The State Street Farm
Location: The subject farm is located approximately 68 miles northwest of Chicago OHare International Airport and is located within the city of Rockford. Nearby cities include: Winnebago (2 miles west), Loves Park (6 1/8 miles northeast), and Byron (9 3/8 miles southwest). The property address is 7552 W State Street, Rockford, IL 61102.
Frontage: There is approximately 7/16 mile of road frontage W State Street/U.S. Route 20 Business and 7/8 mile on U.S. Route 20.
Major Highways: The property borders U.S. Route 20 and U.S. Route 20 Business, Illinois Route 2 is 4 1/2 miles east, and Interstate 39 is 9 1/2 miles southeast of the property.
Legal Description: A brief legal description indicates The State Street Farm is located in Part of the Southwest Quarter of Section 1, Part of the Southeast Quarter of Section 2, Part of the Northeast Quarter of Section 11 and Part of the Northwest Qua...
Legal Description: A brief legal description indicates The State Street Farm is located in Part of the Southwest Quarter of Section 1, Part of the Southeast Quarter of Section 2, Part of the Northeast Quarter of Section 11 and Part of the Northwest Quarter of Section 12, Township 26 North Range 11 East (Winnebago Township), Winnebago County, Illinois.
Total Acres: There are a total of 157.43 acres, more or less, according to the Winnebago County Assessor.
Tillable Acres: There are approximately 145 tillable acres according to the Winnebago County FSA.
Soil Type: Osco silt loam is the primary soil type on this farm.
Topography: The topography of the subject farm is level to gently rolling.
Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Price Terms: The asking price is $15,600 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The 2020 real estate taxes totaled $14,780.84. The tax parcel numbers are: #14-01-300-033, #14-02-451-019, #14-02-451-021, #14-02-476-002, #14-02-476-003, #14-11-202-001, #14-11-226-001, #14-12-100-001 & #14-12-100-002.
Grain Markets: There are a number of grain markets located within 10 miles of The State Street Farm.
Zoning: The property is zoned R1 - Single Family Residential (Rockford Zoning District).
Improvements: Two-story single family home with 5 bedrooms, 3 baths, enclosed porch, garage, milk house, machine shed, hog building, metal shed, storage shed, silos, and fenced pasture.
Comments: High quality farmland with a home and outbuildings. Excellent location with future development potential.
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