I-90 & Irene Road, Belvidere, IL 61008 - Boone County

Location: The subject property is located approximately 53 miles northwest of Chicago OHare 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.

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 $42,500 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.