent investment opportunity. Productive soils, high percentage tillable property with superior I-90 location. Well located between Rockford, Cherry Valley, and Belvidere with significant future upside. Contiguous to the Irene Road/I-90 Interchange.