139.01 Acres in Morrison, IL - $1,250,000
The improvements on this property consist of a ranch style home (built in 1996), 5 sheds and 4 grain bins. The home has approximately 1,680 square feet plus an unfinished breezeway that connects the house and 2 stall garage. Features include cathedral ceilings, hickory cabinets and French doors. The main floor houses 2-3 bedrooms, 1 bath, a den, kitchen, living room and a laundry room. There is a full, unfinished basement with a wood burner. This home has 200 amp electric service. It has central air conditioning and LP gas forced air heat. It also has a sump pump, water softener and 40-gallon water heater. External amenities include a wooden deck, vinyl siding on the house and a steel roof (new in 2010).
Base & Yield Information:
Crop: Base Acres: Yield:
Corn 73.4 acres 105
Soybeans 14.3 acres 34
Actual Income:
The tillable ground on this property is rented through Febru...
The tillable ground on this property is rented through February 28th, 2014 at $250/tillable acre for 95.1 acres.
$250 x 95.1 (acres) = $23,775 cash rent income.
Potential Income:
The home and buildings could be rented out for at least $900/month, possibly more. Using $900/month as the base price for rent, an additional income of $10,800 is possible.
Total Yearly Gross Income: $34,575
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