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7 Properties Within 0.5 miles of: 82 acres Motel, Sycamore

82 acres Motel
Sycamore, IL 60178

Price

$746,200

Est Payment
$4,100 / month (details)  
Taxes
$1,738  
Type
Land  
Sq. Ft.
n/a  
Lot Size
82 ACRES  
Neighborhood
Sycamore  
MLS
#11324992
Status
Cancelled

Property Description

Rare opportunity to own 82 acres (more or less) of income producing and recreational acres with approximately half a mile of Kishwaukee River frontage, 5 minutes from downtown Sycamore. Located in the NE 1/4 of Section 25 of Mayfield Township, DeKalb County, Illinois. Income is generated from 32 acres of cropland and from 43.9 Conservation Reserve Program acres of native grass (26 acres) and trees (17.9 acres). The unique combination of cropland, native grassland, forest, wetland, and river provides habitat to a host of different wildlife species. AG zoning allows for all permitted outdoor recreational activities such as camping, shooting sports and archery, hiking, hunting, fishing, and ATVing. Hunting lease income also available. The nearly mature CRP trees were planted in 2001 and include black walnut, burr oak, red oak, pecan, pin oak, hickory, silver maple, and swamp white oak. The tree planting provides additional income opportunity in the future as the lumber can be select harvested. The CRP acres capture approximately 90 tons of carbon each year (using a conservative estimate of 2 tons of carbon per acre per year) which may make the property a candidate for carbon capture credits, as those programs continue to evolve. Frontage of 200 feet on Motel Rd. Low real estate taxes estimated at $21.20 per acre. PINs: part of 05-25-200-008 and part of 05-25-200-007. Class B soils: Somonauk, Otter, and Millbrook. Productivity Index 125.2. Flood plain. Listed as $9,100 per acre.

Property Map

Property Details

Utilities

  • Heating
  • Cooling
  • Water
  • Sewer

Additional Information

Schools
District 427

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

02-15-2022 Listed at $754,400
09-03-2022 Price decreased by $8,200 to $746,200
01-05-2023 Status changed to Expired
02-01-2023 Status changed to Active
06-07-2023 Status changed to Cancelled
Last Modified 6/7/23 7:13 AM
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