Daily limit: 0/10
132.66 Acre Class A Farm In Lee County Sold For $1.4 Million With Brad Belser As The Broker
SOLD
$1,399,200
Illinois
See Similar DealsLand
Sold 08/16/2024
SOLD
132.66 Acre Class A Farm In Lee County Sold For $1.4 Million With Brad Belser As The Broker
Land
Sold 08/16/2024
Summary
Asset Type:Land
Transaction Type:Sale
A 132.66-acre Class A tillable farm located at 0 Whitney Road in Franklin Grove, Lee County, IL, has been sold for $1,399,200. The land features 120.92 crop acres and has dual road access. Additionally, it includes a transferrable solar lease on 30 acres, providing potential future revenue from the solar project.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,399,200
- Acres: 132.66
- Crop Acres: 120.92
- Address: 0 Whitney Road
- Market: Franklin Grove
- Broker: Brad Belser - JimMaloof Realtor
Brad Belser, representing JimMaloof Realtor, facilitated the transaction, ensuring a successful sale of the property. The deal included considerations for the solar lease, which adds an opportunity for future income.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,623.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,971.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,632.92
Annual Debt Service$79,595.06
Is there something missing? Send suggestions