600+- Acres Fulton and Knox County IL Income Producing Rec Land 2050L
Fulton,Knox County|600 Acres|$1,800,000|Middle Grove IL
Agricultural, Recreational, Coal Slurry Minerals Investment
600 Acres Fulton and Knox County IL - Agricultural Property, Recreational Property, Coal Slurry Minerals Investment Property
Land For Sale: 600+- acres with 84 acres no-tilled in 2016 and an additional +/- 65 acres planned for no-till in 2017 bringing the tillable total to around 150 acres. Additional property may also be able to be brought into production in future years. The balance of the property is primarily recreational and includes a 100% mineral rights transfer for all Coal Slurry Minerals present below the surface. This is a very unique income producing recreation property located in Fulton and Knox County IL near Middle Grove, 5.5 miles west of Farmington, situated north of IL Route 116 and west of Middle Grove Road, with 1.25+- miles of frontage along Route 116 and 1+- mile of frontage along Middle Grove Road. All 600 acres are contiguous.
2015 appraisal by a Certified Senior Appraiser with respect to the Coal Slurry Minerals can be provided upon request. The appraisal is based upon numerous borings and coal slurry samples collected by professional engineers and tested by a professional laboratory.
Sale Price: +/- $3,000/acre = $1,800,000 with 100% share of mineral rights to transfer with land. Copies of the 2015 coal slurry appraisal as well as all of the borings and lab testing analysis of the coal slurry are available for review by contacting the listing agents. The coal slurry appraisal estimates that there are 24,957,000 tons of coal slurry deposited within the limits of the property with a value of 6% of fair market price of coal. Property is sold AS-IS.
Owner will consider offers to purchase the Knox County (280+/- acres) or Fulton County (320+/- acres) parcels separately, but no further splits beyond this will be entertained. A copy of a Phase 1 Environmental Study was completed for the owner and can be made available upon request.
Property would make an excellent recreational property for deer and upland game hunting or establishment of a hunting club or wildlife preserve, with plenty of income from the tillable land.
Property showings available by appointment to pre-qualified buyers only. Pre-qualification details will be provided by the listing agents upon request. Broker Co-Op is available; contact listing agents for details.
Fulton County – PIN 04-03-01-100-003 (306 Ac), 04-03-02-200-010 (17.5 Ac)
Knox County – PIN 19-36-300-010 (120 Ac), 19-36-400-002 (50 Ac), 19-36-400-003 (40 Ac), 19-36-400-008 (70 Ac)
Address: IL Route 116, Middle Grove IL
IL Route 116, Middle Grove, IL