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Illinois PendingFulton County

293 Acres $2,900,000
$9,898/Acre
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PROPERTY OVERVIEW

  • Great investment property which generated $102,600 in income for 2020
  • 6 goose pit leases, generating a total of $60,000 annually
  • Deer lease generates $15,000 annually
  • Cash rent generated $27,600 crop income for 2020
  • 3.5% ROI at asking price
  • 2 gated access points off of US Hwy 24
  • Potential split options available
  • Property sits inside the protective high fence around Duck Creek power plant
  • Amazing deer, turkey, duck, and goose hunting available

Acreage Income

  Total Tillable Timber Other
Acres +/- 293138155
Income +/- $102,600$27,600 (2020)$75,000 (hunting leases)
Illinois Land Broker

Matt Cox

  • Cell: 309-221-1764
  • Office: 217-899-1240
  • Fax: 309-213-1642
Illinois Land Broker

Don Wagner

  • Cell: 309-335-2894
  • Office: 217-899-1240
  • Fax: 309-243-8707

Property Description

SALE PENDING – It’s not every day that an opportunity comes around that provides excellent hunting and outstanding return on your investment at the same time. This property has a little bit of everything to offer. One of the many notable highlights of the farm is the ability to generate a tremendous ROI by leveraging the cash rent income along with the goose pit leases and the deer lease. The total annual return for 2020 was $102,600 from this farm which puts it at a staggering 3.5% ROI at list price. Those returns as hard to achieve, even on Class A prime tillable ground. If you are looking to diversify your portfolio and own an investment property with a solid ROI, then you should really consider taking a look at this one.

The ROI isn’t the only outstanding feature of this property as it offers ample recreational opportunities being located next door to Duck Creek power plant and its former cooling lake. The cooling lake is a long-established rest area for migrating waterfowl, and the 6 goose pits are in prime locations to hunt ducks, geese, and snow geese as they naturally move around the area to find new food sources. In the past, these pits combined have harvested up to 1,600 ducks and 800 geese in one hunting season.

The deer hunting is top notch as well. The property actually sits inside the protective fence that surrounds the Duck Creek power plant. There is a 5,331-acre sanctuary to the west that does not currently and has not previously allowed hunting for many years now. There deer is this area are truly top tier, and the deer hunting and turkey hunting on this farm will not disappoint.

This property is truly one of a kind.

Address: 00 US Hwy Route 24

INTERACTIVE Map

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