120 Acres in Wilmington, IL - $1,575,000

Here’s a great opportunity to diversify your investments with tillable farmland in Will County. This productive farm is located about four miles southeast of Wilmington and 10 miles from the Rt. 113 exit off I-55. The property consists of three adjoining parcels, a 60-acre tract, and two 30-acre tracts for an approximate total of 120 acres. These tracts already benefit from field tiling. The farm has approximately 1320 feet of road frontage along Ballou Road which is fully paved, allowing for convenient access. Zoned for agricultural use, crops have historically rotated between corn and soybeans. The collective topography is relatively level with a very slight rise nearing Ballou Road. Soils consist primarily of Ashkum Silty Clay Loam and Elliot Silt Loam with an average PI of 126.67. Farm tenancy for 2024 will remain with the current owner, however a respectful cash rent agreement can be negotiated. Looking for a place to build your dream home with beautiful views of the Illinois countryside? This property offers several potential build sites, and with proper county approval, may be next in line for residential development as is the case along its western side. Call listing agent Mark Leonard for more information or to schedule a private showing.