Contact us: 563.441.1776
Description
70± acre investment-grade farm in Lee County, Illinois near Amboy. This tract is 100% tillable with an average PI of 105.7, offering strong income potential and efficient farmability. The property is leased through 2028 at $300 per acre, providing immediate and stable annual cash flow with a strong 3.55% return at the asking price. An additional value-add opportunity exists as the adjoining landowner owns a pivot irrigation system that currently encompasses this farm. Potential water units may be available for purchase, creating future upside through irrigation access and enhanced productivity. Excellent opportunity for investors, 1031 exchange buyers, or operators seeking quality Northern Illinois farmland with stable income and long-term appreciation potential. Two-sided road access with several grain storage facilities within close proximity. See this Property Today!
Property Highlights
Property Type: Land - Farm
Total Acres: 70.00 Acres
Utilities: None
Zoning: Agricultural
General Information
County: Lee
High School: Amboy
Subdivision: None
Listed By:
Jim Maloof Realty, Inc.
Mobile: 309-231-1449
RMLSA
MLS ID: PA1266907
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0 Amboy Road, Amboy, IL 61310.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $612,500 | $612,500 | $612,500 |
| Down Payment | $122,500 | $21,438 | $153,125 |
| Monthly Mortgage Amount | $2,977 | $3,703 | $3,784 |
| Taxes | $852 | $852 | $852 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $269 | $0 |
| Monthly Estimated Total | $4,008 | $5,003 | $4,815 |
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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