CR 1550E & 1600N, Urbana IL 61802 Photo 1 CR 1550E & 1600N, Urbana IL 61802 Photo 2 CR 1550E & 1600N, Urbana IL 61802 Photo 3 CR 1550E & 1600N, Urbana IL 61802 Photo 4 CR 1550E & 1600N, Urbana IL 61802 Photo 5 CR 1550E & 1600N, Urbana IL 61802 Photo 6 CR 1550E & 1600N, Urbana IL 61802 Photo 7 CR 1550E & 1600N, Urbana IL 61802 Photo 8

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CR 1550E & 1600N - Outstanding investment opportunity! This property has good all-weather road frontage on the south boundary on CR 1800 North/Airport Road and along the north boundary on East Oaks Road. Rural Subdivisions are prevalent in the area. The U of I Brownfield Woods (a "permanent" teaching and research woods) are located adjacent to the property on the east side. High Cross Road is located one-fourth mile east. The farm is located in the Champaign County Enterprise Zone, with real estate tax credits and sales tax credits available for new construction. This property has excellent potential for development. Access to Urbana is very good---I-74 and the Urbana Walmart are located just south of this property. The farm had been leased under a 50-50 crop share for many years. However, in 2018, the sellers have leased the farm for a cash rent of $300/acre. The yields per acre for corn/beans are as follows:(2017) 185+corn/57.8 beans; (2016) 218 corn/65 beans; (2015) 189 corn/67 beans. Take a closer look at this productive property!

Listing information

  • MLS® ID: 6180824
  • Stories: 0
  • Lot Area: 77.44 Acres
  • County: Champaign
  • Style: Lot/Land
  • New Construction: No
  • Lot Size: 1320 x 2640
  • School District: Other
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $2,455

Features

Exterior Features Level, Tillable
Lake Y/N No
Other Apx Lot Dim - 1320 X 2640, Current Use Agr Y/N - Yes, Government Program Y/N - Yes, Leased Y/N - No, List Type - Excl Right To Sell, Lot Sqft - 3373286.4, Mineral Rights - Yes, Mineral Rights Y/N - Yes, Other Act - 2, Outbuilding Y/N - No, Pasture Acres - 0, Pond Acres - 0, Road Frontage - 2600, Scrub Acres - 0, Sewer - None, Tax Year - 2017, Water - None, Wooded Acres - 0, Zoning - Agr
Road Construction Oil & Chip
Tax Exemption None
Utilities Available Electric, Water
Utilities In Place N/A
Listing Courtesy of Farmers National Company