Terri Bailey - Mattoon and Charleston IL Realtors - Coldwell Banker Classic Real Estate
Cr 1550e & 1600n
Urbana, IL 61802

Description

Outstanding investment opportunity! This property has good all-weather road frontage on the south boundary on CR 1800 North/Airport Road and along the north boundary on East Oaks Road. Rural Subdivisions are prevalent in the area. The U of I Brownfield Woods (a "permanent" teaching and research woods) are located adjacent to the property on the east side. High Cross Road is located one-fourth mile east. The farm is located in the Champaign County Enterprise Zone, with real estate tax credits and sales tax credits available for new construction. This property has excellent potential for development. Access to Urbana is very good---I-74 and the Urbana Walmart are located just south of this property. The farm had been leased under a 50-50 crop share for many years. However, in 2018, the sellers have leased the farm for a cash rent of $300/acre. The yields per acre for corn/beans are as follows:(2017) 185+corn/57.8 beans; (2016) 218 corn/65 beans; (2015) 189 corn/67 beans. Take a closer look at this productive property!

Details

MLS#6180824
Sub-TypeResale
StatusActive
Days On Site198

Features

ZoningAGR
Acreage77.44

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Area Information

StateIL
CountyChampaign
CityUrbana
Zip Code61802
AreaChampaign
Listing VS Median (in 61802)
Price:
$844,096
low | high
Med:
$844,096
50% of Average
On Site:
198
low | high
Med:
198
100% of Average
Listing Updated: 09/20/2018
MLS Number: 6180824
Listing Provided By:
Winnie Stortzum  of  Farmers National Company

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