Lease to Own
Address
0007 N 15000w Road, Essex, IL
Price
$ 305,360
Property Attributes
  • MLS#12053084
  • TypeFarm
  • CountyKANKAKEE
  • CityEssex
  • AreaEssex
  • Zip60935
  • StyleAgricultural
  • Taxes$ 206
  • Price$ 305,360
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size13.88 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Excellent Investment Opportunity!! Tract 7. 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 $305,360

General Features

Utilities Electric Nearby
Possession Negotiable
Township Essex
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 approximately 1 mile to N15000W RD. Take N15000W RD south approximately 3/4 miles and the subject property will be located on the east side of the road.
City Essex
High School District 2
MLS Area Essex
Waterfront Y/N No
Tax Annual Amount 206
Days on Market 7
Standard Status Active
Middle/Junior School District 2
Elementary School District 2
Property Type Land

Exterior Features

Lot Dimensions 463FT X 1275FT X 463FT X 1275FT
Lot Size Acres 13.88
Road Surface Type Gravel
Frontage Length 463
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 60935

Price
AVG $670K
$310K
Taxes
AVG $641
$206
Visits
AVG 126
70
Data Provided by Inside Real Estate®

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