142 Acres Mercer County, Illinois

SOLD_$6,400 Per Acre

Property Overview

  • 133.5 tillable acres w/ 120 PI
  • Titus & Beaucoup soil types
  • 20 acres pattern tile installed in 2018
  • Good overall drainage
  • Road frontage & access on two sides
  • $38,047 lease income for 2020
  • Over 4% ROI
  • Great investment opportunity
  • Nearby grain markets in New Boston or Aledo, IL
Income$38,047 lease$38,047 lease    
Chase Burns
Chase Burns
Illinois Land Broker
Chase Burns
  • Cell: 309-368-0370
  • Office: 217-899-1240
  • Fax: 309-213-1642
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Property Description

SOLD – This is a level, good quality tillable farm with 133.5 acres currently in production. Soil types are predominantly Titus silty clay loam, with Beaucoup, Ambraw and Sawmill making up minor portions, and the overall average PI is 120. The current owner improved drainage in the southwestern field by installing 20 acres of pattern tile, in 2018. The two interior drainage ditches, and one adjacent drainage ditch, are all well maintained. Road frontage and access is present on the south and east sides. This farm is cash rented for the 2020 crop year at a rate of $285 per acre, providing a projected ROI in excess of 4.1% at full asking price! This is a solid investment opportunity, and a good tillable farm that any local producer would be blessed to have in their operation. Located 6.5 miles north and 2 miles west of the intersection of Highway 17 and the New Boston blacktop; 14 miles from Muscatine, IA; 17 miles from Illinois City, IL; and, 21 miles from Aledo, IL.

1417 30th St New Boston, IL 61272

Property Map