SALE PENDING! 145 Acres, Richwood TWP
Status: Sold Price: $5,750/acre
SALE PENDING!! This is a fantastic investment opportunity. Located in the heart of Western Illinois most fertile riverbottom soils, this farm boasts excellent tillable income along with duck hunting income that takes the rate of return to over 6%!! There are 130 tillable acres, 125 of which are being farmed, the other 5 acres are left standing for the waterfowl. Very conservatively these 125 tillable acres can be cash rented for $200/acre. Currently the owner pays a custom farmer $110/acre to farm the land, and then keeps all of the harvest profits. There are 8 waterfowl pits on this farm that lease for $3500/pit. There's currently $24,500 worth of income generated annually from the waterfowl hunting alone!! Call today!! This farm is a must see for any farmer, waterfowl hunter, or investor!!
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