359 Acres in Harrisburg, IL - $1,395,000
Large Established Tillable Tract In Southern IL With Solid R.O.I.
This farm is a great investment opportunity with approximately 268.64 tillable acres ready for production. The tillable acreage consists of 137+/- acres of Class B soil type and 131+/- acres of Class C soil type. It has an average Crop Productivity Index of 113.3. Currently, there are 40+/- acres that are tiled for drainage. The 2020 crop rights are currently available to the new owner, with the opportunity to rent the crop rights back to the current owner. The farm has had a full boundary survey performed and has two gated entry points. One is at the end of Lighthouse Road and the other is an easement accessing the southern side off Hwy. 13. There are approximately 91 acres of softwoods and mast producing hardwoods with areas of dense understory. The Bankston Fork of the Saline River runs along the northern boundary providing plenty of water for wildlife and a firm northern boundary lin...
This farm is a great investment opportunity with approximately 268.64 tillable acres ready for production. The tillable acreage consists of 137+/- acres of Class B soil type and 131+/- acres of Class C soil type. It has an average Crop Productivity Index of 113.3. Currently, there are 40+/- acres that are tiled for drainage. The 2020 crop rights are currently available to the new owner, with the opportunity to rent the crop rights back to the current owner. The farm has had a full boundary survey performed and has two gated entry points. One is at the end of Lighthouse Road and the other is an easement accessing the southern side off Hwy. 13. There are approximately 91 acres of softwoods and mast producing hardwoods with areas of dense understory. The Bankston Fork of the Saline River runs along the northern boundary providing plenty of water for wildlife and a firm northern boundary line. It is also a major travel corridor for wildlife in the area with numerous ideal ambush sites along its path. This farm provides a major food source for wildlife in the area and adjoins dense security cover to the south. This creates the ideal scenario to pull big bucks out of thick cover to feed. If you’re looking for an established tillable investment tract with a solid R.O.I., give us a call today and schedule your private tour!
Property Features:
- Large established tillable tract with solid R.O.I.
- A great investment opportunity
- 268.64+/- tillable acres
- 137+/- acres of Class B soil type, 131+/- acres of Class C soil type
- An average Crop Productivity Index of 113.3
- 40+/- acres are tiled for drainage with a bid of $65,000.00 to tile an additional 80+/- acres
- The 2020 crop rights are available to the new owner
- The current owner is willing to rent the crop rights from new owner at $160.00 - $170.00 per acre
- The addition of a hunting lease at $20/acre could bring the new owner an additional $7,180.00 annually
- R.O.I. with cash rent at $170.00/acre ($45,560.00) and hunt lease at $5,500.00 brings total income to $51,060.00 or 3.7% R.O.I.
- 91+/- acres of softwoods and mast producing hardwoods
- The Bankston Fork of the Saline River runs along the northern border of the property
- Full boundary survey
- 2 gated access points
- The only road frontage sits at the end of the dead-end road
- 10 minutes from Harrisburg, IL – 2 ½ hours from St. Louis, MO – 1 ½ hours from Evansville, IN
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