Landmark Rd., Iuka, IL 62849 - Marion County

Legal Description:203.86 acres more or less located in Section 4, Township 2 North, Range 4 East of the 3rd P.M., Marion County, IL

Location: E of Iuka, IL on Hwy 50 1 mile to Landmark Rd. then N on Landmark Rd. 1/2 mile property is on the East side of the road

Lot Size: 203.86 acres

Price:$611,580 ($3,000/ac) REDUCED FROM 3,000/AC

Tillable:87.3 acres currently in CRP and Tree Program

Farm Program & Bases:40.2 acres - CRP Contract 2007-2017 $92.72/ac = $3,727.34/yr 14.1 acres - Tree Program 2010-2020 $90.00/ac = $1,269/yr 33.0 acres - Tree Program 2012-2022 $150.65/ac = $4,971.45/yr TOTAL = $9,967.79

Minerals:1/4 of the mineral rights will sell with the property

Possession:At closing subject to current house tenant

Rent Agreement:

Soil Type:See Soil Map

Improvements:2bd 1ba bungalow style home (Approx. 880sq.ft.) currently renting for $400/mo, 32`X36` Pole Barn, 32`X50` Open Side Livestock Barn

Annual Property Taxes:2012 Real Estate Taxes $2,766.62

Evaluation:This is a very secluded property with very easy access only 1/2 mile from State Highway 50. The property currently generates over $15,000 in income which is over a 2% return at the asking price. This property is a perfect combination of mature timber, creek bottoms, upland open acreage, and the home would make a perfect weekend cabin or permanent residence. The balance of thick planted trees, mature hardwood timber, and open fields along with a creek that bisects the property and a one acre pond make this property excellent for deer and turkey hunting.

OTHER:Truly a unique property with excellent income.