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21510 East 1400th Ave Toledo, Illinois Cumberland County Listing Price: $625,000 Acres: 111 Acres Farm |
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This property is Available.
Contact Chuck Ehler via
email
or by phone at 217-369-2832. REDUCED PRICED FOR QUICK SALE!!! Hartke Farm Cumberland County Illinois This 111 acre offering is located in sections 6 and 7 of Cottonwood Township of Cumberland County, Illinois, T10N-R9E. This farm is a highly productive farm that is gently rolling giving it good surface drainage. It is over 90% tillable with the balance in waterways and roadsides with trees in the eastern boundary. This farm has a Productivity Index rating of 125.4 reflecting the excellent soils for the area including about 21% Drummer. The field tillable map acreages from the FSA office is available on request. The farm is leased through the 2008 crop year. The seller requires a leaseback for a minimum of 3 years and would like to have an additional 3 year leaseback. The cash rent offered for the initial leaseback period is $225 per acre with the 2nd leaseback period to be negotiated using the attached Exhibit 1 “Cumberland Rental Agreement Pricing.” The cash rent lease shall begin on January 1, 2009, with the first 50% of the lease annual value due on March 1, 2009, and the second annual installment shall be due on November 1, 2009. All future years will use the same calendar dates and lease percentages payments as the initial year. The seller wishes to have the opportunity to re-purchase the parcel at an interval of five years from the date of closing and at 10 years after the original date of closing or at any other time that is mutually agreeable by both buyer and seller. The price shall be determined by each party acquiring an appraisal by a State of Illinois licensed appraiser familiar with and with expertise in farmland sales in the area in question. The cost of each appraisal shall be borne by each party. The final selling price shall be the average of the two appraisals. Price: This 111acre parcel is priced at $6,000 per acre or $666,000. Closing date shall be on or before December 1, 2008, or anytime after the completion of the harvest of the 2008 crop. Taxes shall be prorated at the time of closing. All mineral rights go with the farm. TWIN CITY REALTY, LLC represents the seller. Disclaimer – The information provided is believed to be accurate. It is subject to verification and no liability for error or omissions is assumed. There are no warranties, expressed or implied, as to the information herein contained, and it is recommended that an independent inspection of the property be made by all buyers. **Note: Photo is a representation** Check out our other Commercial Office Listings. |
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