Contact us: 563.441.1776
Description
70± acre investment-grade farm in Lee County, Illinois near Amboy. This tract is 100% tillable with an average PI of 105.7, offering strong income potential and efficient farmability. The property is leased through 2028 at $300 per acre, providing immediate and stable annual cash flow with a strong 3.55% return at the asking price. An additional value-add opportunity exists as the adjoining landowner owns a pivot irrigation system that currently encompasses this farm. Potential water units may be available for purchase, creating future upside through irrigation access and enhanced productivity. Excellent opportunity for investors, 1031 exchange buyers, or operators seeking quality Northern Illinois farmland with stable income and long-term appreciation potential. Two-sided road access with several grain storage facilities within close proximity. See this Property Today!
Property Highlights
Property Type: Land - Farm
Total Acres: 70.00 Acres
Utilities: None
Zoning: Agricultural
General Information
County: Lee
High School: Amboy
Subdivision: None
Listed By:
Jim Maloof Realty, Inc.
Mobile: 309-231-1449
RMLSA
MLS ID: PA1266907
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0 Amboy Road, Amboy, IL 61310.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $612,500 | $612,500 | $612,500 |
| Down Payment | $122,500 | $21,438 | $153,125 |
| Monthly Mortgage Amount | $2,977 | $3,703 | $3,784 |
| Taxes | $852 | $852 | $852 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $269 | $0 |
| Monthly Estimated Total | $4,008 | $5,003 | $4,815 |
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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