275 acres in Mercer County, Illinois

Property Description

+/- 275.47 surveyed acres, 240.24 cropland acres cash rented @ $375/acre = $90,090 / yr. income. The farm is leased through 2014. Open farm tenancy for 2015 and beyond. The current farm tenant will extend the annual farm lease to a 3 year lease if the new buyer prefers a longer term lease. CRP Acres: +/- 10.5 acres enrolled in CP38 paying $1,496.04 annually through 2020. +/- 15.1 acres enrolled in CP8A filter strips paying $2,369 annually through 2021. The fall of 2012, the landowner invested over $ 150,000.00 improving this farm with field drainage tile and reshaping waterways. Tile maps are available upon request. This is a great farm for an investor looking for excellent value with good income potential and long-term capital appreciation. Contact Travis Selby for additional information. 217.304.1686 Cell