
Courtesy of: Alec Wardenburg, National Land Realty, Illinois, alec.wardenburg@followupboss.me
$1,332,000
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Lot: 111.00 Acres
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Other
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$1,332,000
0111 NW 1200 St 111 +/- tillable acres being split off from a larger 168 +/- acre farm. The land boasts excellent cash rent returns, high yields, irrigation and long-term rent options. Ideal for an investor, this farm comes with a $400/ac cash rent in place for 2026 with options to extend. Full cash rent will be funded at closing. Investment Analysis(Estimated)Asking Price: $1, 332, 000 ($12, 000/ac)$400/ac cash rent: $44, 400 (111 acres)Drainage tax: $3, 846 (+/-)Property tax: $2, 500 (+/-)Net Income: $38, 054 (+/-)Cap Rate: 2.9% (+/-) Yield data shows an average corn harvest at 188-197 bu/ac. A soil test was completed in April of '26 and is attached in the property documents section. There is anestimatedSection 180 excess soil fertility deduction of over $1, 400/ac.
Courtesy of: Alec Wardenburg, National Land Realty, Illinois, alec.wardenburg@followupboss.me
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