
Courtesy of: Alec Wardenburg, National Land Realty, Illinois, alec.wardenburg@followupboss.me
$712,500
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Lot: 57.00 Acres
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Other
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$712,500
057 NW 1200 St. This 57 +/- acre tract is being split off from a larger 168 +/- acre farm located just West of Hillview in the Greene County Bottoms. The farm boasts nearly 100% tillable acres. Multiple acreage options available: 57, 111, 168. Seller will pay any related survey costs prior to closing. The farm is ideal for an investor with a $400/ac cash rent available for 2026 and potential long term arrangements can be made. Contact Broker for information related to long term rent agreement information and potential sell-back options. Full 2026 cash rent would be funded at closing. The farm produce 188+ bu/ac corn in 2025 and the 2026 crop has been established. Investment Analysis (Estimated)Asking Price: $712, 500 ($12, 500/ac)$400/ac Cash Rent: $22, 800Drainage Tax: $1, 974 (+/-)Property Tax: $1, 525 (+/-)Net Income: $19, 301Cap Rate: 2.71% 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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