0111 NW 1200 St

Property facts

Price

$1,332,000

Status

For sale

Property type

Land & lots

Lot size

111 acres

County

Greene County

MLS #

11777490

Description

Greene County, Illinois irrigated farmland investment. 111 +/- tillable acres being split off from a larger 168 +/- acre farm. The land boasts excellent cash rent returns, high yields, irrigation and long-term rent options. Ideal for an investor, this farm comes with a$400/ac cash rent in place for 2026 with options to extend. The farm can be open for the 2027 crop year. Investment Analysis(Estimated)Asking Price: $1,332,000 ($12,000/ac)$400/ac cash rent: $44,400 (111 acres)Drainage tax: $3,846 (+/-)Property tax: $2,500 (+/-)Net Income: $38,054 (+/-)Cap Rate: 2.9% (+/-) Yield data shows an average corn harvest at 188-197 bu/ac. A soil test was completed in April of '26 and is attached in the property documents section. There is anestimatedSection 180 excess soil fertility deduction of over $1,400/ac.

Supplied by the listing agent and shown without edit.

Check these yourself before you buy

None of these can be settled by a listing description. Each one names who can answer it.

• Boundaries and cornersAsk: a licensed surveyor, not a listing map or a phone app
• Legal accessAsk: a title company, plus the county recorder for recorded easements
• Zoning and permitted usesAsk: the county planning department, in writing
• Building permission and septic feasibilityAsk: county building and environmental health
• Utilities and the cost to connectAsk: the serving electric and water utilities, by parcel
• Water rights and well permitsAsk: the state water authority
• Flood and wetland exposureAsk: FEMA flood maps, and a wetlands delineation where relevant
• Easements and encumbrancesAsk: a full title report, not a preliminary summary
• Taxes and assessmentsAsk: the county assessor and treasurer
• FinancingAsk: a lender that actually writes raw land loans

General information, not legal, engineering or financial advice.