Iuka, IL Marion Country Land 203.860000 acre for sale in Helm, Illinois

$611,580

Legal Description:203.86 acres basically situated in Section 4, Township 2 North, Range 4 East of the 3rd P.M., Marion County, IL.
Place: E of Iuka, IL on Hwy 50 1 mile to Landmark Rd. then N on Landmark Rd. 1/2 mile home is on the East side of the road.
Lot Size: 203.86 acres.
Rate:$713,510 ($3,500/ a/c).
Tillable:87.3 acres presently in CRP and Tree Program.
Farm Program & & Bases:40.2 acres - CRP Contract 2 $92.72/ air conditioning = $3,727.34/ yr 14.1 acres - Tree Program 2 $90.00/ air conditioning = $1,269/ yr 33.0 acres - Tree Program 2 $150.65/ air conditioning = $4,971.45/ year TOTAL = $9,967.79.
Minerals:1/ 4 of the mineral rights will certainly sell with the home.
Possession: At closing subject to current searching lease and current house occupant.
Lease Agreement:.
Soil Type: See Soil Map.
Improvements:2 bd 1ba bungalow design home (Approx. 880sq. ft.) currently renting for $400/mo, 32'X36' Pole Barn, 32'X50' Open Side Livestock Barn.
Annual Property Taxes:2012 Real Estate Taxes $2,766.62.
Examination: This is an extremely secluded property with very easy access just 1/2 mile from State Highway 50. The property presently generates over $15,000 in income which is over a 2 % return at the asking cost. This home is a perfect combination of mature wood, creek bottoms, upland open acreage, and the house would make an ideal weekend cabin or irreversible residence. The balance of thick planted trees, fully grown hardwood timber, and open fields along with a creek that bisects the property and a one acre pond make this home exceptional for deer and turkey searching.
OTHER: Truly an unique home with outstanding earnings.