October 2024 is LAND INVESTMENT MONTH! Learn More Here!

Go back

Search Land - INCOME PRODUCING SOLAR FIELD

INCOME PRODUCING SOLAR FIELD

$440,000
1167 Somonauk Rd., Somonauk, IL
Status: Active
Loading...
Property Type
Acreage
Acreage
28.33 acres
County
DeKalb, IL
Format
Sale
Features
N/A
List Date
Oct 17, 2024
Documents
N/A
Description
INCOME PRODUCING SOLAR FIELD; This field is 28.337 acres (subject to final survey). Phase I is up and running; Phase 2 construction is complete and coming on-line soon. Rent started at $800 / per leased acre / per year with 1.5% increases annually. Initial contract is a 20-year lease with 3 renewal options; a 10-year and two 5-year renewals. The solar company has an access easement thru the driveway of the house to the east. A copy of the lease with the Solar Company will be available to serious buyers. The solar company pays all of the real estate taxes. This property is incorporated into the Village of Somonauk.
Listing Agent
View Member Profile
Amy Rogus
Co-Op Member Owner
Century 21 Integra
By submitting, you agree to our privacy policy andterms.
Co-op approved lenders in DeKalb County, IL:
Farm Credit
Want to learn more about our financing options?
Enter your email below to receive free resources and information.
By submitting, you agree to our privacy policy andterms.
RLI
More land for sale from this broker
View all