For Sale 160+/- Acres Wayne County Illinois 98% Tillable ...cornbeltfarmland.com/files/forsale/Property Description Brochure Grote.pdf3420A Piopolis Silt Clay 25.81 15.20% 3 97 3382A

For Sale 160+/- Acres Wayne County Illinois98% Tillable-Good Soils-Great Return!

Property Description

This is an excellent opportunity to own a Wayne County farm located on Route 15 east of Wayne City, Illinois in Arrington Township. This location is about 6 miles west of Fairfield, the county seat of Wayne County. The farm lies on the north side of Route 15.

The farm has level topography and is nearly all tillable. The soils are Belknap, Bonnie, and Piopolis and has a tract productivity index of 100. The real estate tax property card shows 160 total acres. The farm has 158.19 tillable acres as shown on the FSA aerial maps.

The farm is listed at $5,950.00 an acre.

Lease and Terms: A The farm is offered subject to a leaseback to the current owner with a cash rent of $200.00 per acre. This would give an annual return of 3%, which is far better thancurrent Certificate of Deposit rates! In addition to the annual return, the farm offers a hedge against inflation. Recent history has shown an annual increase of around 2% per year which would reflect a return in the 5% range. This would be a safe investment with a guaranteed return.10% earnest money deposit is required with an acceptable offer to purchase with the balance due at closing.

Wayne County is bordered on the South by Interstate 64, and the farm is located about 23 miles east of Mt Vernon, Illinois.

The land is located along Illinois State Route 15, west of Fairfield, Illinois 10 miles. It has highway frontage and has a high % of tillable land.

Section 2, Township 2S, Range 6 East, Arrington Township, Wayne County Illinois

Soils Map by Soil type

Soil Code Soil Description Acres

% of Field

Soil Class Ave. PI

  3108T Bonnie Silt Loam 128.7 75.90% 3 100  3420A Piopolis Silt Clay 25.81 15.20% 3 97  3382A Belknap Silt Loam 15.01 8.90% 3 105

169.52 100

Crop Insurance Yields

2019 was 1st year being farmed by a new operator. Corn Averaged 192 bushel per acre

With The leaseback, the farm would return about 3% returns

 This farm offers a safe haven for capital during uncertain times. Unlike gold, land offers a return every year. The combinationof annual earnings, coupled with long term appreciation, makes land a good fit to diversify an investment portfolio.

Economic AnalysisPrice per acre $ 5,950.00 $ 952,000.00 3%

Total Acres Tillable Acres % Tillable

160 158.19 99%

Income Tillable Acres

158.19

Rent per acre    $                    200.00  $              31,638.00 

Less Real Estate Taxes  $                1,992.12  $              29,645.88 

Less Lime (Estimate)  $            10.00 

 $                1,581.90 

Net $ 28,063.98

Expected Appreciation per year 2%Cash Return 3%Expected total Return 5%

For Sale 160+/- Acres Wayne County Illinois 98% Tillable-Good Soils-Great Return!Property Description