Recreational Land & Farm for Sale in Franklin Grove, Illinois
Whitney Rd Franklin Grove, IL 61031
Illinois Farm and Rec Land is excited to offer this CLASS A tillable farm (133 Productivity Index (PI)) located in Lee County, IL. This tract consists of 132.66 taxable acres with 120.92 crop acres and the balance in waterway and creek. The farm offers exceptional 2 sided hard road access from both the South and West. The primary soil types throughout the farm are Oscar Silt Loam, Catlin Silt Loam and Comfrey Silt Loam. There is a transferrable solar lease that is proposed to consist of 30 acres on the South side of the farm along McGirr Road. This lease agreement will be transferred to the new owner at the time of closing. There is great future revenue upside if the solar project is completed with payments starting at $900/acre with annual escalators attached. Preliminary County approval has been met for the project to be executed. Open Tenancy for the 2025 crop season.
Directions
US-34 E to 3000 E St, Take La Moille Rd to US-52 W in Lee Center Township and La Moille Rd to US-52 W in Lee Center Township
Property details
- County
- Lee County
- Zoning
- Agricultural
- Elevation
- 778 feet
- MLS Number
- PAAR PA1250062
- Date Listed
Legal description
SECT/LOT:12 TWP:21 RNG/BLK:10 PT S 3/4 SEC LYG E OF RD & SE OF HWY 8911-0655 EXC 9407-1834
Parcels
- 06-09-12-400-003
Property taxes
- 2022
- $5,016
Nearby schools
Name | Level | District | Description |
---|---|---|---|
Ashland-Chandler District #262 | High | — | — |
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
May 8, 2024 | New listing | $1,570,000 | — | PAAR |