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Listed by BradJ Belser • Jim Maloof Realty, Inc.
$ 612,500
Est. payment | /mo
70 Acres Lot
$ 612,500
Est. payment | /mo
70 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PA1266907
Tax Year 2025
Lot Size 70.000 Acres
Acres 70.0
Lot Dimensions 70 Acres
Property Sub-Type Farm
Source rmlsa
Property Description
70± acre investment-grade farm in Lee County, Illinois near Amboy. This tract is 100% tillable with an average PI of 105.7, offering strong income potential and efficient farmability. The property is leased through 2028 at $300 per acre, providing immediate and stable annual cash flow with a strong 3.55% return at the asking price. An additional value-add opportunity exists as the adjoining landowner owns a pivot irrigation system that currently encompasses this farm. Potential water units may be available for purchase, creating future upside through irrigation access and enhanced productivity. Excellent opportunity for investors, 1031 exchange buyers, or operators seeking quality Northern Illinois farmland with stable income and long-term appreciation potential. Two-sided road access with several grain storage facilities within close proximity. See this Property Today!
Location
State IL
County Lee
Area Paar Area
Zoning Agricultural
Direction ROUTE 26 TO AMBOY ROAD
Interior
Fireplace N
Exterior
Exterior Feature None
Utilities Available None
View true
Street Surface Paved
Garage 1
Building
Lot Description Agricultural
Faces ROUTE 26 TO AMBOY ROAD
Water No Sewer, No Water
Schools
High Schools Amboy
Others
Tax ID 12-14-24-400-004
Nearby Locations
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Matt Garrison
REALTOR® | Lic# 475.176635