About This Property
A great opportunity to own a property with a convenient location that offers it all: income from tillable acreage, recreational land, and potential for residential use. This 38.38±-acre farm offers 18.08 acres of tillable land producing income plus 20 acres of wooded land with a small spring-fed pond!
Location
The Hanfelder Farm is conveniently located just east of Interstate 255 on Arlington Drive, north of Horseshoe Lake Road and east of Hwy 111.
Legal Description
Part of the Southwest ¼ of the Southeast ¼, Section 13 of Nameoki Township, Madison County, Illinois.
Farm Operator and Lease
The Hanfelder Farm is presently operated by Relleke Inc. under the terms of a cash rental agreement for the 2023 crop year.
Tax Information
2021 taxes (paid in 2022) totaled $398.36. 38.38 acres per Madison County Assessor.
Sale Terms
The buyer will be asked to sign a written contract to purchase the Hanfelder Farm. A 10% earnest money downpayment will be required upon contract signing. The balance will be due at closing. Possession will be granted at closing, subject to tenant rights. The farm will be free of a farm lease for 2024.
Property Specifications
| Property Type | Farm |
| Total Lot Size | 38.38 acre(s) |
| Tillable Acres | 18.08 |
| Wooded Acres | ~20 |
| 2021 Taxes | $398.36 |
| County | Madison |
Photos & Maps
Price
$299,000
Acreage
38.38± Acres
County
Madison County, IL
Location
East of I-255 on Arlington Drive, north of Horseshoe Lake Rd
Key Details
- 38.38± total acres
- 18.08 acres of tillable land
- 20 acres of wooded recreational land
- Small spring-fed pond
- Potential for residential use
- Sold for $299,000
Listing Agent
Joshua Young
Managing Broker
About the Agent
Joshua Young
Managing Broker · Land Resource Group LLC
Josh is a farmland specialist offering brokerage services. He has an appraisal and farm management background having grown up on a 2,500-acre grain farm in Macoupin County as a fifth-generation farmer. With a degree in Agricultural Economics from the University of Illinois, Josh is an Illinois certified general appraiser specializing in the valuation of agricultural and recreational land. As a Broker, Josh is anxious to use his farm-related background to assist buyers in finding the farm that best fits their personal investment criteria.