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Land with Home for Sale in Olney, Illinois

3881 E Tank Farm Ln, Olney, IL 62450

$435,000
40 acres
Pending sale
Under contract

A Sportsman's paradise near Olney! Escape to your own private retreat on 40 beautiful acres just north of Olney. This unique property features two separate living quarters , making it perfect for multi-generational living, guests, or rental income. The main home, built in 2014, is part of a spacious barndominium measure 72' x 42'.Inside you'll find nearly 1,400 sq. ft. of comfortable living space, including 2 bedrooms, 1 bath, laundry, and an open living, kitchen, and dining area. Attached is a 28' x 42' garage with three overhead doors, plus an additional 11' x 42' heated and cooled multi-purpose space. The home is connected to EJ water and includes a whole-house generator. The separate accessory living quarters have their own uitilities, offering excellent rental income potential or space for extended family. Outdoor enthusiasts will love the established trails throughout the wooded acreage, wide enough for side-by-side vehicles. The property is rich with wildlife and has a proven history of mature whitetail deer and eastern turkey. Additional features include: .Approximately12.5 acres of tillable ground .4.5-5 acres of hay ground providing additional income .Orchard with peach, cherry, pear, and apple trees .Blackberry bushes and asparagus .Greenhouse for gardening enthusiasts .An estimated $25,000 in harvestable timber Conveniently located approx. 2.5 miles north of Olney, this property offers the perfect blend of country privacy, recreation, and income potential.

1,400
Sq feet
2
Beds
1
Full bath
2014
Built

Location

Street address
3881 E Tank Farm Ln
Zip code
62450
School district
Richland County CUSD 1
Elevation
471 feet
Coordinates
38.7875, -88.1204

Property details

Acreage
40 acres
MLS #
MyStateMLS 11669586
Posted

Details and features

Listing

Type
Residential

Exterior

Parking
Driveway
Pool
Patio
Structures
Guest House

Structure

Stories
1
Water
Public
Sewer
Septic Tank
Heating
Electric, Forced Air
Roof
Metal

Interior

Rooms
Bathroom, Bedroom x 2, Laundry Room
Flooring
Tile
Features
Walk-In Closet(s)

Listing history

DateEventPriceChangeSource
July 2, 2026Under contract$435,000MyStateMLS
Apr 17, 2026Listing removed$435,000Listing agent
Mar 11, 2026New listing$435,000MyStateMLS
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This 40-acre property is located at 3881 E Tank Farm Ln in Olney, IL 62450. The property is pending sale. It has a 1,400 square foot 2-bedroom, 1-bath house built in 2014.

Listed by Richland County Realty, (618) 392-7032

Checked 2 hours agoUpdated Source

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