Lease to Own
Address
0002 W 5000N Road, Custer Park, IL
Price
$ 880,000
Property Attributes
- MLS#12052921
- TypeFarm
- CountyKANKAKEE
- CityCuster Park
- AreaCuster Park
- Zip60481
- StyleAgricultural
- Taxes$ 958
- Price$ 880,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size40 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Excellent Investment Opportunity!! Tract 2. The highly anticipated Heritage Prairie Solar Farm (HPSF), which is being built on nearly 3,700 acres of leased farmland near Essex, Illinois has its approval from the Kankakee County Board and is pushing forward. Here's an opportunity to capitalize on 1 to 8 tracts of land already under lease option by the HPSF for solar farm development. They are being offered for sale in the lease option phase as individual tracts, or any combination suitable for the buyer. Each tract is already receiving a payout with construction is expected to begin in March of 2025. Undeveloped farmland can continue to be farmed, further increasing income potential. Don't miss this turn-key investment opportunity with no out-of-pocket maintenance expenses!! Tract 1: 68.63 +/- Acres, Tract 2: 40.00 +/- Acres, Tract 3: 46.73 +/- Acres, Tract 4: 16.00 +/- Acres, Tract 5: 16.22 +/- Acres, Tract 6: 20.13 +/- Acres, Tract 7: 13.88 +/- Acres, Tract 8: 66.12 +/- Acres.
| Price History | |
|---|---|
| 5/10/2024 | Listed $880,000 |
General Features
| Utilities | Electric Nearby |
|---|---|
| Possession | Negotiable |
| Township | Salina |
| Tax Year | 2022 |
| Current Use | Agricultural |
| Percent Ownership | Fee Simple |
| County | Kankakee |
| Property Type | Farm |
| Status | Active |
| Directions | From Downtown Essex: Take Main Street east approx. 1.25 miles to N 14750 Road. Take N 14750 Road north for approx. .75 miles to W 5000 Rd. Take W 5000 Rd east approx. 2 miles to subject property whic |
| City | Custer Park |
| High School District | 2 |
| MLS Area | Custer Park |
| Waterfront Y/N | No |
| Street Name | 5000N |
| Tax Annual Amount | 958 |
| Days on Market | 7 |
| Standard Status | Active |
| Middle/Junior School District | 2 |
| Elementary School District | 2 |
| Property Type | Land |
Interior Features
| Street Suffix | Road |
|---|
Exterior Features
| Lot Dimensions | 1240FT X 1240FT X 1240FT X1240 FT |
|---|---|
| Lot Size Acres | 40 |
| Road Surface Type | Gravel |
| Frontage Length | 1240 |
| Frontage Type | County Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Farm Average in 60481
Price
Taxes
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of June 17, 2024 7:23 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of June 17, 2024 7:23 AM UTC
