Wilmington, IL 60481,0000 Ballou RD

$1,560,000

Est. payment /mo

$1,575,000

1.0%
Est.Price: ?

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0000 Ballou RD Wilmington, IL 60481

120 Acres Lot

SOLD DATE : 02/15/2024

Key Details

Sold Price $1,560,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11934895

Sold Date 02/15/24

Annual Tax Amount $3,755

Tax Year 2022

Lot Size 120.000 Acres

Lot Dimensions 1320FT X 3930FT X 1320FT X 3930FT

Property Description

Here's a great opportunity to diversify your investments with tillable farmland in Will County. This productive farm is located about four miles southeast of Wilmington and 10 miles from the Rt. 113 exit off I-55. The property consists of three adjoining parcels, a 60-acre tract, and two 30-acre tracts for an approximate total of 120 acres. These tracts already benefit from field tiling. The farm has approximately 1320 feet of road frontage along Ballou Road which is fully paved, allowing for convenient access. Zoned for agricultural use, crops have historically rotated between corn and soybeans. The collective topography is relatively level with a very slight rise nearing Ballou Road. Soils consist primarily of Ashkum Silty Clay Loam and Elliot Silt Loam with an average PI of 126.67. Farm tenancy for 2024 will remain with the current owner, however a respectful cash rent agreement can be negotiated. Looking for a place to build your dream home with beautiful views of the Illinois countryside? This property offers several potential build sites, and with proper county approval, may be next in line for residential development as is the case along its western border. This is a rare offering in a highly desired location of the county so don't miss this opportunity!

Location

State IL

County Will

Area Wilmington

Interior

Fireplace N

Exterior

Utilities Available Electric Nearby

Schools

School District 209U , 209U, 209U

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Mark Leonard • Whitetail Properties Real Estate, LLC
Bought with Randi Quigley • eXp Realty, LLC

Laurie Field

Real Estate Advisor

+1(312) 504-7010

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