North 1st Street, Dekalb, IL 60115 - DeKalb County

Location: The subject farm is located approximately 42 miles west of Chicago O'Hare International Airport and is contiguous to the city of DeKalb. Nearby cities include: Sycamore (1 mile east), Rochelle (14 miles west), and Elburn (14 miles southeast).

Frontage: There is approximately 7/16 mile of road frontage on N 1st Street.

Major Highways: Illinois Route 23 is 1 mile east, Illinois Route 38 is 1 5/8 miles south, Illinois Route 64 is 2 3/4 miles north, and Interstate 88 is 3 1/2 miles south of the property.

Legal Description: A brief legal description indicates the DeKalb Farm is located in Part of Section 11, Township 40 North Range 4 East (DeKalb Township), DeKalb County, Illinois.

Total Acres: There are a total of 159.155 acres according to a recent survey. Survey available upon request.

Tillable Acres: There are approximately 153.74 cropland acres according to the DeKalb County FSA, of which 151.69 acres are currently leased.

Soil Types: Major soil types found on this farm include: Flanagan silt loam, Elpaso silty clay loam, Danabrook silt loam, and Parr silt loam.

Topography: The topography of the subject farm is level to gently rolling.

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 $19,250 per acre. 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 2023 real estate taxes totaled $8,293.88. The tax parcel numbers are: #08-11-100-038, #08-11-100-037, #08-11-451-027, #08-11-375-013, #08-11-375-014, and #08-11-301-007.

Grain Markets: There are a number of grain markets located within 15 miles of The DeKalb Farm.

Zoning: The property is zoned A-1, Agricultural District.

Improvements: The property includes two pole buildings and a grain bin. All improvements are being sold as-is.

Comments: High quality farmland with future development potential.