The Ranken Farm

Location: The subject farm is located approximately 63 miles west of Chicago O'Hare International Airport. Nearby cities include: Rochelle (1 1/2 miles northeast), Amboy (13 1/8 miles southwest), and DeKalb (18 1/2 miles east). Frontage: There is approximately 1/4 mile of road frontage on Thorpe Road. Major Highways: Interstate 88 is 1/4 mile north, Illinois Route 38 is 2 1/2 miles north, Illinois Route 251 is 3 miles east, Interstate 39/ U.S. Route 51 is 6 1/4 miles east, and U.S. Route 30 is 7 3/4 miles south of the property. Legal Description: A brief legal description indicates The Ranken Farm is located in The North Half of the Northeast Quarter of Section 8, Township 39 North - Range 1 East (Reynolds Township), Lee County, Illinois. Total Acres: There are a total of 80 acres, more or less, according to the Lee County Assessor. Tillable Acres: There are approximately 78.69 cropland acres according to the Lee County Assessor, of which 7.72 acres are currently enrolled in CRP with an annual contract payment of $2,835 through September 30, 2026. Soil Types: Drummer silty clay loam is the primary soil type on this farm. Topography: The topography of the subject farm is level. Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner. Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract. Price Terms: The asking price is $13,900 per acre. A 10% earnest money deposit should accompany any offer to purchase. Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request. Taxes: The 2024 real estate taxes totaled $3,806.88. The tax parcel number is #17-05-08-200-001. Grain Markets: There are a number of grain markets located within 15 miles of The Ranken Farm. Zoning: The property is zoned AG-1, Rural/Agricultural District.