Auction Information
Online Bidding SiteThe Lakewood Properties Auction
Total Acres: The approximate total acreages are as follows: Tract 1 is 72.3 acres, Tract 2 is 1.36 acres, and Tract 3 is 0.80 acres.
Tillable Acres: There are approximately 67 tillable acres, estimated, on Tract 1.
Soil Types: The primary soil type on Tract 1 is Varna silt loam.
Topography: The topography of Tract 1 is level to gently rolling.
Location Climate Growing Season: McHenry County has a continental climate typical of north-central Illinois. The average length of the growing season is nearly 160 days. On average we expect about 2,750 growing degree days from April 15 through September 30. Annual precipitation averages about 35 inches with over two thirds of this coming during the growing season. Snowfall averages about 36 inches per year. Prevailing winds are from the west and southwest. The climate, combined with the generally excellent soils in this area provides a nearly ...
Location Climate Growing Season: McHenry County has a continental climate typical of north-central Illinois. The average length of the growing season is nearly 160 days. On average we expect about 2,750 growing degree days from April 15 through September 30. Annual precipitation averages about 35 inches with over two thirds of this coming during the growing season. Snowfall averages about 36 inches per year. Prevailing winds are from the west and southwest. The climate, combined with the generally excellent soils in this area provides a nearly ideal environment for the production of corn, wheat and soybeans.
Mineral Rights: The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Grain Markets: There are a number of grain markets located within 15 miles of Tract 1.
Zoning: The Lakewood Properties is currently zoned R-1, Single Family Detached.
Comments:
Land: Excellent development potential, contiguous to the Kishwaukee Fen Nature Preserve and RedTail Golf Club, Quick access to major roadways, Currently zoned R-1, Single Family Detached.
Lots: Village of Lakewood impact fees are currently waived for single family building permits pulled by May 14, 2020 (~$25,000 savings).
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The 2018 real estate taxes for Tract 1 totaled $1,078.80 and the tax parcel numbers are #18-14-100-025 & #18-15-200-016. The 2018 real estate taxes for Tract 2 totaled $1,465.50 and the tax parcel number is #18-11-377-006. The 2018 real estate taxes for Tract 3 totaled $1,465.50 and the tax parcel number is# 18-11-378-001.
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Research Parcel InformationDirections
Directions To Auction: The auction is being held online and the property will be offered in three tracts. Tract 1: Will sell for the highest bid amount at or above $10,000 per acre. Tracts 2&3: The highest bid amount will be subject to seller's acceptance.
Directions To Farm: From Illinois Route 47 in Huntley, travel east on Algonquin Road 2.2 miles to Lakewood Road. At Lakewood Road, travel north 2.0 miles, and head west 0.4 miles on Ackman Road to arrive at Tract 1. From Lakewood and Ackman, travel north 0.6 miles on Lakewood Road to arrive at Tracts 2 & 3 on Muirhead Drive.
Location: The subject property is located approximately 28 miles northwest of Chicago O'Hare International Airport. The property is located within the Village of Lakewood, is contiguous to Lake in the Hills, and is 1 mile north of Huntley.
Frontage: Tract 1 has approximately 3/8 mile of road frontage on Ackman Road and 3/8 mile on Haligus Road. Tracts 2 & 3 have frontage on Lakewood Road and Muirfield Drive.
Legal Description:The 72.3 acres of land are located in Part of the Northwest Quarter of Section 14 and Part of the Northeast Quarter of Section 15, Township 43 North Range 7 East (Grafton Township), McHenry County, Illinois.
Major Highways: Illinois Route 47 is 1 1/4 miles west, Illinois Route 176 is 2 5/8 miles north, Illinois Route 31 is 5 3/8 miles east, and Interstate 90 is 5 7/8 miles southwest of Tract 1.