General Information
The Humboldt farms total 501.9 taxable acres in two parcels of 196.5 and 305.4 acres about 3 miles apart. They are comprised of prime Class A soils with overall productivity indexes of 140.2 and 138.8 respectively. Both tracts are fully pattern tiled providing excellent drainage. This is a great opportunity for investors!
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Listed at $19,500/ac - $9,787,050
Location
The Humboldt farms are located in northern Coles County near Humboldt, IL.
Humboldt 196: The NW 1/4 (w/ exc.) and the NW 1/4 of the SW 1/4 of Section 29, Township 14N, Range 8E of the 3rd P.M., Coles County, IL.
Humboldt 305: The West 1/2 (w/ exc.) of Section 16, Township 13N, Range 8E of the 3rd P.M., Coles County, IL.
Humboldt 196: The NW 1/4 (w/ exc.) and the NW 1/4 of the SW 1/4 of Section 29, Township 14N, Range 8E of the 3rd P.M., Coles County, IL.
Humboldt 305: The West 1/2 (w/ exc.) of Section 16, Township 13N, Range 8E of the 3rd P.M., Coles County, IL.
Tract Information
Humboldt 196 PENDING
196.5 taxable acres
192.83 acres tillable per FSA
140.2 soil PI - predominately Dummer-Milford and Flanagan soil types
Fully pattern tiled on approximately 70' centers
Humboldt 305
305.4 taxable acres
286.81 acres tillable per FSA
138.8 soil PI - predominately Dummer-Milford and Flanagan soil types
Fully pattern tiled on approximately 70' centers
196.5 taxable acres
192.83 acres tillable per FSA
140.2 soil PI - predominately Dummer-Milford and Flanagan soil types
Fully pattern tiled on approximately 70' centers
Humboldt 305
305.4 taxable acres
286.81 acres tillable per FSA
138.8 soil PI - predominately Dummer-Milford and Flanagan soil types
Fully pattern tiled on approximately 70' centers
Property Documents
Humboldt 196 Soil Test Report
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Humboldt 305 Soil Test Report
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Humboldt 196 FSA Info
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Humboldt 305 FSA Info
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Humboldt 196 Tile Map
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Humboldt 305 Tile Map
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Humboldt 196 Soil Map
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Humboldt 305 Soil Map
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Humboldt 196 Topography Map
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Humboldt 305 Topography Map
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Sale Information
Method of Sale: Tracts may be sold individually or in combination.
Lease: Both tracts are under lease for the 2023 crop year with Heritage Family Farms. Contact Broker for details. Heritage Family Farms does excellent work and is interested in future leasing opportunities.
Improvements: None
Tower Lease (Humboldt 305): The communications tower lease near the center of Humboldt 305 has been sold off.
Real Estate Taxes: 2022 taxes payable in 2023 will be paid by seller or credited to buyer at closing. Buyer will pay 2023 RE Taxes payable in 2024 and all subsequent taxes.
Possession: Full possession will be conveyed at closing subject to the remaining rights of the current farm tenant for the 2023 crop year.
Down Payment: 10% earnest money at acceptance of bid price and signing of Contract for Purchase. Balance of purchase price will be due at closing.
Closing: To be scheduled within 30 days of contract signing.
Mineral Rights: All mineral rights owned by the Seller will be conveyed to the Buyer at closing.
Easements: The sale is subject to any and all easements apparent or of record.
1031 Exchange: Seller reserves the right to utilize IRS Sect 1031 in the sale of these properties.
Agency: Waibel Farmland Services, Inc. and its representatives are exclusive agents to the Seller.
Disclaimer: Information provided is believed to be accurate, but is subject to verification by buyers or others relying on it. No liability for errors or omissions is assumed by the Seller or Waibel Farmland Services Inc. The properties are being sold on an "AS IS WHERE IS WITH FAULTS" basis, and no warranty, expressed or implied, is made by the Seller, Waibel Farmland Services, Inc.,, or its representatives. Potential buyers are responsible for conducting their own due diligence and inspections, and assume full responsibility for their safety and accidents during property inspection.
Lease: Both tracts are under lease for the 2023 crop year with Heritage Family Farms. Contact Broker for details. Heritage Family Farms does excellent work and is interested in future leasing opportunities.
Improvements: None
Tower Lease (Humboldt 305): The communications tower lease near the center of Humboldt 305 has been sold off.
Real Estate Taxes: 2022 taxes payable in 2023 will be paid by seller or credited to buyer at closing. Buyer will pay 2023 RE Taxes payable in 2024 and all subsequent taxes.
Possession: Full possession will be conveyed at closing subject to the remaining rights of the current farm tenant for the 2023 crop year.
Down Payment: 10% earnest money at acceptance of bid price and signing of Contract for Purchase. Balance of purchase price will be due at closing.
Closing: To be scheduled within 30 days of contract signing.
Mineral Rights: All mineral rights owned by the Seller will be conveyed to the Buyer at closing.
Easements: The sale is subject to any and all easements apparent or of record.
1031 Exchange: Seller reserves the right to utilize IRS Sect 1031 in the sale of these properties.
Agency: Waibel Farmland Services, Inc. and its representatives are exclusive agents to the Seller.
Disclaimer: Information provided is believed to be accurate, but is subject to verification by buyers or others relying on it. No liability for errors or omissions is assumed by the Seller or Waibel Farmland Services Inc. The properties are being sold on an "AS IS WHERE IS WITH FAULTS" basis, and no warranty, expressed or implied, is made by the Seller, Waibel Farmland Services, Inc.,, or its representatives. Potential buyers are responsible for conducting their own due diligence and inspections, and assume full responsibility for their safety and accidents during property inspection.
Photos
Humboldt 196
Humboldt 305
Contact Information
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Brian D. Waibel - Designated RE Managing Broker
brian@waibelfarmlandservices.com Office: 217-590-0233 Cell: 217-898-2757 Seth D. Waibel - Real Estate Broker seth@waibelfarmlandservices.com Office: 217-590-0233 Cell: 217-898-7789 |