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Vacant Land - Cliffdale, IL
Rare opportunity to purchase irrigated acreage with over an easily justified 3% cap rate and multiple streams of income. This 64.54-acre farm boasts 54.61 acres of income-producing tillable ground and 5.08 acres of CREP paying $1,935 per year until 2029. This puts the tract at over 92% usable/income-producing land. On-farm irrigation provides effective insurance to a potential investor given the current volatility of both weather and commodity markets. The farm has been owner-operated for the last several years and has seen impressive yield results, which are attached in the ""property documents"" section. The farm has produced 75/bu/ac beans and 236/bu/ac corn in the last two years. The current owner is willing to rent-back this farm with an aggressive cash rent and potential buy-back option. Excellent opportunity for an investor looking to beat the market and other farmland investment...
Rare opportunity to purchase irrigated acreage with over an easily justified 3% cap rate and multiple streams of income. This 64.54-acre farm boasts 54.61 acres of income-producing tillable ground and 5.08 acres of CREP paying $1,935 per year until 2029. This puts the tract at over 92% usable/income-producing land. On-farm irrigation provides effective insurance to a potential investor given the current volatility of both weather and commodity markets. The farm has been owner-operated for the last several years and has seen impressive yield results, which are attached in the ""property documents"" section. The farm has produced 75/bu/ac beans and 236/bu/ac corn in the last two years. The current owner is willing to rent-back this farm with an aggressive cash rent and potential buy-back option. Excellent opportunity for an investor looking to beat the market and other farmland investments currently available. Contact Alec Wardenburg for information regarding the potential investment and cash rent. This tract is located in the Green County river bottoms, just north west of Eldred. Accessed via state HWY 108 out of Carrollton, the farm has over 450' of road frontage along NW 900 Ave, allowing easy access for operating. The land is levee-protected and has had drainage ways added. Currently planted in corn, the current crop is off to a great start. A hybrid mix planting can be seen on aerial photos, and physical inspection shows fantastic results. The farm has been a priority for the current owner/operator, which has resulted in optimal levels of soil fertility, leading to a potential IRS Tax Code 180 tax deduction for the new owner. Clean farms like this don't come around often. This one truly has it all: Well-maintained tillable acreage, additional income, irrigation, newly installed tile/drainage ways, easy access, etc. Call today to schedule your private showing or to learn more about the investment.
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