+/- 77.5 Acres Farm Land/Future Deer Hills Homesites
$724,625
- Location: Belvidere, Illinois 61008
- Property Type: Land
Features
- Price:$724,625
- Property Type:Land
- Property Sub-type:Commercial/Other(land)
Description
Nothing but upside on this +/-77.5 acres farm with development potential and exceptional current income. Cash rent is $350/acre base plus additional flex rent, resulting in potential income of $27,257 resulting in a 3.7% return! Great future development potential as well! Annexed, with sewer and water adjacent and plat approved for 82 future single family lots in the Deer Hills Phase II neighborhood. Asking price $724,625, or approx. $9,350 per acre. Approx. 56.2 tillable acres per FSA. Exceptional land investment opportunity!
+/- 77.5 Acres Farm Land/Future Deer Hills Homesites
