Tract 1 of 1

Description

Tract 1 Description:

This tract consists of 81.52± acres of productive DeKalb County farmland, with soils primarily consisting of Drummer silty clay and Flanagan Silt loam. The tract is well-drained and has a highly respectable productivity index rating of 142.7. While this farm is already under a farm lease for 2025, the 2026 crop year remains open.  

An additional source of annual income is generated by a wind turbine lease.  This single windmill is located on the far western edge of this tract, affecting roughly one half-acre, and is accessible by its own utility easement.  Prospective buyers are required to sign an NDA before obtaining information on the wind lease.

Buyer shall receive 50% of the 2025 farm lease income.

The seller will provide a $10,000 credit at closing for a new buyer to install culverts on waterways, which has been approved by Soil & Water.

APH reports and Soil test data are available upon request.

Prospective buyers are required to sign an NDA before obtaining information on the wind lease.

Deeded acres: 81.52±

FSA Farmland Acres: 78.57±   (Waiting on verification of this from FSA Reports)

Soil Types: Drummer Silty Clay, Flanagan Silt Loam

Soil PI/NCCPI/CSR2: 142.7

CRP Acres/payment: N/A

Taxes: TBD Currently Unavailable via tax assessor webpage

Lease Status: Leased for 2025 Open Tenancy for 2026 crop year

Possession: Immediate possession subject to current tenants’ rights for 2025

Survey needed?: No survey needed

Brief Legal: 81.52± Acres N 1/2 SE 1/4 S25 T39N R3E DeKalb Co IL

PIDs: 10-25-400-007 and 10-25-400-008

Lat/Lon: 41.825, -88.8333

Zip Code: 60550

Terms of Sale

BUYERS PREMIUM: No Buyers Premium

TAXES: Seller to pay 50% and buyer the other 50%

TENANCY: Leased for 2025. Open tenancy for 2026

RENTS: Buyer to receive 50% of 2025 rent. Wind lease payment prorated to date of close

MINERALS: Seller-owned rights will convey

CLOSING COSTS: Seller to provide title search and insurance. Balance of customary closing costs split 50/50

CLOSING DATE: On or before 30 days from seller acceptance

DOWN PAYMENT: 10%

POSSESSION DATE: At closing

SURVEY: No survey is required

SELLER: Sturman Revocable Trust

SALE ORDER: By the acre

SALE METHOD: Sells Subject to seller acceptance

Licensing

WHITETAIL PROPERTIES REAL ESTATE LLC DBA RANCH & FARM AUCTIONS

115 West Washington, Ste 900, Pittsfield, IL 62363

Debbie S. Laux, Designated Managing Broker, License # 471.018541

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

Mark Leonard, Illinois Land Specialist, Whitetail Properties Real Estate, LLC, 630.746.8468

Cody Lowderman, IL Auctioneer, 441.001255

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