County Road 1700E, Clay City, IL 62824 - Wayne County

70 Acres Recreational Property With Outstanding Income

Legal: NE 1/4 of the SW 1/4 and the south 30 acres of the SW 1/4 of the NW 1/4 all in Sec. 24, T2N R7E of the 3rd P.M., Wayne County, IL (Keith E. Twp.)

Size: 70 acres (Owner is willing to sell the south 40 acres by itself)

Price: $250,000 ($3571/ac)

Tillable Acres:

24.70 FSA measured tillable acres currently in CRP paying $125.75/ac with annual payments of $3,106. This contract expires 9/30/2030

27.14 FSA measures tillable acres currently in CRP paying $162.53/ac with annual payments of $4,411. This contract expires 9/30/2029

Total annual income on this farm is $7,517

Mineral Rights: Negotiable

Possession: At closing

Soil Types: Bonnie, Piopolis, Ava, Creal, Blair

Real Estate Taxes: $900.63/yr (Estimate)

Improvements: This is one of the few outstanding hunting tracts on the market that will provide trophy deer and turkey hunting and will also generate enough guaranteed income that will pay a substantial amount of the mortgage payment.