Land for Development, Boone Co. 320+ Acres

Vacant Land for Sale
Catylist Listing ID: 30570728
Property Subtypes: Agricultural, Residential (Single Family)
Gross Land Area: 320 - 328 Acres
Sale Price: $3,700,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2020

Overview / Comments

5 parcels of agricultural land totaling approximately 320 acres and 8 fully improved residential lots in River Run Subdivision.
Vacant land list price is $10,938/acre.
Parcel 1. 169 acres. 149 acres of cropland.
Parcel 3. 43 acres. 28 acres of cropland.
Parcel 4. 9 acres. 0 acres of cropland.
Parcel 5. 26 acres. 0 acres of cropland. Wooded.
Parcel 6. 70 acres. 69 acres of cropland.
Misc. 3 acres. 0 acres of cropland.
Residential lots list price is $25,000/lot.
8 Lots. 8 acres. 0 acres of cropland. Lots,1,3,7,13,19,23,20, and 30.
approx. 1 acre each. Fully improved
City water and sewer.

242.4 acres of tillable land is leased for farming for 2020.

Additional Details

Nearest MSA: Rockford
County: Boone
Taxing Authority: Boone and City of Belvidere
Tax ID/APN: 0529100004
Zoning: AGRICULTURAL, RESIDENTIAL
Property Located Between: Distillery and Shaw. South of Business 20. North of Newburg road.
Property Visibility: Fair
Legal Description: Various.
Largest Nearby Street: Distillery
Feet of Frontage: 2,900
Highway Access: Business 20.
Airports: Greater Rockford International Airport, Poplar Grove
Site Description: Level farmland.
Area Description: Farms. Upscale residential. Conservation and preserve land.
Lot Frontage: 2900 Farmland. 100-170 Residential.
Lot Depth: Various Farmlan. 280-360 Residential.
Zoning Description: Agricultural and residential.
Development Name: River Run
Topography: Level
Easements: Electric Lines, Ingress/Egress, Utilities
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,156 17,332 74,913
Median Age: 46.33 41.46 41.22
Households: 822 6,809 29,325

Contact

Photograph of Listing Agent

Emmett J Gray, SIOR

Key Realty Commercial CMCPEX Member
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